Shares of Australian enterprise software provider TechnologyOne climbed to an all-time high on Tuesday, after it posted first-half earnings above analyst expectations. The stock climbed 12.7% to trade at A$37.2 per share as of 3000 GMT. It emerged as the top percentage gainer on the ASX200 benchmark index, which rose 0.5%.
(Bloomberg) -- Contemporary Amperex Technology Co. Ltd. rose in its Hong Kong trading debut after the Chinese battery giant wrapped up the world’s biggest listing this year by raising HK$35.7 billion ($4.6 billion) despite being blacklisted by the Pentagon and grinding through geopolitical storms.Most Read from BloombergAmerica, ‘Nation of Porches’NJ Transit Train Engineers Strike, Disrupting Travel to NYCNJ Transit Makes Deal With Engineers, Ending Three-Day StrikeNYC Commuters Brace for Chaos
SINGAPORE (Reuters) -Asian stocks rose on Tuesday while U.S. Treasury yields steadied, allowing a bit of a breathing room for the U.S. dollar as investors took stock of the debt load of the world's biggest economy and awaited trade deals. The Australian dollar slipped 0.5% to $0.64255 after the Reserve Bank of Australia lowered interest rates as expected, citing a darker global outlook, though it also remained cautious on further easing. "With the RBA sounding increasingly uneasy, the path of least resistance for the currency may remain lower," said Charu Chanana, chief investment strategist at Saxo in Singapore.
TOKYO (Reuters) -The dollar traded sideways on Tuesday after declining for a week, hemmed in by the Federal Reserve's caution over the economy and as U.S. lawmakers came closer to passing a bill expected to widen the nation's fiscal deficit. The Australian dollar edged lower after the Reserve Bank of Australia's cut benchmark interest rates by 25 basis points, as widely expected, and warned about uncertainty stemming from global trade tensions. Atlanta Federal Reserve President Raphael Bostic told CNBC on Monday the U.S. central bank may only be able to cut interest rates by a quarter point over the rest of the year given concerns about rising inflation stoked by higher tariffs.
Vanguard's S&P 500 ETF is a great way to diversify your investments. The S&P 500 has seen a historical average annual return of about 10%. The recent market turmoil is a good reminder that you have to be patient in the market.
Nvidia, last year’s star-studded stock, this year fell as much as 29% before recently rebounding. Nvidia (NASDAQ: NVDA) soared over the past two years, but in recent weeks, it's offered investors a fresh buying opportunity that some may have never believed possible. Investors also worried about export restrictions that recently halted Nvidia's sales of chips to China.
Deckers Outdoor is a footwear company with two very strong brands. Long-term investors need to consider the impact of fashion trends when considering Deckers Outdoor. Deckers Outdoor (NYSE: DECK) isn't the most descriptive name for the company that owns the Ugg and Hoka shoe brands, among others.
These companies have growth runways that span decades. Therefore, you can confidently buy and hold these winners.
US stock futures wavered after investor optimism largely persisted for another day despite growing warnings that relief over trade developments could be short-lived.
NEW YORK (Reuters) -Trade-related uncertainties, ballooning fiscal debt and weakened confidence about enduring U.S. exceptionalism have weighed on U.S. assets, with the dollar one casualty. The Trump administration's tariffs salvo this year prompted investors to cut exposure to U.S. assets after a long period of overperformance. While the U.S. currency steadied somewhat in recent sessions as investors took heart from a truce in the ongoing U.S.-China trade war, it came under renewed selling pressure after ratings agency Moody's cut the United States' pristine sovereign credit rating by one notch.