European stocks rose on Friday, extending their gains for the third consecutive week, amid improved investors’ sentiment that was supported by positive earnings reports by leading listed companies and positive economic data that fueled hopes for recovery from the Coronavirus pandemic. The STOXX Europe 600 index finished higher by 0.5%, …
Read More »European Shares Rise on Positive Earnings From Hermes
European stocks rose as a positive earnings report from Hermes bolstered confidence in a broader economic recovery, but the benchmark STOXX is set to end a two-week winning streak on concerns about rising inflation. The European index rose 0.1%, while Hermes shares jumped 5.7%, as the manufacturer of Birkin bags …
Read More »Nikkei Index Falls on Profit-Taking But Makes weekly Gains
Japan’s Nikkei index fell on Friday, as the pre-weekend profit-taking sell-off outperformed optimism about a general economic recovery, but the index gained for the third week in a row. The Nikkei fell 0.72% to 30,017.92 points, further moving away from its 30-year-and-a-half high of 30,714.52 points it touched on Monday. …
Read More »NYSE Indices Close in Red on Negative Data
The main indices of the New York Stock Exchange (NYSE) closed lower on Thursday, amid a mixed performance by the Treasury bond yields that remained at high levels. In addition, negative economic data led to a negative sentiment regarding the pace of economic recovery from the impacts of the Coronavirus …
Read More »European Shares Closed Lower as Bond Yields Rose And Inflation Worries
European stocks retreated from nearly a year highs on Wednesday as riskier assets shied away due to concerns about a potential inflation spurt and rising bond yields, while Gucci owner Kering led losses after announcing a drop in sales. The pan-European STOXX 600 index closed 0.7% lower, while the London …
Read More »Japan Shares Drop in Cautious Atmosphere Regarding Market Expectations
Japanese stocks fell slightly Thursday, February 18th as investors turned to caution about the continuation of the recent rally that lifted the market above 30,000 points, but strong gains in Fast retailer operating the Uniqlo apparel chain limited the decline. The benchmark Nikkei index fell 0.19% to 30,236.09 points, losing …
Read More »European Stocks Decline as Treasury Yields Rise
European stocks declined on Wednesday, amid expectations for a rise in inflation and the surging Treasury yields. The pan-European STOXX 600 index finished lower by 0.78%, as most of the market sectors closed in red. The German DAX index dropped by 1.10%, while the French CAC40 closed lower by 0.36%. …
Read More »Rise in European stocks stops as focus shifts towards inflation and Kering plummets
European stocks retreated from nearly a year highs, as concerns about a possible increase in inflation undermined optimism about the economic recovery led by vaccines, while Kering fell after sales of its Gucci brand fell more than expected. Shares of the French group, which also owns the Saint Laurent brand, …
Read More »Stimulus Hopes Lead Dow Jones to a Record Closing Level
The Dow Jones Industrial Average hit a record high today, Tuesday, supported by gains in the sectors related to the economic cycle, amid hopes of more financial stimulus to pull the US economy out of the recession sparked by the Coronavirus pandemic. But the Nasdaq index fell, affected by losses …
Read More »NYSE Indices Close Mostly Lower as Treasury Yields Rise
The main indices of the New York Stock Exchange (NYSE) showed a mixed performance on Tuesday and closed mostly lower. This comes amid huge increases in the U.S. Treasury yields and disruptions in the energy sector due to extreme weather conditions in the south that resulted from a strong winter …
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