European stocks closed lower on Friday, on the back of economic data that showed business activity slowing down in the Eurozone amid renewed lockdown and preventive measures against the spread of the Coronavirus pandemic. The pan-European STOXX 600 index lost 0.66% to give up almost all of its weekly gains …
Read More »European Stock Drop as Travel Restrictions Tighten in The Eurozone
European stocks fell on Friday, January 22nd, hit by tightening travel restrictions in the euro area and weak UK retail sales data, as investors awaited the latest batch of business activity data to gauge the pace of the coronavirus recovery. The European Stoxx600 index fell 0.4%, but is heading for …
Read More »Nikkei Dropping From Its 30-Year Peak as The Focus Shifts to Corporate Profits
Japanese stocks retreated from a 30-year peak Friday (January 22nd), as investors were reluctant to make big bets ahead of the corporate earnings season while some took profits after a recent rally led by hopes of a massive stimulus in the United States. The Nikkei index closed down 0.44% to …
Read More »Wall Street Closes Mixed but Maintains Some Record Levels
The New York Stock Exchange (NYSE) ended Thursday trading session on a mixed note, with Wall Street continuing to show a mostly positive reaction one day after the inauguration of President Joe Biden as the 46th President of the United States. The Dow Jones Industrial Average lost 12 points to …
Read More »European Stocks Close Mixed Following ECB Meeting
European stocks closed Thursday on a mixed note, following the European Central Bank’s (ECB) latest policy meeting in which it decided to maintain interest rates unchanged. The pan-European STOXX 600 index finished higher by 0.15%. Meanwhile, the French benchmark index CAC40 and the German DAX closed lower by 0.67% and …
Read More »Bitcoin Down 10%, Continues to Descend from Record Heights
Bitcoin fell 10% Thursday, January 21, to a 10-day low at 31,977 dollars, as the most popular digital currencies in the world continued to decline from a peak of 42 thousand dollars reached on January 8. The decline came amid growing fears that Bitcoin was one of a group of …
Read More »European Stocks Extend Gains Thanks to US Stimulus Hopes
European stocks extended their gains Thursday (January 21st) on hopes of a major US stimulus plan under the administration of the new president, Joe Biden, while investors looked to the European Central Bank for indications about the economic strength of the euro area. The Stoxx600 index of European shares rose …
Read More »Nikkei Closed at Its Highest Level in 30 Years, Supported by Optimism After Biden’s Inauguration
Japanese stocks rose to a 30-year high at the close, on the path of a strong performance for Wall Street stocks yesterday, thanks to investor optimism about positive corporate earnings as well as expectations of enhanced growth due to a huge stimulus package from the new US administration. The Nikkei …
Read More »European Stocks Finish Wednesday on a Higher Note
European stocks rose on Wednesday, with the pan-continental STOXX Europe 600 index rising by 0.7%. The automobile sector led the rising sectors, gaining 2.7%. In France, the CAC40 index rose by 0.53%, while the German index DAX leveled up by 0.77%. Meanwhile, the UK’s FTSE100 ended the session higher by …
Read More »Nikkei Drops Profit-Taking
Japanese stocks gave up early trade gains on Wednesday on profit-taking as US Treasury nominee Janet Yellen’s call for big spending did not come as a surprise to investors. The Japanese Nikkei index fell 0.38% to 28,523 points, while the broader Topix index fell 0.34% to 1,849 points. Asian stocks …
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