Shares of the mining and trading giant hit highest since 2012 as demand prospects fuel talk of years-long commodity super-cycle.Commodities giant Glencore Plc hit the highest in almost a decade, driven by rallies in everything from metals to coal and optimism for a years-long super-cycle.The world’s biggest commodity trader surpassed …
Read More »US Stocks Fall As Bond Yields Surge
Wall Street is off to another day in the red territory at the start of the shortened trading week as investors are grappling with earnings seasons and rising Treasury bond yields.All three major indexes opened lower, with the Dow down 400 points, or 1.1%. The broader S&P 500 dropped 1%, …
Read More »The Nikkei index fell after the release of BoJ
The Nikkei index declined at the end of trading Tuesday, due to the rise in the US Treasury bond yield, which caused a selling wave in heavyweight stocks, and after the Bank of Japan raised its inflation expectations. Shuichi Arissawa, director of investment research at IwaiCosmo Securities, said in comments …
Read More »Meet Mohamed Hashad on Dubai TV 01/17/2022
Director of Research and Development at Noor Capital and member of the US Association of Professional Technical Analysts, Mohamed Hashad, was interviewed Monday morning by Dubai Channel to comment on the most outstanding developments in the financial markets during the second week of 2022, as oil continued to reap gains …
Read More »Japan PM: Coronavirus Response is Government’s Highest Priority
Japanese Prime Minister Fumio Kishida said on Monday that the coronavirus response is the government’s highest priority, as reported by Reuters. “Serious shortage of hospital beds needs to be avoided at all cost,” Kishida added and noted that they will bring forward COVID-19 vaccination booster shots for the elderly and …
Read More »Market Drivers – US Session – 14 January
US stocks ended mixed on Friday at the end of a volatile week, with investors and traders busy digesting a mixed set of bank earnings and a bigger-than-expected drop in U.S. retail sales. The S&P 500 and Nasdaq closed at the highs of the trading day. The Nasdaq fluctuated between …
Read More »US Shares Exhibits Choppy Performance As Tech Outperforms Value
Friday’s session exhibited mixed performance. It has been a choppy day for US equity markets, with tech and growth stocks doing better while value did worse.Nasdaq 100 outperformed, gaining 0.5%, whilst the Dow underperformed, shedding 0.7%. It was a choppy and mixed session in US equity markets, marked more by …
Read More »Fed’s Speakers Focus on Omicron, Hot Inflation, Supply Chain Bottlenecks
Federal Reserve Bank of San Francisco President Mary Daly said on Friday that the latest Omicron wave will extend the time period that inflation will remain high. Federal Reserve Bank of New York President John Williams said on Friday that he expects the Omicron wave to temporarily prolong and intensify …
Read More »Wells Fargo: US Industrial Production Still a Supply Problem
Industrial Production in the US dropped unexpectedly 0.1% in December. Analysts at Wells Fargo explain the decline took place despite indications that wait times are shortening and other signs of initial improvement with the supply chain problem.Key Quotes: “Total industrial production edged slightly lower in December with a 0.1% decline …
Read More »Japanese Stocks Close Lower Following Wall Street
Japan’s Nikkei ended the session lower on Friday after Wall Street tumbled overnight as concerns about the impact of the coronavirus pandemic dented omicron’s effect on risk appetite. The Nikkei closed down 1.28 percent, recording 28,124.28 points, after dropping more than two percent to approach its lowest level in four …
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