Japanese stocks plunged to an almost 8-week low on Friday, July 9, on fears of a slowing economic recovery after the country declared a state of emergency to curb the outbreak of the Coronavirus, but losses were curbed by hopes that the Bank of Japan might intervene to support the …
Read More »Wall Street Drops Due to Pandemic and Recovery Concerns
The New York Stock Exchange (NYSE) closed lower on Thursday, with the main indices on Wall Street seeing their worst daily losses since June 18. Rising demand for Treasury bonds and safe haven amid concerns about the rising number of Coronavirus (COVID-19) cases infected mainly with the variants are negatively …
Read More »European Stocks Log Worst Losses in Two Months
European stocks dropped on Thursday, with all market sectors closing in red, amid worried about the new coronavirus (COVID-19) variants. The pandemic-related concerns are driving more investors into safe havens, such as the bonds, which is reflecting negatively on the stock market due to questions about maintaining the pace of …
Read More »Japanese Shares Fall After Tokyo Declared a State of Emergency Ahead of The Olympics
Japanese stocks fell Thursday, July 8, before the country announced the re-imposition of a state of emergency to contain the rise in COVID-19 cases, which raised fears of an economic slowdown. The benchmark Nikki index fell by 0.88% to its lowest closing level in more than two weeks at 28,118.03 …
Read More »European Stocks Rebound and Near All-Time Closing High
European stocks closed higher on Wednesday after the European Commission increased its expectations for economic growth in the Eurozone. The European Union is now projecting the Eurozone gross domestic product (GDP) to grow by 4.8% in 2021 and 4.5% for 2022. The STOXX Europe 600 index rose by 3.55 points, …
Read More »Japan Shares Close Lower as Chip Sector Slumps on COVID-19 Fears
Japan shares closed lower on Wednesday, hurt by chip-related stocks, as concerns about rising COVID-19 cases ahead of the Olympics dampened sentiment. The Nikkei index fell 0.96% to close at 28366.95 points, while the broader Topix index fell 0.86% to 1937.68 points. Chip-related stocks tracked the decline in the Philadelphia …
Read More »Wall Street Begins Week with Mixed Performance
The New York Stock Exchange (NYSE) began the week with a mixed performance, following a long weekend at Wall Street due to the Independence Day holiday. While the Dow and the S&P indices finished lower, th Nasdaq achieved modest gains to close at a new record high. The Dow Jones …
Read More »European Stocks Fall on Mixed Economic Data
European stocks closed lower on Tuesday after the release of mixed economic data and on the regional and local levels. Eurozone retail sales increased more than expected in May, by 4.6%, according to data by Eurostat. Meanwhile, industrial orders in German unexpectedly dropped by 3.7% in May, marking its biggest …
Read More »European Shares Fall After 3 Sessions of Gains
European shares fell in early trading after gains over three sessions, as a jump in commodity shares was offset by weak trading in Asia and a sudden drop in industrial orders in Germany. The pan-European Stoxx 600 index fell 0.1%, with auto stocks recording the biggest decline. Data showed that …
Read More »Japan’s Nikkei Rises With SoftBank’s Recovery
The Nikkei index closed slightly higher on the Tokyo Stock Exchange on Tuesday, with the recovery of SoftBank and Fast Retailing shares, but fears of a possible increase in Coronavirus infections during the Olympic Games capped gains. The Nikkei gained 0.16 percent to record 28,643.21 points, giving up an early …
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