Japanese stocks closed higher on Wednesday, tracking gains made by Wall Street after US companies reported strong financial results. The Nikkei index rose 0.37 percent and remained significantly higher than a basic sentiment level of 27,000 points throughout the day, without any indications of the volatile trading witnessed in the …
Read More »Goldman results stir optimism in Wall Street
US stock indexes rose on Tuesday as strong results from Goldman Sachs calmed worries of a substantial hit to profit from accelerating interest rate hikes, but a rise in government bond yields pushed mega cap growth stocks lower.Goldman Sachs Group gained 2.5% after reporting a smaller-than-expected drop in quarterly profit …
Read More »Lockheed Martin earnings beat expectations
Lockheed Martin’s third-quarter earnings report indicated that it beat analysts’ expectations. The report was released on Tuesday and the company posted revenue less than expected. Earnings per share amounted to $6.87, while revenues were recorded at $16.60. According to the report, Lockheed Martin shares gained 0.70% to trade at $400.10 …
Read More »Wall Street stocks reverse worst Friday downtrend
Wall Street stocks rallied and stayed strong throughout the US trading session. UK political developments in addition to Monday’s softer US dollar and global yields helped to boost risk appetite amid strong corporate earnings. The US dollar slid into support on the daily chart, as illustrated below, while the 10-year …
Read More »BofA earnings beat expectations thanks to high-interest rates and volatile markets
Bank of America said Monday, October 17th, that earnings and earnings beat expectations for fixed income earnings and interest earnings in the third quarter, thanks to volatile markets and higher interest rates. The bank said its third-quarter profit fell 8% to $7.1 billion, or 81 cents a share, as the …
Read More »Ukraine’s grain exports in October are almost back to their pre-war levels
Ukraine’s grain exports in the first 17 days of October were 2.4% lower than the same period in 2021, data from the Ukrainian Ministry of Agriculture showed on Monday, October 17, despite the closure of many seaports and the Russian invasion. The country’s grain exports have fallen since February after …
Read More »US banks’ profits slide on negative economic expectations
Q3 earnings and profits slid at Wall Street’s biggest banks as they anticipate weaker economy while investment banking was hit hard, but investors saw a small glimpse of light with some banks beating estimates.Central banks fight inflation which is expected to cause an economic slowdown. Fed raised interest rate from …
Read More »US Stocks slide amid market volatility
Stocks retreated on Friday, and generally gave up earlier gains during the session one day after posting a historic turnaround rally as investors digested inflation expectations.The Dow Jones Industrial Average fell 283 points, or 0.94%. The S&P 500 shed 1.82%, and the Nasdaq Composite slipped 2.32%.Stocks fell to session lows …
Read More »Japan shares rise to the highest level in 7 months
Japanese stocks rebounded on Friday, boosted by the strong performance of Fast Retailing as investors appeared to ignore US inflation data that fueled bets for a US Federal Reserve interest rate hike next month. The Nikkei average rose 3.25 percent to 27,090.76 points, its biggest daily percentage gain since March …
Read More »US stocks find surging momentum on US CPI
US stocks are strongly back into the green territory, putting on a short squeeze following the pre-market and opening selloff that ensued on the back of hot Consumer Price Index data. Stocks plunged to lows for the year but bulls moved in at a big discount, sending the Dow Jones …
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