The benchmark indices of the New York Stock Exchange (NYSE) closed higher on Thursday, with the Dow and S&P ending the session at all-time highs, as Wall Street investors reacted positively to inflation data that eased worries about a possible reflation due to the increase in stimulus spending. Positive jobs …
Read More »European Stocks Hit Year-High Following ECB Statement
European stocks rose on Thursday to their best level in about a year, supported by the dovish tone of the European Central Bank (ECB), which earlier today decided to maintain interest rates and signaled plans to expand its asset purchases in the coming quarter. Reduced fears about a reflation gave …
Read More »Japan Shares Closed Higher on Rise of Business Cycle Companies
Japanese shares closed higher on Thursday, March 11th, as investors snapped up shares related to the economic cycle that fell earlier, but the gains were capped by investors who lowered their positions in some heavyweight stocks. The Nikkei index rose 0.6% to 29,211.64 points, while the broader Topix index rose …
Read More »NYSE Indices Mixed at Wednesday’s Close
The New York Stock Exchange (NYSE) closed Wednesday’s trading session on a mixed note, as inflation data helped ease reflation fears and pushed Treasury bond yields further down. The Dow Jones Industrial Average gained 464.28 points, or 1.46%, and finished at 32,297.02 points. The S&P 500 index closed at 3,898.81 …
Read More »European Stocks Maintain Gains for Third Day in Row
European stocks finished Wednesday higher, extending its weekly gains after rising for the third consecutive session. Inflation data in the United States, which came below market expectations, helped reduce concerns about a surge in inflation and reflected positively on investors’ sentiment. The STOXX Europe 600 index closed higher by 0.38% …
Read More »European Stocks Fell, Led by Mining And Travel Sectors
European stocks fell on Wednesday, March 10, after rising close to pre-pandemic levels yesterday, as concerns about rising inflation kept investors anxious, and mining and travel stocks led the decline. The European Stoxx600 index fell 0.3%, after hitting its highest level since late February 2020 on Tuesday. Shares in economically …
Read More »Japan Shares Closed Flat, Fund Sales Wiped Out Tech Firms’ Gains
Japanese stocks were largely unchanged on Wednesday, March 10, as sales of domestic funds before the end of the fiscal year wiped out gains in tech stocks that tracked Wall Street’s rally last night. The Nikkei rose 0.03% to close at 29036.56 points, while the Topix gained 0.11% to 1919.74 …
Read More »NYSE Finishes with Big Gains as Treasury Yields Stabilize
The New York Stock Exchange (NYSE) rose on Tuesday and finished with strong gains, as Treasury bond yields in the United States pulled back from their highest level in about 13 months, and with tech stocks rising following strong selling pressures. The Dow Jones Industrial Average finished higher by 30 …
Read More »Coupang Targets $58 B Valuation on Wall Street
Coupang, a South Korea-based e-commerce company, has raised the price target for its initial public offering (IPO) on the New York Stock Exchange (NYSE), aiming at a valuation of $58 billion. The IPO is expected to be the largest on Wall Street since Alibaba’s in 2014. In addition, the boom …
Read More »European Stocks Close Higher as Treasury Yields Decline
European shares finished Tuesday higher, supported by the decline in U.S. Treasury bond yields, despite data showing a contraction in the Eurozone’s economy during the fourth quarter (Q4) of 2020. The STOXX Europe 600 increased by 0.86% and finished at 420.82 points. The German benchmark index DAX settled higher by …
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