European shares rose on Thursday, supported by oil and chemical companies, while doubts about the outlook for monetary policy and signs of slowing global growth limited gains. The pan-European Stoxx 600 index rose 0.1% after Asian shares fell on growing concerns about the Chinese economy following a batch of weak …
Read More »Amazon to Employ 55K More People Around the Globe
Amazon will offer 55,000 jobs around the world, in corporate and technology, over the coming months, CEO Andy Jassy reportedly told Reuters. Speaking to the press for the first time since he assumed the position in July, following the resignation of former CEO and Founder Jeff Bezos, Jassy said that …
Read More »Wall Street Opens at Record Highs, Focus on Economic Data
The Nasdaq hit a record high on Wednesday as weaker-than-expected private-sector jobs data fueled hopes of an extension of support from the US Federal Reserve. The Dow Jones Industrial Average rose 26.82 points, or 0.08 percent, to 35,387.55 points The Standard & Poor’s 500 indexes increased by 6.12 points, or …
Read More »European Shares Start September With Gains
European shares rose on Wednesday as hopes for more stimulus battled fresh signs of weakness in Asian economies, while investors shook off concerns about rising inflation. After seven consecutive months of gains, the pan-European STOXX 600 index started September with a gain of 0.7%, close to its record highs set …
Read More »Wall Street Marginally Lower but Higher for Month
The main indices of Wall Street closed marginally lower on Tuesday with anticipation for major economic data, but finished higher for the month The Dow Jones Industrial Average lost 39.11 or 0.11% to close August at 35,360.73, higher by 1.2%. The S&P 500 decreased by 6.11, or 0.13%, to end …
Read More »European Stocks Rise for Seventh Straight Month
European stocks finished lower on Tuesday, following the release of the August reading of the Consumer Price Index (CPI). The STOXX Europe 600 Index declined by 1.80 points or 0.38% to close at 470.88 points. For the month, the pan-European index gained 1.98%, in its best monthly performance since May. …
Read More »European Shares Are Heading For a Seventh Straight Month of Gains
European shares rose on Tuesday, August 31, heading towards the seventh consecutive month of gains, as hopes of adopting more policies to support the economy outweighed the economic risks associated with the increase in cases of Covid-19 disease due to the spread of the delta strain around the world. The …
Read More »Wall Street Mixed Logging New Record Highs
The main indices of the New York Stock Exchange (NYSE) closed mostly higher on Monday, with S&P 500 and the Nasdaq hitting new fresh closing record highs in the first session of the week. Wall Street investors showed an increased appetite for technology stocks. The Dow Jones Industrial Average lost …
Read More »European Stocks Finish Higher After German Data
European stocks finished Monday higher, opening the week with a positive performance, maintaining an upward trend for the second day in a row. The STOXX Europe 600 Index rose 0.34 point or 0.07% to 472.68 points. This is the highest closing value for the pan-European index since August 18. In …
Read More »European Shares Consolidate Near Record Highs
European shares rose on Monday, August 30, to consolidate near record highs reached earlier this month, as hopes that continued central bank support will maintain the economic recovery dispelled the impact of fears surrounding the delta strain of the Coronavirus. The STOXX 600 index of the broader European shares rose …
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