Exchanges

Vietnam's benchmark VN-Index fell 1.86% to 1,193.01 points Wednesday on its third straight day losing. The index closed 22.67 points lower after dropping 0.93 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange decreased by 37% to VND19.106 trillion (US$751.6 billion).<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/BB_1l_L_Oa_H_33bdf4f082.jpg" alt="BB1lLOaH.jpg"></figure>The VN-30 basket, comprising the 30 largest capped stocks, saw 26 tickers fell.GVR of Vietnam Rubber Group slid 5.6%, BID of state-owned lender BIDV went down 4.4%, and CTG of lender VietinBank closed 4.0% lower.Four bluechips gained. MSN of conglomerate Masan Group grew 1.1%, POW of electricity producer Petrovietnam Power Corporation saw a 0.5% uptick, and VNM of dairy giant Vinamilk went up 0.3%.Foreign investors were net seller to the tune of VND987 billion, mainly selling FUEVFVND of exchange-traded fund DCVFMVN DIAMOND and MBB of lender MB Bank.The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 1.15%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.55%.

Vietnam's benchmark VN-Index fell 1.86% to 1,193.01 points Wednesday on its third straight day losing. The index closed 22.67 points lower after dropping 0.93 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange decreased by 37% to VND19.106 trillion (US$751.6 billion).

Stocks end third session in red

Tokyo stocks ended mixed Friday in a tug-of-war between bargain-hunting in bank and other oversold stocks, and selling on weakened sentiment following pullbacks on Wall Street overnight.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/R_d116c502d7.jfif" alt="R.jfif"></figure>The 225-issue Nikkei Stock Average ended down 132.88 points, or 0.34 percent, from Thursday at 38,787.38. The broader Topix index finished 8.08 points, or 0.30 percent, higher at 2,745.62.On the top-tier Prime Market, gainers were led by bank, electric power and gas, and transportation equipment shares. The main decliners were precision instrument, miscellaneous product, and chemical issues.The U.S. dollar rose to the upper 155 yen range in Tokyo on prospects of a wider interest rate differential between Japan and the United States after long-term U.S. Treasury yields rose overnight.The yen was additionally sold after the Bank of Japan said Friday it would not change its regular operation purchase amount of Japanese government bonds after unexpectedly reducing the amount earlier this week.Stocks started the day weak, taking their cues from falls on Wall Street overnight. All three major U.S. indexes closed lower on concerns over an overheated market after the Dow Jones topped the 40,000 line for the first time, analysts said.The market, however, found support as investors bought back oversold stocks and sought companies that had recently reported positive earnings results or favorable shareholder returns.Among such issues, banking shares drew buying after Japan's major financial groups released upbeat earnings and projections on Wednesday."There is a significant sense that the market is undervalued at its current levels. The performance of banks, in particular, appears to be relatively strong amid the overall uncertainty about earnings this season," said Makoto Sengoku, senior equity market analyst at the Tokai Tokyo Intelligence Laboratory Co.

Tokyo stocks ended mixed Friday in a tug-of-war between bargain-hunting in bank and other oversold stocks, and selling on weakened sentiment following pullbacks on Wall Street overnight.

Tokyo stocks end mixed on bargain-hunting, Wall St. pullbacks

Walmart (WMT) wowed Wall Street yet again, causing the stock to jump as much as 7% in early trading Thursday.For its fiscal 2025 Q1, America's biggest retailer posted revenue of $161.51 billion, higher than the $159.58 billion expected, while adjusted earnings per share also came in higher at $0.60, compared with estimates of $0.53.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/BB_1mr7_LH_55024b3c92.jpg" alt="BB1mr7LH.jpg"></figure>"Customers are continuing to come to Walmart for not only just value but also convenience," Walmart CFO John David Rainey told Yahoo Finance. "We see that wallets are still stretched, they're [customers] still looking for value."In a call with investors, CEO Doug McMillon said: "The momentum we see across the business is driven by growth in units sold and transaction counts as well as market share gains, including in general merchandise. These are not inflation-driven results."&nbsp;Total US same-store sales increased 3.9% year over year, led by growth from Sam's Club, up 4.4%, as Americans sought out deals on grocery items. The wholesale retailer reached a record high level for member counts and plus members, resulting in membership income growth of more than 13%.Its namesake stores saw same-store sales grow 3.8%, boosted by customers going more frequently, though ticket size was flat. The company alluded that it was gaining market share among upper-income households.Global e-commerce sales leaped 21%, boosted by store pickup and delivery as well as its online marketplace.These results come as the company plans to cut hundreds of jobs and asked employees to relocate to its headquarters in Bentonville, Ark., the WSJ reported on Tuesday.Walmart is the largest US employer, with 1.6 million US workers.During the quarter, the company also conducted a stock split for the 12th time in 50 years. Its shares are up 13.9% this year, outperforming the S&amp;P 500's (^GSPC) 10% gain.Ahead of the report, UBS analyst Michael Lasser wrote that "the stock has room to run" in a note to clients. He added that Q1 should demonstrate "further evidence that the stock fits well with what the market is looking for right now, a consistent business that is more insulated from ongoing macro pressures than the rest of the pack.""Walmart is in a double tailwind position to gain both low- and high-end consumers over the coming years," Deutsche Bank analyst Krisztina Katai told Yahoo Finance over the phone prior to the report.HSBC analyst Daniela Bretthauer called the stock a top pick ahead of the report."The future of grocery shopping is becoming increasingly omnichannel, and Walmart is America's largest grocer," Bretthauer told Yahoo Finance. "You have a big player online, which is Amazon, but in groceries ... Walmart has a big advantage."Merchandise sales dropped in the low single digits, consistent with the last three quarters. But US grocery sales increased in the mid-single digits, driven by selling more fresh foods and private brand items, Stifel managing director Mark Astrachan wrote in a note to clients following results.The company benefits from its pricing power and economy scale, as well as tech investments and its $9 billion store makeovers.&nbsp;Recently, the company introduced a new private label brand named bettergoods, which offers higher quality, trendier items priced from under $2 to under $15.Its lucrative ad business is also boosting its top line, boasting a 24% increase in global sales, and a 26% jump in US sales.Its subscription business, Walmart+, also grew by double digits, as CEO McMillon said members engaged more frequently and spent more than other customers.Earnings breakdown Here's what Walmart reported in its fiscal year 2025 first quarter, compared to Wall Street estimates compiled by Bloomberg:Revenue: $161.51 billion versus 159.58 billionAdjusted earnings per share: $0.60 versus $0.53Overall same-store US sales growth: 3.9% versus 3.42%Walmart US same-store sales growth: 3.8% versus 3.45%Traffic: 3.8% versus 3.17%Ticket growth: Flat versus 1.32%Sam's Club US same-store sales growth: 4.4% versus 3.3%Walmart US e-commerce growth: 22% versus 13.33%For the full fiscal year 2025, the company expects net sales to grow on the higher end of 3% to 4% and for operating income to grow on the higher end of 4% to 6%."We will revisit our full-year guidance as we exit [the] second quarter. This is more aligned with our historic cadence of updates, and consistent with the philosophy we have as a management team to recognize early momentum, but to also maintain prudence early in the year given the macro uncertainty and so much of the year is still ahead of us," Walmart CFO John David Rainey said on a call with investors following fiscal year 2025 Q1 results.

Walmart (WMT) wowed Wall Street yet again, causing the stock to jump as much as 7% in early trading Thursday.  For its fiscal 2025 Q1, America's biggest retailer posted revenue of $161.51 billion, higher than the $159.58 billion expected, while adjusted earnings per share also came in higher at $0.60, compared with estimates of $0.53.

Walmart stock pops after earnings beat, retailer surpasses $500 billion in market cap

TOKYO (AP) — Asian shares were mixed in muted trading Tuesday after U.S. stock indexes were little changed ahead of the release of inflation data.Japan’s benchmark Nikkei 225 gained 0.3% to 38,287.41. Australia’s S&amp;P/ASX 200 slipped 0.4% to 7,723.10. South Korea’s Kospi rose 0.2% to 2,731.62.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/66430c67025521_42083065_cb9f2bf838.webp" alt="66430c67025521.42083065.webp"></figure>Chinese markets were flat ahead of an expected announcement by the Biden administration on raising tariffs on imports from China. Hong Kong’s Hang Seng slipped less than 0.1% to 19,096.65, while the Shanghai Composite also lost less than 0.1%, to 3,147.54.Investors were watching for indicators on inflation to gauge the direction of economic growth, as well as the strength of the dollar.“Today marks a significant day for both Germany and the U.S.A. as they are set to unveil crucial economic data,” said Luca Santos, market analyst at ACY Securities, referring to consumer price data from Germany and producer costs in the U.S.“Despite their different focuses, both indices offer insights into how inflation is shaping society,” said Santos.On Monday, the S&amp;P 500 edged down less than 0.1%, to 5,221.42 after flipping between small gains and losses through the day. It remains within 0.6% of its record set at the end of March.The Dow Jones Industrial Average slipped 0.2% to 39,431.51, and the Nasdaq composite rose 0.3%, to 16,338.24.Biopharmaceutical company Incyte jumped 8.6% after saying it would buy back up to $2 billion of its stock. It’s the latest big company to say it’s returning cash to shareholders through such purchases, which boost the amount of earnings that each remaining share is entitled to.GameStop soared 74.4% in a swing reminiscent of its maniacal moves from three years ago, when hordes of smaller-pocketed investors sent the stock’s price way above what many professional investors considered rational.Stocks have broadly rallied this month following a rough April on revived hopes that inflation may ease enough to convince the Federal Reserve to cut its main interest rate later this year. A key test for those hopes will arrive Wednesday, when the U.S. government offers the latest monthly update on inflation that households are feeling across the country.Other reports this week include updates on inflation that wholesalers are seeing and sales at U.S. retailers. They could show whether fears are warranted about a worst-case scenario for the country, where stubbornly high inflation forms a devastating combination with a stagnating economy.Hopes have climbed that the economy can avoid what’s called “stagflation” and hit the bull’s eye where it cools enough to get inflation under control but stays sturdy enough to avoid a bad recession. Federal Reserve Chair Jerome Powell also gave financial markets comfort when he recently said the Fed remains closer to cutting rates than to raising them, even if inflation has remained hotter than forecast so far this year.A stream of stronger-than-expected reports on U.S. corporate profits has helped support the market. Companies in the S&amp;P 500 are on track to report growth of 5.4% for their earnings per share in the first three months of the year versus a year earlier, according to FactSet. That would be the best growth in nearly two years.Earnings season has nearly finished, and reports are already in for more than 90% of companies in the S&amp;P 500. But this upcoming week includes Walmart and several other big names. They could offer more detail about how U.S. households are faring.Worries have been rising about cracks showing in spending by U.S. consumers, which has been one of the bedrocks keeping the economy out of a recession. Lower-income households appear to be under particularly heavy strain amid still-high inflation.The Biden administration is expected to announce this week that it will raise tariffs on electric vehicles, semiconductors, solar equipment, and medical supplies imported from China, according to people familiar with the plan. Tariffs on electric vehicles, in particular, could quadruple to 100%.In other trading, benchmark U.S. crude added 12 cents to $79.24 a barrel. Brent crude, the international standard, rose 12 cents to $83.48 a barrel.The U.S. dollar rose to 156.42 Japanese yen from 156.21 yen. The euro cost $1.0789, down from $1.0790.

Japan’s benchmark Nikkei 225 gained 0.3% to 38,287.41. Australia’s S&P/ASX 200 slipped 0.4% to 7,723.10. South Korea’s Kospi rose 0.2% to 2,731.62.

Stock market today: Asian shares mixed in muted trading after Wall Street barely budges

&nbsp;On Thursday, the US indices all recorded gains. The Dow Jones Industrial Average rose by 0.84%, while the S&amp;P 500 climbed by 0.50%, and the Nasdaq 100 managed to rise by 0.15%.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/AA_1eezt_D_e923e8244e.jpg" alt="AA1eeztD.jpg"></figure>However, the InvestingPro ProPicks AI strategies were able to extract much more from the market. For example, the Tech Stars gained 1.53%, the Dow Detectives 0.80%, and Value Vault 1.45%. Thus, three of the six strategies outperformed all three benchmark indices by a wide margin. The Mid Cap Marvels reached 0.54%, The Best of Buffett 0.67%, and bringing up the rear was S&amp;P 500 Samurai with 0.14%.Of the 15 stocks included in the Tech Stars strategy, only five recorded losses on Thursday. The biggest losers were Super Micro Computer (NASDAQ:SMCI) (-2.78%), Marathon Digital (NASDAQ:MARA) (-2.19%), and Extreme Networks Inc (NASDAQ:EXTR) (-2.12%). The top gainer among the Tech Stars was once again Applovin Corp (NASDAQ:APP), with an increase of 14.44%. Since March, the stock has risen by 39.45%. In second and third places are Harmonic Inc (NASDAQ:HLIT) (+3.55%) and Ringcentral Inc (NYSE:RNG) (+3.14%).Ringcentral is a newcomer in May and has achieved a return of 17.84% within a few days. The stock has already performed splendidly this month, and InvestingPro's fair value of $46.79 suggests further gains. In the past 24 hours, Deutsche Bank confirmed its Buy recommendation and raised the target price from $38 to $42.Applovin benefited from strong quarterly results released on May 8th. EPS exceeded estimates by $0.11 and revenue was also better than expected. This was reason enough for Oppenheimer to rate the stock as "Outperform" with a target price of $97. In the past 24 hours, both Goldman Sachs and BTIG have joined this assessment, giving a Buy recommendation with a target price of $100. There's still some room for growth, but the majority of the gains have been secured by the AI strategy with its early entry.Whether Applovin will continue to be part of the Tech Stars in June or the AI will close the deal will be decided on June 1st when the monthly revaluation takes place.Harmonic is also a stock that was added in May. Rosenblatt reaffirmed its Buy recommendation on April 30th immediately after the quarterly results were released, and raised the target price from $16 to $18, representing an upside potential of nearly 60%.Unlike the "Best of Buffett" strategy, which is adjusted only quarterly, the other 5 strategies select stocks every month that have the potential to outperform the market in the new month. Thus, the portfolio is always geared towards achieving maximum success.

 On Thursday, the US indices all recorded gains. The Dow Jones Industrial Average rose by 0.84%, while the S&P 500 climbed by 0.50%, and the Nasdaq 100 managed to rise by 0.15%.

Stock market: What is the secret of the top performers?

Vietnam’s benchmark VN-Index gained 5.4% to 1,248.63 points Tuesday, its fifth session in the green.The index closed 7 points higher after rising 20.5 points Monday.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/BB_1l_Xr7e_f0f21f0616.jpg" alt="BB1lXr7e.jpg"></figure>Trading on the Ho Chi Minh Stock Exchange, on which the index is based, fell 12% to VND18.4 trillion ($724 million).The VN30 basket, comprising the 30 largest capped stocks, saw 16 tickers in the green.PLX of fuel distributor Petrolimex led with a 5.4% rise, followed by VJC of budget airline Vietjet, up 4.6%.VNM of dairy giant Vinamilk gained 3.3% and FPT of IT giant FPT Corporation closed 2.9% higher.Ten blue chips fell. CTG of state-owned lender VietinBank dropped 1.2% and BID of state-owned lender BIDV fell 1%.Foreign investors were net buyers for the third session in a row to the tune of VND120 billion, mainly buying HPG of steelmaker Hoa Phat Group and MWG of electronics retail chain Mobile World.The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.29% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.50%.

Vietnam’s benchmark VN-Index gained 5.4% to 1,248.63 points Tuesday, its fifth session in the green. The index closed 7 points higher after rising 20.5 points Monday.

Stocks rise in 5 consecutive sessions

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Monday on the back of positive global cues. While BSE Sensex moved up 300 points, Nifty50 was above 22,500. At 9:17 AM, BSE Sensex was trading at 74,095.91, up 218 points or 0.29%. Nifty50 was at 22,523.55, up 48 points or 0.21%.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/BB_1l_Sucb_c6c82b9355.jfif" alt="BB1lSucb.jfif"></figure>The domestic markets concluded the previous week on a cautious note, with investors displaying muted sentiments. Today, the markets are likely to respond to the US employment data and the fourth quarter results of Dmart and Kotak Bank."We expect the market to consolidate in a broader range and base to gradually shift higher," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.The Nifty closed below the 22,500 level on Friday, which has been acting as a minor support for the past few days. While this is a negative development, it does not necessarily open up a significant downside, according to Tejas Shah of JM Financial &amp; BlinkX.Meanwhile, Wall Street witnessed a notable rise, supported by a milder-than-expected employment report on Friday. This development bolstered the case for potential rate cuts by the Federal Reserve while also highlighting the resilience of the U.S. economy.Asian equity benchmarks are relatively stable in early trade as investors await the reopening of China following an extended holiday break. Mainland markets appear poised for gains, driven by Beijing's supportive policy stance, which adds momentum to an emerging bullish sentiment.The dollar remained broadly steady on Monday, as a soft U.S. jobs report increased bets on the Federal Reserve potentially cutting rates twice this year. The Japanese yen was slightly weaker at the start of the week.Five stocks, including Vodafone Idea, Biocon, ABFRL, Balrampur Chini Mills, and GMR Infra, are under the F&amp;O ban period today. The rupee edged up 1 paisa to settle at 83.45 against the US dollar on Friday, influenced by a weak American currency and declining crude oil prices in global markets.Foreign portfolio investors (FPIs) were net sellers, offloading shares worth Rs 2,391 crore on Friday, while domestic institutional investors (DIIs) purchased shares worth Rs 690 crore. The net long position of FIIs turned from Rs 25,615 crore on Thursday to a net short position of Rs 46,719 crore.Several companies, including Godrej Consumer, Lupin, Indian Bank, and Marico, are set to announce their fourth quarter earnings on Monday.

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Monday on the back of positive global cues. While BSE Sensex moved up 300 points, Nifty50 was above 22,500. At 9:17 AM, BSE Sensex was trading at 74,095.91, up 218 points or 0.29%. Nifty50 was at 22,523.55, up 48 points or 0.21%.

Stock market today: BSE Sensex opens 300 points up; Nifty50 above 22,500

Warning

In recent years, complaints about the Caphouse trading platform have emerged, raising questions about the transparency and safety of this investment environment. In this context, InfoFinance has made every effort to address investor grievances, contributing to the construction of a fairer and safer financial market.<h1 style="text-align:justify;">Investment stories with Caphouse Trading Platform</h1>Instances of investors being defrauded on trading platforms are becoming increasingly common. One alarming example is the case involving the Caphouse trading platform. Mr. Nguyen Van A, an investor in Vietnam, shared his bitter experience when investing in this platform.Mr. A began depositing money into the Caphouse platform with assistance from advisor Khánh Ngọc. In two deposit transactions, the total amount invested by him was 74,750,000 VND. Subsequently, expert Mỹ Vân continued to assist him from November 6, 2023. Everything seemed smooth until November 14, 2023, when Mr. A had a profit of approximately 31,000 VND and decided to withdraw 20,000 VND.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/Thiet_ke_chua_co_ten_3_8a5ae98758.png" alt="Thiết kế chưa có tên (3).png"></figure>However, upon trying to withdraw, he received no response. Mỹ Vân requested that he deposit an additional 333,660,000 VND to pay the Bot fee - information that Mr. A had not been informed about from the beginning. Despite attempting negotiations and receiving a promise of a 5% reduction in the Bot fee, Mr. A still had to deposit a large amount. After depositing, he was again asked to trade more or deposit an additional 30% to withdraw money.Significantly, on November 15, 2023, when contacting customer support, he received a vague explanation and could not contact the experts who had previously assisted him. The group he had joined was also unexpectedly disbanded. Emails and calls to the platform's hotline went unanswered, with promises of processing within 24 to 48 hours, but to date, there has been no response from the Caphouse platform.<h1 style="text-align:justify;">InfoFinance handles receiving information and resolving complaints from investors</h1>In an effort to protect the rights of investors, InfoFinance has received and processed a series of complaints related to the Caphouse trading platform. Detailed information from investors has prompted us to take necessary measures to address the issue, safeguarding traders from fraudulent behavior and legal violations.<img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/Thiet_ke_chua_co_ten_5b7cf60463.png" alt="Thiết kế chưa có tên.png"><figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/Thiet_ke_chua_co_ten_1_8f3e96e6fa.png" alt="Thiết kế chưa có tên (1).png"></figure>By accessing and verifying information, InfoFinance has provided appropriate solutions to deal with the situation. Our intervention not only helps to effectively resolve complaints but also creates a safer and more transparent investment environment for the investor community.The success of InfoFinance is evidenced by receiving a thank-you email from an investor, affirming our ability to address complaints and the satisfaction of customers.<h1 style="text-align:justify;">Safe investment with InfoFinance</h1>If you have any complaints about trading platforms, please follow these steps to report to InfoFinance for timely support:Step 1: Visit the official website of InfoFinance<a href="https://infofinance.com/">&nbsp;https://infofinance.com/</a>Step 2: Click on the "Report Broker/Complain Platform" section on the homepage.Step 3: Click on "Send Report" to start reporting the issues you are facing.Thank you for following the news with InfoFinance. Don't forget to follow our fan page<a href="https://facebook.com/infofinance.official">&nbsp;https://facebook.com/infofinance.official</a> for the latest updates. If you need assistance during trading or working with the platform, please contact InfoFinance through the following channels:Support: CS@infofx.vnHotline 0904 096 829 / 093 1085 659

In recent years, complaints about the Caphouse trading platform have emerged, raising questions about the transparency and safety of this investment environment. In this context, InfoFinance has made every effort to address investor grievances, contributing to the construction of a fairer and safer financial market.

INFOFINANCE SUCCESSFULLY RESOLVES INVESTOR COMPLAINTS AGAINST CAPHOUSE TRADING PLATFORM

Market

SINGAPORE (Reuters) - Asian stocks inched lower on Friday as traders pondered the near term U.S. monetary policy path after Federal Reserve officials suggested that interest rates may need to stay higher for longer even as inflation shows early signs of easing.Data on Wednesday showed cooling U.S. consumer price inflation, prompting markets to swiftly price in at least two rate cuts this year but the excitement soon fizzled out as the latest report showed the labour market remains tight, while central bankers were still cautious about inflation.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/521a7c728a582c73ee36a499de00c2a0_f702cc92f2.webp" alt="521a7c728a582c73ee36a499de00c2a0.webp"></figure>Traders are pricing in 47 basis points of easing this year from the Fed, with a rate cut in November fully priced in.MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.14% after touching a two-year high on Thursday. The index was still set for an increase of 2.6% this week for its fourth straight week of gains.Japan's Nikkei fell 0.48%, while China stocks grinded higher, with the blue chip gauge gaining 0.15% in early trading.Hong Kong's Hang Seng Index was the bright spot for Asia, rising 0.77% and touching its highest since August 2023."Following the incremental softening of the U.S. data, this is probably as far as the risk rally can go in the absence of tier-1 data over the coming week," said Nicholas Chia, Asia macro strategist at Standard Chartered.While the data this week offered the Fed good news on two fronts, policymakers haven't openly shifted views yet about the timing of rate cuts investors are convinced will start this year.Monetary policy is "restrictive" and "is in a good place," Federal Reserve Bank of New York President John Williams said. "I don't see any indicators now telling me ... there's a reason to change the stance of monetary policy now."Data on Thursday showed the number of Americans filing new claims for jobless benefits fell last week, indicating that labour market conditions remain fairly tight even as job growth is cooling.Overnight, the Dow rose as high as 40,051.05 while the S&amp;P 500 and Nasdaq also hit record highs before gradually losing steam and finishing slightly lower on the day. [.N]In the currency markets, the dollar headed for its largest weekly fall versus the euro in 2/1-2 months. The euro is up roughly 1% against the dollar and was last at $1.08595. [FRX/]The yen weakened 0.23% to 155.80 per dollar in early trading, giving back some of the gains it made after the mild U.S. CPI report earlier in the week.The Japanese currency has fallen around 9.5% this year as the Bank of Japan has kept monetary policy loose while higher U.S. interest rates have drawn money towards U.S. bonds and the dollar.Tokyo is suspected to have intervened on at least two days in late April and early May to support the yen after it tumbled to lows last seen more than three decades ago.The yen has been particularly sensitive to any widening of the interest rate differential."While the weaker U.S. data should benefit low-yielders like the yen, the recent price action suggests the Japanese authorities may have more to do beyond verbal jawboning if they intend to keep speculators at bay," Standard Chartered's Chia said."Paring back bond purchases and further rate hikes in the second half of 2024 may be inevitable if the authorities are serious about pushing the dollar-yen pair lower."The BOJ on Friday kept the amounts unchanged at a regular bond buying operation, after unexpectedly reducing purchases of bonds with 5-10 years left to maturity at the start of the week.In commodities, oil prices rose in Asian trading hours, with global benchmark Brent set for its first weekly increase in three weeks on signs of improving global demand and slowing inflation in top oil consumer the United States. [O/R]U.S. crude was little changed at $79.18 a barrel and Brent was 0.1% higher at 83.35 per barrel.Gold prices were last at $2,377.25 per ounche. [GOL/]

SINGAPORE (Reuters) - Asian stocks inched lower on Friday as traders pondered the near term U.S. monetary policy path after Federal Reserve officials suggested that interest rates may need to stay higher for longer even as inflation shows early signs of easing.

Asian stocks ease on uncertainty over timing of U.S. rate cuts

Gallen Capital, a name frequently mentioned in the investment community, but is this trading platform reliable? A series of warning signs have emerged, casting doubts on the transparency and trustworthiness of Gallen Capital. Info Finance has gathered evidence pointing towards the lack of transparency from this platform.<h2>Accusations Diminish Trust in Gallen Capital</h2>A significant number of investors have reported not receiving the promised profits from Gallen Capital. Many cases also highlight difficulties in withdrawing funds from their accounts, with some unable to do so altogether. These occurrences raise concerns about the transparency and reliability of this trading platform.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/pasted_image_0_11_8012b6efe3.png" alt="pasted image 0 (11).png"><figcaption>Link: <a href="https://www.facebook.com/groups/trade4youthanhtam/posts/896372225532821">https://www.facebook.com/groups/trade4youthanhtam/posts/896372225532821</a></figcaption></figure>Information about Gallen Capital on financial websites is also scarce and unclear. The lack of details about the management team, operating licences, and other specifics only adds to the suspicion.Given these indicators, the investment community should exercise caution when dealing with Gallen Capital. It's recommended to take preventive measures such as thorough research before investing, avoiding investing large sums without guarantees, and staying updated with news and reviews from reputable sources.It's important to note that protecting one's assets is always a top priority in the investment environment, and being cautious can help avoid unwanted risks. Gallen Capital may just be one of many examples of trading platforms that investors should carefully consider.<h2>Safe Investing with Info Finance</h2>Info Finance is committed to accompanying and listening to investors' experiences on their journey. With the aim of creating a "clean" investment community, Info Finance eagerly welcomes contributions from everyone to provide timely and accurate warnings to the community.If you have any complaints about a trading platform, follow these steps to report it to Info Finance for timely assistance: Step 1: Visit the official Info Finance website at <a href="https://infofinance.com/">https://infofinance.com/</a> Step 2: Click on the "Report Broker" or "Report Exchange" section right on the homepage. Step 3: Click on "Send Report" to start reporting the issues you are facing.Thank you for following news with Info Finance. Don't forget to follow the fan page <a href="https://facebook.com/infofinance.official">https://facebook.com/infofinance.official</a> to stay updated with the latest news. If you need support during trading or working with a platform, please contact Info Finance through the following channels: Support: CS@infofx.vn Hotline: 0904 096 829 / 0931 085 659 &nbsp;

Gallen Capital, a name frequently mentioned in the investment community, but is this trading platform reliable? A series of warning signs have emerged, casting doubts on the transparency and trustworthiness of Gallen Capital. Info Finance has gathered evidence pointing towards the lack of transparency from this platform.

Suspicion Surrounds GALLEN CAPITAL's Handling of Investors' Funds

In the fable "Ali Baba and the 40 Thieves," the eponymous hero gains access to a cave full of riches by uttering the phrase "open sesame."Jack Ma, co-founder of Alibaba &nbsp;(BABA) &nbsp;liked the story so much that he named a Chinese e-commerce giant after the hero of the story."Alibaba is a kind, smart businessperson," Ma said in a 2006 interview. "Alibaba opens sesame for small- to medium-sized companies."Unfortunately, we live in a world that is somewhat short of magic, and riches are not easy to come by.Alibaba&nbsp;has been facing some challenges lately as the company contends with economic headwinds and other pressing issues.For one thing, China's economy has only slowly recovered from the Covid-19 pandemic.A McKinsey &amp; Co.&nbsp;report found that consumer sentiment in China continues to slump as "consumers prefer to sock their cash away in the bank rather than spend it.""While several macroeconomic indicators are pointing in a promising direction, there are a number of areas that are still cause for considerable concern, foremost of which is the continued slump in consumer and business sentiment," the report said.The McKinsey report said last year's collapse in property transactions was a big factor behind the drop in confidence.The study also said that a 5% decline in exports in 2023, zero growth in fixed asset investment by privately owned companies, and double-digit youth unemployment are other key factors driving a reduction in consumer spending and investment.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/How_To_Be_Successful_In_Life_And_Business_According_To_Jack_Ma_00dfa3cc06.jpg" alt="How To Be Successful In Life And Business, According To Jack Ma.jpg"></figure><h2 style="margin-left:0px;text-align:justify;">Alibaba CEO Wu says, 'we are returning to growth'</h2>"While early consumption data for the first two months is promising, the verdict is still out on what this means for the remainder of the year," the report said.The Chinese property sector crisis is facing a financial crisis sparked by the 2021 default of Evergrande Group.Related: Analyst reboots Palo Alto Networks stock price target ahead of earningsEvergrande and other Chinese property developers experienced financial stress in the wake of overbuilding and subsequent new Chinese regulations on their debt limits.China is reportedly considering buying up millions of unsold properties as part of a radical plan to tackle the problem, according to Bloomberg.Meanwhile, Alibaba announced in 2023 that it would split into six business groups, each with the ability to raise outside funding and go public. The company said the move was&nbsp;“designed to unlock shareholder value and foster market competitiveness.”In November, Alibaba said that it would not proceed with the spinoff of its Cloud Intelligence Group, declaring that U.S. chip export curbs have “created uncertainties" for the group's prospects.The company reported fourth-quarter earnings on May 14. It beat revenue forecasts but posted an 86% drop in earnings.Revenue totaled 221.9 billion yuan, or $30.7 billion, compared with 219.66 billion yuan expected.Net income attributable to ordinary shareholders was 3.3 billion yuan, or about $457.14 million, down 86% year over year.Shares initially fell upon the news but have since recovered some losses."Starting in 2024, we've seen a rapid increase in customer demand for AI," CEO Eddie Wu told analysts. "It has also stimulated growth and demand for traditional cloud computing needs, including general computing storage and big data."Therefore, Wu added, "We are actively investing in our cloud computing product matrix, especially in AI infrastructure, to capture the monumental opportunities."Wu said the quarter’s results demonstrate that “our strategies are working, and we are returning to growth.”"Our China and international commerce businesses realized double-digit year-over-year gross merchandise value (GMV) growth through our focus on the customer experience," he added.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/51e06b32c6aa9bfd2d3b4887aa4a24ba_8f1fcc2a05.webp" alt="51e06b32c6aa9bfd2d3b4887aa4a24ba.webp"></figure><h2 style="margin-left:0px;text-align:justify;">Analyst sees 'encouraging quarter' for Alibaba</h2>In response to the earnings announcement, several analysts adjusted the stock price targets for Alibaba.Truist analyst Youssef Squali lowered the firm's price target to $110 from $113 and kept a buy rating on the shares.The company's fourth-quarter results showed good operational execution against an improving macro. Gross merchandise volume and orders at the e-commerce platforms Taobao and Tmall Group returned to double-digit growth, and there are prospects for double-digit growth in Cloud in the second half of FY2025.Squali said he also continues to view FY2025 as an "investment year," which should keep Alibaba's margins in check over the near term, the analyst tells investors in a research note.HSBC raised its Alibaba stock price target to $115 from $114, keeping a buy rating on the shares.The company reported an improved gross merchandise volume outlook, but monetization will take longer, the analyst tells investors in a research note. The firm said Alibaba remains committed to shareholder return.Mizuho lowered the firm's price target on Alibaba to $92 from $95 and kept a buy rating on the shares.The company reported an "encouraging quarter" as gross merchandise volume accelerated due to the demand elasticity of price discounts, and China commerce margin was on track despite facing a mix shift to a lower-priced platform, the analyst told investors in a research note.However, the firm says Alibaba's consolidated EBITA was soft due to long-term investments in international businesses and Cainiao Smart Logistics Network.Citi analyst Alicia Yap lowered the firm's price target on Alibaba to $122 from $124 and kept a buy rating on the shares following the fiscal fourth-quarter report.The analyst sees the company's initial positive progress demonstrated by a reacceleration of growth led by its strategic reinvestment and "undemanding valuation" as further supported by its "solid" shareholder return policy.

In the fable "Ali Baba and the 40 Thieves," the eponymous hero gains access to a cave full of riches by uttering the phrase "open sesame."

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