The New York Stock Exchange started trading Thursday in a bearish trend, generally impacted by soaring US Treasury bond yields at the beginning of the current session’s trading.The US stock exchange indices fell to lower levels compared to the positive closing achieved last Wednesday, which came as a result of …
Read More »Japan shares rise at the close after an intense sell-off
Japanese stocks rose at the close on Thursday, with investors buying shares again after a sharp decline in the previous session. Travel-related stocks led the rally, supported by hopes of a recovery in tourism. The Nikkei rose 0.21 percent to 27,875.91 points, recovering from its worst session in three months. …
Read More »US shares stabilize following massive selloff
The Nasdaq Composite closed higher in a mixed trading session on Wednesday as investors tried to find their footing after the biggest one-day drop in more than two years.The modest gains followed a massive sell-off for stocks on Tuesday. The Dow sank more than 1,200 points, or nearly 4%, while …
Read More »IMF’s Georgieva: Central bankers must be stubborn in fighting inflation
International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Wednesday that central bankers must be stubborn in fighting broad-based inflation, as reported by Reuters.“If fiscal policy is not targeted sufficiently, it may become the enemy of the monetary policy, fueling inflation,” Georgieva further added.These comments do not seem to …
Read More »Japanese stocks fall on US inflation data
Japanese stocks hit their biggest drop in three months on Wednesday, tracking Wall Street’s overnight losses on an unexpected rise in US inflation data, while reports of the Bank of Japan’s apparent intention to intervene in the currency market weighed on sentiment. The Nikkei index fell 2.95 percent shortly after …
Read More »European Stocks Sharply Lower On US Inflation Data
European stocks fell on Tuesday as hotter-than-expected US inflation data raised fears about aggressive interest rate hike by the Fed at its upcoming policy meeting, and triggered widespread selling in several sectors while disappointing data from the U.K., Germany and Switzerland also weighed on sentiment.The pan European Stoxx 600 fell …
Read More »US Stocks Collapse Post CPI Report
US stocks have been falling since they took a hard blow by Tuesday’s CPI data in the US for August with equity prices falling at their highest levels in more than 40 years. The Dow Jones Industrial Average fell to 31,497 points after being about 133 points, or 2.8%, from …
Read More »Nikkei tracks Wall Street higher ahead of US inflation report
Japan’s Nikkei closed higher on Tuesday, tracking Wall Street’s gains led by video game company Nintendo, even though investors were cautious ahead of a major US inflation report. The Nikkei index ended trading up 0.25 percent at 28,614.63 points, after rising earlier in the session to 28,659.76 points, its highest …
Read More »S&P 500, Nasdaq, Dow Entrench Rally Softer Dollar
US indices carried over last week’s improved risk appetite and ended in positive territory on Monday, achieving four consecutive days of gains and reaching their best levels in two weeks. The lack of important data on the economic calendar and the generally quiet session due to the Fed’s blackout period …
Read More »US shares broadly rally on positive mood
US shares rose, extending last week’s gains, and the dollar retreated with risk on by expectations that inflation is near peaking. The S&P 500 advanced with 10 of the 11 major industry groups in the green. A gauge of the dollar fell for a second day, as all G-10 peers …
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