Shares in the Asia-Pacific region were mixed in trading Tuesday, July 27, as several major Chinese technology stocks in Hong Kong remained under pressure after falling on Monday. Hong Kong’s Hang Seng fell 4.64% in afternoon trade, after falling more than 4% on Monday on the back of regulatory concerns …
Read More »Amazon Denies Accepting Bitcoin
Amazon has denied reports that it accepts payments in cryptocurrency and bitcoin. There was news about the company opening jobs on blockchain development, accepting cryptocurrencies as a form of payment. The cryptocurrency rose strongly to the psychologically important level of $40,000, but the company quickly denied this news, dropping Bitcoin …
Read More »Amazon Negates Bitcoin Rumors as Bezos Focuses on the Moon
Amazon has reportedly denied on Monday recent news about a plan to begin accepting Bitcoin as payment by the end of 2021, according to Reuters. Now thought-to-be fake reports by British media regarding Bitcoin acceptance by Amazon led to a huge surge in cryptocurrency to levels not seen in about …
Read More »Dollar on a Slide and Wall Street Rise Ahead of Fed Meeting
The Dollar Index (DXY) finished Monday on a lower note, amid anticipation for the upcoming policy meeting by the U.S. Federal Reserve. The index, which measures the performance of the U.S. Dollar (USD) against a basket of six major international currencies settled at 92.649, losing 0.28% on a daily basis, …
Read More »Europe’s Stocks Close with Mostly Marginal Losses
European stocks finished Monday lower, opening the last week of July with small losses with more investors focusing on tracking the resurgence of the coronavirus with the spread of the Delta variant. The STOXX Europe 600 index leveled down by 0.08% to settle at 461.14, nearly its all-time record high …
Read More »European Shares Drop From Their Highs
European shares fell from their highest levels ever, after fears of regulation plunged into stock markets in Asia, while shares of automakers fell after a strong performance last week. The pan-European Stoxx 600 index fell 0.4%, with auto stocks leading losses. Porsche shares fell 4.5% as shares were traded without …
Read More »Nikkei Follows Global Gains But Virus Fears Undermine Sentiment
Japanese shares closed higher on Monday, tracking gains in global stock markets thanks to positive corporate results, but the gains were curbed by concerns about global Covid-19 cases that could weaken the country’s economic recovery further. The Nikkei rose 1.77% in early trading after a four-day weekend that saw the …
Read More »European Stocks Finish Week at New Record High
European stocks finished higher on Friday for the fourth consecutive session, extending their weekly gains and hitting a new all-time high amid an improvement in risk sentiment among investors. The STOXX Europe 600 index surged by 4.98 points or 1.09% to close at a record 461.51 points. For the week, …
Read More »US Stocks Open Higher on Friday
Wall Street’s major indexes opened higher on Friday, boosted by big-cap technology stocks and risk flows continuing to dominate the markets, with the focus shifting to business activity data later in the day. The S&P 500 is up 0.45% today at 4,387, the Dow Jones Industrial Average is up 0.6% …
Read More »European Stocks En Route to High Weekly Close
European shares jumped this Friday, heading toward a high weekly close, with optimism over the business results season and the European Central Bank vowing to continue monetary support due to the high risks of the surge in Covid-19 cases. The STOXX Europe 600 index rose 0.4% by 07:19 GMT, hitting …
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