European stocks closed higher on Wednesday, despite uncertainty about the rising number of COVID-19 cases. The rise of European stock markets came after the release of preliminary data that showed an expansion in the composite PMI index, even though it came below expectations. The Stoxx Europe 600 index added 0.7% …
Read More »European Stocks Continue to Recover, Adidas is Jumping
European stocks continued their recovery on Wednesday, September 23, from the heavy selling witnessed earlier this week, as investors awaited the latest data on business activity to see whether the economic recovery faltered as several countries re-impose restrictions related to the Coronavirus. The European Stoxx600 index rose 0.7% by 0712 …
Read More »Nikkei is Dropping on Virus Fears And Stimulus After Long Weekend
Japanese shares fell on Wednesday, September 23, as the stock market tracked losses in global markets after a long weekend and under pressure from fears of a rise in cases of Coronavirus and the delay of an American stimulus program. Car stocks and other value stocks recorded the largest losses, …
Read More »European Stocks Rise Despite Uncertainty
European stocks closed higher on Tuesday, despite concerns about the rising number of COVID-19 cases across the continent and the prospects of renewed lockdown measurements. The STOXX Europe 600 index closed higher by 0.46%. The UK’s FTSE100 gained 0.43%, while the French index CAC40 levelled up by 0.40%. Meanwhile, the …
Read More »S&P 500 Index Opens Modestly Higher
Major stock indices in the US opened slightly higher on Tuesday after Monday’s sharp declines. At the time of writing, the S&P 500 rose 0.45% to 3296, the Dow Jones Industrial Average gained 0.15% to 27194, and the Nasdaq Composite rose 0.6% to 10844. All major sectors in the S&P …
Read More »European Stocks Rising After Yesterday’s Losses
European stocks rose Tuesday 22 September after falling sharply yesterday as technology and healthcare stocks rose, but concerns about new restrictions due to the Coronavirus in Britain and elsewhere continued to put pressure on travel sector stocks. The European Stoxx600 index rose 0.5% by 0716 GMT, maintaining its gains after …
Read More »Dow Closes Lower by 510 Points
The New York Stock Exchange (NYSE) closed Monday lower, amid risk aversion by investors and selling pressures. The Dow Jones Industrial Average plunged by about 510 points, or 1.84%, and closed at 27,147.70 points. The S&P 500 index closed lower by 38.41 points, or 1.16%, at 3,281.06 points. Meanwhile, the …
Read More »European Stocks Register Large Losses
European stocks finished the first session of the week lower, amid concerns over a second wave of the Coronavirus (COVID-19) pandemic across many European countries, as well as the banking sector facing serious legal allegations. The Stoxx Europe 600 index fell by 3.35% and closed Monday at 356.43 points. The …
Read More »Wall Street Lower on Fears of Corona And Stimulus
The main stock indices fell on Wall Street at the open Monday, September 21, as fears grew of a new blow to the country’s economy in light of concern about another round of lockdown measures due to the Coronavirus and the ability of Congress to agree on more fiscal stimulus. …
Read More »European Stocks Decline on Fears of a New Lockdown
European stocks fell for the third session in a row on Monday, September 21, weighed by fears of a growing coronavirus infection on the continent and a fall in HSBC and Standard Chartered following reports alleging that the two British banks were involved in the transfer of illicit funds. The …
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