The main indices of the New York Stock Exchange (NYSE) finished Tuesday lower, despite U.S. Treasury yields continuing to decline from their record levels, with Wall Street investors anticipating the passing of the $1.9 trillion stimulus package by the Senate. The market’s decline was led by the losses of the …
Read More »European Stocks Continues to Rise As Treasury Yields Stabilize
European stocks closed higher on Tuesday, amid a decline in Treasury yields leading to an improvement in investors’ sentiment. The pan-continental STOXX Europe 600 index finished higher by 0.19% at 413.23 points, following its strong performance on Monday. The French CAC40 index rose by 0.29%, while the German DAX gained …
Read More »Japan Shares Closed Lower as Investors Booked Profits
Japanese stocks reversed their direction to close lower on Tuesday, March 2nd as investors booked profits following the strong rally in indices before the end of the fiscal year this month. Investors close their books at the end of the financial year on the last day of March, and many …
Read More »European Stocks Recover as Bond Markets Stabilize
European stocks rose today after heavy losses incurred last week in light of the decline in sales in the bond markets, as well as boosted sentiment optimism about vaccination campaigns to prevent Covid-19 and a US stimulus package. The pan-regional STOXX 600 index rose 1.6%, following strong gains for Asian …
Read More »The Japanese TOPIX Posted Largest Gain in 7 Months on Nasdaq Recovery
The Japanese TOPIX index recorded the largest jump in seven months with the halt in US Treasury bond sales, which supported the Nasdaq index, which is full of technology stocks and led to the rise of shares of local chipmakers. The index jumped 2.04% to 1894.94 points, the biggest gain …
Read More »European Stocks End Week Lower Decreasing Monthly Rise
European stocks closed lower on Friday, extending their weekly losses, amid a rise in treasury yields. The STOXX Europe 600 index declined by 1.72% to finish the week at 404.64 points, declining by 2.5% on a weekly basis. On the monthly level, the pan-European index gained 2.2%. The French CAC40 …
Read More »European Shares Down More Than 1% on Surge in Bond Selling
European shares tumbled 1.5% on Friday, led by mining and technology companies, as a jump in bond yields and concerns about rising equity valuations hurt demand for riskier assets. The benchmark European stocks index is on track to post its worst single-day performance this month.
Read More »Japan’s Nikkei Closed 4% Lower on Concerns Over Rising Bond Yields
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%, …
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