US stocks are trading mixed at the US session, and financial stocks post solid gains with higher US Treasury yields. Despite expectations of declining retail sales due to a rapidly spreading delta mutator, US retail sales unexpectedly rose in August by 0.7% to $618.7 billion. The Philadelphia Fed Manufacturing Index …
Read More »European Shares Rise on Travel Rebound
European shares rose today as a rebound in travel stocks and gains in Wall Street overnight helped ease concerns about a slowing Chinese economy that has dragged miners down. The pan-European Stoxx 600 index rose 0.6 percent after closing at a six-week low in the previous session. Travel and leisure …
Read More »Japan Shares Close Lower on Profit-Taking
Japanese stocks closed lower for the second consecutive session on Thursday, as investors continued to book profits after the recent rally boosted by hopes of new political leadership. The Nikkei index fell 0.62 percent to close at 30,323.34 points, after rising about 0.36 percent earlier in the session. The broader …
Read More »Led by Energy Shares, Canada’s Stocks Rebounds from 3-Week Low
Canada’s main stock index rose on Wednesday as a direct impact of a jump in oil prices giving a boost to energy shares.Higher yields of the Canadian bonds still contribute to helping strengthen the country’s financials, including the stock market.The Toronto Stock Exchange’s S&P/TSX composite index ended up 140.54 points, …
Read More »Japan’s Nikkei Falls From 3-Decade High on Profit-Taking
Japan’s Nikkei fell at the close on Wednesday from a three-decade high hit in the previous session as investors took profits after a strong rally in the past two weeks, as regulatory concerns in China weighed on SoftBank Group and real estate stocks. The Nikkei index fell 0.52% to close …
Read More »European Shares Under Pressure From Weak Chinese Data
European shares fell Wednesday, September 15th on concerns about a slowdown in the Chinese economy, a decline in travel and leisure stocks, and rising inflation in Britain, and the impact on sentiment in early trade. By 07:11 GMT, the European STOXX600 index was down by 0.1%. Asian shares fell after …
Read More »Dubai TV Interview, Sept 13, 2021
Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, discussed the current situation across global markets, with anticipation for a number of developments over the course of the week. The U.S. Inflation We can say that inflation levels are the main driver of …
Read More »European Shares Track The Rally in Asia
European shares rose, tracking a positive trading session in Asia, even as investors weighed the risks of monetary tightening after the European Central Bank indicated it was slowing its purchase of pandemic bonds.The pan-European Stoxx 600 index rose 0.2 percent, but was still on track to end the week lower …
Read More »European Shares Decline Ahead of ECB
European shares fell, tracking Asian shares slump amid fears of slowing global growth, while expectations are growing that the European Central Bank will announce a timetable to slow bond purchases later in the day. The European Stoxx 600 index fell 0.8 percent to its lowest level in three weeks, and …
Read More »European Stocks Down Ahead of ECB Meeting
European stocks fell, as concerns about slowing global growth weighed on sentiment, while investors’ eyes turned to the European Central Bank meeting for indications on plans to reduce stimulus. The European Stoxx 600 index fell by 1% and is on track to record its largest daily drop in three weeks, …
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