Market Update

European shares rose on Tuesday, led by real estate and chemicals shares, as investors weighed a batch of economic data, while BP’s weak third-quarter earnings weighed on the energy sector. By 0826 GMT, the European STOXX 600 index rose 0.2 percent, but was heading for its worst monthly performance since …

Japan’s Nikkei index rose on Tuesday after the Bank of Japan increased flexibility in controlling the yield curve while maintaining its stimulus policy. The Nikkei index closed 0.53 percent higher at 30,858.85 points. The broader Topix index rose 1.01 percent. Financial sector stocks recorded the largest gains, as the insurance …

Oil prices rose in Asian trading on Tuesday, after falling more than three percent in the previous session, as concerns about supplies sparked by the conflict in the Middle East overshadowed weak Chinese data. By 0305 GMT, Brent crude futures for December, which expire on Tuesday, rose 36 cents, or …

In the third quarter of this year, ExxonMobil experienced a decline in profits compared to the same period last year, as stated in the earnings report released on Monday. However, the company saw a noteworthy 15% increase in net income in the last September quarter, a boost attributed to the …

In the last September quarter, HSBC Bank achieved remarkable financial results, reporting net profits of $6.26 billion. This figure represented a substantial increase of 235% in profits compared to the same period the previous year, where profits stood at $2.66 billion. The surge in profits before tax deductions was equally …

Gold retreated after surging on Friday and is trading slightly below $2,000. Silver initially surged towards October highs but later trimmed its gains, settling at $23.30. Markets are looking forward to a busy Tuesday in the middle of a loaded week with central bank meetings and key economic data. Risk …

With company earnings, economic data, and the Federal Reserve’s two-day monetary policy meeting this week, Wall Street rebounded on Monday.The S&P 500 gained 1.2%, the Nasdaq gained almost the same amount, and the Dow increased by almost 1.6%. Microsoft and Amazon outperformed the market as a whole, and Megacap stocks …

McDonald’s achieved profits that surpassed market expectations after achieving significant growth in its international sales in the quarter ending last September.McDonald’s profits rose to $3.19 per share in the third quarter of 2023, versus expectations of $3.00 per share.The company’s revenues also rose to $6.69 billion in the quarter ending …

The Bank of Canada Governor Tiff Macklem has warned Canadian lawmakers that the economy is in a weaker phase due to higher interest rates, restraining consumption and bringing supply and demand closer to balance. Tiff Macklem stated that the Canadian central bank is assessing the effectiveness of its monetary policy, …

The AUD/USD pair is trading near 0.6375 as investors prepare for a mid-week Fed rate decision. The AUD has gained strength due to positive Australian data, such as Australian Retail Sales exceeding forecasts. September’s retail sales showed a 0.9% increase, significantly higher than the 0.3% estimate. US investors are anxiously …