European shares fell on Wednesday, as weak earnings from French luxury goods company Kering and Dutch semiconductor ASML outweighed strong results from Nestle and other companies. The pan-European Stoxx 600 index was down 0.1 percent, although Asian shares rose, supported by a strong Wall Street close on Tuesday. And Kering’s …
Read More »Japan Shares Give up Most of The Gains as US Bond Yields Rise
Japanese stocks rose on Wednesday, October 20, buoyed by a strong close on Wall Street, but gave up most of the gains as investors grew cautious about weak US futures contracts and higher yields on Treasuries. The Nikkei index increased by 0.14% to close at 29,255.55 points, after rising by …
Read More »Q3 Earnings surge, signaling significant market improvement
Earnings of major banks and companies have tended to decide both the market status and sentiment since mid-October, as dozens of companies either already reported of will report their financial statements next week and through early November.NetflixIn a solid beat, Netflix shares were on the uptrend after the bell on …
Read More »Wall Street surges as earnings stir risk appetite
U. .S. stock indexes surged on Tuesday over positive results from several companies. Earnings have stirred up risk appetite, after big banks had announced third quarter positive earnings last week.The S&P 500 index is now 0.7% away from a record high hit last September, while investors hope that a flow …
Read More »European Shares Rise on Tech
European shares rose on Tuesday as technology stocks rose, tracking overnight gains from their Wall Street peers, offsetting losses in Swedish and healthcare firms’ Ericsson shares. The pan-European Stoxx 600 index was up 0.1 percent by 0708 GMT, with technology shares gaining 0.7 percent. Telecom equipment maker Ericsson fell 3 …
Read More »Market Drivers – U. S. Session 18-10-2021
US shares have undergone mixed performance, and tended to rise with the beginning of Monday’s trading session, attempting to overcome the impact of U. S. and Chinese data that cast negative shadows across the global markets after a decline in the growth of the second largest economy in the world.Economic …
Read More »Fresh attempt to change Eurozone’s rules
Later Monday, the European Commission will officially start consultation and discussion on whether and how to reform the Eurozone’s fiscal rules.Over the past 20 years the Stability and Growth Pact (SGP) has been one of the most contentious pillars of the monetary union. Despite all current shortages in the global …
Read More »U. S. builder confidence challenges supply chain disruptions
Strong consumer demand has helped thrust builder confidence higher in October despite growing affordability challenges imposed by surging material prices and shortages.Builder sentiment in the market for newly built single-family homes moved four points higher to 80 in October, according to the NAHB/Wells Fargo Housing Market Index (HMI) released on …
Read More »Major indices mixed early on as rising Treasury yields
Wall Street stocks were mixed early on Monday as bond yields rose and Chinese GDP numbers disappointed.The Dow opened 42.30 points weaker on Monday, cutting into gains recorded at the tail end of last week on the back of a better than anticipated start to the third-quarter earnings season.Dow was …
Read More »Economic slowdown awaits U. S. in 2022
The U.S. economy will be battling a continued slowdown in 2022 as it contends with sticky inflation and supply chain bottlenecks.Growth is clearly slowing. Obviously the U. S. has passed the peak growth rate, but it’s a relatively graduate slowdown. A number of economists have cut their 2021 GDP growth …
Read More »