Japan’s Nikkei closed lower on Thursday, as Tokyo Electron and Advantest led chip-related stock losses after Micron Technology cut memory chip supplies and capital spending, while travel stocks jumped thanks to an increase in foreign tourists. Micron was the first major chip maker to sound the alarm about falling demand …
Read More »Stocks slide on firm dollar, retail sales data
Global stocks slid from two-month highs and dollar maintained its safe-haven standing and managed to steady on Wednesday after stronger-than-expected US retail sales clouded the Fed’s inflation outlook and hopes that the Fed could ease its hawkish interest rate hikes.Stocks in Europe pared overnight losses in Asia after Poland’s president …
Read More »White House Holds Russia As Responsible For Poland’s Tragic Incident
On Wednesday, the White House has not seen anything that contradicts Poland’s preliminary assessment that a missile that landed within its borders on Tuesday was most likely the result of a Ukrainian air defense missile, according to US National Security Council spokesperson Adrienne Watson.“Whatever the final conclusions may be, it …
Read More »US Industrial Production Preview
US October Industrial Production will be reported on Wednesday, November 16 at 14:15 GMT and is expected at 0.2% month-on-month vs. 0.4% in September. Here you can find the expectations as forecast by the economists and researchers of three major banks regarding the upcoming data. Citibank “Industrial Production should rise …
Read More »The Nikkei closed higher as fears of an escalation in the Ukraine crisis dissipated
Japan’s Nikkei index recovered losses to end higher on Wednesday, after fears of an escalation in the Ukraine crisis faded after US President Joe Biden said an explosion in NATO member Poland may not have been caused by a missile fired from Russia. The Nikkei index increased by 0.14 percent, …
Read More »US Stocks Close Higher on PPI Data,
Wall Street closed higher on Tuesday as investors maintained positive sentiment about additional signals that US inflation is easing and amid good earnings reports, but retreated from the day’s high after reports of a missile strike in Poland.NATO and the Pentagon said they were looking into unconfirmed reports that two …
Read More »Poland’s strike reports put influence Wall Street, S&P 500 pops
A Polish reporter was quoted on the blasts tonight as saying, ”My sources in the services say that what hit Przewowo is most likely the remains of a Russian rocket shot down by the Armed Forces of Ukraine.”US stocks are rallying on the relief of the prospects that this is …
Read More »Japan shares close higher despite sudden economic downturn
Japanese stocks rose on Tuesday, with investors holding on to shares that fell sharply, even as data showed a surprising economic contraction. The Nikkei index rose 0.1 percent to close at 27,990.17 points, while the broader Topix index rose 0.37 percent to 1964.22. Japan’s economy unexpectedly contracted for the first …
Read More »US shares trim earlier declines after Brainard’s remarks
US stocks pared earlier declines after Fed Vice Chair Lael Brainard said that it would be appropriate “soon” for the central bank to slow its pace of interest-rate hikes.The S&P 500 fell 0.1% after struggling for direction earlier in the session. The tech-heavy Nasdaq 100, which is typically more sensitive …
Read More »OPEC cuts global demand growth forecast again as economic challenges escalate
On Monday, OPEC lowered its forecast for global oil prices in 2022, the price of oil in car prices. The Bureau of Petroleum Exporting Pictures (OPEC) said in a monthly report that oil demand in 2022 will rise by 2.55 million barrels per day, or 2.6 country houses. OPEC Oil …
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