US software stocks received a significant boost due to strong results from Salesforce and CrowdStrike helped ease concerns that artificial intelligence could undermine established software companies. Salesforce raised its full-year revenue and profit forecasts after reporting quarterly results that exceeded Wall Street expectations. The company also announced an expanded partnership with AI developer Anthropic, including a new integration designed to connect Salesforce applic

Nvidia has delivered another blockbuster set of results and an ambitious growth forecast, strengthening investor confidence that the extraordinary global spending boom surrounding artificial intelligence has further to run. The AI chipmaker said quarterly revenue reached $46.7 billion, up 56% from a year earlier, while data-centre revenue nearly doubled. More significantly, Nvidia forecast that sales could grow by approximately 70% in its next financial year, substantially ex

Global stock markets ended a difficult week under pressure as investors confronted a combination of rising government bond yields, higher oil prices and renewed concerns about inflation, despite a late recovery on Wall Street. Japan's Nikkei lost around 4% over the week, while Europe's STOXX 600 declined about 1%. US markets were also lower on a weekly basis, although the S&P 500, Nasdaq and Dow Jones all recovered on Friday. A major source of concern has been the global bond

Wall Street finished higher on Friday as encouraging economic data and strong corporate earnings helped US shares recover from a volatile week dominated by concerns over rising government bond yields and Middle East tensions. The Dow Jones Industrial Average climbed 517.80 points, or 0.98%, to 53,277.01, while the S&P 500 gained 0.43% to 7,674.37. The technology-heavy Nasdaq Composite advanced 0.44% to 26,180.46. Despite Friday's recovery, the major indices remained lower for

European shares struggled for direction on Wednesday as investors weighed stronger energy stocks against renewed inflation concerns, elevated government bond yields and continuing geopolitical uncertainty in the Middle East. The pan-European STOXX 600 was broadly unchanged at 652.36 points during morning trading on 19th August, remaining close to the two-week low reached a day earlier. Energy was the strongest sector, gaining around 0.6%, as Brent crude traded near $91 a barr

Global financial markets have come under renewed pressure after Brent crude climbed above $91 a barrel, as fading hopes of a breakthrough between the United States and Iran intensified concerns over prolonged disruption to global energy supplies. Brent crude rose as high as $91.07 a barrel on Tuesday, 18th August, its strongest level since late July, while US West Texas Intermediate reached about $84.99. Oil has now advanced for three consecutive sessions as investors reasses

Bain Capital and Singapore sovereign wealth fund GIC have cashed in part of their investment in Judo Bank, selling 71.6 million shares in a major block trade as institutional shareholders move to lock in gains following a strong year for Australian equities. The transaction represented around 6.4% of Judo Capital Holdings and was handled by Goldman Sachs. The shares were sold at A$1.85 each, valuing the deal at approximately A$132 million and representing a discount of about

Australian shares closed lower on Wednesday as investors moved to reduce risk ahead of crucial US inflation data, with losses across technology, industrial and energy stocks dragging the benchmark index to its lowest close in nearly three weeks. The S&P/ASX 200 fell 0.47% to 8,353.6 points on 11th December 2024, extending losses for a second consecutive session as weakness on Wall Street and uncertainty over the Federal Reserve’s interest-rate outlook weighed on sentiment. Te

Global stock markets traded cautiously on Monday as investors weighed political uncertainty, weakening economic signals from China and a crucial US inflation report expected to shape expectations for the Federal Reserve’s next interest-rate decision. Asian equities delivered a mixed performance. Japan’s Nikkei edged 0.2% higher after an upward revision to economic growth, while MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.5%. Chinese blue-chip stocks f

ANZ has turned to former HSBC executive Nuno Matos to lead one of Australia’s biggest banks through a critical period of transformation, appointing the veteran international banker as chief executive from July 2025 as regulatory scrutiny and competitive pressures intensify. Matos will succeed Shayne Elliott, who is retiring after nine years in the top job. The 57-year-old brings three decades of experience across retail, commercial and wholesale banking and most recently led