European stocks declined on Thursday, with investors anticipating more signs of recovery amid fears over the spread of the Coronavirus Delta variant. Earlier today, the European Central Bank’s meeting accounts showed a debate among board members about the forward guidance on interest rates. Similar to what we are expecting from …
Read More »European Shares Fall on Virus And Policy Concerns
European shares rebounded after data showed German consumer morale deteriorating with the rise in Covid-19 cases, while the atmosphere was also negatively affected by concern about the prospects for monetary policy. The pan-European Stoxx 600 index fell 0.6%, with retail and mining stocks among the biggest losers. Investors remain anxious …
Read More »Wall Street Maintains Gains and Sets New Record Highs
The main indices of the New York Stock Exchange (NYSE) closed higher on Wednesday, as Wall Street continued with its rally as S&P 500 and Nasdaq closing at new record highs, while Dow Jones rose for the fourth consecutive session. Positive earnings reports for the second quarter of the year …
Read More »Europe’s Stocks Close Little Changed Following German Data
European stocks finished Wednesday marginally higher, with mixed factors impacting the markets, as data showed that the manufacturing sector in Germany remained impacted by supply chain disruptions and bottlenecks. Germany’s IFO Business Climate Index remained positive but declined to 99.4 in August, while the gauge of Current Economic Assessment increased …
Read More »European Shares Rise Ahead of Data
European stocks rose Wednesday, August 25th, and travel stocks rose for the fourth day in a row, while markets globally moved within a narrow range ahead of a policy update from the US Federal Reserve at the end of the week. The STOXX 600 index of European shares rose 0.1% …
Read More »Wall Street: S&P 500 and Nasdaq Set New Record Highs
The New York Stock Exchange (NYSE) continued with a positive performance on Tuesday, with the S&P 500 and Nasdaq indices hitting new record highs. Wall Street is anticipating the upcoming speech by Federal Reserve Chairman Jerome Powell at the Jackson Hole event. The Federal Reserve’s most recent meeting minutes showed …
Read More »European Stocks Close Little Changed Ahead of IFO Data
European stocks stalled on Tuesday, closing marginally lower, after rebounding for two consecutive sessions. Markets are anticipating tomorrow’s release of the IFO data in Germany, which includes important indicators for the business climate in the continent’s largest economy. The STOXX Europe 600 index slipped by 0.09 points or 0.02% to …
Read More »European Stocks Continue to Recover
European shares continued to recover on Tuesday, August 24, after a full US approval of a vaccine to prevent Covid-19 boosted Wall Street to record highs, while the latest data showed a stronger-than-expected economic recovery in Germany. The STOXX 600 index of European shares rose 0.3% by 07:11 GMT, after …
Read More »Wall Street Rebounds with Nasdaq Hitting New Record High
The main indices of the New York Stock Exchange (NYSE) finished higher on Monday, with the Nasdaq hitting a new all-time closing high and the S&P 500 nearing its record high. Meanwhile, Wall Street investors seemed more optimistic about efforts to combat the coronavirus pandemic, after the Food and Drug …
Read More »European Stocks Close Higher for Second Day
European stocks continued to rebound for the second consecutive session on Monday, starting the week with a positive performance to recoup some of its recent losses. The STOXX Europe 600 index rose by 3.08 points or 0.66% to finish at 471.88 points. Today marked the biggest daily gain for the …
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