European stocks finished lower on Wednesday, after a 30% decline by the debutant Deliveroo stock on the London Stock Exchange (LSE) weighed on the market. The STOXX Europe 600 index declined by 0.24% at 429.60 points, remaining near it all-time record closing level seen on February 19, 2020, at 433.90 …
Read More »Reuters – Pfizer announces positive topline results of COVID-19 vaccine study in adolescents
Pfizer-BioNTech announced on Wednesday that their COVID-19 demonstrated 100% efficacy and robust antibody responses in participants aged 12-15 years old, as reported by Reuters. “Companies plan to submit these data to the US Food and Drug Administration (FDA) and the European Medicines Agency (EMA) as soon as possible to request …
Read More »Wall Street Closes Lower Awaiting Biden’s Infrastructure Plan
he New York Stock Exchange (NYSE) closed Tuesday with relatively small losses, as Wall Street investors were impacted by the tech sector losses that resulted from a surge in Treasury bond yields to their highest level in about 14 months. The Dow Jones Industrial Average declined by 104.41 points, or …
Read More »European Stocks Close in Green Nearing its All-Time High
European stocks closed higher on Tuesday, amid hopes for economic recovery from the impact of the Coronavirus pandemic with the rollout of vaccines. The STOXX Europe 600 index rose by 0.81% to close at 431.06 points, nearing its all-time record high of nearly 434 points, supported by the auto sector …
Read More »Wall Street Opens Lower as Treasury Yields Rise
The main indices of the New York Stock Exchange (NYSE) opened lower on Tuesday, amid a surge in the U.S. Treasury bond yields. The Dow Jones Industrial Average is down by 75.32 points, or 0.23%, at 33,096.05 points. The S&P 500 index declined by 12.44 points, or 0.31%, at 3,958.65 …
Read More »European Stocks Close Mostly Higher
European stocks finished mostly higher on Monday, with limited gains due to concerns about the third wave of the Coronavirus pandemic. The STOXX Europe 600 index closed higher by 0.2%, with the stocks of food and beverages leading the rise and adding 1.5%. In the UK, the FTSE100 index settled marginally …
Read More »European Stocks Near Record Levels Amid Hopes of Recovery
European stocks approached record highs Monday, March 29, thanks to optimism about the global economic recovery, while Credit Suisse plunged following a warning of “significant” losses due to exit from positions after a US-based hedge fund defaulted on margin calls. Swiss bank shares lost 9.5% after it said an unnamed …
Read More »Wall Street Close Friday with Large Gains
The New York Stock Exchange (NYSE) finished Friday with large gains, supported by the rise of many sectors led by tech, healthcare, and financial services, amid positive expectations for economic recovery that reflected positively on Wall Street. The Dow Jones Industrial Average gained 453.4 points, or 1.39%, to close at …
Read More »European Stocks Close Higher Supported by Mining and Tech Gains
European stocks finished Friday higher, supported by an improved investors’ sentiment amid positive expectations for the distribution of vaccines and recovering economies. The pan-European index STOXX 600 gained 0.91% and finished at 426.95 points, nearing its all-time high as it ended the week in gains for the fourth consecutive week, …
Read More »Commodity Gains Push European Shares to a One-Week High
European stocks rose today, supported by gains made by commodity-related companies as investors balance concerns about rising coronavirus infections with the prospects for a stronger economic recovery in the United States. The pan-European STOXX 600 index rose 0.8%, reaching its highest level in a week. The benchmark index is on …
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