Stellantis NV announced a new share buyback program for 2023 after the automaker posted better-than-expected annual profit, thanks to price hikes that helped outweigh lower car shipments in Europe and elevated input costs. The automaker formed from a merger between Fiat Chrysler and Peugeot-owner PSA Group in 2021 reported a 26% year-on-year jump …
Read More »Nikkei closed at its lowest level in a month
The Japanese Nikkei index closed at its lowest level in a month on Wednesday, affected by a broad wave of selling amid global political tensions and fears that raising interest rates in the United States will lead to a slowdown in the global economy. The Nikkei index lost 1.34 percent …
Read More »Worst day of 2023 suffered by Wall Street on interest rate concerns
Wall Street suffered from its worst performance of the year on Tuesday, with the main indexes closing down as investors interpreted the recent rebound in US business activity in Feb. as signaling interest rates will need to stay higher for longer to combat inflation.As for the S&P 500 and Nasdaq …
Read More »Japanese stocks closed lower affected by a contraction in factory activity
Japanese stock markets ended lower on Tuesday, as investor confidence was shaken after a survey of companies showed that the country’s manufacturing activity contracted at the fastest pace in 30 months in February. The Nikkei index fell 0.21 percent to close at 27,473.10 points, and consumer goods stocks led the …
Read More »Chinese shares lead gains as US observes Presidents Day
US futures waver as investors consider latest signals on interest rates. Meanwhile, global markets were mixed Monday amid volatility, with US futures struggling for direction in holiday trading ahead of another busy week in terms of economic data.Futures tied to the S&P 500 edged down 0.1%, as did those tied …
Read More »A slight rise in Japanese stocks as investors await the directions of BoJ and Fed
Japanese stocks posted little gains at the close on Monday, as investors warned ahead of a week in which important US and global economic data and comments from the Bank of Japan’s new leadership team are expected. The Nikkei rose at the close, 0.07 percent, to record 27,531.94 points, and …
Read More »S&P 500 falls as rate hikes to their highest levels in three months
US stocks slipped on Friday as high inflation and a rebound in rates continue to weigh on investor sentiment. The S&P 500 shed 0.92%, and the Nasdaq Composite fell 1.30%. The Dow Jones Industrial Average was down 104 points, or 0.34%, but off lows of the day. Yields on the …
Read More »US Assistant Secretary of the Treasury: Russia’s reduction in crude production indicates its inability to sell oil
Ben Harris, US Assistant Secretary of the Treasury, said Thursday, February 16, that Russia’s decision to reduce crude oil production by 500,000 barrels per day reflects its inability to sell all of its oil, as Russian Deputy Prime Minister Alexander Novak announced last week that Moscow will voluntarily reduce production …
Read More »Ukraine: talks to extend the grain corridor begin within a week
Ukraine’s Deputy Infrastructure Minister Yury Vaskov said on Friday that negotiations to extend the grain export corridor agreement across the Black Sea will start within a week. The Black Sea Grain Initiative, brokered in July by the United Nations and Turkey, allowed grain to be exported from three Ukrainian ports …
Read More »US stocks decline as price, jobs data fuel rate hike concerns
Wall Street fell on Thursday after unexpectedly strong inflation data and a drop in weekly jobless claims added to fears that the Federal Reserve will keep raising interest rates to tame high prices. Decline in jobless claims, showed the economy is holding up amid the Federal Reserve’s rate hikes. The …
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