Shares in Shell slumped 7% as it cut its dividend and reported net income in the first quarter almost halved. Whilst BP chose to absorb a $6bn rise in net debt to $51bn and gearing above 36x in order to preserve its precious dividend, Shell seems to be taking a more prudent approach in cutting its dividend for the first time since the […]

EU stocks opened lower as investors anticipate release of Eurozone inflation data European markets opened lower on Tuesday morning as investors anticipate the release of the Eurozone inflation data which could heighten concerns about the pace and scale of possible interest rate hikes. Germany’s DAX futures dipped by 0.39% and France’s CAC 40 futures followed, […]

Last week marked the worst-ever weekly loss for group of stocks collectively known as the Magnificent Seven — Nvidia, Meta Platforms, Amazon, Microsoft, Alphabet, Apple, and Tesla — as their collective market capitalizations plummeted by $950 billion.

As of November 7, the New Israeli Shekel recovered most of its losses since the war between Israel and Hamas began.

The Canadian dollar hovered at 1.37 against the USD as markets waited for jobs data on Friday; analysts were mostly bullish in their USD/CAD forecasts.