The Nikkei average rose on Tuesday, boosted by optimism about corporate business results, and after overnight gains in US, stocks pushed the Dow Jones Industrial Average and Standard & Poor’s 500 indexes to record levels. The Nikkei closed up 1.8 percent to 29106.01 points, after rising at the open and …
Read More »Market Drivers – U. S. Session 25-10-2021
Gold prices, Monday, sum up the whole market scene in terms of market sentiment and risk appetite. The yellow metal rose about 1% as a retreat in U.S. bond yields and persisting worries about inflation lifted the safe-haven asset ahead of major central bank meetings later on during the current …
Read More »Will Evergrande become an electric carmaker?
China’s Evergrande is starting to pay its overdue debt and restart some of its stalled real estate projects, but it is signaling that it wants to move away from housing and focus on building electric vehicles.According to Chinese state media, Chairman Xu Jiayin announced that the firm wants to make …
Read More »Why is IFO Business Index for Germany Disappointing?
The IFO Institute’s Business Climate index for Germany declined to 97.7 in September, which is significantly below expectations of a 98.2 result. The unexpected drop in business sentiment was the fact that the August reading for the index released in September was revised slightly upward to 98.9 from 98.8.This forex …
Read More »U. S. Shares continue surging on corporate earnings
U.S. stocks rose as traders watch earnings reports from technology heavyweights including Facebook, while keeping in mind inflation-related concerns and rising Covid-19 risks. Energy and materials sectors are on the lead of the S&P 500 higher after the index whipsawed traders at the start of Monday’s U. S. session. PayPal …
Read More »MagnaChip semiconductor shares surge backed by revenues
Shares of South Korean semiconductor manufacturer MagnaChip Semiconductor jumped out of the gate Monday and are up 4.3% after the company crushed its Q3 earnings report versus $0.22 per share on $126.9 million in sales.As financial statements were announced, the company reached that sales target, booking $127 million in revenue. …
Read More »Tesla hits $1 trillion in market value
Tesla shares surged Monday, briefly lifting the electric carmaker’s market value above $1 trillion, as investors shrugged off criticism from a U. S. safety official of the fast growing organization.Near 1700 GMT, shares of Tesla were up almost nine percent at $990.95, giving it a market capitalization of just under …
Read More »GCC’s fiscal scene improves with current oil prices
Resurgent oil prices are causing a noticeable improvement in Gulf Cooperation Council fiscal and external balances in 2021, in addition to reform momentum that has taken hold to varying degrees since 2014 in response to oil price volatility, Fitch Ratings says.Fitch’s scenario analysis estimates that GCC budgets, except in Bahrain, …
Read More »US Major Indexes Give Back Modest Gains
US major equity indexes opened the new trading week on a calm note near last week’s closing levels. The S&P 500 index was up 10 points to 4,542, almost unchanged on the day after giving up modest gains recorded after the opening bell on Monday. The Dow Jones Industrial Average …
Read More »European Stocks Rise, Supported by Commodity Prices
European shares rose on Monday, led by mining and energy stocks as commodity prices rose, while investors awaited a series of business results, as several giant companies are scheduled to announce their results this week. The pan-European Stoxx 600 index rose 0.02% by 0707 GMT after Asian indices rallied slightly. …
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