Become a logicalchat Member

Latest Post

Today’s Top Performers: Pure Storage, C3.AI, Salesforce, UiPath and More Make Big Moves.

Today, Stock futures were trading lower in the early morning hours on Thursday on a dismal statement from Salesforce (NYSE:CRM). Top stock gainers Shares of Pure...

Your story starts here. Sign up and let's connect in ways that truly matter!

HomeLatest NewsGlobal NewsGlobal Market Watch: Iran-Israel conflict, Bitcoin slump, Nippon Steel's takeover bid for...

Global Market Watch: Iran-Israel conflict, Bitcoin slump, Nippon Steel’s takeover bid for US Steel and more

Global Market developments include Iran’s attack on Israel caused Middle East instability, asset selloffs, and China tightening regulations. Nippon Steel’s takeover bid for US Steel approved by stakeholders..

Iran’s offensive on Israel has sparked instability in the Middle East, leading to asset selloffs. China’s regulatory tightening and Nippon Steel’s takeover bid for US Steel receive support from stakeholders.

Geopolitical tensions

Iran warns Israel and the US of a larger response in case of retaliation for drone and missile strikes on Israeli territory. Israel declares ongoing campaign, escalating tensions. Washington remains committed to defending its forces.

Iran attacked Israel’s consulate

Iran attacked Israel’s consulate in Syria, resulting in the deaths of senior Revolutionary Guards commanders. Tensions escalated due to Gaza conflict. Despite extensive missile and drone attacks, Israel suffered minor damage due to US, UK, and Jordan interceptions.

China’s securities rules

China’s securities regulator has released draft rules to improve the stock market and protect investors’ interests. The rules aim to enhance supervision of company listings, delistings, and computer-driven program trading, aiming to restore investor confidence in the world’s second-largest stock market.

Mitsubishi aquiring hdfc

Mitsubishi UFJ Financial Group is acquiring a 20% stake in HDFC Bank’s non-banking arm, HDB Financial Services, valued at $9 billion to $10 billion. The final decision is expected at the HDFC Bank board meeting next week. The deal is expected to be around $2 billion, with the deal structured at approximately five times the book value. The China Securities Regulatory Commission plans to elevate IPO standards and delist unqualified companies.

Bitcion crash

Bitcoin experienced a sharp sell-off due to Middle East tensions, affecting Ether, Solana, and Dogecoin. Concerns about Federal Reserve rate cuts and Iran-Israel conflict intensification impacted investor sentiment across asset classes.

Salesforce Aquire Informatica

US-based Salesforce is in advanced negotiations to acquire Informatica, with an official announcement potentially imminent. The price being considered is below Informatica’s current share price, with Permira and the Canadian Pension Plan Investment Board holding a controlling stake.

us steel Nippon steel deal

US Steel shareholders approve $14.9 billion Nippon Steel acquisition, advancing merger, despite regulatory scrutiny and political opposition, including national security concerns and potential President Biden’s remark.

Must read book about investing – check here

Wall Street Update

Related Post