The main indices of the New York Stock Exchange (NYSE) finished lower on Monday, starting the week with a negative performance as Wall Street investors turn to their focus to the upcoming earnings reports from listed companies. The Dow Jones Industrial Average closed lower by 55.20 points, or 0.16%, at …
Read More »European Stocks Close Lower for Profit Making
European stocks declined on Monday, after a recent rally brought it to its all-time highs, amid profit making and losses by the technology sectors and major indices. The STOXX Europe 600 index fell by 0.4%, as the technology sector lost 1.3% to lead the market losses. The French CAC40 index …
Read More »Wall Street Opens Lower, Focus on Earnings And Data
Wall Street’s main indexes fell on Monday, while the S&P 500 retreated from record highs, as investors brace themselves to start the earnings season and the release of a major inflation report this week. The Dow Jones Industrial Average fell 25.54 points, or 0.08%, to 33,775.06 points. The Standard & …
Read More »NYSE Logs Third Straight Weekly Rise
The main indices of the New York Stock Exchange (NYSE) finished higher on Friday, with the Dow and the S&P 500 hitting an all-time closing high amid signs of economic recovery from the negative impacts of the Coronavirus pandemic. Despite a larger than expected rise in producers prices last month, …
Read More »European Stocks Extends Weekly Gains to Best Since November 2019
European stocks showed a mixed performance on Friday, but managed to lock another weekly rise to score its longest streak of weekly gains since November 2019. Positive expectations regarding economic recovery in the Eurozone weighed off concerns about the slow rollout of coronavirus vaccines. The pan-European STOXX 600 finished almost …
Read More »Japan shares Closing Higher on Hopes For a Strong Corporate Earnings Season
Japanese shares closed higher on Friday (April 9th), as they received support from growing expectations that companies will post strong earnings and issue optimistic expectations as the earnings reporting season begins. The Nikkei index rose 0.2% to 29,768.06 points, while the broader TOPIX index gained 0.39% to 1,959.47 points. Stocks …
Read More »European Stocks Hit New All-Time High
European stocks continued to show record-breaking performance on Thursday, supported by an improved outlook for the global economic recovery, one day after the U.S. Federal Reserve’s latest meeting minutes showed commitment to growth-inducing policies. The STOXX Europe 600 index gained 0.54% to close at a record high of 436.67 points. …
Read More »European Shares at All-Time High and Mining at Forefront
European stocks hit record highs Thursday, April 8, thanks to optimism about a stimulus-driven global economic recovery after the US Federal Reserve pledged to keep monetary policy soft. The European Stoxx600 index rose 0.5%, to consolidate the gains it made this week when it wiped out all the losses driven …
Read More »Japan Shares Drop Due to Coronavirus Fears
Japanese shares fell on Thursday, April 8, as they came under pressure from a rise in domestic infections with the Coronavirus and the possible return of restrictions on economic activity. The Nikkei index fell 0.07% to 29,708.98 points, while the broader Topix index fell 0.79% to 1,951.86 points. The Tokyo …
Read More »The Group of Twenty strengthens IMF reserves and extends the freeze on debt service payments
According to a statement from the Group of Twenty, global financial leaders agreed on Wednesday (April 7) to increase the International Monetary Fund’s reserves of $ 650 billion and extend a freeze on debt service payments aimed at helping developing countries confront the Coronavirus pandemic. The group’s finance ministers and …
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