European stocks finished Tuesday lower, amid growing concerns about the second wave of the Coronavirus (COVID-19) pandemic and its impact of European markets. The pan-European STOXX 600 index closed down by 0.23% at 365.95 points. Meanwhile, the UK’s FTSE100 rose marginally by less than 0.1%. The French CAC40 and the …
Read More »Wall Street Opens Higher And Focus on Stimulus
Wall Street’s main indexes rose at the open Tuesday, as investors hope for more stimulus from Washington, as the Republican-controlled Senate prepares to vote on a bill to help small businesses hit by the Covid-19 pandemic. The Dow Jones Industrial Average rose 50.43 points, or 0.18%, to 28,245.85 points. The …
Read More »Wall Street Finish Lower Ahead of Stimulus Deadline
The New York Stock Exchange (NYSE) showed a fluctuating performance on Monday, before closing the first session of the week in losses, amid worries in Wall Street about the passing of a new stimulus package to support the economy against the Coronavirus (COVID-19) pandemic. The Speaker of the House of …
Read More »European Stocks Erase Earlier Gains to Close in Red
European stocks gave up earlier gains and closed Monday lower, amid uncertainty surrounding Brexit talks between the United Kingdom (UK) and the European Union (EU). The STOXX Europe 600 index closed lower by 0.3%, after rising earlier today by 0.8%. Meanwhile, the UK’s FTSE100 fell by 0.59%. Similarly, the French …
Read More »Halliburton Posts Losses in Q3
Halliburton reported quarterly losses for the fourth consecutive quarter, amid disruptions caused by the COVID-19 crisis affecting the global demand for oil. Revenues decreased to $1.57 billion down by 55% from $3.51 billion for the same quarter last year. The oil giant posted a net loss of $17 million during …
Read More »Wall Street Opens Higher on Renewed Hopes For a Stimulus Agreement
Major US stock indices opened higher today, Monday, thanks to hopes that a vaccine for the Coronavirus will be available by the end of the year, while investors are also encouraged by indications that an agreement will soon be reached in Washington on a financial package. The Dow Jones Industrial …
Read More »European Stocks Are Rising Supported by Strong Results
European stocks rose in early trade on Monday, supported by strong results from Dutch Phillips and Swiss wealth manager Julius Baer, overshadowing concerns about new restrictions imposed to combat the Coronavirus across the continent. The pan-European STOXX 600 index was up 0.8%, resuming its rise after suffering limited weekly losses. …
Read More »Japan Shares Closed Higher Thanks to Renewed Hopes For US Stimulus
Japanese shares closed higher on Monday, following US futures gains in Asian trade, thanks to hopes of reaching an agreement on a US program to mitigate the economic damage from the Corona virus before the presidential elections. The benchmark Nikkei index rose 1.11% at the close to 23,671.13 points, while …
Read More »Wall Street Finishes Week With Marginal Gains
The New York Stock Exchange (NYSE) finished the week with marginal gains, supported by an improvement in investors’ sentiment after data showed an increase in retail sales in the United States. The Dow Jones Industrial Average added 112.11 points, or 0.39%, to close at 28,606.31, rising by about 0.1% for …
Read More »European Stocks Record Highest Gains in Three Weeks
European stocks finished Friday higher, recovering some of its recent losses due to concerns about the second wave of the COVID-19 pandemic. The Stoxx Europe 600 index closed higher by 1.26%, registering its highest daily gains in three weeks, at 367.48 points. The UK’s FTSE100 also rose by 1.49%, while …
Read More »