Inflation Data Weighs on the Dollar
by Rania Gule, Senior Market Analyst at XS.com – MENA
The USD/JPY pair witnessed a significant drop, starting Thursday’s session around the 155.00 level, near the lower boundary of the short-term descending channel. This decline came after U.S. inflation data showed a slowdown in core inflation, triggering a dollar sell-off and prompting investors to seek refuge in the Japanese yen. This...
Wall Street banks to report quarterly results
by Antonio Di Giacomo, Senior Market Analyst at XS.com
The quarterly earnings of several Wall Street banks will serve as a key indicator of market optimism following Donald Trump's election, which raised expectations for pro-business policies. This reporting period is crucial for understanding how financial institutions are navigating the current economic environment, especially after the volatility caused by political and...
High value deal volume decline reflects shift in investor strategies in 2023
The global venture capital (VC) landscape saw a remarkable transformation with a substantial...
US and China dominate global high value VC funding deals volume with 70% share in 2023
Global deal activity, encompassing venture capital (VC) funding, remained subdued...
North America companies dominate Forbes 2000 list with $19.3 trillion revenue in 2023
Companies headquartered across the North America region accounted for 38% ($19.3 trillion)...
Top 20 global biopharmaceutical companies report 9.1% QoQ decline
Expanding generic drug competition and a decline in the demand for COVID-19 vaccines and therapies have...
Why Construction growth will decrease?
Due to greater than expected inflationary pressure and further interest rates hikes, construction output in North America is forecast to...
VC funding by China startups soar 55.9% in August 2022
even as several key global markets achieve new low
China-based startups raised $5.7 billion worth of...