European stocks closed Thursday on a mixed note, following the European Central Bank’s (ECB) latest policy meeting in which it decided to maintain interest rates unchanged. The pan-European STOXX 600 index finished higher by 0.15%. Meanwhile, the French benchmark index CAC40 and the German DAX closed lower by 0.67% and …
Read More »Bitcoin Down 10%, Continues to Descend from Record Heights
Bitcoin fell 10% Thursday, January 21, to a 10-day low at 31,977 dollars, as the most popular digital currencies in the world continued to decline from a peak of 42 thousand dollars reached on January 8. The decline came amid growing fears that Bitcoin was one of a group of …
Read More »European Stocks Extend Gains Thanks to US Stimulus Hopes
European stocks extended their gains Thursday (January 21st) on hopes of a major US stimulus plan under the administration of the new president, Joe Biden, while investors looked to the European Central Bank for indications about the economic strength of the euro area. The Stoxx600 index of European shares rose …
Read More »Nikkei Closed at Its Highest Level in 30 Years, Supported by Optimism After Biden’s Inauguration
Japanese stocks rose to a 30-year high at the close, on the path of a strong performance for Wall Street stocks yesterday, thanks to investor optimism about positive corporate earnings as well as expectations of enhanced growth due to a huge stimulus package from the new US administration. The Nikkei …
Read More »European Stocks Finish Wednesday on a Higher Note
European stocks rose on Wednesday, with the pan-continental STOXX Europe 600 index rising by 0.7%. The automobile sector led the rising sectors, gaining 2.7%. In France, the CAC40 index rose by 0.53%, while the German index DAX leveled up by 0.77%. Meanwhile, the UK’s FTSE100 ended the session higher by …
Read More »Nikkei Drops Profit-Taking
Japanese stocks gave up early trade gains on Wednesday on profit-taking as US Treasury nominee Janet Yellen’s call for big spending did not come as a surprise to investors. The Japanese Nikkei index fell 0.38% to 28,523 points, while the broader Topix index fell 0.34% to 1,849 points. Asian stocks …
Read More »Investors Worry About Bitcoin and Tech Stock Bubbles: Survey
Investors are growing worried about Bitcoin and tech stocks on Wall Street as the biggest risks of market bubbles right now, according to a recent report by Deutsche Bank picked up by CNBC on Tuesday. A survey by Deutsche Bank showed that the majority of investors, 89% of 627 participants, …
Read More »European Stocks Close Lower Ahead of Biden’s Inauguration
European stocks closed lower on Tuesday, amid anticipation for the developments of the Coronavirus pandemic across the content and for the new administration in the United States taking over tomorrow with the inauguration of President-elect Joe Biden. The pan-continental STOXX Europe 600 index finished lower by 0.2%, with the basic …
Read More »Japan’s Nikkei Closes Higher
Japanese stocks closed higher, after falling for two consecutive sessions, as investors held decliners, while carmakers and semiconductor stocks led the rally. The Nikkei index rose 1.39% to 28,633.46 points, while the broader Topix index rose 0.56% to 1,855.84 points. Sentiment was boosted after Chinese data released on Monday raised …
Read More »European Shares Rise on Positive Earnings Reports
European stocks rose after Asian markets rose on optimism about the Chinese economy, while sentiment was supported by positive earnings reports from the Minera Rio Tinto and Logitech, a maker of computer accessories. The European STOXX 600 index gained 0.4%, while the German DAX and the French CAC 40 index …
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