Global Stock Market

Citigroup and other major U.S. banks said customer spending has eclipsed pre-pandemic levels.U.S. stocks jumped Thursday, bolstered by better-than-expected earnings and economic data that helped ease investor concerns about inflationary pressures and a slowdown in growth.Wall Street is booming, or at least parts of it are. Merger mania and stock …

Wall Street’s main indexes rallied on Thursday, boosted by technology stocks and strong quarterly results from Bank of America and Walgreens, while better-than-expected economic data eased some concerns about higher inflation.At 12:08 p.m. ET, the Dow Jones Industrial Average was up 499.56 points, or 1.45%, at 34,877.37, the S&P 500 …

The inflationary uptrend in the United States is still dominating according to the Producer Price Index. The PPI surged 8.6 percent in September from the same period a year ago. That’s the biggest jump on records dating back to 2010.Producer prices rose only 0.5 percent in September. That was lower …

Energy prices have recorded multi-year highs, Capital Economics highlights the commodities most sensitive to these price fluctuations.The commodities that are likely to be most affected by the looming energy crisis are the industrial metals, agriculture, and the precious metals sector, Capital Economics commodities economist Edward Gardner said in a report.Historically, …

The global chip shortage rages on, and some predictions indicate supply and demand will not reach balance until 2023. For some chip stocks, though, the shortage of tech hardware and soaring prices hasn’t led to a windfall. Two stocks in the industry that have struggled this year are ACM Research …

Tesla has no fewer than four models in the top 10 list of most American-made cars on sale today, according to an annual automotive index measuring the amount of US-manufactured content in vehicles. The Kogod School of Business’ 2021 Made in America Auto Index lists the Tesla Model 3 in …

Current coal prices have recorded 1,500 Yuan per tonne. Soaring energy prices sent producer prices to their highest in at least 25 years in September, rising by 10.7% from a year earlier according to official data released on Thursday and Cold winter weather is likely to push coal prices higher.Daily …

Japanese shares rose at the close on Thursday, led by technology shares that followed the Nasdaq market’s gains, with Tokyo Electron, the largest source of the Nikkei’s rise. The Nikkei index rose 1.46 percent to close at 28,550.93 points, after falling for two consecutive sessions. The broader Topix index rose …

Consumer Price Index data from the U. S. Labor Department and FOMC minutes represented the key market drivers on Wednesday. Inflation is still steering the both the U. S. economy and fiscal policy as prices continued their ascent in September. Social Security benefits will rise 5.9% in 2022, the highest …

China’s yuan inched higher against the dollar on Wednesday, as investors digested upbeat exports data and shifted focus to whether the central bank would overturn maturing loans later this week.In the spot market, the onshore yuan opened at 6.4509 per dollar and touched 6.4449, before ending at 6.4452, 20 pips …