Monthly Archives: August 2026
Tesla stock surges on strong Q2: Musk reclaims title of wealthiest person
Written on August 15, 2026 at 10:47 am, by josephine
Stock price of Tesla rebounds by 75%, driven by strong Q2 delivery figures. Elon Musk reclaims the top spot among the rich in the world, with a net worth of $252 billion.
Gold rises as dollar weakens; attention turns to U.S. Fed minutes
Written on August 15, 2026 at 10:47 am, by josephine
Gold prices saw a modest rise on Wednesday, gaining 0.1% to $2,331.41 per ounce by 0026 GMT, while U.S. gold futures rose 0.3% to $2,340.50. This increase comes as the U.S. dollar weakened, making gold more affordable for holders of other currencies.
Japan’s Nikkei climbs as tech stocks follow US growth shares
Written on August 15, 2026 at 10:47 am, by josephine
Japan’s Nikkei share average rose by 0.81% on Wednesday to reach 40,398.35 as of 0142 GMT, continuing the momentum from its 0.38% higher opening.
USDSGD trading within a range; anticipates economic data release
Written on August 15, 2026 at 10:47 am, by josephine
The USDSGD currency pair is bound in a range on expectations of the US ISM services PMI and the non-farm payrolls report, scheduled for later today and Friday respectively.
Nasdaq composite hits record high with AI optimism and strong earnings prospects
Written on August 15, 2026 at 10:46 am, by josephine
Nasdaq composite reaches a record high driven by AI advancements. Markets focus on insights from the upcoming earnings season.
Brazilian real rebounds with weakness hitting the US dollar
Written on August 15, 2026 at 10:46 am, by josephine
The Brazilian real strengthens as expectations of a dovish Fed policy rise. Learn about the market implications and key factors influencing the performance of BRL.
Euro climbs following France’s first-round vote, yen falters
Written on August 15, 2026 at 10:46 am, by josephine
Key points: On Monday, the euro rose following the first round of France’s snap election, which put Marine Le Pen’s far-right National Rally (RN) party in the lead. However, the margin was smaller than initially projected. This development came as a relief to markets concerned about potential expansionary and unsustainable fiscal policies from a stronger Continue Reading
US yields boost dollar, leaves yen struggling
Written on August 15, 2026 at 10:46 am, by josephine
Key points: The U.S. dollar saw a strong performance on Tuesday, supported by rising U.S. Treasury yields. Benchmark 10-year Treasury yields surged by nearly 14 basis points to 4.479% overnight. Analysts attribute this move to expectations of former President Donald Trump winning the U.S. presidency again, potentially leading to higher tariffs and increased government borrowing. Continue Reading
Apple and Tesla boost stocks in pre-holiday trading
Written on August 15, 2026 at 10:46 am, by josephine
Key points: The stock market experienced gains on Monday, driven by strong performances from Apple and Tesla. Despite light pre-holiday trading, the Dow, S&P 500, and Nasdaq all saw positive movement. Investors are eagerly awaiting labour market data later this week to gain insights into the interest rate outlook. Tech stocks boost Nasdaq as Tesla Continue Reading
Oil prices hover at high with summer demand and rate cut hopes
Written on August 15, 2026 at 10:46 am, by josephine
Key points: Oil prices held steady near two-month highs, buoyed by expectations of rising fuel demand and potential economic growth from US interest rate cuts. Brent crude oil (Symbol: UKOUSD) increased to $86.80 per barrel. Similarly, the WTI crude oil (Symbol: USOUSD) reached $83.51 per barrel. The images above show oil prices rallying, as observed Continue Reading
