Japanese stocks ended slightly higher on Tuesday, supported by gains in chip-related stocks as well as exporters, which rose on the back of the yen’s decline against the dollar. The Nikkei index increased 0.24 percent, closing at 27,885.87, while the Topix index rose 0.12 percent, closing at 1950.22. The dollar …
Read More »Japanese Nikkei index closed higher
Japan’s Nikkei index closed slightly higher on Monday, supported by gains in Fast Retailing, owner of Uniqlo stores, and technology heavyweights. The Nikkei index rose 0.15 percent to close at 27,820.40 points, while the broader Topix index fell 0.31 to 1,947.90 points. In the US, the S&P 500 and the …
Read More »Wall Street Edges Lower On NFP Data
Wall Street’s main indexes opened lower on Friday as better-than-expected job additions in November poured cold water on investor expectations of the Fed its aggressive monetary policy tightening.The Dow Jones Industrial Average fell 129.6 points, or 0.38%, at the open to 34265.45. The S&P 500 fell 36.4 points, or 0.89%, …
Read More »The dollar is near a 16-week low, and the yuan is heading for its biggest weekly gain since 2005
The dollar settled near its lowest level in 16 weeks against a basket of major currencies on Friday, ahead of key data related to the labor market in the United States, while the yuan is heading to record its biggest weekly gain since China revalued its currency in 2005. The …
Read More »Dollar Falls, Wall Street Mixed Ahead of NFP data
The performance of US shares is mixed on Thursday as a selloff in Salesforce impacted the Dow Jones, while traders are busy; digesting a fresh batch of US economic data which generally indicate that the Fed’s interest rate hikes are working towards their aspired target.On Wednesday, US manufacturing activity shrank …
Read More »Wall Street advances on Powell’s dovish signals
Wall Street is rejoicing on the latest comments by Jerome Powell. The S&P 500 has gained the first day in four following significantly dovish comments by Fed’s Jerome Powell confirming that the US Fed will slow the pace of its hawkish rate-hiking that impacted financial and exchange markets.The broad index …
Read More »European markets close higher on Eurozone inflation data
European markets closed higher on Wednesday as November has proved to be a month with robust performance while regional investors reacted to the latest inflation data from the Eurozone for the month.Stoxx 600 closed up 0.6%, adding monthly gains of around 6.1%. Household goods added 2.3% to represent the leading …
Read More »Dow falls 200 points as investors await Powell speech
The Dow Jones Industrial Average fell on Wednesday as Wall Street is walking through ponds of economic data and investors await this afternoon speech on the US economy by Fed Chair Jerome Powell. Powell will give his speech before Brookings Institute.The Bureau of Economic Analysis reported that GDP increased at …
Read More »The Nikkei index is falling for the fourth session
Japan’s Nikkei fell for the fourth consecutive session on Wednesday as data on weak factory production added to fears of a global economic slowdown, while investors await Federal Reserve Chairman Jerome Powell’s speech for clues about US monetary policies. The Nikkei index ended Wednesday’s trading down 0.21 percent at 27,968.99 …
Read More »US Stocks retreat as China Covid concerns ease
US stocks slid on Tuesday as Wall Street continued a slow start to the week, with investors continuing to monitor the latest developments related to the sudden surge of protests in China over the government’s “zero COVID” stance.The S&P 500 was down 0.4% in midday trading, while the Dow Jones …
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