News
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Global stocks rise on Ukraine ceasefire hopes, Fed cut bets; pound rises after BoE
LONDON, Aug 7 (Reuters) - Global equities rose on Thursday, with Japanese shares hitting a record high, as upbeat earnings, growing hopes for a ceasefire in Ukraine and expectations for U.S. rate cuts boosted sentiment.Reuters
Thu, Aug 7
Pound jumps, UK bond prices fall after 'razor-edge' BoE vote on rates
Aug 7 (Reuters) - The pound rallied and UK stocks and bond prices tumbled on Thursday after the Bank of England cut interest rates as expected, although concern over inflation among its policymakers stirred up unprecedented division.Reuters
Thu, Aug 7
Disputes Emerge Over U.S.-Japan Trade Deal as Tokyo Slams “Last-Minute Add-Ons,” Trump Responds Firmly
TradingKey – Two weeks after the U.S. and Japan reached a trade agreement, disputes over key details have surfaced. On August 7, Japan’s chief negotiator Ryo Akazawa stated that the U.S. intends to impose a 15% tariff on Japanese goods in addition to existing dutiesTradingKey
Thu, Aug 7
UK stocks, bond prices fall after narrow BoE vote on rates
Aug 7 (Reuters) - British government bond yields rose and stocks fell on Thursday after the Bank of England cut interest rates by 25 basis points as expected, but inflation fears meant four of its nine policy makers voted to keep rates on hold.Reuters
Thu, Aug 7
PRECIOUS-Safe-haven gold drifts higher on tariff turmoil, Fed cut hopes
Trump's higher tariff rates hit goods from major US trading partnersTraders see 93% chance of Fed rate cut in SeptemberFed needs to respond to slowing US economy, says KashkariUS dollar By Sherin Elizabeth Varghese Aug 7 (Reuters) - Gold edged higher on Thursday as renewed trade tensions spar...Reuters
Thu, Aug 7
Firefly raises $868 million in upsized US IPO as it sets sights on a positive liftoff
By Pritam Biswas and Arasu Kannagi Basil Aug 6 (Reuters) - Northrop Grumman-backed Firefly Aerospace priced its upsized U.S. initial public offering at $45 per share on Wednesday, raising $868.3 million, and indicating strong demand for the buzzy space technology startup that put a lander on theReuters
Thu, Aug 7
SoftBank Group swings to profit in first quarter, Stargate timeline delayed
TOKYO, Aug 7 (Reuters) - Japanese technology investor SoftBank Group 9984.T on Thursday booked a net profit of $2.87 billion in the first quarter, driven by gains among larger listed investments in its Vision Fund portfolio.Reuters
Thu, Aug 7
Cheap Cryptos Under $1 That Could Explode
In a market increasingly driven by utility and innovation, Mutuum Finance (MUTM) and Cardano (ADA) are rapidly turning heads in the under-$1 crypto market. Mutuum Finance is now in presale phase 6 at $0.035, a 16.17% increase from the last phase.Cryptopolitan
Thu, Aug 7
Most European chip stocks climb as exemption blunts Trump's 100% tariff threat
** Most European chip stocks rise after President Donald Trump said the U.S. will impose 100% tariff on imported chips but exempted companies that manufacture in the U.S. or have committed to do so** STOXX Europe Technology index .SX8P up 1%, among best performers on the wider STOXX 600 .STOXX ** &#Reuters
Thu, Aug 7
World’s First RWA Registration Platform Launches in Hong Kong — Outpaces U.S. Yet Again
On Thursday, August 7, Hong Kong officially launched the world’s first Real World Asset (RWA) registration platform, marking a major milestone in the convergence of traditional finance and blockchain innovation.TradingKey
Thu, Aug 7
Sony hikes profit forecast seeing smaller tariff impact
Sony sees 70 billion yen tariff impact, down from MayJapanese companies adjusting expected tariff impactSony sees higher annual profit at games division Shares jump 4%By Sam Nussey TOKYO, Aug 7 (Reuters) - Sony 6758.T raised its full-year operating profit forecast on Thursday by 4% to 1.33 trilli...Reuters
Thu, Aug 7
AppLovin Q2 Ad Revenue Soars 77% as AI Advertising Profitability Benchmark
TradingKey - AppLovin (APP) released its Q2 2025 fiscal results after Wednesday’s market close, with actual performance and Q3 revenue guidance significantly exceeding Wall Street’s average estimates, driven by its AI advertising engine model AXON.
TradingKey
Thu, Aug 7
Bakkt Targets Japan’s Marusho Hotta with 30% Acquisition — A Strategic Push into Bitcoin Treasury
Despite the strategic significance, Bakkt’s stock rose just 2.52% to $9.77, remaining near its 2025 lows. Analysts suggest the market may be waiting for Bitcoin to break above $120,000 before pricing in upside potential.
TradingKey
Thu, Aug 7
German industrial output lowest since pandemic, exports exceed forecasts
Aug 7 (Reuters) - Germany's industrial output fell in June to its lowest level since the pandemic in 2020, extending last year's declines amid weakening foreign demand and increasing competition from China, while exports rose more than expected, data showed on Thursday.Reuters
Thu, Aug 7
Japan's Topix hits record high on easing US tariff worries, domestic firms' outlook
TOKYO, Aug 7 (Reuters) - Japan's Topix index closed at a record high on Thursday after worries about the impact of U.S. tariffs eased, and increased investor optimism about strong performance of domestic firms.Reuters
Thu, Aug 7
Duolingo Soars 20% After Hours — AI Strategy Survives Backlash, Strong Q2 Growth and Expansion Beyond Language
TradingKey - Despite backlash over its AI-driven strategy, Duolingo (DUOL) delivered a blowout second-quarter performance on Wednesday, August 6, reporting revenue and subscriber growth that exceeded expectations and raising its full-year guidance. The strong results sent shares up nearly 20% in
TradingKey
Thu, Aug 7
Cao Cao Mobility Surges 20% After Announcing Entry into Stablecoins and RWA Tokenization
On Thursday, August 7, shares of Cao Cao Mobility (HK.2463) soared over 20% intraday, hitting a peak of HK$61.50, marking the company’s largest single-day gain since its IPO. By midday, the rally had slightly cooled, with the stock trading at HK$58.80, up 19%.TradingKey
Thu, Aug 7
Trump says US to levy 100% tariff on imported chips, but some firms exempt
Trump says tariffs to exclude firms building in AmericaTSMC seen as likely to be exempt due to US factoriesSouth Korea says will have the most favourable levies100% tariffs would be devastating for Philippines - business leader Chip tariffs expected to affect China's SMIC and HuaweiBy Andrea Sha...Reuters
Thu, Aug 7
