An improvement in investors’ sentiment helped European stocks finish at a new record level on Monday, opening the first session of August with a positive performance after gaining about 2% in July. The STOXX Europe 600 index closed higher by 0.59% at a new record high of 464.45 points. Gains …
Read More »European Shares at New Highs Supported by Corporate Results
European stocks rose to new highs, after a series of deals and strong business results from Europe’s largest bank HSBC, while sentiment was also supported by the recovery of Asian stocks. The pan-European Stoxx 600 index rose 0.8 percent to an all-time high of 465 points in early trading. British …
Read More »Wall Street Gives Up Early Gains and Finish the Week with Losses
The main indices of the New York Stock Exchange (NYSE) finished lower on Friday, registering a weekly decline but maintaining monthly gains in July, with Wall Street investors worried about the spread of Coronavirus Delta variant, despite the positive earnings reports by some of the market’s major listed companies. The …
Read More »EU Imposes Record High Fine on Amazon for Data Violation
The European Union has imposed a huge fine on Amazon.com due to violating data protection rules. The e-commerce giant will have to pay a record $886.6 million for processing personal data in violation of the EU’s General Data Protection Regulation (GDPR). A ruling was issued by the Luxembourg National Commission …
Read More »European Stocks Decline but Finish July with Gains
Europe’s stocks declined on Friday, retreating after closing Thursday’s trading session at a new all-time high, following the release of inflation data and more earnings reports. The STOXX Europe 600 Index lost 2.10 points or 0.45% and closed at 461.74 points. Travel and leisure stocks led today’s decline and plunged …
Read More »European Shares Fall From Record Levels
European shares retreated from record highs on Friday, as concerns about the rapidly spreading mutated delta strain of the coronavirus and regulatory moves in China outweighed optimism about the quarterly earnings season and economic recovery. The pan-European STOXX 600 index fell 0.8% by 0714 GMT, while Asian stocks are heading …
Read More »Nikkei Closes at Its Lowest Level in More Than 6 Months on Virus Fears
The Japanese Nikkei index closed at its lowest level since the beginning of the year as investor sentiment was negatively affected by the rise in Covid-19 cases, some disappointing earnings announcements, and a decline in US stock futures. The Nikkei fell 1.8% to close at 27,283.59 points, the largest drop …
Read More »Wall Street Rally Ignores Economic Data
The main indices of the New York Stock Exchange (NYSE) finished Thursday higher, despite a weaker than expected GDP growth numbers registered in the second quarter, as Wall Street investors seemed more optimistic about the Federal Reserve vowing to maintain the low-interest rates for the time being. Accordingly, the Dow …
Read More »European Stocks Set Another Record High
European stocks logged another record-high closing level on Thursday for the second consecutive session. A number of positive earnings reports helped further push investors’ sentiment and risk appetite. The STOXX Europe 600 index added 2.14 points, or 0.46%, to close at a new all-time closing high of 463.84 points, as …
Read More »European Shares Peak Thanks to Earnings From Airbus
European shares hit record highs Thursday, July 29 as strong earnings from big commodity companies, Airbus and others boosted markets positivity, while concerns over moves by regulators in China dispelled. The Stoxx600 index of European shares rose 0.3% to an all-time high of 463 points in early trading. The shares …
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