The main indices of the New York Stock Exchange (NYSE) rose on Thursday in early trades, despite today’s data showing a surge in inflation to its highest level since 2008, with the S&P 500 index hitting a new record high. Wall Street investors are awaiting whether the 5% rise in …
Read More »Oil Rebounds After a Hit From US Travel Season Data
Oil prices rose Thursday, June 10, a day after falling due to data indicating weak demand for fuel in the American driving season, while investors awaited upcoming US economic data. Brent crude futures rose 18 cents, or 0.25%, to $72.40 a barrel, close to a peak not seen since May …
Read More »Car And Oil Companies Press on European Shares Before The ECB meeting
European shares fell Thursday, June 10 as energy and auto stocks fell, as investors focused on the European Central Bank meeting later in the day. The European Stoxx600 index was down 0.1%, ending a four-day winning streak. Eurozone shares fell 0.2% ahead of the European Central Bank’s policy decision and …
Read More »Wall Street Declines Ahead of Inflation Data
The main indices of the New York Stock (NYSE) closed lower on Wednesday, to erase earlier gains, with Wall Street investors anxiously awaiting the release of inflation data and reacting to the drop in Treasury bond yields. The Dow Jones Industrial Average lost 152.68, or 0.44%, to close at 34,447.14 …
Read More »European Stocks Close Mixed ahead of ECB Meeting
European stocks showed a mixed performance on Wednesday, with investors awaiting the decision of the European Central Bank (ECB) regarding the future of the Pandemic Emergency Purchase Programme (PEPP). The pan-European STOXX 600 index rose marginally by a little less than 0.1% at 454.44 points. The benchmark index in France, …
Read More »Japan Shares Close Lower Ahead of US Inflation Data
Japanese shares closed lower on Wednesday, June 9, on profit-taking sales of shipping and semiconductor shares, while investors awaited US inflation data that may have an impact on when the US Federal Reserve will reduce its stimulus program. Financial sector stocks and insurance companies fell after the decline in US …
Read More »Utilities And Telecommunications Support European Shares
European shares rose on Tuesday, June 8, boosted by utilities and telecoms companies, but weak German industrial output and doubts about a UK lifting of restrictions later this month capped gains. The European Stoxx600 index rose 0.2% by euro morning, holding below its highest level ever, while sectors considered more …
Read More »NYSE Closes Mixed with Nasdaq Rising
The New York Stock Exchange (NYSE) showed a mixed performance on Monday, with high Treasury bond yields and anticipation for the upcoming inflation data dominating the market in the beginning of the week. The Dow Jones Industrial Average closed down by about 126 points, or 0.36%, at 34,630.24 points. The …
Read More »European Stocks Finish at New Record High
European stocks rose on Monday, to begin the new week with a positive performance, hitting a new all-time record high. The STOXX Europe 600 index added 0.22% and finished at 453.56 points. Strong gains by the auto sector, which reached its best level since March 2015, provided support for the …
Read More »Wall Street Indices Mostly Lower in Early Trading
The main indices of the New York Stock Exchange (NYSE) opened mostly lower on Monday, amid a rise in the U.S. Treasury bond yields. In addition, Wall Street investors are anticipating a series of important economic data this week, which will reflect the state of economic recovery from the Coronavirus …
Read More »