European stocks finished higher for the third consecutive session on Monday, rebounding from earlier losses to begin the week with a positive performance, despite concerns about the new variants of the coronavirus. The pan-European STOXX 600 index rose by 1.55 points, or 0.34%, to close at 458.36 points. This marked …
Read More »Virus Fears Keep European Shares Below Record Levels
European shares were stuck below all-time highs, as the global spread of the mutated Delta strain of the Corona virus raised fears of an economic stumble, but Morrisons shares jumped as the battle for the British company intensified.The pan-European Stoxx 600 index fell 0.11 percent, and the shares of travel …
Read More »European Stocks Narrow Weekly Losses
European stocks closed higher on Friday for the second consecutive session, supported by a positive performance by leisure and travel stocks, despite losses by the banking stocks, which limited gained amid concerns about the Delta variant of the Coronavirus. The STOXX Europe 600 Index gained 1.18 points or 0.26% and …
Read More »Nikkei Closes Higher With Support From Sony and Toyota
Japan’s Nikkei closed higher on Friday, July 2, as gains in export-focused Sony and Toyota Motor Group offset by a weaker yen in chip-related stocks, but the index closed lower for the week on concerns about new infections with the Coronavirus. The Nikkei index rose 0.27% to 28,783.28 points, after …
Read More »Wall Street Begins H2 with More Record-Breaking
The New York Stock Exchange (NYSE) finished higher on Thursday, opening July and the second half of the year with another record-breaking performance, with Wall Street investors optimistic about the upcoming jobs report. Recent economic data showed progress on the road to recovery from the coronavirus pandemic, with the drop …
Read More »The S&P 500 Starts The 2nd Half of 2021 at a New Peak
The S&P 500 index started the second half of the year at record levels on Thursday after data showed that the number of weekly applications for unemployment benefits came in less than expected, while Walgreens shares gained after the company raised its forecast for annual profits. The S&P 500 index …
Read More »Japan Shares Fall on Slowdown Fears Due to Rising Coronavirus Cases
Japanese stocks closed lower Thursday, July 1, as they were pressured by concerns that a rise in COVID-19 infections could extend restrictions and slow economic recovery. The Nikkei index fell 0.29% to 28,707.04 points, while the broader Topix index fell 0.22% to 1939.21 points. Japan is likely to extend coronavirus …
Read More »Ford to Shut Down North American Plans Due to Semiconductors Shortage
Ford Motor plans to shut down several of its factories in North America due to the global shortage of semiconductors. The closure will take place for a few weeks over the course of July and August. The supply disruption might cost the company as much as $2.5 billion this year, …
Read More »European Stocks Maintain Monthly and Quarterly Gains
European stocks closed lower on Wednesday, amid concerns about the rising number of coronavirus cases, especially of the Delta variant, as well as reflation fears. The STOXX Europe 600 index lost 3.53 points, or 0.77%, and closed at 452.84 points. This market the biggest daily loss for the pan-European index …
Read More »Japan Shares Close Lower And Incur Losses in June on Concerns About The Outlook
Japanese stocks fell on Wednesday, June 30, as the highly contagious delta strain of the coronavirus spread in Asia, while the benchmark index suffered losses in June on worries about the economic outlook. The stock market ended the last trading day of the month with a loss for the tenth …
Read More »