Japanese shares closed higher on Wednesday, June 2, buoyed by gains in the hotel sector, as increased activity in vaccination campaigns raised hopes of resuming economic activities, while shares of automakers rose to new records amid an increase in global demand. The Nikkei index rose 0.46% to close at 28946.14 …
Read More »Wall Street Closes Mixed on Economic Data and Rise in Treasury Yields
The New York Stock Exchange (NYSE) finished Tuesday’s trading session on a mixed note, failing to maintain its earlier gains that came on the back of positive expectations in Wall Street due to the release of positive economic data. Positive reading of the ISM manufacturing sector’s PMI helped technology stocks …
Read More »Japan’s Nikkei Closes Lower Before Important US Data
The main Japanese stock index, Nikkei, closed slightly lower on Tuesday, June 1, as investors awaited two important US economic reports, but losses were limited by hopes that the local economy would return to normal activity in light of the increase in vaccination activity despite the delay. The Nikkei index …
Read More »European Stocks Hit New All-Time High
European stocks finished higher on Tuesday, beginning June with a positive performance, amid positive expectations for economic recovery. Last month, European stocks registered their fourth consecutive monthly rise. The STOXX Europe 600 gained 0.75% to settle at a new record high closing level at 450.10 points. The German benchmark index …
Read More »European Stocks Retreat from Record Highs and Close Lower
European stocks finished lower on Monday, with markets reacting to the recent inflation data. The STOXX Europe 600 index lost 0.49% to close at 446.76 points. The pan-European index ended last week at a new record high, registering weekly and monthly gains. The French CAC40 index ended today’s session lower …
Read More »Japanese Factory Production Grows in April Thanks to Capital Goods
Japan’s industrial production continued to grow in April as manufacturers benefited from a recovery in appetite for capital goods, especially in key overseas markets. The world’s third-largest economy is expected to grow this quarter at a much slower pace than previously thought after the government extended anti-coronavirus measures in Tokyo …
Read More »European Shares Fall From Record Levels
European shares fell from record levels on Monday, amid weak trading due to holidays in major markets, but optimism about a quick economic recovery is heading the main index towards achieving gains for the fourth consecutive month. The pan-European STOXX 600 index fell 0.1%, and shares in Frankfurt fell 0.2%, …
Read More »Japan Shares Close Lower on Profit-Taking
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 …
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