Global Stock Market

U.S. business inventory accumulation increased solidly in August, though motor vehicle retailers continued to struggle to restock amid an ongoing global semiconductor shortage, which is forcing automobile manufacturers to cut production.Business inventories rose 0.6% after a similar gain in July, the Commerce Department said on Friday. Inventories are a key …

Consumer sentiment in the U.S. slightly and unexpectedly decreased in early October as the spread of the Covid-19 Delta variant and supply-chain strains impacted the Americans’ mood.Americans grew more concerned about both current conditions and the economic outlook. The preliminary estimate of the index of consumer sentiment released Friday by …

Receipts have broadly increased, led by sporting goods and hobbies. Autos surprise with 0.5% increase after 3.3% decline in August. U.S. retail sales achieved 0.7% gain in September.U.S. retail sales unexpectedly increased last month in a broad advance, suggesting resilient demand for merchandise even as production constraints limit supply according …

European stocks are headed for their best weekly performance in 7 months as strong earnings reports helped reassure investors and calm concerns about rising inflation. The pan-European Stoxx 600 index rose 0.4%, heading towards ending the week 2.3% higher, buoyed by a significant improvement in investor risk appetite in the …

The Nikkei index achieved its first weekly gain in four weeks, after jumping at the close of today’s session. The Nikkei index rose 1.81% to close at 29068.62 points, its highest level in more than two weeks, while the broader Topix index rose 1.86% to 2023.93 points. This week, the …

Once again, on Thursday, inflation related concerns were steering investors’ decisions on picking safe haven assets away from interest bearing investments.Speaking to a virtual gathering of the Euro50 Group on Thursday, St. Louis Fed President James Bullard described the inflation trend as “concerning.”U.S. shares surged Thursday reacting to banks’ strong …

U.S. shares surged Thursday reacting to banks’ strong quarterly results. Dow Jones rose 533 points, or 1.55%, while the S&P 500 index advanced 1.71% to post its best day since March and the Nasdaq Composite index tacked on 1.73% for its best session since May.Strong gains came as jobless claims …

Citigroup and other major U.S. banks said customer spending has eclipsed pre-pandemic levels.U.S. stocks jumped Thursday, bolstered by better-than-expected earnings and economic data that helped ease investor concerns about inflationary pressures and a slowdown in growth.Wall Street is booming, or at least parts of it are. Merger mania and stock …

Wall Street’s main indexes rallied on Thursday, boosted by technology stocks and strong quarterly results from Bank of America and Walgreens, while better-than-expected economic data eased some concerns about higher inflation.At 12:08 p.m. ET, the Dow Jones Industrial Average was up 499.56 points, or 1.45%, at 34,877.37, the S&P 500 …

The inflationary uptrend in the United States is still dominating according to the Producer Price Index. The PPI surged 8.6 percent in September from the same period a year ago. That’s the biggest jump on records dating back to 2010.Producer prices rose only 0.5 percent in September. That was lower …