Global Stock Market

Global shares were mixed Thursday over a worrying report on U.S. inflation, released Wednesday, that slammed into the bond market and knocked stocks lower on Wall Street.France’s CAC 40 edged up 0.1% to 7,050.48 in early trading, while Germany’s DAX lost 0.2% to 16,033.55. Britain’s FTSE 100 added 0.3% to …

U. S. shares opened mostly higher on Wall Street Thursday a day after a surge in inflation knocked the market lower. Big tech companies had some of the strongest gains in the early going. The S&P 500 was up 0.2% and the tech-heavy Nasdaq rose 0.7%.The Dow Jones slid 0.2%, …

US stock futures rose marginally in trading on Thursday, after a massive sell-off in US technology shares. The Dow Jones Industrial Production Index futures rose 41 points, or 0.11%, to 36,033 points, the S&P 500 index rose to 4,656 points, an increase of 14 points, or 0.3%, and the Nasdaq …

General Motors Co is seeing a better flow of semiconductors, and most of its assembly plants in North America are now back to running regular production, including Mexico, according to GM spokesperson.

Having earlier showed readiness to fight inflation, U. S. President Joe Biden reiterated, Wednesday, that the consumer prices remained too high during early Thursday morning in Asia.“People remain unsettled about economy due to higher prices”, added Biden. He also said “I’m not waiting to sign a bill to improve the …

Hotter than expected Consumer Price Index reading for October and news that Evergrande again defaulted debt payment grace period were factors that pulled U. S. stocks down on Wednesday.The S&P 500 index is down 0.7%, CPI has jumped 0.9% after climbing 0.4% in September, the Labor Department said. This was …

On Wednesday, yield on Treasury notes, which often rises when investors anticipate tighter central bank policies, rose back toward highs for 2021, near 0.5%, compared with 0.409% at Tuesday’s close. The U.S. inflation rate reached a 13-year high recently, triggering a debate about whether the country is entering an inflationary …

Gold hit a fresh multi-month high of $1,868.54 an ounce, its highest since last June. Gold surged on the back of higher-than-anticipated US inflation data encouraging speculations the U. S. Fe will have no choice but to hike rates sooner.The XAU/USD Index retreated from the mentioned high on the broad …

According to Wall Street Journal, cost pressures are depriving Democrats of the political benefits of the strong U. S. economy. Today, jobs and wages are growing rapidly, the stock market is at records on the back of positive corporate earnings and the public is optimistic about jobs and their financial …

U.S. wholesale inventories increased more than expected initially in September, but automobile stocks declined further amid a global semiconductor shortage, which is undercutting motor vehicle production.The Commerce Department said on Wednesday that wholesale inventories increased 1.4%, instead of 1.1% as estimated last month. Stocks at wholesalers rose 1.3% in August. …