Japan’s Nikkei rose on Friday, trimming its weekly losses, as sentiment was boosted by a weaker yen and Wall Street closing higher overnight. The Nikkei index ended Friday’s trading, up 0.17 percent, at 27,518.31 points. However, it remained far from the high it recorded early in the session at 27,591.15 …
Read More »Latest data push US stocks higher ahead of NFP
In tumultuous trading on Thursday, the S&P 500 and Nasdaq gained, aided in part by a surge in Alphabet shares as investors anticipated new jobs data in the wake of recent indications of a slowing economy. Alphabet Inc. increased by 3.5%, and Microsoft increased by 2.2%, both of which contributed …
Read More »Dow futures largely flat; caution ahead of Friday’s payrolls data
In anticipation of the release of the much anticipated official employment data, investors remain hesitant about the state of the American economy and expect U.S. equities to begin Thursday with little change. At 11:00 GMT, the Nasdaq 100 Futures fell 35 points or 0.3%, the S&P 500 Futures traded 2 …
Read More »Oil is heading to record gains for the third week, after the sudden OPEC+ cuts
Oil continues its path towards weekly gains on Thursday, as the OPEC+ announcement of additional production cuts targeted and falling US oil inventories overshadowed concerns about global economic growth. The two crude prices rose more than six percent this week, heading towards recording gains for the third week in a …
Read More »Japan’s Nikkei index closed at its lowest level in two weeks
Japan’s Nikkei index closed at a two-week low on Thursday, driven by selling in exporters’ stocks after the yen rose overnight, while heavyweight technology stocks followed the Nasdaq’s decline. The Nikkei index fell 1.22 percent to close at 27,472.63 points, the lowest level since March 24. The broader Topix index …
Read More »Nasdaq sinks on weak US economic data
US stocks were mostly down during the US trading session, with tech stocks sinking more markedly, after another hiring report showed a slowdown in private-sector job growth and a separate print showed growth at US service providers also experienced a pullback.The S&P 500 moved down 0.5%, while the Dow Jones …
Read More »Japan’s Nikkei declined as the yen rose and worries about a US recession
Japan’s Nikkei fell on Wednesday, its first loss in four days, as auto and energy stocks took a hit from a rising yen and fears of a US recession. The Nikkei index extended its losses in the afternoon session, to close down 1.68 percent at 27,813.26 points, dropping below 28,000 …
Read More »Wall Street closes lower on renewed recession concerns
Tuesday saw a lower closing price on Wall Street as signs of a slowing economy increased worries that the Fed’s efforts to contain decades-high inflation may trigger a severe recession.All three major indices declined after statistics revealed that industrial orders dropped for a second consecutive month and that job vacancies …
Read More »Futures rise on gains in tech, growth shares; focus on jobs data
On Tuesday, advances in technology and growth sectors helped push U.S. stock index futures higher as investors anticipated important economic data that might determine the Federal Reserve’s course for monetary tightening. While sales of its Chinese-made electric vehicles increased in March, Tesla Inc. gained 1% in premarket trade. Its shares …
Read More »Oil is rising as investors’ focus shifts to the demand outlook
Oil prices rose in Asian trading on Tuesday after the OPEC+ decision to cut further production shook markets on Monday, while investors’ attention turned to the demand outlook and the impact of higher prices on the global economy. Brent crude futures rose 41 cents, or 0.5 percent, to $85.34 a …
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