The index of U.S. consumer confidence rose to 113.8 in October from a revised 109.8 in September.The index has risen in October for the first time in four months, since June to 113.8 as concerns around the delta variant eased.The Conference Board’s index advanced to 113.8 from an upwardly revised …
Read More »US Indices Rise on Corporate Results
US stock futures rose in morning trading on Tuesday as investors awaited a streak of major technology gains as the broader market hit a record high, and Dow Jones futures rose nearly 114 points. The S&P 500 and Nasdaq 100 futures were also trading solidly in positive territory.The shares of …
Read More »Oil Prices Fall Amid Fears of a Global Economic Slowdown
Oil prices continued to decline for the second day in a row, after the strong gains they achieved at the end of last week’s trading. Pressures on oil prices increased at the beginning of this week after a number of reports were issued by investment banks and institutions warning of …
Read More »Nikkei Rises, Supported by Wall Street Gains
The Nikkei average rose on Tuesday, boosted by optimism about corporate business results, and after overnight gains in US, stocks pushed the Dow Jones Industrial Average and Standard & Poor’s 500 indexes to record levels. The Nikkei closed up 1.8 percent to 29106.01 points, after rising at the open and …
Read More »Market Drivers – U. S. Session 25-10-2021
Gold prices, Monday, sum up the whole market scene in terms of market sentiment and risk appetite. The yellow metal rose about 1% as a retreat in U.S. bond yields and persisting worries about inflation lifted the safe-haven asset ahead of major central bank meetings later on during the current …
Read More »Will Evergrande become an electric carmaker?
China’s Evergrande is starting to pay its overdue debt and restart some of its stalled real estate projects, but it is signaling that it wants to move away from housing and focus on building electric vehicles.According to Chinese state media, Chairman Xu Jiayin announced that the firm wants to make …
Read More »Why is IFO Business Index for Germany Disappointing?
The IFO Institute’s Business Climate index for Germany declined to 97.7 in September, which is significantly below expectations of a 98.2 result. The unexpected drop in business sentiment was the fact that the August reading for the index released in September was revised slightly upward to 98.9 from 98.8.This forex …
Read More »U. S. Shares continue surging on corporate earnings
U.S. stocks rose as traders watch earnings reports from technology heavyweights including Facebook, while keeping in mind inflation-related concerns and rising Covid-19 risks. Energy and materials sectors are on the lead of the S&P 500 higher after the index whipsawed traders at the start of Monday’s U. S. session. PayPal …
Read More »MagnaChip semiconductor shares surge backed by revenues
Shares of South Korean semiconductor manufacturer MagnaChip Semiconductor jumped out of the gate Monday and are up 4.3% after the company crushed its Q3 earnings report versus $0.22 per share on $126.9 million in sales.As financial statements were announced, the company reached that sales target, booking $127 million in revenue. …
Read More »Tesla hits $1 trillion in market value
Tesla shares surged Monday, briefly lifting the electric carmaker’s market value above $1 trillion, as investors shrugged off criticism from a U. S. safety official of the fast growing organization.Near 1700 GMT, shares of Tesla were up almost nine percent at $990.95, giving it a market capitalization of just under …
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