Can US stocks follow up on the sizzling gains in ending March trading yesterday?
It is a bit of a tricky one as one can argue that investors were feeling more optimistic about the US-Iran conflict. But at the same time, I don’t want to say it but month-end and quarter-end shenanigans might also be a factor in exacerbating the moves from overnight trading. The S&P 500 clocked in […]
US-backed firm acquires Congo cobalt miner in strategic win over China
The Wall Street Journal (gated) with the news. Summary: A U.S. firm, Virtus Minerals, has acquired cobalt producer Chemaf in the DRC, marking a strategic win over China Deal valued at ~$30 million upfront plus ~$720 million in investment commitments Chemaf controls assets capable of producing ~5% of global cobalt supply Acquisition backed by U.S. […]
PBOC is expected to set the USD/CNY reference rate at 6.8858 – Reuters estimate
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade […]
Bitget Partners with IIT Delhi to Advance Web3 Education
Bitget, the world’s largest Universal Exchange (UEX), partnered with the Indian Institute of Technology Delhi (IIT Delhi) to host a blockchain seminar and workshop under its Blockchain4Youth programme. The campus session brought together more than 280 students for a workshop focused on blockchain fundamentals, decentralized systems, and emerging opportunities in Web3. Held on March 27, […]
Cardinals Open Extension Talks With JJ Wetherholt
The Cardinals have interest in an extension with JJ Wetherholt, reports Jon Heyman of The New York Post. There’s no indication talks have gotten far, though it’s understandable that St. Louis would like to keep the rookie beyond his six-year window of club control. Wetherholt was the seventh overall pick in the 2024 draft. The […]
Korea triggers sidecar halt (program trades) as KOSPI futures jump 5% on global rally
Summary: Korea Exchange triggered a sidecar halt after KOSPI futures surged 5% Program trading paused for 5 minutes to cool rapid market moves Move follows strong upside momentum from Wall Street rally Sidecar acts as a temporary circuit breaker for derivatives-driven volatility Highlights risk of momentum-driven dislocations in fast-moving markets South Korea’s stock exchange briefly […]
investingLive Asia-Pacific FX news wrap: UAE pushes to force the reopen of Hormuz
In brief: Oil edges higher amid ongoing Middle East tensions and mixed signals Trump signals imminent U.S. withdrawal (2–3 weeks), no deal required UAE moves closer to direct military involvement in Hormuz Fresh attacks highlight ongoing escalation risks across Gulf infrastructure Japan Tankan solid but cautious; China PMI expansion slows with rising cost pressures FX […]
Orioles To Select Albert Suárez
The Orioles will select swingman Albert Suárez onto the big league roster, reports Jacob Calvin Meyer of The Baltimore Sun. Manager Craig Albernaz confirmed this evening that the O’s expect Zach Eflin to land on the injured list after he left tonight’s start with elbow discomfort. Suárez will need to be added to the 40-man roster. That’s […]
Rep. Rich McCormick On Board with Pics of Congress, But Blames Dems for Shutdown
Play video content TMZ.com TMZ’s call for pics of Congress members on spring break is nonpartisan, and even though Rep. Rich McCormick does think one party’s more responsible for the shutdown … he’s also seen enough in DC to get why voters are fed up. The U.S. Congressman from Georgia joined us Tuesday on “TMZ […]
Tankan recap – Japan firms resilient now but warn of worsening outlook ahead
Adding some info on the Tankan to the earlier post, via Reuters recap. Summary: Japan Tankan shows large manufacturers at +17 (vs +16 expected), continuing improvement Large non-manufacturers strong at +36 (vs +33 expected) Firms expect conditions to worsen over next three months Inflation expectations rise to record highs (2.6% 1yr, 2.5% 3–5yr) Middle East/Iran […]
