Japanese shares closed lower on Monday, as investors booked profits after a recent rally, but losses were limited thanks to a positive conclusion from domestic drug makers. The Nikkei index lost 0.99% to record 28,860.08 points at the close, while the broader Topix index fell 1.26% to 1922.98 points. The …
Read More »European Stocks Hit New Record High
European stocks rose on Friday, closing at a new record high, and registering weekly and monthly gains. The rise in European stocks was supported by an improved investors’ sentiment, following recent positive economic data. The German benchmark DAX and the French CAC40 indices closed higher by 0.74% and 0.75%, respectively. …
Read More »Eurozone Sentiment is at a 3-Year High
Data on Friday, May 28, showed economic sentiment in the eurozone improved more than expected, hitting a three-year high in May, with the biggest increases in the services, retail, and consumer sectors as governments eased pandemic-related restrictions. The European Commission’s index of economic sentiment rose to 114.5 in May from …
Read More »European Stoxx600 Index Rises 0.4% to a New Record High
European markets rose to record levels as global stocks were affected by strong economic data out of the US this week. The pan-European Stoxx600 index rose 0.4% in early trading, surpassing its record high on Thursday, and insurance stocks rose 1.2% to lead the gains as all sectors except the …
Read More »Japan Shares Close Higher With Growing bets on Recovery on Vaccine
Japanese stocks closed higher on Friday, May 28, as investors flocked to stocks linked to the wave of selling launched in the previous session by an adjustment by MSCI, while progress in the launch of vaccines raised risk appetite in hopes of a rapid economic recovery. The Nikkei index rose …
Read More »European Stocks Hover Near Their Peak and HSBC is Falling
There was little change in European stocks at the open Thursday, May 27, as losses in energy sector stocks were offset by gains in the mining sector, while Britain’s HSBC bank’s decision to exit US retail banking services was greeted with a tepid reception. The European Stoxx600 index settled at …
Read More »Japan Stocks Tumble on Profit-Taking Selling And Pandemic Fears
Japanese stocks fell Thursday, May 27, as investors trimmed their positions after a recent increase, in light of a possible extension of emergency measures linked to Covid-19, which raised concerns about the growth of the local economy. The Nikkei index trimmed its losses during the day, closing down 0.33% to …
Read More »Wall Street Closes Higher as Risk Sentiment Improves
The New York Stock Exchange (NYSE) finished mostly higher on Wednesday, as risk sentiment improves with recent remarks by the Federal Reserve officials easing inflation fears among Wall Street investors, especially in the absence of important economic data. The Dow Jones Industrial Average rose marginally by 10.6 points, or 0.03%, …
Read More »European Stocks Mixed as Reflation Fears East
European stocks rose on Wednesday, as inflation fears eased with an improvement in the risk sentiment among investors. The STOXX Europe 600 index finished marginally higher by a fraction of a point, to remain near its record highs. The travel and leisure stocks rose by about 1% on recovery hopes, …
Read More »Amazon Says it Has Reached an Agreement to Acquire MGM For $ 8.45 Billion
Amazon said it reached a deal to acquire MGM for $ 8.45 billion, to support the company’s efforts to cement its position in the entertainment and internet streaming sector. The deal is the largest since Amazon acquired Whole Food in 2017 for $ 13.7 billion.
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