European stocks closed mixed on Friday, amid anticipation for a wider rollout of Coronavirus vaccines. The pan-continental STOXX Europe 600 index closed unchanged, but logged weekly gains of 3.45%, supported by the improved risk sentiment that helped Wall Street score new record highs, as well as the positive performance by …
Read More »Robinhood Lifts Trading Restrictions on Gamestop and AMC Stocks
Robinhood said it has removed trading restrictions on GameStop and AMC stocks, which have been the basis of the battle between the small traders who organized on Reddit and short sellers, according to an update on the trading platform’s support page. Robinhood’s move comes one day after it increased restrictions …
Read More »European Stocks Rise in Early Trading
European stocks rallied Friday (February 5th), tracking optimistic sentiment on Wall Street thanks to hopes for a faster global economic recovery, while stocks in Frankfurt lagged in performance after data showed a decline in industrial orders. The European Stoxx600 index gained 0.2% and is on track to post its longest …
Read More »Wall Street Maintains Gains and S&P 500 Hits New All-Time High
The New York Stock Exchange (NYSE) maintained its positive performance on Thursday, supported by positive financial results disclosed by a number of leading listed companies, as well as a positive sentiment in Wall Street regarding economic recovery from the Coronavirus pandemic. The Dow Jones Industrial Average gained 332.2 points, or …
Read More »European Stocks Close Mixed Following BoE Meeting
European stocks closed Thursday on a mixed note, amid anticipation for the developments of the Coronavirus pandemic across the continent. The STOXX Europe 600 index rose by 0.5%, with the banking sector leading the gains and adding 2.7%. The French index CAC40 finished higher by 0.82%, while the German index …
Read More »Japan shares Drop on Chip Companies and Sony jump on Positive Outlook
Japanese shares ended a three-day winning streak on Thursday, February 4th, pressured by declines in shares of chip-related companies, but higher Sony shares limited some of the losses. Sony shares rose 9.54%, reaching their highest levels since September 2000, and was among the biggest gainers on the Nikkei index after …
Read More »Wall Street Closes Mostly Higher While Nasdaq Slips
The New York Stock Exchange (NYSE) closed Wednesday on a higher note, supported by an improved investors’ sentiment and risk appetite on the back of positive earnings reports by many of Wall Street’s biggest listed companies. The Dow Jones Industrial Average edged higher by 0.1% to close at 30,723.60 points. …
Read More »European Stocks Rise on Improved Market Sentiment
European stocks rose on Wednesday, supported by an improved investors’ sentiment and risk appetite. The STOXX Europe 600 index gained 0.3%, with the auto industry leading the rising sectors. The German benchmark index DAX rose by 0.71%, while the French CAC40 closed nearly unchanged. Meanwhile, the UK’s FTSE100 declined by …
Read More »Jeff Bezos Steps Down as CEO of Amazon, Naming Andy Gacy as His Successor
Amazon announced Tuesday that Jeff Bezos, the CEO, will step down later this year, turning the helm over to Andy Gacy, the company’s cloud chief executive. Bezos will move to take over the position of CEO of the Amazon Board of Directors. Bezos founded Amazon in 1994 and has since …
Read More »European Shares Rose on Earnings and Hopes For a Recovery
European stocks rose for the third session in a row on Wednesday, while focus remained on a day filled with earnings announcements, as positive sentiment extends from Asian markets thanks to hopes for a faster global economic recovery. Siemens’ shares rose 1.8% after the German engineering firm raised its forecast …
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