Global Stock Market

US shares, treasury yields and the US dollar reversed direction and closed lower, Wednesday. The three assets were negatively several by several factors in the markets, most notably the decision by Amazon.com to stop accepting payments with Visa cards in the UK as of 2022 in addition to negative data …

About $25 billion in value erased from Visa’s market cap. Other cards stocks including Mastercard and Amex have declined. Not only did Visa Inc. severely drop on Wednesday, but also dragged down industry peers such as Mastercard Inc., after Amazon had announced it will stop accepting purchases made with the …

The New York Federal Reserve took unprecedented action to stabilize the Treasury market after it was disrupted at the start of the pandemic.Offering a stark reminder that markets need to be strengthened to get prepared for the next big shock, New York Fed Bank President John Williams said on Wednesday.In …

President Joe Biden, Wednesday is planning to tour a General Motors plant in Detroit, Wednesday, as he continues to sell the benefits of the recently signed $1 trillion infrastructure law. Biden is expected to highlight $7.5 billion in the new law automobile technology.Biden on Wednesday will visit a General Motors …

The Dow Jones Industrial Average dropped 150 points Wednesday, as Lucid Motors and Rivian skidded in morning trade. Tesla stock rallied, extending Tuesday’s gains. And Nvidia earnings are due after the stock market close.U.S. shares were trading modestly lower on Wednesday, a day after a positive session on Wall Street, …

According to acting Health Minister Jens Spahn, Wednesday, the current pandemic increased Germany’s economic dependency on China in many sectors.Spahn added that an open discussion is needed on how to reduce an over-reliance on Asia’s rising giant.“We have experienced and had to experience how dependent we have become on China,” …

European shares rose Wednesday, November 17th for the sixth day in a row, approaching their highest levels ever, as some positive business results helped to overcome fears of increasing inflation pressures caused by higher natural gas prices. The Stoxx600 rose 0.1%, after better-than-expected US retail trade data lifted shares on …

Gold prices rose on Wednesday, as concerns about inflation kept some investors wary, but the gains were limited by expectations that higher prices could prompt central banks to raise interest rates, which also lifted the dollar. And gold rose in spot transactions 0.6 percent to $ 1860.21 an ounce by …

Japanese stocks reversed course to close as well on Wednesday 17th November, as concerns about rising costs and a weaker yen outweighed the positive impact of a rally in technology stocks. The Nikkei index fell 0.4% to 2,9688.33 points, while Topix fell 0.6% to 2,038.34 points. Speaking of currency splits, …

The first virtual Chinese-US summit, Tuesday, shadowed the markets as investors eyed easing tensions between the two world’s biggest economies. US President Joe Biden said that he had a “good meeting” with Chinese counterpart Xi Jinping, in which the two leaders discussed tariff and economic competition among other issues after …