European stocks declined on Wednesday, amid expectations for a rise in inflation and the surging Treasury yields. The pan-European STOXX 600 index finished lower by 0.78%, as most of the market sectors closed in red. The German DAX index dropped by 1.10%, while the French CAC40 closed lower by 0.36%. …
Read More »U.S. Industrial Production Rises in January
Industrial production in the United States expanded last month, as the American economy recovers from the impact of the Coronavirus pandemic. Production at U.S. factories increased by 1% in January, following a 0.9% rise in December, data by the Federal Reserve showed on Wednesday. This marked the ninth consecutive monthly …
Read More »U.S. Business Inventories Rise in December
Business inventories in the United States rose more than expected during December, data showed on Wednesday. U.S. business inventories increased by 0.6% in December, after rising by 0.5% in November, according to data by the U.S. Department of Commerce. On an annual basis, business inventories declined by 2.6% in December …
Read More »Rise in European stocks stops as focus shifts towards inflation and Kering plummets
European stocks retreated from nearly a year highs, as concerns about a possible increase in inflation undermined optimism about the economic recovery led by vaccines, while Kering fell after sales of its Gucci brand fell more than expected. Shares of the French group, which also owns the Saint Laurent brand, …
Read More »France: Unemployment Declined in Q4 to Pre-Pandemic Levels
The unemployment rate in France decreased to levels before the Coronavirus Pandemic in the last quarter of 2020 despite the data being affected in part by the six-week lockdown measures to confront the COVID-19 outbreak, during which job seekers were unable to register themselves unemployed, According to the National Institute …
Read More »Stimulus Hopes Lead Dow Jones to a Record Closing Level
The Dow Jones Industrial Average hit a record high today, Tuesday, supported by gains in the sectors related to the economic cycle, amid hopes of more financial stimulus to pull the US economy out of the recession sparked by the Coronavirus pandemic. But the Nasdaq index fell, affected by losses …
Read More »Oil Prices Close Near 13-Month Highs Supported by a Cold Wave in Texas
Oil prices closed on Tuesday, February 16, near their highest levels in 13 months, supported by a very cold wave in the southern United States that closed oil wells and refineries in Texas. Prices have been on an upward path for months as crude producers restrict supplies and swiftly distribute …
Read More »Gold falls as US Bond Yields Rise, And Platinum Falling From Highest Level in More Than 6 Years
Gold prices fell by as much as 1.7% on Tuesday, February 16th, to their lowest level in more than a week with the rise in US Treasury bond yields, while platinum fell in volatile trading after a rally that brought it to its highest level in six and a half …
Read More »Fed’s Daly Play Down Risk of Rising Inflation
The President of the Federal Reserve Bank of San Francisco, Mary Daly, on Tuesday, played down the risks of a rise in inflation in the United States. Daly noted that there are concerns in the market of a surge in the inflation rate, but said that she does not this …
Read More »NYSE Indices Close Mostly Lower as Treasury Yields Rise
The main indices of the New York Stock Exchange (NYSE) showed a mixed performance on Tuesday and closed mostly lower. This comes amid huge increases in the U.S. Treasury yields and disruptions in the energy sector due to extreme weather conditions in the south that resulted from a strong winter …
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