Global Stock Market

US shares have surrendered much of their pre-market gains. The S&P 500 index fell under 4600 and is now just 0.4% higher on the day having been as much as 1.9% higher earlier in the session.The Nasdaq 100, meanwhile, has pared back on gains that had been as much as …

According to a survey compiled by the Institute of Supply Management, released Wednesday, US Manufacturing PMI rose to 61.1 in November from 60.8 in October. That was slightly above the expected reading of 61.0 and above October’s reading at 60.8. The employment index rose to 53.3 from 52.0, the new …

European shares rose on Wednesday as bargain hunters returned from the November turmoil, but investors remain concerned about whether the emergence of the new mutated Omicron from the coronavirus will affect economic activity in the winter months. The pan-European Stoxx 600 index rose 0.8 percent by 0816 GMT, following in …

Japanese stocks closed higher in choppy trading on Wednesday after three consecutive sessions of heavy losses, but uncertainty over the impact of the omicron capped gains. The Nikkei index ended trading on Wednesday, up 0.41 percent to 27,935.62 points, after rising nearly 1 percent. The broader TOPIX index compensated for …

Stocks on Wall Street fell in early trading Tuesday, driven lower by the growing possibility the Fed may remove its supports for the economy.Fed Chair, Jerome Powell, told a Senate committee on Tuesday that inflation was likely to persist into 2022 and that the Fed would consider tapering more quickly …

Speaking on Dubai TV, Monday, Mohamed Hashad, Director of Research and Development at Noor Capital and member of the American Association of Professional Technical Analysts shed light on a number of developments in the markets this week Oil Hashad indicated that last Friday, there was a state of panic that …

Bargain buying in technology stocks has driven Wall Street higher on Monday following a collapse related to Omicron strain, while the Dow Jones lagged its peers as major banks fell and investors awaited more information on the new coronavirus variant.The S&P technology subindex jumped 2.1%, indicating that investors were likely …

European shares surged on Monday after their worst selloff in more than a year as investors digested whether the Omicron variant would deter economic recoveries and monetary tightening plans by central banks.The pan-European STOXX 600 closed up 0.7%, logging its best day in a month and recovering some of Friday’s …

European shares rebounded on Monday amid their steepest selling in over a year as investors awaited signs of whether the new Omicron strain of the coronavirus will hamper economic recovery and central banks’ monetary tightening plans. The pan-European Stoxx 600 index was up 1 percent by 0818 GMT, after falling …

US shares dropped on Friday, with global markets rattled by a new coronavirus variant discovered in South Africa, which fanned concerns that new growth-crushing lockdowns could be imposed. Trading volumes were low due to the Thanksgiving holiday in the US, which contribute to the market’s volatility. Major benchmarks fell sharply …