Several European indices hit record highs on Tuesday, buoyed by signs of easing tensions between the United States and China, solid business results, and dovish comments from the European Central Bank chief. The pan-European Stoxx 600 index rose 0.1 percent by 0829 GMT, adding to the recent record gains, as …
Read More »Japanese Stocks Close Slightly Higher in Limited Trading
Japanese stocks closed slightly higher on Tuesday, erasing most of their gains during the day due to the lack of any market movement news, but gains by companies with positive expectations supported the overall trend of stocks. The Nikkei index rose 0.11 percent to 29,808.12 points, while the broader Topix …
Read More »Biden Signs Infrastructure Bill Into Law
The bipartisan $1.2 trillion infrastructure bill has been signed into law by US President. Roads and bridges represents $110 billion investment, below the $159 billion initially requested per Biden’s Jobs Plan.The White House says it would be the largest dedicated bridge investment since the 1950s.$16 billion cover major projects as …
Read More »Tesla Made Significant Midday Comeback
On Monday, Tesla shares staged a remarkable U. S. session’s midday comeback after selling off in heavy volume. Tesla shares traded down 1% after paring deeper losses of nearly 5%. CEO Elon Musk sold $6.9 billion worth of Tesla shares last week. This is estimated to be one of the …
Read More »Why Do Markets Await RBA’s Minutes?
The Reserve Bank of Australia will release the minutes of its monetary policy meeting on Tuesday, two weeks after the interest rate decision was announced. The minutes provides a detailed insight on the discussions held between the RBA’s board members on monetary policy and economic conditions that influenced their decision …
Read More »US Shares Bounce Over US and Chinese Data
Major stock indexes edged higher in early trading, then continued to rise boosted by improved Chinese data, led by retail sales’ rising to 4.9% October, compared to the previous reading of 4.4%, above the expected 3.5%.The US data also showed an improvement at the level of the manufacturing sector, which …
Read More »Business Experts Urge Biden to Rid of China’s Tariffs
Ahead of President Joe Biden’s virtual summit with Chinese President Xi Jinping, tens of businessmen are calling on Joe Biden to remove tariffs on China to help ease historic levels of inflation.The business community warned tariffs on China and retaliatory levies are hurting U. S. companies, industries and families by …
Read More »US Stock Futures Are Marginally Higher in Today’s Trading
Futures rose during the last hour of trading, with the Dow Jones DJIA gaining about 102 points, the S&P 500 futures gaining about 10 points, and the Nasdaq 100 futures contracting up about 38 points. US stock futures settled in early morning trading on Monday, after the Standard & Poor’s …
Read More »European Shares Fall on Fears of Closing And Mining Stocks Decline
European shares got off to a lukewarm start to the week as investors worried they might resort to shutdowns again to contain COVID-19, with miners the biggest losers in the wake of the metals price crash after China promised to phase out coal at the COP26 climate summit. The Stoxx …
Read More »Japan’s Economy Shrinks More Than Expected in Q3
Japan’s economy contracted faster than expected in the third quarter of 2021 as global supply disruptions and new COVID-19 cases impacted business and consumer spending, posing challenges to the new government’s plans in Tokyo for growth. Preliminary GDP data showed Japan’s economy contracted at an annual rate of 3% during …
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