The New York Stock Exchange (NYSE) could be rising to new record highs, as evident by today’s rise of the U.S. stock futures on Monday, with the futures on the S&P 500 rising by 0.3%. In addition, most stock markets performed positively today, signaling that Wall Street might be up …
Read More »European Stocks Begin Week with Positive Performance
European stocks rose on Monday, opening the week with a positive performance after registering their best monthly performance since May last month. The STOXX Europe 600 index added 3.26 points or 0.69% today to close at 475.19 points, logging its second-highest closing level of all time. France’s CAC40 index finished …
Read More »Dubai TV Interview, Sept 06, 2021
Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, discussed the current situation across global markets, with anticipation for a number of developments over the course of the week. the US Non-Farm Payrolls Report The US job data had a massive impact on …
Read More »Wall Street Mixed as Nasdaq Logs Another Record High
The main indices of the New York Stock Exchange (NYSE) showed a mixed performance on Friday, with Wall Street investors reacting to the disappointing nonfarm payrolls data for last month, which increased concerns over the pace of recovery from the coronavirus (COVID-19) pandemic. The Dow Jones Industrial Average closed lower …
Read More »Tech Stocks Sees Highest Investments in Six Months – BofA
More investors are leaning towards slowing-growth assets, amid rising inflation rates, according to a weekly investment-monitoring report by the Bank of America, as cited by Reuters on Friday. Technology stocks witnessed the highest inflows since March at $2.5 billion. Meanwhile, high selling was seen on Treasury bonds and other U.S. …
Read More »European shares Fall Before US PMI And NFP
European shares fell on Friday, ahead of US employment data that could affect the Federal Reserve’s policy outlook, while fresh concerns about slowing Chinese growth took a toll on sentiment. The pan-European Stoxx 600 index fell 0.2% but was on track for limited weekly gains. Banks and financial services stocks, …
Read More »European Shares Rise in Cautious Trading
European shares rose on Thursday, supported by oil and chemical companies, while doubts about the outlook for monetary policy and signs of slowing global growth limited gains. The pan-European Stoxx 600 index rose 0.1% after Asian shares fell on growing concerns about the Chinese economy following a batch of weak …
Read More »Amazon to Employ 55K More People Around the Globe
Amazon will offer 55,000 jobs around the world, in corporate and technology, over the coming months, CEO Andy Jassy reportedly told Reuters. Speaking to the press for the first time since he assumed the position in July, following the resignation of former CEO and Founder Jeff Bezos, Jassy said that …
Read More »Wall Street Opens at Record Highs, Focus on Economic Data
The Nasdaq hit a record high on Wednesday as weaker-than-expected private-sector jobs data fueled hopes of an extension of support from the US Federal Reserve. The Dow Jones Industrial Average rose 26.82 points, or 0.08 percent, to 35,387.55 points The Standard & Poor’s 500 indexes increased by 6.12 points, or …
Read More »European Shares Start September With Gains
European shares rose on Wednesday as hopes for more stimulus battled fresh signs of weakness in Asian economies, while investors shook off concerns about rising inflation. After seven consecutive months of gains, the pan-European STOXX 600 index started September with a gain of 0.7%, close to its record highs set …
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