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.
Read More »Japan’s Government Cuts Economic View in May
In its May report, the Japanese government slashed its economic view for the first time in three months, in the face of the impact of the COVID-19 state of emergency. “The government cut its assessment of the overall economy for the second time this year, after also doing so in …
Read More »European Stocks Rise as Central Banks Pledge Easy Monetary Policies
European stocks rose near their highest levels ever today, Wednesday, amid pledges by a number of policymakers in central banks to maintain a soft monetary policy despite recent indications of rising inflation. The European Stoxx 600 index rose 0.3%, the German DAX index rose 0.4%, the French CAC 40 index …
Read More »Japan Shares Snapped Slight Gains By The End of Asian Session
Japanese stocks made slight gains today, Wednesday, to record up for the fifth consecutive day, but lacked momentum in light of the uncertainty surrounding the global inflation situation and the local cases of coronavirus, which discourages investors from testing major resistance levels on the upside. The Nikkei index rose 0.31% …
Read More »Wall Street Closes Lower on Negative Data
The New York Stock Exchange (NYSE) finished lower on Tuesday, as negative economic data reflected negatively on the risk sentiment among Wall Street investors. In addition, reflation fears and expectations about possible monetary policy changes by the United States Federal Reserve also affected the market. The Dow Jones Industrial Average …
Read More »European Stocks Settle with Marginal Gains
European stocks showed a mixed performance on Tuesday, with markets yet to fully recover from reflation fears. The STOXX Europe 600 index closed marginally higher by about 0.03%, near its record high, as the technology sector surged by 1.3%, while the mining sector plunged by about 1.8%. The French CAC40 …
Read More »Moderna: The Effectiveness of The Corona Vaccine in Children Between 12 and 17 Years Has Reached 100%
Moderna said its vaccine for Covid-19 was 100% effective in a study of adolescents aged 12-17 years as the second vaccine after Pfizer to prove highly effective in younger age groups. The company is seeking FDA approval by next June.
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