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09:38
The energy crisis intensifies economic divergence in Africa, as soaring oil prices reignite inflation and interest rate hike concerns in multiple countries.
Golden Ten Data reported on March 5th that data shows the surge in oil prices triggered by the US-Israel war against Iran can only improve the current account balances of three Sub-Saharan African economies, while most other economies will suffer. Analyst Yvonne Mhango wrote in a report on Thursday, stating: "For most African economies, rising oil prices mean weaker exchange rates and a resurgence of inflationary pressures, which could bring the topic of interest rate hikes back to the negotiating table."
09:33
Trending List: POWER popularity rises, down 19.96% in 24H
Popularity rankings show that POWER's attention has decreased by 270,000 compared to yesterday, ranking first. The popularity rankings are as follows: ① POWER ($0.1432, -19.96%) ② ETH ($2128.85, 2.58%) ③ XAUT ($5137.93, 0.06%) ④ PHA ($0.05049, 16.77%) ⑤ ROBO ($0.04456, -4.40%). The main funds selling POWER are average, with a net outflow of $4.6838 million in 24 hours and a 24-hour trading volume of $333 million, among which the main net inflow is $216,400.
09:32
US Stock Movement | Dow Chemical continues to rise over 1% pre-market as global polyethylene supply tightens, upgraded to "Overweight" by institutions
格隆汇 March 5|After closing up 5.2% yesterday, Dow Chemical (DOW.US) continues to rise 1.27% in the US pre-market today, trading at $32.75. According to news, Aleksey Yefremov, a research analyst at KeyBanc Securities, stated that supply disruptions related to conflicts may affect a significant portion of global capacity. This could drive up prices for polyethylene and related products in the coming months. "Since approximately 11%–15% of global ethylene/polyethylene (PE) capacity is directly impacted by the US/Israel and Iran conflict, we are upgrading our ratings for Dow Chemical and LyondellBasell to 'Overweight'." (Gelonghui)
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