European stocks rose Monday, tracking gains in Asia fueled by optimism about the recovery of the Chinese economy, while investors remain cautious about the rise in domestic infections with the Corona virus. The pan-European STOXX 600 index rose 0.3%, while the telecom and automobile sectors led the gains. The benchmark …
Read More »Wall Street Closed Higher as Stimulus Talks Continued
US stocks closed higher on Friday, October 9th, as the S&P 500 and Nasdaq posted their biggest weekly percentage gains since July, amid growing optimism about more financial aid. Talks on a coronavirus-related stimulus package are expected to continue, even though House Speaker Nancy Pelosi and Treasury Secretary Stephen Mnuchin …
Read More »European Stocks Post Second Weekly Gain
European stocks recorded a second consecutive weekly gain Friday, October 9th, as positive expectations from Pandora and Novo Nordisk gave the Danish side a more optimistic character to the earnings season, as investors’ eyes continued to turn to indications of a new US stimulus. The pan-European STOXX 600 index closed …
Read More »Wall Street Rises at The Open on Stimulus Optimism
Wall Street’s major indexes rose at the open, putting the S&P 500 and the Dow on track for its second consecutive weekly gain on hopes of more financial aid and growing expectations for a Democratic victory in next month’s presidential election. The Dow Jones Industrial Average rose 108.10 points, or …
Read More »European Shares Rise on Positive Outlook For Pandora and Novo Nordisk
European stock markets posting gains thanks to positive earnings outlooks from Pandora and Zalando for retail as well as from pharmaceutical maker Novo Nordisk, as investors keep their sights on indications of a new stimulus release in the US. Danish jewelry maker Pandora’s shares jumped 10.6% and German online fashion …
Read More »Japan Stocks Post Biggest Weekly Gain in Two Months Thanks to US Stimulus Hopes
Japanese stocks achieved the largest weekly gain in two months, thanks to hopes for more stimulus in the United States, although some investors doubt the prospects of reaching an agreement in this regard before the US presidential elections. The Nikkei index closed down 0.12% at 23,619.69 points today. For the …
Read More »European Shares Near Highest Level in Nearly 3 Weeks on Hopes of US Stimulus
European stocks resumed their gains Thursday, approaching more than a three-week high, thanks to expectations of a targeted US stimulus package as well as positive corporate reports. The pan-European STOXX 600 index rose 0.7% by 0707 GMT, with travel, entertainment, industry and chemicals leading the gains. Wall Street indices rose …
Read More »NYSE Ends Higher on Stimulus Hopes
The New York Stock Exchange (NYSE) closed Wednesday higher on the back of renewed hopes for a stimulus package by the Congress. The Dow Jones Industrial Average surged by 530.70 points, or 1.91%, to finish at 28,303.46 points. S&P 500 closed higher by 58.50 points, or 1.74%, at 3,419.45 points. …
Read More »European Stocks Close Lower Amid Uncertainty
European stocks declined on Wednesday, on the back of uncertainty as Trump instructed the cancellation of new stimulus package in the United States, while in Europe the outlook for COVID-19 remains concerning with fears of the second wave. The pan-European STOXX 600 index closed lower by 0.12% at 365.45 points. …
Read More »European Shares Rise After Strong Results Overshadowed Doubts About US Stimulus
European stocks rose on Wednesday after reports of optimistic results from British Tesco and the German Dialog Semiconductor helped reduce the impact of uncertainties surrounding a new US stimulus program. The pan-European STOXX 600 index rose 0.2%. Asian stocks and US equity futures also recovered from sharp losses on Wall …
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