Market Update

European shares rose on Wednesday, thanks to strong results from Britain’s Reckitt Benckiser and Russia-exposed bank UniCredit, while a decline in luxury goods LVMH shares limited gains. The pan-European Stoxx 600 index rose 0.2 percent. Still, investors are cautious amid concerns over energy supplies in Europe, with the US Federal …

Japan’s Nikkei index reversed course to close higher on Wednesday, supported by gains in chip-related stocks. At the same time, investors remained cautious ahead of the US Federal Reserve’s interest rate decision due later on Wednesday. The Nikkei rose 0.22 percent to 27,715.75 points, and the broader Topix index rose …

Oil prices stabilized on Wednesday as data showing a larger-than-expected drop in US crude inventories dispelled concerns about weak demand. Brent crude futures recorded $104.55 a barrel, up 15 cents, or 0.1 percent. US West Texas Intermediate crude rose 27 cents, or 0.5%, to $95.25 a barrel. After Tuesday’s settlement, …

Alphabet reported on Tuesday second-quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations. Alphabet A announced earnings per share of $1.21 on revenue of $69.69B. Alphabet A shares are down 27% from the beginning of the year, still down 30.70% from its 52 week high of …

Visa reported third-quarter earnings that beat analysts’ forecasts and revenue that topped expectations on Tuesday. Visa A announced earnings per share of $1.98 on revenue of $7.28B. Analysts anticipated EPS of $1.74 on revenue of $7.06B. Visa A shares are down 25% from the beginning of the year, still down …

a large amount of speculative interest was paying attention to US bond yields. The yield curve is the most inverted since 2000. 2-year Treasuries are yielding 3.03%, while the 10-year note yields 2.76%. An inverted curve is usually a sign of an upcoming recession. Economic Data Home purchases, in the …

WTI crude oil lost about 0.83% on Tuesday. The market’s sentiment shifted sour, augmenting appetite for safe-haven assets to the detriment of commodity prices as the US crude oil slides for the first time in this week. WTI traded at $95.51 per barrel following the report after settling down $1.72 …

The Gold Index is displaying back and forth moves in a narrow range of $1,713.92-1,721.97 as investors are awaiting the announcement of the fourth consecutive interest rate decision by the Fed. The precious metal has displayed a complete volatility contraction, which indicates that now the monetary policy announcement is the …

The short-lived crypto rally, according to some analysts, might have been a clever trap to tempt traders in. Bitcoin price is now redirected to the negative territory.Bitcoin price has broken the ascending trend channel, prompting a 25% profit rally since July 13. A breaking news coverage was issued on July …

Microsoft shares fell 1% in extended trading on Tuesday after the software maker reported fiscal fourth-quarter results that failed to reach Wall Street consensus.Microsoft’s revenue and income fell short, as did the company’s revenue from Azure and other cloud services. Changing exchange rates and challenges in advertising and the PC …