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 »Nikkei Down With Sentiment Hit by Rising Covid-19 Cases in Europe
The Nikkei index fell in the Tokyo Stock Exchange today, Friday, as new restrictions to combat the Coronavirus in Europe weakened hopes for a rapid global economic recovery, but losses were limited after Fast Retail expected positive annual profits. The Nikkei index fell 0.41% to 23,410.63 points. The broader TOPIX …
Read More »European Shares Heading For a Weekly Loss as Covid-19 Cases Soar
European stocks rose from a two-week low, but still heading towards a weekly loss after a sell-off marked by fear of a second wave of Covid-19 cases, uncertainty related to Brexit and doubts about more fiscal stimulus in the United States. The pan-European STOXX 600 index rose 0.7% after recording …
Read More »European Stocks Losses Exceed 2%
European stocks saw huge losses on Thursday, amid increasing concerns about the second wave of COVID-19 across the old continent. The Stoxx Europe 600 index closed lower by 2.10% at 362.83 points, its worst daily performance in more than three weeks. The German DAX index finished lower by about 2.5%, …
Read More »European Stocks Fall on Covid-19 And Doubts About US Stimulus
European stocks fell for the third consecutive session Thursday, as demand for global stocks was negatively affected by concerns about the economic damage resulting from more general isolation measures aimed at slowing the spread of the Corona virus and dashed hopes of fiscal stimulation in the United States before the …
Read More »Japan Stocks Are Declining as Investors Nervous About Risks
Japanese stocks fell on Thursday, as investor sentiment was damaged due to the dissipation of hopes for a new round of financial stimulus in the United States and the return of lockdown measures in some European countries due to the Corona outbreak and concerns about the strained Sino-US relations. The …
Read More »Wall Street Closes in Red on Negative Forecasts
The main indices of Wall Street closed lower on Wednesday, due to mixed financial results by big banks, and worries about the second wave of the Coronavirus (COVID-19) pandemic. In addition, hopes for a new stimulus package were subdued after remarks by the US Treasury Secretary suggested that a new …
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