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About: josephine

Recent Posts by josephine

Chinese Stocks See Mixed Results Before Labor Day

4 April 2024 – Mainland China’s stock indices experienced slight declines today, with investors adopting a cautious stance in anticipation of the long Labor Day holiday and critical upcoming events. The Shanghai Composite index saw a marginal drop of 0.12% to 3,109.26 points by the midday break, while the blue-chip CSI300 index was down by Continue Reading

Tesla Expands Full Self-Driving Technology to China

Over the weekend, Tesla CEO Elon Musk announced that Tesla’s advanced driver-assistance system, Full Self Driving (FSD), has been cleared for sale in China, prompting a 15% surge in Tesla’s stock on Monday. This move marks a significant expansion for Tesla into the Chinese market, which is already a major hub for electric vehicle (EV) Continue Reading

Oil Prices See Rebound with U.S. Purchase Plans

Oil prices rebounded on Thursday as the U.S. signaled potential plans to replenish its strategic petroleum reserves. This news offered some support to the market after it faced a downturn driven by multiple factors including geopolitical hopes and economic uncertainties. Picture: Oil prices on the rise as seen on VT Markets app. Brent Crude and Continue Reading

Yen Sees Unexpected Volatility From Possible Intervention

2nd May 2024 The yen experienced volatility in early trading on Thursday, surrendering gains after a sharp overnight surge against the dollar, which traders and analysts have attributed to possible intervention by Japanese authorities. SEE: Sharp dip followed by a drastic recovery for USDJPY pair on the VT Markets trading app. The dollar regained strength, Continue Reading

Australian and New Zealand Dollars Retain Strength as Powell Calls for Rate Patience

Jerome Powell, Chair of the U.S. Federal Reserve, has reassured the financial markets by emphasising a likely downward adjustment in future interest rates. This guidance follows a series of inflation reports that had stoked expectations of tighter monetary policy. Picture: AUDUSD prices on the rise as recorded on VT Markets trading app. In the currency Continue Reading

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