Stocks fall on earnings woes, macro concerns
Stocks extended their losing streak for a second consecutive week as weak corporate earnings and persistent macroeconomic concerns weighed on investor sentiment.The benchmark DSEX index of the Dhaka Stock Exchange (DSE) closed the week down 53 points, or 1.0 per cent, settling at 5,234. Over the past two weeks since...
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Global equity funds draw inflows for seventh week on earnings optimism
Global equity funds attracted inflows for a seventh straight week in the period through May 6, supported by upbeat first quarter earnings and hopes for a US-Iran peace agreement, reports Reuters.Investors bought a net $4.35 billion of global equity funds during the week, though this was the smallest weekly inflow...
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Asia markets mostly edge lower
Asia-Pacific markets mostly traded lower Friday, as concerns grew over renewed hostilities between Iran and the US amid a fragile ceasefire, reports CNBC.The US and Iran traded fire in the Strait of Hormuz, with each side claiming the other initiated the attack.South Korea's Kospi rose in choppy trade, ending Friday's...
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Dollar slips as investors pin hopes on resolution to US-Iran conflict
NEW YORK, May 8 (Reuters): The dollar slipped on Friday, on pace for a second straight weekly fall as investors stayed cautiously optimistic about a swift end to the Middle East conflict, after President Donald Trump said the ceasefire remained in place despite renewed US-Iran hostilities.The two sides have occasionally...
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Space analytics firm HawkEye valued at $3.1b after NY debut
HawkEye 360 shares jumped 30% in their New York Stock Exchange debut on Thursday, securing a $3.15 billion valuation and signaling strong investor demand for defense-tech offerings, reports Reuters.The stock of the space analytics firm opened at $33.80, above the offer price of $26.The Herndon, Virginia-based firm raised $416 million...
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