Global Stock Market

The Nikkei index retreated from mid-session gains, to close lower on Tuesday, November 9, pressured by the rise in the yen and some disappointing business results, but the rise of technology shares led by Softbank Group limited losses. The Nikkei index closed down 0.75% to 29285.46 points, after rising 0.82% …

Weaker USD profile prevailed all through the U. S. trading session on Monday. The GBP/USD pair has jumped to 1.3530-35 by weaker USD and EUR/USD was another pair that similarly benefited from the same reason, while Treasury yields continued surging and Gold touched fresh highs. Inflation is still impacting monetary …

Banks largely eased credit standards for businesses, commercial real estate investors and households in Q3, as the U.S. economy weathered the latest wave of the coronavirus pandemic, a Federal Reserve survey reported on Monday.The Fed’s Senior Loan Officer Survey, offering evidence of continued economic momentum, said banks “generally reported having …

The Federal Reserve Bank warned on Monday that stresses in the Chinese real estate sector posed risk to the US financial system, pointing out that the impact of the heavily indebted property companies like Evergrande could be a potential source of worldwide contagion.“Given the size of China’s economy and financial …

The S&P 500 has edged higher in the New York session, up by 0.08%, to settle at 4,701.The Dow Jones Industrial has added 0.23%, up to 36,412, while the Nasdaq has fallen by 0.01%, at 16,358. Positive U. S. jobs data last Friday, in addition to tapering by the U. …

Carmaker’s chief executive Elon Musk asked Twitter users whether he should sell 10% of his Tesla stock. Tesla will move its headquarters to Austin, Texas, said CEO Elon Musk, comparing the current crowded operations at the factory in Fremont, Calif., to “spam in a can”.Musk said the electric-vehicle maker would …

The Bank of England’s governor, Andrew Bailey, has stated in recent trade that the U. K. will have to act with rates if there is evidence of higher inflation expectations impacting workers’ wages.Key comments by BoE’s Bailey:Much of rise in inflation has to do with reopening after lockdowns.What we are …

The Bank of England will not politicize how it supervises foreign clearing houses with confronting responses to whatever the European Union decides, a senior BoE official said on Monday.Christina Segal-Knowles, the BoE’s executive director for financial market infrastructure, pointed out in a public consultation paper how the central bank will …

Fed Chair Jerome Powell spoke, Monday, before the “Gender and the Economy Conference”, a symposium hosted by the Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, Washington, D.C. (via webcast). Following is the full text of Powell’s speech: Good morning. I am pleased to …

In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. USD Hashad pointed out that last week was one of the most critical weeks ever in November, as there were major statements from the Central Banks, most …