US stocks moved higher during early Wednesday’s US session as Wall Street witnessed strong earnings from Nike and FedEx. These earnings boosted investors looking to fight back recent extensive selling. The S&P 500 rose 1.1%, while futures on the Dow Jones Industrial Average jumped more than 400 points, or 1.3%. …
Read More »Japanese government bond yields are rising and stocks are falling
Yields on Japanese government bonds rose and the Nikkei fell on Wednesday after the Japanese central bank surprised the markets on Tuesday with a change in its policy to control the yield curve. The benchmark 10-year government bond yield jumped seven basis points to 0.480%, its highest since July 2015 …
Read More »What is behind US stocks’ recovery on Tuesday?
The major US benchmarks are trading up as investors buy ahead of new year holidays. The major US Indexes are moving higher on Tuesday as stocks struggle to hold their gains ahead of the Christmas. However, the limited rebound is considered as a sign that New Year’s Rally is imminent.Equities …
Read More »Japan’s Nikkei closes at its lowest level in two months
The Japanese Nikkei index ended trading on Tuesday at its lowest level in two months, and the yield on government bonds for ten years recorded the highest rise in seven years, after the central bank surprised investors by allowing a hike in long-term interest rates. The Nikkei fell 2.46 percent …
Read More »Wall Street retreats on persisting recession worries
Wall Street equities were in the red territory on Monday. Nasdaq was leading the prevalent declines as investors’ worries accelerate concerning Fed’s monetary policy tightening that could drag the US economy into a recession.The S&P 500, the Dow Industrials and the Nasdaq have sold off sharply for December, on track …
Read More »Japan’s Nikkei closes at a 6-week low, and bank stocks rise
Japan’s Nikkei index ended Monday’s trading at a six-week low, tracing the impact of Wall Street’s decline in the previous session, while bank stocks rose on speculation of an interest rate hike in the country. The Nikkei fell 1.05 percent to close at 27,237.64 points, its lowest level since November …
Read More »Stocks sink on further bad news about US economy
US equities sank on Friday. US equities are also heading towards a second-straight weekly loss, as more negative and disappointing news on the US economy accelerate a sure decline. The S&P 500 Index and Dow Jones Index were lower around 1.5%, while the Nasdaq fell 1.3%. Earlier in the session, …
Read More »US Stocks extend weekly losses on future rate outlook
US stocks fell on Wall Street on Friday after the Fed raised its forecast for how high it will ultimately push interest rates and attempted to assist investors’ hopes that rate cuts may happen next year. Stocks fell on Wall Street on Friday as worries grew that the Federal Reserve …
Read More »Japan’s Nikkei closed at its lowest level in a month
Japan’s Nikkei index closed at its lowest level in more than a month on Friday, tracing sharp declines on Wall Street overnight, as major central bank decisions to raise interest rates stoked fears of an economic slowdown. The Nikkei closed down by 1.87 percent, recording 27,527.12 points, the lowest closing …
Read More »Nikkei closed at a two-week high amid hopes of a slowdown in US interest rate hikes
Japan’s Nikkei average closed at a two-week high on Wednesday, tracking Wall Street’s gains as lower-than-expected US inflation data reinforced expectations that the Federal Reserve may ease the pace of interest rate hikes. The Nikkei rose 0.72% to 28,156.21, its highest close since December 1. The broader Topix index rose …
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