Money
Global bank opens metaverse investments for mega rich
Global Bank HSBC has entered the metaverse for its rich clients in Hong Kong and Singapore
It’s launched a fund to capture investment opportunities in the digital space as financial services companies tap into Silicon Valley’s new virtual reality.
The metaverse comprises a network of virtual environments accessed via different devices where users can work, socialise and play.
“The metaverse ecosystem, while still at its early stage, is rapidly evolving,” says Lina Lim, regional head of discretionary and funds for investments and wealth solutions, Asia Pacific, at HSBC.
“We see many exciting opportunities in this space as companies of different backgrounds and sizes are flocking into the ecosystem.”
Last year the desire to enter the space skyrocketed with Facebook’s rebrand to Meta.
HSBC says it will focus on investing in the metaverse because it sees many exciting opportunities in this space as companies of different backgrounds and sizes are showing interest in the sector.
This follows HSBC buying a plot of virtual real estate in an online gaming space, becoming the second global bank after JPMorgan to invest in the digital world.
Money
Australia’s inflation hits 3.8%: Budget decisions under pressure
Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.
Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.
Australia’s inflation has surged to 3.8%, sparking concern for households and businesses. Experts warn that rising prices could threaten financial stability if the government does not act in the upcoming budget.
Dr Steven Enticott from CIA Tax joins Ticker to break down what this inflation spike means for everyday Australians. He also explains why inflation above the Reserve Bank’s target band is particularly significant and how it affects economic planning.
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#AustraliaInflation #EconomicUpdate #Budget2026 #RBA #FinancialNews #BusinessImpact #HouseholdCosts #TickerNews
Money
Wall Street gains momentum amid tech and earnings surge
U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.
U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.
U.S. equities climbed on Monday as Wall Street kicked off a new month of trading. Investors looked past recent losses in silver and bitcoin, with optimism returning to major indices. The S&P 500 rose 0.7%, led by gains in Oracle shares following the company’s announcement to raise up to £50 billion for cloud capacity.
The Dow Jones Industrial Average surged 501 points, while the Nasdaq Composite increased 0.9%. Analysts note that the broader market is showing resilience despite mixed signals from tech and commodities.
More than 100 S&P 500 companies are expected to report earnings this week. Strong growth is predicted, even as some high-profile sell-offs continue to make headlines.
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US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations
The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.
Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.
Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.
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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker
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