Global Stock Market

Japan’s headline inflation gauge rose over the past month, exceeding the 2% target level set by the Bank of Japan. The CPI growth rate, excluding fresh food, accelerated to 2.2% in June annually. This came as energy cost inflation was exacerbated by the weak yen and higher processed food prices. …

The Japanese Nikkei index rose to its highest level in more than 6 weeks at the close on Friday, July 22, supported by gains in growth-related stocks that followed the path of gains on Wall Street in the evening, and the shares of shipping companies, which rose after recording strong …

The Ukrainian Government Commissioner for Public Debt Management, Yuri Potsa, said Thursday, July 21, that Kyiv is talking to major international financial institutions about ways to reduce debt payments soon. The comments came a day after Ukraine demanded its international creditors, including Western powers and the world’s largest investment firms, …

All eyes focused on the ECB on Thursday, amid a series of events taking place in the European Union. The most relevant was the central bank’s monetary policy decision on hiking rates by 50 bps, the first hike in over 11 years, and the awaited move away from negative rates. …

Snap announced the company’s second quarter earnings after the closing bell on Thursday, missing Wall Street’s expectations, so shares fell by 23% in after-hours trading.Average revenue per Snapchat user fell 4.5% year-over-year, and the company said it was not providing Q3 guidance given the current financial climate.Snapchat’s earnings follow the …

Ukraine’s central bank has devalued the country’s hryvnia currency by 25% against the US dollar to help the country deal with the growing economic impact of the war with Russia. The Central Bank of Ukraine said in a statement that it set the new hryvnia rate at 36.5686 to the …

Tesla, on Wednesday after the bell, reported its first sequential decline in quarterly profit in more than a year as it recovers from an extended shutdown at its Shanghai plant. Tesla reported adjusted earnings of $2.27 per share on $16.93 billion in revenue in Q2 2022.Automotive revenues made up $14.6 …

United Airlines on Wednesday edged higher the expected profit milestone in its pandemic recovery. The company announced that there will be scaling back of corporate growth plans through 2023.Strong demand has been reported as well as high costs for fuel and other operation expenses. United reported its first quarterly profit; …

Has America fallen into a recession? This is a question that is becoming too difficult to ignore as the twin upheaval of inflation and recession is looming over asset portfolios, household budgets and pocket books. US prices in June rose the most since 1981. And the expectation of a recession …

The US stock market continued its recent rally on Wednesday’s trading session, with technology stocks jumping. For the entire market, earnings remain in the investors’ focus.Stocks finished higher on Wednesday, adding to sharp gains booked a day before, with corporate earnings from a string of major technology companies in focus.The …