Stocks are churning in mixed trading on Wall Street, Friday, following a disappointing jobs report, as markets continue to twirl at the tail end of a dizzying week.The S&P 500 was 0.1% lower, as of 9:50 a.m. Eastern time, after an early 0.7% gain quickly vanished. It’s coming off a …
Read More »Japan’s Nikkei Reverses Its Trend And Closes Higher
Japan’s Nikkei index reversed course to close higher on Friday, led by travel and leisure stocks, as investors cashed in on battered stocks amid concerns about the impact of the mutated Omicron strain of the coronavirus. The Nikkei rose 1%, the largest percentage increase in three weeks, to close at …
Read More »Market Drivers – US Session – 2 Dec. 2021
The outlook for the US economy is still clouded by the emergence of Omicron strain, this may see the US’s renewed lockdown which would benefit the Swiss franc and other safe havens. Optimism is struggling to find its way through uncertainty ahead to global financial markets until Thursday’s session closing. …
Read More »S&P 500 Recovers Amid Unpredictable Market
US equity market conditions remained for the most part uneven and unpredictable on Thursday and the S&P 500, which sold off sharply into the Wednesday closing the session under the 21-day moving average in the 4510s, bounced in early Thursday trade and now trades nearly 1.7% higher on the day …
Read More »US Shares Rise After Omicron-Driven Selloff
Stocks jumped Thursday, continuing a unrestrained week for markets driven by uncertainty about the potential impact of the Omicron strain on public health and the economic recovery.Shares rose, with the S&P 500 and Dow Jones more than recouping Wednesday’s losses as of late afternoon. All 11 sectors of the S&P …
Read More »European Shares Slip as Technology And Tourism Stocks Fall
European shares fell on Thursday, following in the footsteps of US stocks Wednesday night, due to uncertainty regarding the coronavirus pandemic and the prospect of an early interest rate hike. The pan-European STOXX 600 index was down 1.1 percent, after experiencing its best session in nearly six months on Wednesday. …
Read More »Japanese Stocks Close Lower on Omicron Fears
Japanese stocks closed lower Thursday, December 2, weighed by concerns about the economic impact of the new mutated Omikorn outbreak of the coronavirus and the Federal Reserve’s shift in monetary policy. The Nikkei index closed down by 0.65%, recording 27753.37 points, falling by 1.04% earlier in the session. The broader …
Read More »First US Omicron Infection Pulls US Shares Down
US shares have surrendered much of their pre-market gains. The S&P 500 index fell under 4600 and is now just 0.4% higher on the day having been as much as 1.9% higher earlier in the session.The Nasdaq 100, meanwhile, has pared back on gains that had been as much as …
Read More »US Manufacturing PMI Rises In November
According to a survey compiled by the Institute of Supply Management, released Wednesday, US Manufacturing PMI rose to 61.1 in November from 60.8 in October. That was slightly above the expected reading of 61.0 and above October’s reading at 60.8. The employment index rose to 53.3 from 52.0, the new …
Read More »European Shares Start December Higher, Eyes Focused on Omicron’s Fallout
European shares rose on Wednesday as bargain hunters returned from the November turmoil, but investors remain concerned about whether the emergence of the new mutated Omicron from the coronavirus will affect economic activity in the winter months. The pan-European Stoxx 600 index rose 0.8 percent by 0816 GMT, following in …
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