15 April

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Cathie Wood’s ARK funds load up on Coinbase, offloads Tesla shares By Investing.com

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By Samuel Indyk Investing.com – In vogue fund manager Cathie Wood bought almost $246 million worth of Coinbase (NASDAQ:COIN) shares yesterday, the day the largest cryptocurrency exchange in the US went public. Three of Wood’s funds bought shares in Coinbase; the ARK Innovation ETF (NYSE:ARKK), ARK Fintech Innovation ETF (NYSE:ARKF) and ARK Next Generation Internet ETF (NYSE:ARKW). In total, the funds bought almost 750,000 shares, equating to just shy of $250mln. Cathie Wood Cathie Wood has long been a supporter of cryptocurrencies and has suggested that Bitcoin could continue its march higher over the coming years...

15 April

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China’s first-quarter GDP growth seen hitting record 19% as domestic, global demand recovers – Reuters poll By Reuters

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BEIJING (Reuters) - China's economy likely grew at record pace of 19% in the first quarter, rebounding from a pandemic slump early last year as demand recovered at home and abroad and as policy support for ailing smaller firms continued, a Reuters poll showed. While the reading will be heavily skewed by the plunge in activity a year earlier, the expected jump would be the strongest since at least 1992, when official quarterly records started, according to the median forecasts of 47 economists polled by Reuters. It would also signal the world's second-largest economy has continued...

15 April

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Earnings, metal rally spur record high for European stocks By Reuters

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(Reuters) - European stocks hit a record high on Thursday as a rally in commodity prices lifted miners, while some positive earnings reports offset worries about the pace of COVID-19 vaccination in the continent. The pan-European STOXX 600 index inched up 0.3% in its third session of gains, with miners and travel stocks leading the rise. UK's commodity-heavy FTSE 100 outperformed as a surge in metals prices lifted shares of companies such as Rio Tinto (LON:RIO), Anglo American (LON:AAL) and BHP. Swiss engineering company ABB rose 3.3% after raising its full-year...

15 April

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FTSE 100 rises on miners boost, midcaps hit record high By Reuters

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(Reuters) - London's FTSE 100 edged higher on Thursday, boosted by gains in heavyweight mining stocks, while shares of Entain rose after its quarterly online net revenue leapt by 33%. The blue-chip index rose 0.3%, with the British gambling group adding 1.5% even as a drop in total net gaming revenue for the first quarter outweighed a bump in online betting during coronavirus lockdowns. Miners added 1%, providing the biggest boost to the index as they tracked higher metal prices. The domestically focussed mid-cap FTSE 250 index also gained 0.3%, hitting a record high. ...

15 April

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Japan shares higher at close of trade; Nikkei 225 up 0.07% By Investing.com

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Investing.com – Japan equities were higher at the close on Thursday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares higher. At the close in Tokyo, the Nikkei 225 gained 0.07%. The biggest gainers of the session on the Nikkei 225 were Seven & i Holdings Co., Ltd. (T:3382), which rose 5.41% or 240.0 points to trade at 4675.0 at the close. Nippon Yusen K.K (T:9101) added 4.37% or 165.0 points to end at 3940.0 and Sumitomo Metal Mining Co., Ltd. (T:5713) was...

15 April

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TSMC’s first-quarter profit rises 19% on strong chip demand By Reuters

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TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) reported a 19.4% rise in first-quarter profit that beat market expectations on strong global chip demand for the world's top contract chipmaker. TSMC, whose clients include Apple Inc (NASDAQ:AAPL) and Qualcomm (NASDAQ:QCOM) Inc, had already flagged "multiple years of growth opportunities" as the COVID-19 pandemic fuelled demand for advanced chips to power devices such as smartphones and laptops. The Taiwanese company's business was further boosted by a global shortage of semiconductor chips that initially forced automakers to cut production, but is now also hurting manufacturers of...

15 April

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Shop closures drag Entain’s overall revenue despite online strength By Reuters

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(Reuters) -British gambling group Entain reported a drop in total net gaming revenue for the first quarter on Thursday, as a hit from pandemic-led shop closures outweighed a bump in online betting during coronavirus lockdowns. The company, which owns the Ladbrokes (LON:LCL) and Coral brands, said total net gaming revenue fell 13% for the three months ended March 31 even as online revenue leapt by 33%. "While it has only been a handful of days since the re-opening in parts of the UK on the 12 April, we look forward to returning...

15 April

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Deliveroo says orders more than doubled in first quarter By Reuters

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LONDON (Reuters) - Food delivery company Deliveroo said its orders more than doubled in the quarter to end-March in its first trading update since its highly-anticipated listing in London last month flopped. Growth accelerated for the fourth consecutive quarter, the company said on Thursday, with group orders up 114% year-on-year to 71 million and gross transaction value up 130% year-on-year to 1.65 billion pounds ($2.27 billion). ($1 = 0.7260 pounds) ...

15 April

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Dollar at three-week low as Fed’s dovish message sinks in By Reuters

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By Hideyuki Sano TOKYO (Reuters) - The dollar nursed losses on Thursday, holding near a three-week low against a basket of currencies as U.S. bond yields pulled back from last month's surge with investors buying the Federal Reserve's arguments that interest rates can stay low. The dollar index dipped to a four-week low of 91.571 overnight and last stood at 91.601. The euro traded at $1.19845, near its highest level in four weeks and having gained 2.2% so far this month. The dollar changed hands at 108.93, after hitting a three-week low of 108.755 on Wednesday....

15 April

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Tencent Music appoints new CEO, chairman By Reuters

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(Reuters) - Tencent (HK:0700) Music Entertainment Group on Thursday said it appointed Cussion Kar Shun Pang as its new executive chairman of the board and Zhu Liang as the new chief executive officer, with immediate effect. The Chinese music streaming platform said Tong Tao Sang, the company's current chairman, will resign from his position. ...

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Cathie Wood’s ARK funds load up on Coinbase, offloads Tesla shares By Investing.com

China’s first-quarter GDP growth seen hitting record 19% as domestic, global demand recovers – Reuters poll By Reuters

Earnings, metal rally spur record high for European stocks By Reuters

FTSE 100 rises on miners boost, midcaps hit record high By Reuters

Japan shares higher at close of trade; Nikkei 225 up 0.07% By Investing.com

TSMC’s first-quarter profit rises 19% on strong chip demand By Reuters

Shop closures drag Entain’s overall revenue despite online strength By Reuters

Deliveroo says orders more than doubled in first quarter By Reuters

Dollar at three-week low as Fed’s dovish message sinks in By Reuters

Tencent Music appoints new CEO, chairman By Reuters

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