Japan’s Nikkei closed higher on Friday, July 2, as gains in export-focused Sony and Toyota Motor Group offset by a weaker yen in chip-related stocks, but the index closed lower for the week on concerns about new infections with the Coronavirus. The Nikkei index rose 0.27% to 28,783.28 points, after …
Read More »Wall Street Begins H2 with More Record-Breaking
The New York Stock Exchange (NYSE) finished higher on Thursday, opening July and the second half of the year with another record-breaking performance, with Wall Street investors optimistic about the upcoming jobs report. Recent economic data showed progress on the road to recovery from the coronavirus pandemic, with the drop …
Read More »The S&P 500 Starts The 2nd Half of 2021 at a New Peak
The S&P 500 index started the second half of the year at record levels on Thursday after data showed that the number of weekly applications for unemployment benefits came in less than expected, while Walgreens shares gained after the company raised its forecast for annual profits. The S&P 500 index …
Read More »Japan Shares Fall on Slowdown Fears Due to Rising Coronavirus Cases
Japanese stocks closed lower Thursday, July 1, as they were pressured by concerns that a rise in COVID-19 infections could extend restrictions and slow economic recovery. The Nikkei index fell 0.29% to 28,707.04 points, while the broader Topix index fell 0.22% to 1939.21 points. Japan is likely to extend coronavirus …
Read More »Ford to Shut Down North American Plans Due to Semiconductors Shortage
Ford Motor plans to shut down several of its factories in North America due to the global shortage of semiconductors. The closure will take place for a few weeks over the course of July and August. The supply disruption might cost the company as much as $2.5 billion this year, …
Read More »European Stocks Maintain Monthly and Quarterly Gains
European stocks closed lower on Wednesday, amid concerns about the rising number of coronavirus cases, especially of the Delta variant, as well as reflation fears. The STOXX Europe 600 index lost 3.53 points, or 0.77%, and closed at 452.84 points. This market the biggest daily loss for the pan-European index …
Read More »Japan Shares Close Lower And Incur Losses in June on Concerns About The Outlook
Japanese stocks fell on Wednesday, June 30, as the highly contagious delta strain of the coronavirus spread in Asia, while the benchmark index suffered losses in June on worries about the economic outlook. The stock market ended the last trading day of the month with a loss for the tenth …
Read More »Wall Street Close with Modest Gains and New Records
The New York Stock Exchange (NYSE) closed modestly higher on Tuesday, with the technology stocks leading the gains in Wall Street and investors awaiting economic data, especially the upcoming jobs report, to asses the possible impact on monetary policy and interest rates. The S&P 500 and the Nasdaq Composite continued …
Read More »European Stocks Finish Higher on Improved Sentiment
European stocks closed higher on Tuesday after data showed economic sentiment in the Eurozone rose to its highest level in about 21 years. The pan-European STOXX 600 index gained 0.31% to close at 456.37 points. The blue-chip EURO STOXX 50 index added 0.43% to finish at 4,107.51 points. The French …
Read More »Japan Shares Fall on Delta Concerns
Japanese stocks fell on Tuesday, June 29, as losses in cyclical stocks outpaced gains in technology companies, as the outbreak of the most contagious delta strain of Covid-19 raised fears of derailing the global economic recovery. The Nikkei index fell 0.81% to 288212.61 points, while the broader Topix index lost …
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