Japan’s Nikkei index closed at a more than 31-year high Tuesday, September 14th, led by cyclical stocks that tracked Wall Street’s gains, while progress in a domestic vaccination campaign boosted hopes of reopening the economy. The Nikkei index rose 0.73% to close at 3,0670.10 points, its highest level since August …
Read More »Dubai TV Interview, Sept 13, 2021
Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, discussed the current situation across global markets, with anticipation for a number of developments over the course of the week. The U.S. Inflation We can say that inflation levels are the main driver of …
Read More »Japan’s Topix Index Reaches a 3-Decade High
Japanese stocks rebounded in late trading, pushing the Topix index to a three-decade peak Monday, September 13th, buoyed by optimism surrounding the country’s prime minister change and a drop in COVID-19 infections. The Topix index recorded a rise in the last 30 minutes of trading and ended the session with …
Read More »Japan’s Topix at Its Highest Level Since 1990
Japan’s Nikkei hit a six-month high, and the broader Topix touched its highest level since 1990, continuing its rally since the end of August on hopes of a new government formation and a further improvement in profits. News that US President Joe Biden and his Chinese counterpart Xi Jinping held …
Read More »Nikkei Retreats From 6-Month High on Fears of Slowing Growth
The Nikkei index fell from a six-month high to close lower on Thursday, in line with global markets as fears grew of slowing economic growth due to the mutated delta strain of the rapidly spreading Coronavirus. The Nikkei closed down 0.57 percent at 30,008.19 points, halting eight consecutive days of …
Read More »Nikkei Closes at Nearly 6-month high on Bargain Hunting For Cheap Stocks
On Wednesday, the Nikkei average closed at its highest level in nearly six months as investors bought cheap shares on the hope of an economic recovery, while SoftBank shares jumped thanks to a revenue-sharing deal with Deutsche Telekom. The Nikkei rose 0.89 percent to 30,181.21 points, its highest level since …
Read More »GBP/USD Down for Second Day in Row
The British Pound (GBP) extended its losses against the rising U.S. Dollar (USD) for the second consecutive session. The GBP/USD pair lost 0.38% to reach 1.3785, logging its largest single-day decline since August 26. Markets are closely anticipating the upcoming policy meeting for the Bank of England (BoE) later this …
Read More »USD/JPY Finishes with Best Gains in a Month
The U.S. Dollar rose on Tuesday against the Japanese Yen (JPY), for the second day in a row, with investors adjusting their positions ahead of a global slew of major economic data and monetary policy decisions. The USD/JPY pair rose 0.40% to 110.28, accordingly the pair managed to maintain the …
Read More »EUR/USD Finishes Lower for the Second Day
The Euro (EUR) declined on Monday against the rising U.S. Dollar (USD), for the second consecutive session. The EUR/USD pair lost 0.24% to reach 1.1843. The pair marked its worst daily performance since August 19, a day after its first loss since August 26. It is worth noting that the …
Read More »Nikkei Rises 0.76% at The Beginning of Trading in Tokyo
The Nikkei average rose in early trading on the Tokyo Stock Exchange on Tuesday. The Nikkei rose 0.76 percent to 2,9883.92 points, while the broader Topix index rose 0.75 percent to 2056.45 points.
Read More »