CME blamed the outage, which halted trading for more than 11 hours, on a cooling failure at a data centre in Chicago. Global futures markets were thrown into chaos for several hours after CME Group, the world’s largest exchange operator, suffered one of its longest outages in years, halting trading across stocks, bonds, commodities and…
LONDON — European stocks were largely positive on Friday as investors digest the end of a choppy month. The pan-European Stoxx 600 was up almost 0.2% by 4:00 p.m. in London (11:00 a.m. ET), with major bourses and most sectors in positive territory. November has been a volatile month for equities with fears of stretched…
Hong Kong Spreephoto.de | Moment | Getty Images Asia-Pacific markets started the week higher after the New York Federal Reserve President signaled that a third rate cut could happen this year. On Friday, New York Federal Reserve President John Williams suggested the Fed could lower its key interest rate from here as labor market weakness poses a…
The rand and South African shares and bonds extended their rally on Thursday as investors cheered signs of fiscal discipline after the government’s medium-term budget policy statement. The rand briefly broke below the key R17/US$ level for the first time since February 2023 to touch R16.95 — its strongest in more than two years. The…
When most investors look at frontier markets, they do so from a distance – placing small bets through funds managed by others. At DP World, as a leading global logistics provider, our strategy tells a very different story: making long-term infrastructure investments over decades, and in ways that transform economies and shift patterns of trade….
Pedestrians are reflected in a window as electronic boards display stock information at the Australian Securities Exchange, operated by ASX Ltd. on Aug. 6, 2024 in Sydney, Australia. Lisa Maree Williams | Getty Images News | Getty Images Asia-Pacific markets traded mixed Tuesday in the absence of any major triggers, after two key Wall Street…
Optimism over the profit potential of artificial intelligence has helped drive the US stock market to record highs, but investors are looking for weak spots that could emerge in the AI trade and have identified some risks to watch for. AI has been the dominant theme on Wall Street since the launch of ChatGPT in…
Africa stands at a turning point. The upcoming ASEA 2025 Conference, themed “Adapting to Global Market Shifts: Strategies for Resilience and Growth for African Markets of the Future,” comes at a time when the continent must rethink how financial systems can better serve its people. Across Africa, capital markets remain relatively underdeveloped compared to global…
Siegfried Layda | Getty Images “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness,” Charles Dickens famously wrote. That aptly captures the dislocation between political events and market action as we go into the next week. The U.S. government shutdown…
Inspire Africa Group (IAG) has officially launched its first line of finished coffee products at the Africa Coffee Park in Rwashamaire, Ntungamo District. The launch, held on International Coffee Day, was led by Chief Justice Alfonse Owiny Dollo, who flagged off the first truck of products headed for the local market. The occasion marked the…
