The main indices of Wall Street closed marginally lower on Tuesday with anticipation for major economic data, but finished higher for the month The Dow Jones Industrial Average lost 39.11 or 0.11% to close August at 35,360.73, higher by 1.2%. The S&P 500 decreased by 6.11, or 0.13%, to end …
Read More »European Stocks Rise for Seventh Straight Month
European stocks finished lower on Tuesday, following the release of the August reading of the Consumer Price Index (CPI). The STOXX Europe 600 Index declined by 1.80 points or 0.38% to close at 470.88 points. For the month, the pan-European index gained 1.98%, in its best monthly performance since May. …
Read More »European Shares Are Heading For a Seventh Straight Month of Gains
European shares rose on Tuesday, August 31, heading towards the seventh consecutive month of gains, as hopes of adopting more policies to support the economy outweighed the economic risks associated with the increase in cases of Covid-19 disease due to the spread of the delta strain around the world. The …
Read More »Wall Street Mixed Logging New Record Highs
The main indices of the New York Stock Exchange (NYSE) closed mostly higher on Monday, with S&P 500 and the Nasdaq hitting new fresh closing record highs in the first session of the week. Wall Street investors showed an increased appetite for technology stocks. The Dow Jones Industrial Average lost …
Read More »European Stocks Finish Higher After German Data
European stocks finished Monday higher, opening the week with a positive performance, maintaining an upward trend for the second day in a row. The STOXX Europe 600 Index rose 0.34 point or 0.07% to 472.68 points. This is the highest closing value for the pan-European index since August 18. In …
Read More »European Shares Consolidate Near Record Highs
European shares rose on Monday, August 30, to consolidate near record highs reached earlier this month, as hopes that continued central bank support will maintain the economic recovery dispelled the impact of fears surrounding the delta strain of the Coronavirus. The STOXX 600 index of the broader European shares rose …
Read More »European Stocks Extend Weekly Gains
European stocks finished higher on Friday, extending the fifth weekly rise in six weeks, with a relative improvement in risk appetite. The STOXX Europe 600 index increased 2 points, or 0.42%, to close at 472.34 points. The pan-European index closed the week higher by or 0.75%, maintaining a month-to-date rise …
Read More »European Shares Decline Ahead of a Speech by The President of The US Federal Reserve
European shares fell ahead of a speech due to be delivered by Federal Reserve Chairman Jerome Powell. The pan-European STOXX 600 index fell 0.2% in early trading, with the travel and leisure and banking sectors leading the declines, after they achieved gains for most of the week. Investors are focused …
Read More »Wall Street Down Ahead of Powell’s Anticipated Speech
The benchmark indices of the New York Stock Exchange (NYSE) closed lower on Thursday, as Wall Street was impacted by the decline in risk appetite, ahead of a speech by the Federal Reserve Chairman Jerome Powell at the Jackson Hole economic symposium. This ended five and four consecutive sessions of …
Read More »European Stocks Finish Lower Following ECB’s Meeting Accounts
European stocks declined on Thursday, with investors anticipating more signs of recovery amid fears over the spread of the Coronavirus Delta variant. Earlier today, the European Central Bank’s meeting accounts showed a debate among board members about the forward guidance on interest rates. Similar to what we are expecting from …
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