Japanese stocks fell on Thursday as disappointing expectations from technology companies led to selling, but gains by major chip-related companies limited losses. The Nikkei index closed down 0.96 percent at 28,820.09 points, while the broader Topix index fell 0.7 percent to 1999.66 points. Robotics maker Fanuc slumped 8.66 percent after …
Read More »Market Drivers – U. S. Session – 27-10-2021
U. S. economic data in addition to corporate earnings reports and a number of positive developments had impact on the U. S. session Wednesday. The negotiations regarding the federal budget plan bill between the White House and the Congress is among the factors that led to a positive market performance.Gold …
Read More »Growth slowdown and inflation would dominate ECB’s meeting
Investors and observers have expected the European Central Bank’s October meeting to be unexciting, but the current mixture of growth slowdown and higher inflation could cause it to be more action-packed than anticipated.Although big decisions on the future of the European Central Bank’s emergency stimulus package are unlikely to be …
Read More »U. S. shares hover between small gains and losses
U. S. Stocks hovered between small gains and losses, on Wednesday, as investors digest corporate earnings results released by biggest U.S. companies.The S&P 500 rose 0.2% a day after the broad stocks gauge closed at an all-time high for the 57th time this year. The Dow Jones Industrial Average, which …
Read More »Inflation will last longer over supply chain difficulties
The largest U.S. manufacturers including do encounter logistics headache and higher costs as a result of global supply bottlenecks that could continue into 2022, but most companies agree that the hit to profits can be compensated by charging higher prices for their goods.Companies globally pushed the alarm button reiterating that …
Read More »Do BoC’s signals pressure U. S. Fed?
Short term U.S. Treasury yields leapt higher Wednesday after the Bank of Canada shut down its QE program and signaled for an early 2022 interest rate hike only some days before November’s awaited Fed policy meeting.Treasury yields jumped higher Wednesday, pushing major stock indices into the red zone, after the …
Read More »European Shares Fall on Lower Mining Sector
European shares fell on Wednesday, with mining stocks leading losses after concerns about Chinese government intervention impacting metal prices, while mixed corporate earnings data kept investors on the alert. The pan-European Stoxx 600 index fell 0.2 percent but settled just below its August high. Asian technology stocks fell on an …
Read More »Nikkei Recovers Early Losses to Close Flat
The Nikkei index recovered its previous losses to end the day unchanged, as strong results for companies supported the market, despite the effect of the state of caution and anticipation ahead of the parliamentary elections at the weekend. The Nikkei index fell eight points to close at 29,098.24 points, maintaining …
Read More »Market Drivers – U. S. Session 26-10-2021
WTI US crude oil rises during the New York session, trading at $84.30. The market sentiment has remained positive as U. S. shares are supported by U. S. Q3 solid corporate earnings, which helped ease investors’ nervousness around high inflation and central bank monetary policy tightening.In the meantime, the US …
Read More »October: Delta left behind and U. S. economy improves
Americans welcome winter weather as temperatures drop, but the market is getting warmer and even hotter. The U. S. economy is boomed after the Delta wave had caused considerable recovery slowdown in August and September. October is witnessing progress on multiple fronts recording overall gains.Americans are spending more. Several signs …
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