Investors will be watching loan numbers like a hawk when banks kick off earnings season next week.Any Fed’s tapering decision in the near future, with the prospected rising in the interest rates could help banks go ahead to widen their net interest margin and consequently the profits they make on …
Read More »U. S. stocks surge as concerns over debt ceiling ease
All 11 major S&P 500 sectors have risen including Dow Jones by 1.49%, S&P by 1.41%, and Nasdaq 1.68%.U.S. stocks climbed on Thursday led by technology stocks, after a temporary bipartisan truce in the debt ceiling deadlock relieving concerns of a possible government debt default.The compromise has contributed an ease …
Read More »European Shares Rise, Supported by Lower Energy Prices
European shares rose in early trade, as lower oil and gas prices eased some of the investor concern about hyperinflation. The pan-European Stoxx 600 index rose 1.1 percent in a broad-based buying wave, reversing its weekly losses, as mining, auto, and utility advanced. Oil prices fell for the second consecutive …
Read More »Japan’s Nikkei Ends 8-Day Losing Streak
The Japanese Nikkei index rose after 8 consecutive sessions of losses, as signs of progress in US political negotiations over the debt ceiling provided an incentive to snap deals, but the broader Topix failed to sustain the gains. Investors have repurchased battered stocks that recently suffered losses on concerns that …
Read More »U. S. Stock futures slightly higher over easing debt ceiling concerns
U.S. stock futures slightly surged higher Wednesday night after the Dow Jones Industrial Average reclaimed a 459-point loss from earlier hours of the trading session as investor concerns on a debt ceiling deal eased.Dow Jones Industrial Average futures rose 42 points, or 0.1%. S&P 500 and Nasdaq 100 futures climbed …
Read More »House Democrat calls for depriving Congress from debt limit authority
A House Democrat on Wednesday called for a long term solution to the deadlock over avoiding a debt default later this month by taking away the debt ceiling authority from the Congress altogether to prevent parties from playing with political fire around the debt limit.Rep. Brendan Boyle along with House …
Read More »Led by market sentiment, AUD/USD recovers some daily losses
After reaching a daily low at 0.7225, the AUD/USD pair was able to trim some of its losses, stills down by 0.22%, is trading at 0.7275 during the New York session.Market sentiment struck the Asian and the European session amid surging energy prices and worldwide higher yields, these factors ignited …
Read More »August’s data: German factory orders sharply declined
Official figures showed Wednesday that Factory orders in Germany declined by 7.7% in August compared with the previous month, this development was led by much lower demand from countries outside the Eurozone. The drop in orders, a leading indicator for Europe’s biggest economy, followed month on month gains of 4.6% …
Read More »U. S. stocks fall over taper concerns triggered by jobs data
U.S. stock indexes fell on Wednesday shortly after strong private jobs in September was announced. The ADP National Employment Report showed private payrolls increased by 568,000 jobs last month. Economists polled by Reuters had forecast a rise of 428,000 jobs.The jobs data fueled investors’ concerns that the U. S. Fed …
Read More »Wall Street Falls on Inflation Fears And ADP Report
Wall Street’s main indexes opened lower on Wednesday after rising oil prices fueled inflation fears, while a survey showing a strong rise in private-sector jobs last month fueled concern that monetary stimulus would be scaled back sooner than expected. The Dow Jones Industrial Average fell 115.71 points, or 0.34 percent, …
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