Market Focus Global equities plummeted on Friday, with a new COVID variant discovered in South Africa rising concerns that new lockdown policies could be imposed and hindered the recovery of the economy once it gets widely spread. In Asia, Japan’s …
Market Focus Eurozone’s October inflation rate hit a 13-year high of 4.1%, well above the European Central Bank’s 2% target, prompting some investors to bet that the European Central Bank will raise interest rates next year. But the Council of …
Market Focus The US indices edged higher on Wednesday, and technology stocks rebounded due to the slowdown in the rise in bond yields. The recent increase in yields is due to the decision of President Joe Biden, who re-nominated Jerome …
Market Focus U.S. shares rose on the back of gains in cyclicals, while the technology sector extended losses as rising Treasury yields damped the outlook for growth stocks. The S&P 500 ended the day higher, after swinging between gains and …
Market Focus As investors cheered on the appointment of Federal Reserve Chairman Jerome Powell for the second term, U.S. stocks rose to a record high, and the S&P 500 index surged to a high of the day immediately after the …
Market Focus Stocks looked set to fall Monday weighed by growing concerns over nationwide COVID-19 lockdowns in Europe that raised fears about new restrictions beyond the continent, and the risk of a faster withdrawal of Federal Reserve stimulus. The Treasury …
Market Focus Technology stocks drove the equity market to a record in a volatile session ahead of Friday’s options expiration. S&P 500 notched its 66th all-time high of 2021, with the benchmark gauge poised for the second-biggest number of annual …
Market Focus Equities retreated on concern that inflation could weigh on the global economic rebound, pushing central banks to raise interest rates sooner than expected. Traders took some risk off the table as data signaled house builders are struggling to …
Market Focus Eqiuities climbed after the largest increase in U.S. Retail Sales since March, with reports from industry leaders Walmart Inc. and Home Depot Inc. showing strong demand even as inflation pares down purchasing power. The robust retail figures along …
Market Focus After closing down 0.3% to 0.7% last week, the three major US stock indices opened higher this week. As optimistic Chinese economic data eased concerns about the slowdown in the world’s second largest economy, world stock markets are …
