Japanese stocks fell on Thursday, as investors awaited important US inflation data that could influence central banks’ statements around the world regarding interest rate hikes. The Nikkei index started the session higher, but gave up its early gains and fell 0.6 percent to close at 26,237.85 points. The broader Topix …
Read More »CPI Preview: Why does it matter?
Rising rents are expected to represent a considerable factor behind the jump in September consumer prices. The awaited consumer price index will be released Thursday at 8:30 a.m. ET, and it will attract full attention from investors as a key input data ahead of next Fed meeting on November 1 …
Read More »US stocks close lower after FOMC Minutes
US stocks finished lower on Wednesday after the release of the minutes of September FOMC policy meeting, wherein policy makers noted that inflation remained “unacceptably high.”The S&P 500 SPX, -0.33% closed 11.81 points, or 0.3%, lower at 3,577.03. The Dow Jones Industrial Average DJIA, -0.10% finished off 28.34 points, or …
Read More »General Motors launching energy products
The next step taken by General Motors will feature providing new energy products to households, businesses and utilities. Meanwhile, competition is heating between GM and Tesla in the field of making and selling electric vehicles.GM’s new line will be housed under a new business unit called GM Energy and covers …
Read More »Stocks rise as investors await inflation, earnings updates
Stocks escaped an early decline and, instead, marched higher on Wall Street as investors await information on inflation and corporate earnings. worries about recessions are hitting major economies worldwide. The S&P 500 rose 0.6% as of 12:52 p.m. Eastern. The benchmark index fell as a much as 1.2% earlier after …
Read More »Japanese stocks fell to the lowest level in two weeks due to the sale of technology shares
Japanese stocks posted their worst daily performance on Tuesday in more than two weeks as index-heavy tech stocks fell after a sell-off in global markets. Still, travel-related stocks rose when Japan reopened its borders to regular tourism. The Nikkei index fell 2.64 percent after returning to trading from the weekend, …
Read More »China is accelerating the pace to control new Corona cases across the country
Coronavirus cases are increasing across China, prompting many local authorities to tighten control over movement. According to a model from Nomura, about 4.8% of China’s GDP was negatively affected by COVID controls as of Monday, October 10. This is up from 4.3% last week. According to official announcements, three districts …
Read More »Nasdaq closes at 2-year low on falling chip stocks
US Stocks closed lower on Monday. Nasdaq Composite index hit lowest level in two years as tech shares were the hardest blow in the market because of thwarting interest rates exposing the high valuations of such shares and raise their cost of capital.The declines came as JPMorgan CEO Jamie Dimon …
Read More »US Stocks Sink On NFP Data
US stocks fell on Friday as Wall Street weighed the government’s monthly employment report, which revealed how labour conditions remained tight in September, despite a slowdown in hiring; a sign the Fed will proceed with aggressive monetary tightening.The US economy added 263,000 jobs last month as the unemployment rate fell …
Read More »US Nonfarm Payrolls rise by 263,000 in September
Nonfarm Payrolls in the US rose by 263,000 in September, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed August’s increase of 315,000 and came in better than the market expectation of 250,000. Further details of the report revealed that the Unemployment Rate …
Read More »