The critical metals market, the lifeblood of electric vehicles and modern electronics, is engulfed in a bitter competition for supremacy. Western mining companies are on one side, supporting techniques that are ethically and environmentally sound. China, an industrial giant with an unrelenting thirst for output and market dominance, is situated …
Read More »US Major Indexes Give Back Modest Gains
US major equity indexes opened the new trading week on a calm note near last week’s closing levels. The S&P 500 index was up 10 points to 4,542, almost unchanged on the day after giving up modest gains recorded after the opening bell on Monday. The Dow Jones Industrial Average …
Read More »Wall Street closes higher with S&P 500 tipping fresh record
The S&P 500 index, a proxy for the health of retirement and college savings accounts, has climbed by 0.4% for its sixth successive gain to close as solid earnings stir investors’ expectations and appetite.S&P 500 closed at 4,536.19. The Dow Jones Industrial Average rose by 0.4% to 35,609.34 and Nasdaq …
Read More »Market Drivers – U. S. Session 19-10-2021
U. S. stocks continue to rise despite the below-expected economic data concerning the housing sector, one of the most important economic sectors in the United States. Stocks’ surge is mainly due to the positive earnings reports posted by several companies including Netflix as the latest announced earnings posted on Tuesday. …
Read More »$80 oil sparks mixed expectations for world economy
Oil prices have jumped above $80 for the first time since 2018, this development is handing a major boost to producers but is simultaneously fuelling more inflationary pain for consumers.Global supplies are disrupted because U. S. production is still hampered by ongoing fallout from Hurricane Ida in Louisiana and the …
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