European stocks closed lower on Friday, amid concerns about the slow rollout of vaccines, a rise in the number of new Coronavirus infections and re-imposing lockdown measures in France, in addition to a the rise in U.S. Treasury bond yields. The STOXX Europe 600 index dropped by 0.76% and closed …
Read More »S&P 500 and Dow Jones Retreat Amid Lower Financial Stocks
The S&P 500 and the Dow Jones fell slightly at the opening trades on Friday, as financial stocks dropped after the US Federal Reserve’s decision to allow the exemption from some requirements related to bank debts to expire. The Dow Jones Index fell 3.9 points, or 0.01%, to 32,858.36. The …
Read More »Germany’s Health Minister Warns Against Re-imposing Restrictions Amid The Surge in Coronavirus Cases
A health official in Germany said today, Friday, that the number of Coronavirus cases is rising dramatically. Lars Shade, vice president of the Robert Koch Institute for Infectious Diseases, urged people not to travel during the Easter holidays to contain the increase in cases. Today’s data of the Robert Koch …
Read More »The Nikkei Index Declines on The BOJ’s ETF purchasing plan, Topix at a 30-Year High
Japan’s benchmark Nikkei index fell, while the Topix index reached its highest level in 30 years, as the Bank of Japan (BOJ) said it would only buy into index funds linked to Topix after a review of its policy framework. The Nikkei index closed down by 1.41% to 29,792.05 points, …
Read More »BOJ’s Kuroda: It is Appropriate to Continue with The Current Policy Framework
Speaking at the post-monetary policy meeting press conference, BOJ’s governor Haruhiko Kuroda commented on the current policy framework. It is appropriate to continue with the current policy framework.It is inappropriate to debate exit when inflation remains far from 2%.It is desirable for currency rates to reflect fundamentals, in a stable …
Read More »BOJ Expands JGB Yield Target Band, Drops ETF Buying Target
The Bank of Japan (BOJ) kept its key policy rate unadjusted at the conclusion of its two-day March monetary policy review meeting on Friday. The central bank left the key rate steady at -10bps while maintaining its pledge to buy J-REIT at an annual pace of up to JPY180 bln. …
Read More »NYSE Closes Lower as Treasury Yields Rise
The New York Stock Exchange (NYSE) closed lower on Thursday, as Treasury bond yields maintained their upward trend as the Federal Reserve expected inflation to exceed 2% this year. Rising yields increased pressures on tech stocks, while the continuous decline in oil prices left its toll on energy companies. The …
Read More »European Stocks Close Higher and Germany’s DAX Hits New Record High
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 …
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