The German DAX index records its highest levels in history, supported by the IFO index, which recorded its highest reading in two years, and supported by news that the largest residential real estate group in Europe, Vonovia and , has agreed to acquire its rival Deutsche Wohnen for about 18 …
Read More »Germany Leads Europe’s Shares Jump to a Record High After a Mega Acquisition
European stocks hit unprecedented levels on Tuesday, as investors were optimistic on the back of a $1 billion takeover that brought together two of Germany’s biggest real estate developers and comments that calmed inflation concerns. The pan-European STOXX 600 index rose 0.3% to 446.44 points, its highest level ever. The …
Read More »Japanese Stocks Closed Higher on Wall Street’s Gains
Japanese stocks closed higher on Tuesday as heavy domestic tech stocks were supported by a strong Nasdaq close overnight, but fears of a slow economic recovery due to a weak start to the vaccination campaign dampened gains. The Nikkei rose 0.67% to close at 28,553.98, while the Topix index rose …
Read More »Wall Street Close Higher with Solid Gains
The New York Stock Exchange (NYSE) finished higher on Monday, opening the week with solid gains on the back of a strong rebound by technology stocks, amid hopes in Wall Street for the economic recovery and a decline in Treasury bond yields. The Dow Jones Industrial Average rose by about …
Read More »European Stocks Close Higher Near All-Time High
European stocks finished higher on Monday, starting the last week of May with a positive performance, amid an improved risk sentiment on the back of positive earnings reports by major listed companies. The STOXX Europe 600 index finished higher by about 0.72% at 445.07 points, very close to its record …
Read More »European Shares Hovering Near All-Time Highs
European stocks hovered near all-time highs on Monday, as investors counted on the ongoing economic recovery and positive corporate business results to keep market momentum going. The pan-European STOXX 600 index rose 0.02% to 444.50 points, not far from its highest level ever at 446.19 points. Cineworld Group shares rose …
Read More »Japanese Stocks Closed Higher on Hopes For Global Economic Growth
Japanese stocks closed higher on Monday, driven by a boost from stocks sensitive to global economic growth, as investors were optimistic about positive data on US factory activities that helped the Dow index to close, adding to an increase in the previous session. The benchmark Nikkei index advanced 0.17% to …
Read More »Wall Street Closes Week Mixed Following Fluctuations
The New York Stock Exchange (NYSE) finished Friday on a mixed note, as positive economic data reflected positively amid an improved risk sentiment amid Wall Street investors. The Dow Jones Industrial Average rose by 123.69 points, or 0.36%, to close at 34,207.84 points. The S&P 500 lost 3.26 points, or …
Read More »European Stocks Recover and Finish the Week in Gains
European stocks closed higher on Friday, supported by positive economic data that took the attention away from inflation fears. Economic indicators showed an improvement in France’s business activity and the German services sector, with readings exceeding expectations in May. The STOXX Europe 600 index finished higher by 0.61%, with the …
Read More »Wall Street Rises for First Time in Four Sessions
The New York Stock Exchange (NYSE) closed higher on Thursday, following three consecutive declines, as risk appetite improved with Wall Street investors reversing the recent selling pressures. Inflation fears seem to be fading by the recently released minutes from the Federal Reserve’s latest meeting, which showed an expectation of discussing …
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