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Today is the second day after $MYEG(0138.MY$ showed a strong spike on last Friday, from day low RM0.805 to day high 0.925, hit its highest since Feb 2023 (more than a year high) with nearly 13% gains in a single trading day.
My thought will be this key question: can MYEG price extend its momentum today or correction after a strong spike? Referring to historical chart, there is a high potential that the share prices will retreat after a strong spike, so I wan...
My thought will be this key question: can MYEG price extend its momentum today or correction after a strong spike? Referring to historical chart, there is a high potential that the share prices will retreat after a strong spike, so I wan...
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The strong performance of US technology stocks last night once again boosted the rise in the US stock market, although the stock market briefly declined due to the Treasury's increase in borrowing expectations for the second quarter. Tesla's stock price surged 15%, the biggest one-day increase in three years, while Apple also rose 2.5%. In contrast, Google and Nvidia experienced a period of fluctuation. Google fell by more than 3%, and Nvidia rebounded slightly after falling nearly 3% in the intraday period.
In the European market, the British stock market hit record highs for three consecutive days. Dutch Philips shares soared 29%, while Deutsche Bank fell nearly 9%. Furthermore, news of Tesla CEO Elon Musk's visit to China attracted market attention, particularly the expectation that fully automated driving technology (FSD) will soon be implemented in China.
The US Treasury unexpectedly raised borrowing expectations for the second quarter. This move did not take into account the possibility that the Federal Reserve might slow down its contraction. Meanwhile, the market continues to pay attention to the Fed's future interest rate policy. Despite expectations of interest rate cuts, the market generally believes that it will not return to the period of ultra-low interest rates.
In the currency market, the yen fell sharply in the Asian market. At one point, it fell below 160 yen to 1 US dollar, a new low since 1990, but then surged 3.5% in the intraday period and once recovered to 155 yen. The US dollar index, on the other hand, turned down in the intraday period and was close to a two-week low. The cryptocurrency market is also quite volatile. Bitcoin's price once fell sharply, falling below the $62,000 mark.
The price of crude oil fell after rising for two consecutive days, and the price of US oil hit a new low in a month...
In the European market, the British stock market hit record highs for three consecutive days. Dutch Philips shares soared 29%, while Deutsche Bank fell nearly 9%. Furthermore, news of Tesla CEO Elon Musk's visit to China attracted market attention, particularly the expectation that fully automated driving technology (FSD) will soon be implemented in China.
The US Treasury unexpectedly raised borrowing expectations for the second quarter. This move did not take into account the possibility that the Federal Reserve might slow down its contraction. Meanwhile, the market continues to pay attention to the Fed's future interest rate policy. Despite expectations of interest rate cuts, the market generally believes that it will not return to the period of ultra-low interest rates.
In the currency market, the yen fell sharply in the Asian market. At one point, it fell below 160 yen to 1 US dollar, a new low since 1990, but then surged 3.5% in the intraday period and once recovered to 155 yen. The US dollar index, on the other hand, turned down in the intraday period and was close to a two-week low. The cryptocurrency market is also quite volatile. Bitcoin's price once fell sharply, falling below the $62,000 mark.
The price of crude oil fell after rising for two consecutive days, and the price of US oil hit a new low in a month...
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Magnificient Seven Series
I am going to study the US Magnificient Seven stocks as currently in the earning season. Firstly, I will go for Facebook parent Meta Platforms $Meta Platforms(META.US$, which just released its quarter earnings yesterday.
As a result, the stock prices closed around 0.5% lower compared to previous trading session but based on overnight trading price now, the share price plummeting more than 15% despite the better than expected resul...
I am going to study the US Magnificient Seven stocks as currently in the earning season. Firstly, I will go for Facebook parent Meta Platforms $Meta Platforms(META.US$, which just released its quarter earnings yesterday.
As a result, the stock prices closed around 0.5% lower compared to previous trading session but based on overnight trading price now, the share price plummeting more than 15% despite the better than expected resul...
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Last Tuesday, Finance Minister Chrystia Freeland tabled the federal government’s 2024 budget, which included changes to capital gains taxes that have created a frenzy of discussion, worry and anxiety.
The government announced in the budget that it intends to raise the inclusion rate on capital gains taxes from 50% to 66.7% for all gains realized by corporations and trusts, and for capital gains over C$250,000 realized by individu...
The government announced in the budget that it intends to raise the inclusion rate on capital gains taxes from 50% to 66.7% for all gains realized by corporations and trusts, and for capital gains over C$250,000 realized by individu...
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Hello mooers! Check out the latest market dynamics of the metals and mining industry over the past week.
• Base metals: Copper and aluminum continued to climb
• Precious metals: Gold slightly down; Silver dropped 2.5%
• Bulk commodity: Thermal coal rose by 3.6%
Spot Price Snapshot
Key Price Moves
On April 13, the LME announced that it would not allow Russian metal produced after that date to ...
• Base metals: Copper and aluminum continued to climb
• Precious metals: Gold slightly down; Silver dropped 2.5%
• Bulk commodity: Thermal coal rose by 3.6%
Spot Price Snapshot
Key Price Moves
On April 13, the LME announced that it would not allow Russian metal produced after that date to ...
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Head over to @Moomoo AU to participate in our Anzac Day Two-Up event before 2pm to win some points or even $1 AUD!
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