Global Stock Market

Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, said on Friday that he thinks it is the time to start reducing asset purchases but added it’s not time to raise interest rates yet. Main Quotes:“Risks are clearly to longer, more persistent bottlenecks, and thus to …

U.S. CompositePurchasing Managers’ Index; PMI Output Index, which tracks the manufacturing and services sectors, has rebounded to a reading of 57.3 in the first half of October from 55.0 in September. A reading above 50 indicates growth in the private sector.The service sector of the U.S. economy has sped up …

European markets opened the session higher, as global sentiment was unexpectedly boosted by interest payments from debt-laden China’s Evergrande Group, while L’Oréal’s strong earnings and tech shares further supported it. The Stoxx 600 index of European shares rose 0.2%, while Asian shares rose after news that the Chinese real estate …

From Europe to the United States, market drivers ranged from unemployment, inflation-related concerns, earnings and alarming losses to inventories of energy, particularly natural gas. The USD managed to stop its Wednesday’s downtrend to advance anew on Thursday.   Risk turned off on Thursday leading the USD to reap the most …

Corporate earnings for Q3 continue to impact the performance of financial markets as well as the reactions of investors and traders. Higher than expected earnings have become the common trend on the market scene, this October, despite supply chain difficulties and cost issues.TeslaTesla posted Q3 profits that topped expectations, with …

“Vaccinations are our armor,” said New Zealand Prime Minister Jacinda Ardern while revealing the new governmental measures to battle the coronavirus during Friday morning in Asia.“In a suite of announcements that establish a pathway out of restrictions the NZ government is also providing up to $940 million per fortnight to …

“The RBA is closely watching a spike in inflation,” said the Reserve Bank of Australia Governor Philip Lowe while speaking before a conference hosted by the Universidad de Chile on early Friday morning.The policymaker has added that he did not think the rise would be sustained unless it led to …

The giant Chinese real estate developer has become cash-strapped and now risks default if it fails to pay its gross debt.After Evergrande’s efforts to sell its stake of 50 per cent of EPS to rival Hopson Development had collapsed, depriving it of valuable cash to ease the pressure on its …

Treasury yields were slightly higher Thursday as U.S. weekly jobless benefit claims fell with a reading of initial jobless claims for the week ended Oct. 16 which dropped by 6,000 to pandemic low of 290,000.Yields were drifting higher as weekly jobless claims showed companies shying away from layoffs amid the …

Houston’s pension fund for its firefighters said Thursday it bought $25 million worth of bitcoin and ether for its defined-benefit plan’s portfolio, the latest move by an institutional investor into digital assets.The Wall Street Journal reported that this move comes as bitcoin powered back to a record above $66,000 earlier …