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Tokyo's Nikkei Index Extends Winning Streak to Seven Days on Yen Weakness
Economic News
Tokyo's stock market continued its winning streak on May 2nd, with the Nikkei 225 index closing 378.39 points higher at 36,830.69, a 1.04% increase. This marks the seventh consecutive trading day of gains. The depreciation of the yen against the US dollar buoyed the market, with the export - oriented sectors leading the bulls. The index briefly approached the 37,000 - point mark during the session.more
Euro Zone Shows Recovery Signs as Sentix Hits 3-Year High, German Industry Rebounds
Economic News
The euro zone’s economic outlook brightened in July: the Sentix Investor Confidence Index surged to 4.5 (up from 0.2), a three-year peak and third straight rise. The current conditions sub-index improved to -7.3 (still contracting), while the expectations gauge jumped to 17.0, signaling optimism. Germany’s index rose to -0.4 (highest since February 2022), with its current conditions improving for five months. Analysts warn sustained recovery could limit the ECB’s rate-cut room.more
Tesla’s Growth Trajectory: Triumphs, Challenges, and Bold Bets on the Future
Economic News
Tesla, anchored by its electric vehicle (EV) and energy storage businesses, achieved a significant milestone in 2023 by delivering over 1.8 million vehicles globally. This growth underscores the company’s continued dominance in the EV market. However, the road ahead is paved with obstacles as Tesla navigates intense competition and ambitious technological pursuits under Elon Musk’s leadership.more
Replacing SWIFT? the new BRICS payment system is here!
Economic News
Replacing SWIFT? 159 countries have responded! The new payment system of the BRICS countries is on its way!more
China and the U.S. talked for 2 days, China added another 11.9 billion U.S. debt
Economic News
China and the U.S. talked for 2 days, China added another 11.9 billion U.S. debtmore
The Eurasian Economic Union is actively expanding its trade territory: it is exploring the establish
Economic News
The Eurasian Economic Union is actively expanding its trade territory: it is exploring the establishment of a free trade zone with a number of countries.more
