The main indices of the New York Stock Exchange (NYSE) rebounded on Friday but Wall Street could not recoup their recent losses to finish the week down after the U.S. Federal Reserve signaled plans to scale back asset purchases possibly before the end of the year. Most market sectors showed …
Read More »Europe’s Stocks Log Worst Weekly Performance in Six Months
European stocks rose on Friday but failed to recover from its biggest weekly losses since late February. The STOXX Europe 600 Index added 1.56 points, or 0.33%, in its biggest daily rise since August 11, to close at 468.80 points, snapping a four-week rising streak with a weekly loss of …
Read More »Wall Street Opens Higher ahead of Weekend
Wall Street opened higher on Friday, showing signs of a rebound after taper talks in the Fed July meeting minutes weighed on investor’s sentiment. In addition, a hawkish tone by Dallas Fed President Robert Kaplan calmed market fears over scaling back asset purchases too soon. Kaplan told Fox News earlier …
Read More »European Shares Set For Worst Week in 6 Months on Virus And Growth Fears
European shares halted their decline today, but their main index is still on track to record the worst week since February, due to signs of slowing growth, rising Covid-19 infections, and fears of reducing monetary stimulus earlier than expected. The pan-European Stoxx 600 index rose 0.1 percent, after falling 1.5 …
Read More »Wall Street Mixed with Investors Reacting to Fed Minutes
The main indices of the New York Stock Exchange (NYSE) finished Thursday with a mixed performance. Despite a rebound by tech stocks, with the decline in Treasury bond yields, Wall Street remained negatively impacted by the Federal Reserve’s July meeting minutes that indicated plans to scale asset purchases sooner than …
Read More »European Stocks React to Fed Minutes with Worst Losses in a Month
Europe’s stock plunged on Thursday, with markets reacting to the release of the U.S. Federal Reserve’s July meeting minutes that showed plans to cut the massive asset purchases later this year or early the next. A drop in commodity prices also contributed to the losses of the mining sector, with …
Read More »Wall Street Opens Lower on Fears of Subsidy Cuts And Commodity Losses
US stocks opened lower on Thursday on concerns that the Federal Reserve may begin to rein in its massive monetary stimulus program, while commodity-related stocks tumbled as oil and metals prices sank to a multi-month low. The Dow Jones Industrial Average fell 86.02 points, or 0.25 percent, to 34,874.67 points, …
Read More »European Shares Fall 1% on Fears of Monetary Tightening
European shares retreated more than 1%, amid fears of a faster-than-expected global monetary policy tightening, while lower commodity prices dented mining stocks to their lowest level in a month. The pan-European STOXX 600 index fell 1.5%, to its lowest level in two weeks, while mining shares fell 4.2%. Asian stocks …
Read More »Wall Street Extends Losses Following Fed’s Minutes
The benchmark indices in the New York Stock Exchange (NYSE) finished lower for the second consecutive session on Wednesday, with Wall Street responding to the Federal Reserve’s July meeting minutes that showed a path to cut back the massive asset purchases before the end of 2021 or in January. The …
Read More »European Stocks Close with Modest Gains
European stocks returned to gains on Tuesday, closing marginally higher with investors closely following recent economic data that renewed concerns over the pace of recovery with the spread of the Coronavirus Delta variant. The STOXX Europe 600 index added 0.33 points, or 0.07%, to close at 473.78 points. The healthcare …
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