European shares rose on Wednesday after posting their biggest two-day gain in more than a year, as shares in sectors that are usually stable in times of crisis rose as investors weighed the effectiveness of available vaccines against the new mutated Omicron from the Coronavirus. The pan-European Stoxx 600 index …
Read More »Japan’s Economy Shrank 3.6% Yoy in Q3
The Japanese economy contracted in the third quarter of 2021 by 3.6% on an annual basis and 0.9% on a quarterly basis, due to a decline in per capita consumption, which constitutes one of the basics of the equation for calculating the GDP of countries. This per capita consumption decreased …
Read More »Japan Shares Extend Gains as Omicron Fears Recede
Japanese stocks jumped on Wednesday as investors raised hopes that the impact of the omicron on the global economy will be less than initially expected. The Nikkei average rose 1.4 percent to 28,860.62, its highest closing level since November 25. The broader Topix index advanced 0.6 percent to 2002.24 points. …
Read More »Market Drivers – US Session – 7-12-2021
President Joe Biden told Russian Counterpart Vladimir Putin that the United States is prepared to launch strong economic measures in case Russia decides to invade Ukraine. The Bank of Canada is expected to keep the major part of focused spotlight on inflation at its policy decision, as the country’s central …
Read More »Tech, Auto Help European Shares’ Best Gains in One Year
European stocks jumped 2.5% on Tuesday, boosted by a solid rebound in technology shares as worries somewhat eased over the Omicron coronavirus variant, while German shares surged close to 3% led by automakers.Likewise, the continent-wide STOXX 600 Index witnessed its best session since last November, bouncing back to levels before …
Read More »Wall Street Leaps On Tech, Chipmaker Shares
Wall Street’s main indexes are strongly leaping on Tuesday, with the Nasdaq surging 3% as investors piled onto beaten-down quality technology stocks, while Intel jumped after plans to take its self-driving car unit public.The chip giant’s (INTC.O) decision to list Mobileye in the United States in mid-2022 was met overwhelmingly, …
Read More »Dow Jones Pushed Higher By Tech Shares
The Dow Jones Industrial Average rallied 400 points early Tuesday, as the stock market began to add to Monday’s strong gains. Traders and investors suggest that Monday marked Day 1 of a new rally attempt on the Nasdaq.Apple has touched fresh highs, while Tesla stock rebounded from a critical support …
Read More »Nikkei Makes Biggest Jump in a Month as Omicron Fears Eased
Japan’s Nikkei index posted its biggest gain in more than a month on Tuesday, as concerns about the impact of the mutated Omicron strain of the coronavirus eased, encouraging investors to buy stocks such as SoftBank Group and travel-related shares. The Nikkei average rose 1.89% to 28,455.60 points, its biggest …
Read More »Why Are Pfizer Shares Losing Today?
Shares of the COVID-19 vaccine makers Pfizer, Ocugen, and Vaxart are all moving in the negative direction on Monday. Specifically, Pfizer’s stock is down by approximately 4%, Ocugen’s equity is in the red by 5.64%, and Vaxart’s shares are underwater by a hefty 8.7%, as of 12:23 p.m. ET Monday …
Read More »European shares bounce on hopes Omicron may be mild
Travel stocks helped European shares mark a strong start to the week on Monday, after sharp losses late last week, boosted by hopes that the Omicron variant of the coronavirus would be mild.After third straight week in the red territory, the pan-European STOXX 600 (.STOXX) closed up 1.3%. The technology …
Read More »