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Market Update

Japan Stocks Tumbled on Pandemic Fears

Japan

Japanese stocks closed lower on Friday, April 23, as tighter government restrictions to contain COVID-19 infections raised concerns about the economy’s recovery, while disappointing expectations from nedec reinforced the cautious atmosphere at the start of the corporate earnings announcements season. The Nikkei index fell 0.57% to close at 29020.63 points, …

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Oil Futures Close on Marginal Gains

Oil prices registered modest gains on Thursday, following strong losses yesterday to their lowest level in a week due to concerns about the coronavirus pandemic. Brent crude futures for June delivery rose by 8 cents, or 0.1%, to close at $65.40 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude …

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U.S. Home Sales Decline to Seven-Month Low

Home sales in the United States declined to their lowest level in about seven months during March, falling by 3.7% to a seasonally adjusted annual rate of 6.01 million units. This is the lowest reading for the indicator since August 2020, according to data by the National Association of Realtors …

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