Straits Times Index
3,724.37 +50.88 (+1.39%) Nikkei
39,500.37 +118.96 (+0.30%) Hang Seng
20,728.19 -225.15 (-1.07%) FTSE 100
8,072.39 -68.35 (-0.84%) Bitcoin USD
76,466.04 +527.15 (+0.69%) XRP USD
0.55 +0.00 (+0.02%)
BusinessAFP NewsUS stocks hit fresh records as European bourses retreat
Wall Street stocks closed at fresh records Friday, extending a post-election rally while European equities pulled back as investors weighed the impact of Donald Trump's presidential election win.Analysts say US president-elect Donald Trump's planned tax cuts and import tariffs could rekindle inflation in the United States and beyond, which could in turn see the Federal Reserve scale back on interest-rate cuts.
BusinessReutersUS renewable fuel credits rally to multi-month highs despite Trump reelection
U.S. renewable fuel credits rose to multi-month highs on Friday on increased demand from refiners trying to comply with mandates and higher prices for soyoil, surprising traders who expected Donald Trump's reelection as U.S. president to weigh on the market. Rising prices for the credits, also called Renewable Identification Numbers (RINs), are welcome news for biofuel producers who depend on them to make up for high output costs. Prices for both the D4 RINs, issued to biomass-based diesel producers, and the D6 RINs, issued to ethanol suppliers, rose as high as 79 cents each on Friday, traders said.
BusinessSimply Wall St.TSX Penny Stock Opportunities For November 2024
As the Canadian economy navigates a period of cooling labor markets and potential rate cuts from the Bank of Canada, investors are eyeing opportunities that may arise in such a climate. Penny stocks, though an older term, still capture interest by representing smaller or newer companies with potential for growth. By focusing on those with robust financials, these stocks may offer both stability and upside in today's market conditions.