Author: franperez66q@protonmail.com
European stocks notched their highest levels since March 2 on Monday as hopes for a deal between the U.S. and Iran rose over the weekend. Shortly after the opening bell, the pan-European Stoxx 600 was over 0.6% higher, reaching levels not seen since the U.S. and Israel began a joint assault on the Islamic Republic over 2 months ago. France’s CAC 40 and Germany’s DAX each added 1.1%. Trading volumes are thinner as the U.K’s FTSE 100 is closed for a public holiday. Stocks in Europe are tracking their Asian counterparts higher after Japan’s Nikkei 225 breached 65,000 on Monday for the…
Delivery Hero shares surge to 18-month high as Uber eyes takeover Source link
A SK Hynix flag (R) and a South Korean national flag (L) flutter outside the company’s Bundang office in Seongnam on Jan. 26, 2024. Jung Yeon-je | Afp | Getty ImagesLondon — Outsized returns for memory-related stocks have helped fuel substantial gains in U.S. and South Korean equity markets in recent years — but market watchers warn investors forget the market’s cyclicality at their own risk. The memory industry has been in a period of sustained growth since the launch of ChatGPT in December 2022, which triggered huge demand for high-bandwidth memory, or HBM.Samsung and SK Hynix are among the…
European shares climb to over two-month highs on Iran-US peace optimism Source link
Tingbo He, president of Huawei semiconductor, presents at an industry conference in Shanghai on May 25, 2026.HuaweiSHANGHAI — Chinese tech giant Huawei on Monday touted a new approach to developing advanced semiconductors despite U.S. sanctions, as Nvidia struggles to sell its high-end chips in China.Huawei said it developed a new engineering approach called “LogicFolding” to manufacture its Kirin smartphone chips this fall.That breakthrough comes as Nvidia faces U.S. export restrictions in China and Apple contends with renewed competition from Huawei in the world’s second-largest consumer economy.Huawei’s Mate 60 smartphone, launched in 2023, included 5G connectivity powered by an advanced chip…
Top 5 Taiwan Electronics Stocks to Watch, According to Macquarie Source link
The prime minister said it was “right” that the sentences were being urgently reviewed. Source link
A housewife (R) buys vegetables at a wet market in SingaporeRoslan Rahman | Afp | Getty ImagesSingapore on Monday reported a lower-than-expected rise in consumer prices for April at 1.8% on the back of a smaller increase in services and retail inflation. Reuters-polled economists had estimated inflation at 2%. Core inflation — which strips out prices of private transport and accommodation — came in at 1.4% compared with expectations of 1.7%.The Monetary Authority of Singapore, however, said that the city-state’s imported cost pressures are expected to pick up and broaden in the months ahead.”As higher energy and other input costs…
Chinese chipmaking stocks rally on Huawei chip design breakthrough Source link
Cracking towers stand beside access roads at the Ruwais refinery and petrochemical complex, operated by Abu Dhabi National Oil Co. (ADNOC), in Al Ruwais, United Arab Emirates.Bloomberg | Bloomberg | Getty ImagesOil markets are nearing minimum operating levels in Asia, with Europe likely next and the U.S. potentially facing shortages by July, Jeff Currie, Carlyle’s chief strategy officer of energy pathways, said Monday, underscoring the global energy shock due to the Iran war.Headline global inventory figures can be misleading, Currie warned, as much of the oil stored worldwide cannot be used immediately. A large portion of that oil is needed…