European stocks closed higher on Thursday, supported by the U.S. Federal Reserve vowing to maintain the low interest rates and expecting strong economic growth this year. The STOXX Europe 600 index finished higher by 0.46% at 426.87, nearing its record high of 433.90, which was recorded on February 19, 2020. …
Read More »German DAX Rises to a Record High, Supported by Carmaker Stocks
Auto stocks lifted the German DAX index to a record high Thursday, March 18th, while leading eurozone stocks jumped to pre-pandemic levels after the US Federal Reserve pledged to keep interest rates low despite anticipating increased economic growth. The index of the 50 largest companies in the euro area gained …
Read More »Japan Shares Jumped on Fed’s Growth Forecast
Japanese stocks jumped Thursday, March 18th, while the Topix index reached a 30-year high, supported by the US Federal Reserve’s expectation of rapid economic growth and its pledge to keep interest rates low. The broader Topix index advanced 1.23% to close at 2008.51 points, surpassing the 2000 level for the …
Read More »Wall Street Closes Higher on Upbeat Fed Expectations
The New York Stock Exchange (NYSE) finished higher on Wednesday, after the Federal Reserve expected high economic growth in the U.S. this year, and despite expectations that inflation rate will exceed 2% this year. The Fed also maintained interest rates and vowed to keep the current pace of asset purchases …
Read More »European Stocks Close Mostly Lower Ahead of Fed Statement
European stocks finished lower on Wednesday with investors awaiting the outcome of the U.S. Federal Reserve policy meeting later today. The STOXX Europe 600 index declined by 0.41% and closed at 425.08 points, with the mining sector leading the decline and losing 1.9%, while the auto sector continued to make …
Read More »Wall Street Mostly Lower at Early Trade
The main indices of the New York Stock Exchange (NYSE) are showing a mixed performance during Wednesday’s trading session. Rising Treasury bond yields ahead of the release of the Federal Reserve second policy statement this year are increasing selling pressures in Wall Street. The Dow Jones Industrial Average is up …
Read More »Japan Shares Closed Flat as Investors Awaited The Fed Meeting
Japan shares closed flat on Wednesday, as gains in the health care sector were offset by profit-reaping selling in the technology sector, despite the continuing state of caution in general ahead of important meetings of the US Federal Reserve (central bank) and the Bank of Japan. The Nikkei index closed …
Read More »Wall Street Closes Mostly Lower Ahead of Fed Meeting
The New York Stock Exchange (NYSE) finished mostly lower on Tuesday with Wall Street investors shifting their focus towards the outcomes of the U.S. Federal Reserve policy meeting. The Dow Jones Industrial Average ended an upward trend that lasted for seven sessions including four consecutive record closing levels until yesterday, …
Read More »European Stocks Close Higher Ahead of Fed Meeting
European stocks rose on Tuesday, amid positive expectations about economic recovery, and a positive performance by the auto sector after Germany’s Volkswagen announced positive forecasts for the industry. The pan-European STOXX 600 index gained 0.87% and closed at 426.75 points. Meanwhile, the French CAC40 added 0.32%, while the German DAX …
Read More »European Shares Rise, Supported by Positive Outlook
European stocks rose on Tuesday, March 16th, as German online fashion retailer Zalando and carmaker Volkswagen jumped on a positive earnings outlook, while investors awaited the US Federal Reserve’s views on recent inflation increases. The European Stoxx600 index rose 0.4%, growing closer to an all-time high reached last year and …
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