Stock futures fell in early trading on Thursday after the blue-chip Dow Jones Industrial Average regained its highest level in the previous session amid strong corporate earnings, Dow futures fell 104 points or 0.2%, and S&P 500 futures fell By 0.2%, the Nasdaq 100 futures contract lost 0.2%. IBM shares …
Read More »European Shares Fall, Affected by Evergrande Crisis
European shares incurred losses at the beginning of today’s session, affected by negative sentiment stemming from renewed concerns about the real estate sector in China and mixed quarterly earnings results. The pan-European Stoxx 600 index fell 0.4%, retreating from a six-week high. Asian stocks also fell after news of a …
Read More »Japan Shares Fall Nearly 2% on Election Fears And Evergrande
Japan’s Nikkei index fell nearly 2% at the close of today’s session, pressured by fresh concerns about China’s Evergrande Group anxiety ahead of a general election and concerns about the impact of rising costs on the future of companies. “The ruling LDP (Liberal Democratic Party) would probably win a majority …
Read More »Wall Street closes higher with S&P 500 tipping fresh record
The S&P 500 index, a proxy for the health of retirement and college savings accounts, has climbed by 0.4% for its sixth successive gain to close as solid earnings stir investors’ expectations and appetite.S&P 500 closed at 4,536.19. The Dow Jones Industrial Average rose by 0.4% to 35,609.34 and Nasdaq …
Read More »Poll: 62% of Americans hold Biden’s policies responsible for inflation
62 percent of Americans hold Joe Biden as responsible for increasing inflation and believe the country is economically on the wrong track.A new poll released Wednesday said that Biden’s policies are responsible for inflation, which has hit its highest rate in 13 years.Morning Consult/Politico poll found that 18 percent believe …
Read More »Fed’s Beige Book: Supply chain roars and labor shortage slows economic growth
U.S. economic growth slowed as a result of supply chain disruptions and a growing labor shortage according to a fresh Federal Reserve report. Fed’s Beige Book is a region by region compilation of economic information. In its latest edition issued Wednesday, Fed reported that several districts noted that growth overall …
Read More »Market Drivers – European Session 20-10-2021
The European trading session, on Wednesday, was quiet for the second consecutive day. The U. S. dollar became further steadier earlier in the European session, but it is now following a more mixed trading pattern, with the sterling tracking lower as it moved away from key resistance near 1.3800.Gold’s gains …
Read More »US Stock Index Futures Rise
U.S. stock index futures were higher in overnight trading on Wednesday, as investors are watching the rise in the US bond yield, and investors are also awaiting the release of more results from the work of some major US companies, led by Tesladue after the market closes today. During today’s …
Read More »European Shares Falling Affected by Weak Results
European shares fell on Wednesday, as weak earnings from French luxury goods company Kering and Dutch semiconductor ASML outweighed strong results from Nestle and other companies. The pan-European Stoxx 600 index was down 0.1 percent, although Asian shares rose, supported by a strong Wall Street close on Tuesday. And Kering’s …
Read More »Japan Shares Give up Most of The Gains as US Bond Yields Rise
Japanese stocks rose on Wednesday, October 20, buoyed by a strong close on Wall Street, but gave up most of the gains as investors grew cautious about weak US futures contracts and higher yields on Treasuries. The Nikkei index increased by 0.14% to close at 29,255.55 points, after rising by …
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