Shares in the Asia-Pacific region suffered sharp losses in trading on Friday, after the decline in Wall Street in yesterday’s session, as the rapid rise in bond yields raised investor concerns. In Japan, the Nikkei225 index led the losses among the major markets in the region as it fell by …
Read More »Moderna: We are Working on a Third Experimental Dose Targeting a New Mutated Strain of The Virus
“Moderna” revealed that it is working on a third experimental dose of the Coronavirus vaccine, targeting a new mutated strain of the virus. The company indicated that it shipped doses of the new vaccine to the National Institutes of Health for clinical trials, explaining that “Moderna is committed to making …
Read More »European Stocks Decline as Treasury Yields Rise
European stocks closed lower on Thursday, amid rising treasury yields and a negative performance by most market sectors. The STOXX Europe 600 index dropped by 0.36% to close at 411.73 points. The chemicals sector led the losses as it fell by 1.8%. The French CAC40 index finished lower by 0.24%, …
Read More »Mining And Banking Lead The European Markets Higher
European stocks rose on Thursday, led by sectors seen as benefiting from a broader economic recovery as the US Federal Reserve indicated that it would maintain a loose monetary policy, while Standard Chartered shares fell as the bank’s annual earnings fell. The Bank of England lost 2.8% even after it …
Read More »Nikkei Rises to 30,000 Again With The Growing Optimism About The Economy
Japan’s Nikkei index closed on Thursday above 30,000, after comments by Federal Reserve Chairman Jerome Powell indicated that interest rates would remain low for a long time. The benchmark Nikkei index rose 1.67% to 30,168.27 points. The broader TOPIX index rose 1.22% to 1,926.23 points. Powell told lawmakers on Wednesday …
Read More »NYSE Closes Higher with the Dow Seeing a Record Close
The New York Stock Exchange (NYSE) closed higher on Wednesday, supported by the approval of the Johnson & Johnson’s vaccine for emergency use in the United States. In addition, the market was supported by the remarks of the United States Federal Reserve Jerome Powell in his testimony to the House …
Read More »European Stocks Close Higher on Positive Data
European stocks closed higher on Wednesday, supported by positive economic data and a good performance by most market sectors. The STOXX Europe 600 index rose by 0.45% to close at 413.19 points. The German DAX finished higher by 0.80%, while the French CAC40 index gained 0.31%. Meanwhile, the UK’s FTSE100 …
Read More »European Stocks Rise on to Positive Data From Germany And AstraZeneca
European stocks rose on Wednesday, February 24th, supported by better-than-expected growth for the German economy, but gains were limited by concerns about a possible increase in inflation and higher equity valuations. Official data showed that rising exports and strong construction activities helped the German economy grow at a stronger rate …
Read More »NYSE Rebounds Following Remarks by Fed Chair
The New York Stock Exchange (NYSE) closed mostly higher on Tuesday, showing a positive performance that was supported by economic data and remarks by the Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average finished marginally higher by 15.66 points, or 0.05%, at 31,537.35 points, after falling by 1.2% …
Read More »European Stocks Close in Red
European stocks declined on Tuesday, as markets continue to be affected by the rise in Treasury yields, amid a negative performance by tech stocks. The STOXX Europe 600 index fell by 0.52%, with the technology sector leading the losses and dropping by 1.8%. The German DAX index finished lower by …
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