European stocks settled higher on Friday, supported by positive industrial data in France and Italy. The pan-European STOXX Europe 600 index closed up by 0.81% at 366.6 points, up by 0.50% for the week. In the London Stock Exchange (LSE), FTSE100 finished higher by 0.76%. Meanwhile, the French CAC40 index …
Read More »Nasdaq Settles at New Record Closing Level
The New York Stock Exchange (NYSE) showed a varied performance on Thursday, as the Dow and S&P settled lower while the Nasdaq continued its historic rally and registered a new record-high. This comes as investors are growing concerned with the rising number of COVID-19 cases in the US. The Dow …
Read More »Global loan losses seen at $2.1 T by End of 2021
Standard & Poor’s (S&P Global) is expecting banks around the world to see loan losses of $1.3 trillion in 2020 and a total of $2.1 trillion until the end of 2021, Reuters reported. More than half of the loan losses will be in the Asia Pacific region, however, North America …
Read More »European Stocks Close Lower for Third Day
European stocks closed lower for the third straight day, amid rising concerns regarding the COVID-19 pandemic and the outlook for economic recovery. The pan-European Stoxx 600 index tumbled by 0.78% to settle at 363.61. FTSE100 dropped by 1.73% to 6,049.62 points, CAC40 fell by 1.21% to 4,921. German DAX index …
Read More »Wall Street Recovers Losses and Nasdaq Sets New Record
The New York Stock Exchange (NYSE) closed higher on Wednesday, after falling on Tuesday, following a record rising streak by the S&P index and Nasdaq breaking new record highs. Today, the Dow Jones Industrial Average gained 177.10 points, or 0.68%, and settled at 26,067.28, giving up earlier gains after nearing …
Read More »European Stocks in Losses amid COVID-19 Worries
European stocks closed lower on Wednesday with the rising cases of COVID-19 raising concerns about the reopening of business worldwide and the highly anticipated global economic recovery. The pan-continental STOXX Europe 600 index settled down by 0.67% at 366.48 points. In the London Stock Exchange (LSE), the FTSE100 index closed …
Read More »NYSE Retreats and Closes in Red
The New York Stock Exchange (NYSE) settled significantly lower on Tuesday, after achieving large gains during the first session of the week on Monday. The Dow Jones Industrial Index closed dropped nearly 397 points or 1.51% and closed at 25,890 points. The S&P 500 index fell by 34.4 points or …
Read More »European Stocks Settle Lower
European Stocks closed Tuesday in red, as the pan-European Stoxx 600 index closed down by 0.6% due to losses by tech companies, mixed economic data, and gloomy economic forecasts. The main index of the London Stock Exchange (LSE), FTSE100, lost 1.53% and settled at 6,189.9. Meanwhile, the French index CAC40 …
Read More »Nasdaq Closes at New Record High
The New York Stock Exchange (NYSE) settled higher on Monday, amid an improvement in risk appetite among investors due to positive economic data and anticipation for a COVID-19 vaccine. The Dow Jones Industrial Index gained 459 points or 1.78% to settle at 26,287, and the S&P 500 index rose by …
Read More »Little Change Seen in Global Stocks by July 2021
Global stocks are expected to remain mostly unchanged from their current levels by this time next year, according to a recent report by Citi bank, CNBC reported. This comes as bullish and bearish forces would cancel each other out. Citi remains overweight in the US and emerging market equities with …
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