Major indices of the New York Stock Exchange (NYSE) surged in early Monday trade to new record highs, supported by the recent strong employment data and positive sentiment in Wall Street towards signs for recovery from the Coronavirus pandemic. The Dow Jones Industrial Average is up by about 402 points, …
Read More »Japanese Stocks Closed Higher on Strong US Jobs Data
Japanese stocks closed higher on Monday, April 5, as strong employment data in the United States reinforced optimism about the recovery of the world’s largest economy, prompting investors to buy index-heavy stocks such as Softbank Group and Fast Retailing, in addition to shares of companies linked to the chip industry. …
Read More »Pfizer&BionTech: Our Vaccine is 91% Effective And Provides Protection Against The South African Strain
Pfizer and BionTech said their COVID-19 vaccine is 91% effective in preventing the disease, according to new trial data that included participants who were vaccinated up to six months ago. The vaccine was 100% effective in preventing the disease among the participants in the trial in South Africa, where a …
Read More »Japan’s Nikkei Hits a Two-Week High on Hopes of a Recovery in Corporate Earnings
Japanese shares closed higher on Friday, while the Nikkei index reached a two-week high, on hopes of recovering corporate earnings and gains in semiconductor stocks as companies appear to be ramping up production to address a global chip shortage. The Nikkei rose 1.58% to close at 29,854 points. The broader …
Read More »Wall Street Finish Higher on Positive Economic Data
The New York Stock Exchange (NYSE) closed higher on Thursday, supported by a positive sentiment and economic data that showed a healthy performance by the manufacturing sector. Accordingly, the S&P 500 index closed at a new all-time high, despite a rise in jobless claims in the U.S. The Dow Jones …
Read More »European Stocks Close Higher Following Positive PMI Reading
European stocks finished higher on Thursday, supported by an improved investors’ sentiment following the release of positive economic data. The STOXX Europe 600 index finished higher by 0.67% at 432.49 points, on the back of a 2% rise by the technology sector. Earlier today, data showed that the manufacturing activity …
Read More »Eurozone Factory Activities Rise in March
The monthly growth of factory activities in the euro area increased at the fastest pace in the history of an important survey of companies extending to nearly 24 years last month, but disruptions in supply chains and renewed general isolation measures in the region may curb activity soon. With Europe …
Read More »European Stocks Enter a New Quarter With Limited Gains
European stocks began the new quarter with limited gains Thursday, April 1, as concerns about another wave of Covid-19, with France imposing a third lockdown measure, overshadowed optimism about a new spending plan for the US government. The European Stoxx600 index rose 0.2% in early trade, hovering three points below …
Read More »Japan Stocks Rise on Tech Sector
Japanese stocks rose Thursday, April 1st, as investors snapped up shares of semiconductor companies on the first day of the new fiscal year, thanks to hopes for strong corporate business results. The benchmark Nikkei index closed 0.72% higher at 29,388.87 points, while the broader Topix index increased 0.19% to 1,957.64 …
Read More »Wall Street Maintains Gains for Fourth Straight Quarter
The New York Stock Exchange (NYSE) finished Wednesday’s trading session with a mixed performance, as the technology sector rebounded. Meanwhile, the main three indices on Wall Street closed March with the fourth consecutive quarterly gains, supported by an improved sentiment towards economic recovery. The Dow Jones Industrial Average lost 85.41 …
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