The yellow metal rose to all-time high on Monday as relations between the United States and China deteriorated, sparking demand for the safe metal while market sentiment was mixed ahead of more earnings reports. Gold rose 1.6% to a record $ 1.943 an ounce, exceeding its peak in September 2011 …
Read More »Wall Street Record Weekly Losses
The New York Stock Exchange (NYSE) settled lower on Friday, recording weekly losses, impacted by the rising tensions between the US and China and the increasing number of COVID-19 cases in many states across the US. The Dow Jones Industrial Average lost 182.44 points or 0.7% and closed at 26,469.9, …
Read More »European Stocks Down 1.5% for the Week
European stocks closed lower on Friday on the back of rising tensions between the United States and China. Beijing has retaliated against a move by the US to close the Chinese consulate in Houston, Texas, and revoked the license of the US consulate in Chengdu. In addition, tech sector stocks …
Read More »NYSE Ends Thursday in Red
The New York Stock Exchange (NYSE) settled lower on Thursday on the back of losses by tech shares and investors’ sentiment being negatively impacted by the recent unemployment data, with another surge in US jobless claims. The Dow Jones Industrial Average Index closed at 26,652.33, falling by 353.51 points or …
Read More »European Stocks Mixed at Close
European stocks closed Thursday after showing mixed performance across the old continent’s markets, pushed downwards by tensions between Washington and Beijing and the worse than expected unemployment data in the US. On the other hand, positive financial results by some listed companies gave support to the stock market. The pan-European …
Read More »US Stocks Set to Open Higher
US equity markets are set to open higher with sentiment gaining some confidence after Tesla and Microsoft’s results. Earnings reports from Microsoft exceeded analysts’ expectations for a 13% increase in sales and a net profit of $ 11.2 billion, despite disappointment that Azure’s sales growth slowed below 50%. Dow Jones …
Read More »Europe Stocks Higher But Tensions Dominate
European stock markets are rising on Thursday, supported by increased confidence and strong earnings from Unilever, but were quickly bogged down by more headlines about the tension between the United States and China. The German DAX rose 0.5%, French CAC rose 0.3% while FTSE scored 0.4%. Consumer sentiment in Germany …
Read More »NYSE Indices Close in Green
The New York Stock Exchange (NYSE) closed higher on Wednesday, despite worries about the tensions between the United States and China. The Dow Jones Industrial Average DJIA gained 165 points, or 0.6%, to settle at 27,006, its best level in nearly six weeks. The S&P 500 index settled by 0.6% …
Read More »European Stocks Close Lower on COVID-19 Worries
European stocks declined on Wednesday, with the positive impact from the European Union’s recovery deal appearing to fade out in the face of the rising number of COVID-19 cases, despite the US signing a huge deal for obtaining a newly-developed vaccine. The pan-European Stoxx 600 index settled lower by 0.89%, …
Read More »S&P and Dow Settle Higher while Nasdaq Closes in Red
The New York Stock Exchange (NYSE) closed Tuesday after a mixed performance, as the market was feeling a positive sentiment towards a new economy stimulus package, which is set to be approved by the US Congress. However, concerns remain to cast their shadows as the number of COVID-19 cases remains …
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