The New York Stock Exchange (NYSE) indices settled mostly lower on Tuesday, as Wall Street investors reacted negatively to the U.S. Congress failing to reach a deal on the new economic stimulus package with many differences between Democrats and Republicans. The Dow Jones Industrial Average closed down by 0..38%, while …
Read More »Airbnb Plans IPO in 2020
Airbnb, the company responsible for the famous mobile application and web service for home and room rentals could seen file for an initial public offering (IPO), the Wall Street Journal reported. Accordingly, Airbnb Inc could go public as early as before the end of the year. The company announced its …
Read More »European Stocks Close on Large Gains
European stocks settled higher on Tuesday with most of the market sectors showing a strong positive performance. The pan-European Stoxx 600 index and FTSE100 both closed higher by 1.7% each. Meanwhile, CAC40 and DAX gained 2.4% and 2.04%, respectively. It is worth noting that markets are anticipating the approval for …
Read More »WH Adviser O’Brien: US is ‘deeply troubled’ by arrest of Jimmy Lai
White House (WH) National Security Adviser O’Brien said in a statement early Tuesday, the US is ‘deeply troubled’ by the arrest of Hong Kong media tycoon Jimmy Lai. His comments come after the geopolitical tensions intensified between the US and China after the police in Hong Kong arrested Jimmy Lai, …
Read More »European Stocks Settle Higher on Monday
European stocks closed higher on Monday, despite concerns about the COVID-19 pandemic and tensions between the U.S. and China. The STOXX Europe 600 index closed higher by around 0.2%, shedding some of its gains earlier in the session. In London, the FTSE100 index added 0.31%, while the French CAC40 closed …
Read More »Chinese Data Lifted European Stocks in Early Trading
European stocks rose slightly on Monday after a decline in producer prices in China and the rise in oil prices, while investors looking to Washington for signs of new US stimulus. By 0712 GMT, the pan-European STOXX 600 index was up 0.3%, at the start of a week that could …
Read More »NYSE Closes Friday Mixed
The New York Stock Exchange (NYSE) showed a mixed performance on Friday as data showed a decline in new jobs created by the U.S. economy, amid an increase in the number of COVID-19 cases across many states. Meanwhile, the market anticipates a second stimulus package that is being negotiated in …
Read More »European Stocks Register 2% Weekly Rise
European stocks closed higher on Friday, supported by recently released positive economic data and financial results. The STOXX Europe 600 index settled higher by 0.7%, up by 2% for the week. Meanwhile, DAX gained 0.66%, while FTSE100 and CAC40 added 0.09% each.
Read More »Nasdaq Registers New Record High
Wall Street closed higher on Thursday with the Nasdaq closing at a new all-time high, supported by a decline in the US jobless claims last week and anticipating a new stimulus package to be approved by Congress. The Dow Jones Industrial Average gained 185.5 points, or 0.68%, and settled at …
Read More »European Stocks Close Lower
European stocks closed lower on Thursday as uncertainties persist regarding economic recovery in the continent after the Bank of England (BoE) monetary policy committee’s statement noted that “although recent developments suggest a less weak starting point for the Committee’s latest projections, it is unclear how informative they are about how …
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