European stocks closed lower on Thursday, following expectations by the US Federal Reserve that the COVID-19 will weigh heavily on economic activity on the short-term. The pan-continental STOXX Europe 600 settled lower by 1%. The UK’s FTSE100 also declined by 1.61%, while the French index CAC40 finished lower by 1.33%. …
Read More »Airbnb Files for IPO on NYSE
Airbnb, the short-term home and room rental company, has confidentially filed on Wednesday for an initial public offering (IPO), Reuters reported. A recent report by the Wall Street Journal suggested that the company could go public on the New York Stock Exchange (NYSE) as early as before the end of …
Read More »Japan shares Declining Due to Negative US Economic Outlook
Japanese stocks fell at the close Thursday, August 20, affected by Wall Street losses after the US Federal Reserve meeting minutes revealed that policymakers are concerned about the uncertainty surrounding the path of the economic recovery from the Coronavirus pandemic. The Nikkei index fell 1% to close at 22,880.62, the …
Read More »European Shares Drop on Recovery Outlook
European shares were hit by a sell-off in global stock markets on Thursday (August 20th) after the US Federal Reserve indicated a long and difficult path to the recovery of the world’s largest economy. The Stoxx600 index of European shares fell 1.2% by 07:12 GMT, while the mining sector fell …
Read More »Wall Street Closes in Red Following Fed Minutes
The New York Stock Exchange (NYSE) indices closed in red, after rising earlier in the session to new intraday record highs. The Dow Jones Industrial Average lost 85.19, or 0.31%, while S&P 500 closed lower by around 15 points or 0.44%, and the Nasdaq Composite finished lower by 0.57%. The …
Read More »Banks Lead Gains in European Stock Markets
European Stocks closed higher on Wednesday, as banking shares achieved high gains, boosted by some positive earnings reports and the record-breaking rises in Wall Street. Stoxx Europe 600 added 0.60%, while FTSE100 rose by 0.58%. CAC40 settled higher by 0.79%, and DAX finished on a 0.74% increase.
Read More »Japan’s Nikkei Index Rises After Gains in US Technology
The Nikkei benchmark index made slight gains at the close on the Tokyo Stock Exchange on Wednesday, with some tech stocks surging after the gains of US giants, with the S&P 500 index climbing to a record high last night. The Nikkei Index is very close to a three-decade high …
Read More »European Stocks Weaken After Wall Street Rally
European stocks fell on Wednesday, August 18, and were unable to gain strength from a record rise in S&P 500 index, as investors feared an increase in coronavirus cases would impede the emerging economic recovery in Eurozone. The European Stoxx600 index fell 0.1% by 07:15 GMT, with the mining, oil …
Read More »S&P 500 Closes at New All-Time High
The New York Stock Exchange (NYSE) closed Wednesday mixed as indices varied on their performance, with the Nasdaq and S&P closing at record highs and the Dow maintaining the downward trend. The S&P 500 index gained 0.2% and closed at 3,389.78, its highest evet closing level. Earlier in the session, …
Read More »European Stocks Finish Lower
European stocks closed lower on Tuesday, after rising earlier in the session, mainly due to losses by banks and energy shares. The Stoxx Europe 600 index settled lower by 0.66% or 2.45 points at 366.81. Meanwhile, FTSE100 lost 0.83%, while CAC40 finished lower by 0.68%. DAX closed lower by 0.30%, …
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