Global Stock Market

The White House memo (noting that US macroeconomic data, including the June jobs report, are not consistent with a recession) was a good attempt to improve market sentiment. The document added that “labour market strength puts the US in a better position than many other countries to transition to lower …

Shares shed early gains and ended broadly lower on Wall Street Tuesday as investors brace for a big week of news on inflation and company earnings reports. The S&P 500 retreated by 0.9%, extending its losing to a third consecutive day. All of the benchmark index’s 11 company sectors closed …

Boeing reported Q2 deliveries on Tuesday. The company’s stock is soaring. The commercial aerospace giant delivered 121 jets in the second quarter, up from 95 in the first quarter of the year.737 MAX deliveries totaled 100 in Q2, up from 81 delivered in the first quarter. Boeing also delivered 40 …

PepsiCo reported strong performance on several fronts. On Tuesday morning, premarket session did not look as positive as Monday’s Wall Street. Awaiting US CPI data has turned Tuesday into a kind of a waiting lounge for the markets. The Earnings season is starting this week, and one of the first …

Gap’s stock slid by 6.3% after CEO Sonia Syngal, who has been in her job for a couple of years, resigned. The former CEO will be replaced by executive chairman and former Walmart executive Bob Martin. The price of Gap stock traded at $8.4 per share following the resignation that …

Japanese stocks fell on Tuesday as a surge in domestic COVID-19 infections sparked fears of a recession and led to a morning sell-off. The Nikkei index closed down 1.77 percent at 2,6336.66 points, after losing as much as 1.99 percent earlier in the session. The broader Topix index fell 1.64%. …

The three major US equity indices drop between 0.29% and almost 2%. Risk-aversion dominates Monday’s trading session. China’s covid-linked fears, in addition to hot inflation drag corporate profits lower as the earnings session approaches. US equities broke five days of consecutive gains, trading lower on Monday, courtesy of risk aversion …

Ukraine’s Agriculture Ministry said Monday (July 11) that grain exports in the first seven days of July, the first month of the new 2022-2023 season, fell 30% year on year to 402 thousand tons. Grain exports for the 2021-2022 season, ending June 30, rose 8.5% to 48.5 million tons, driven …

Japan’s Nikkei index closed higher on Monday after Japan’s coalition government consolidated its majority in the upper house of parliament in Sunday’s election. The Nikkei closed up 1.11 percent at 26,812.30 points, after climbing as much as 2 percent earlier in the session to its highest level since June 13. …

Elon Musk decided that he is no longer interested in acquiring Twitter, so he told the company of terminating their deal on Friday.Although Musk signed a binding merger agreement, he said Twitter is in “breach” for allegedly refusing his information requests and making employee changes. The deal has been tumultuous …