Kakuzi Set on Second Avocado Shipment to China Amidst Souring Demand.
Kakuzi will be shipping several 20-foot container loads to China by sea before the end of this week as demand for quality Kenyan avocado fresh fruits continues to grow.
IEA Report Shows a Sharp Decline in Global Electricity Demand on Sluggish Economic Growth
After global electricity demand grew by a strong six percent in 2021, propelled by rapid economic recovery as Covid-19 lockdowns eased, the IEA expect growth to slow to 2.4 percent in 2022 — about the same as the average from 2015 to 2019,
Review of Safaricom’s Inagural Engineering Summit, Decode.
Safaricom PLC launched the Safaricom Engineering Community in a two-day inaugural summit dubbed Decode last week.
Oil Prices Slips to $98.81 on Anticipated U.S. inventory build amid Demand Concerns
Oil is generally priced in U.S. dollars, so a stronger greenback makes the commodity more expensive to holders of other currencies. Investors also tend to view the dollar as a safe haven during market volatility.
Kenya’s Senate Raises Debt Ceiling to Kes 10 Trillion.
Kenya’s debt ceiling could soon hit Kes 10 trillion. This is after the Senate gave the country’s treasury the green light to borrow more funds by raising the debt ceiling to Kes. 10 trillion after both houses of parliament approved the variation of the public debt ceiling. On Tuesday, 27 senators approved the motion that was …
Kenya’s Senate Raises Debt Ceiling to Kes 10 Trillion. Read More »
SWVL Indefinitely Halts Key Services in Kenya Amidst Global Layoff.
In a sudden turn of events, SWVL is pausing all their daily and city-to-city rides in Nairobi.
KCB Group names Paul Russo as the new CEO to succeed Joshua Oigara.
KCB Group Plc has announced the appointment of Paul Russo as the new Chief Executive Officer effective today, May 25, 2022. Paul Russo who is the current National Bank of Kenya (NBK) CEO and KCB Group Regional Business Director takes over leadership of the giant lender from Joshua Oigara whose term has ended after nine …
KCB Group names Paul Russo as the new CEO to succeed Joshua Oigara. Read More »
Oil mixed at $106.75 as new Russia sanctions offset demand worries
Proposed EU sanctions, which the bloc’s 27 member states must approve, would ban buying Russian coal and prevent Russian ships from entering EU ports. Britain also urged G7 and NATO nations to agree a timetable to phase out oil and gas imports from Russia.
Global Markets Weekly Review: Week 06, 2022
Chinese stocks rose in line with global markets amid supportive official comments and a perception that the country’s regulatory crackdown cycle had peaked.
Market Report; February 01, 2022
Car and General Plc saw its shares decline by 8.89% during Tuesday’s trading session on the Nairobi Securities Exchange (NSE). Volumes on the stock however remained low, with only 600 shares traded on the counter.
Market Report; January 31, 2022
The derivatives of the NSE posted a decline in activity, with 11 futures contracts valued at Kes 321,200 concluded by the close of Monday’s trading session.
Global Markets Weekly Review: Week 04, 2022
Fed Chair Jerome Powell left open the possibility that global markets policymakers would raise rates in 2022 more than the three quarter-point hikes they had signalled after their December meeting
Market Report; January 28, 2022
There were 53 single stock futures valued at Kes 1,922,250 traded in today’s session on the derivatives market of the NSE.
Market Report; January 27, 2022
Compared with the previous NSE trading day, today’s data shows 2% improvement in volume, 48% improvement in turnover, and 8% improvement in deals.
Oil Prices Fall 1% as U.S. Fed’s Pending Rate Hike Spooks Investors
Crude oil prices surged on Wednesday, with Brent climbing to $90 a barrel for the first time in seven years, amid the tensions between Ukraine and Russia, the world’s second-largest oil producer, that has fanned fears of energy supply disruptions to Europe.
Market Report; January 26, 2022
Trading on the secondary bond market of the NSE posted an increase in activity, compared to Tuesday’s trading, with bonds valued at Kes 3.48 billion transacted in 98 deals.
Market Report; January 25, 2022
A total of 11,591,200 shares in 1,103 deals, corresponding to a market value of KES 413,050,977.00, were traded in today’s session on the NSE.
Gold Prices Flat at $1,840.24 Ahead of Fed Meeting
Spot gold was little changed at $1,840.24 per ounce by 0323 GMT. U.S. gold futures were also steady at $1,840.70.
Market Report; January 24, 2022
The derivatives market of the NSE saw an increase in activity in today’s trading session compared to Friday’s trading with 19 single stock futures valued at Kes 830,670.
Global Markets Weekly Review: Week 03, 2022
Global markets remained mixed this week, with a majority of the investors gaining ground on basis of interest rates rising as mentioned by the Feds, an event that the market has been anticipating for over 18 months.
Market Report; January 21, 2022
The derivatives market of the NSE saw an increase in activity compared to Thursday’s trading with 6 single stock futures valued at Kes 215,980 concluded.
Oil Prices Flat at $88.27 Amidst Growing Tensions at the Russian-Ukranian Border.
OPEC officials and analysts say that an oil rally may continue in the next few months, and prices could top $100 a barrel as demand shrugs of the spread of the omicron Covid-19 variant.
Gold Slips 0.3% Dragged by Stronger Dollar and Higher U.S. Treasury Yields.
Benchmark 10-year U.S. Treasury yields touched a two-year peak, while the dollar hit a six-day high earlier in the session, making gold expensive for overseas buyers.
Market Report; January 14, 2022
The derivatives market of the NSE recorded a marginal decline in activity compared to Tuesday’s trading with 9 single stock futures valued at Kes 383,650.
Oil Prices Drop 0.6% U.S. Inventory Release, China Demand Concerns
With oil prices above $80 a barrel, there is growing political pressure for the White House to lobby OPEC+ to hit their production quotas.
Market Report; January 13, 2022
East African BreweriesPlc emerged as the top loser during Thursday’s trading session on the NSE with an end-of-day price depreciation of 5.31% at KES 151.50 per share.
Market Report; January 12, 2022
Trading on the secondary bond market on the NSE posted an increase in value, compared to Tuesday’s trading, with bonds valued at Kes 4.67 billion transacted in 73 deals.
Asian Markets Rally Buoyed by China December Inflation Data; JD Soars 11.05%
Chinese markets rose on Wednesday, tracking gains in other Asia-Pacific markets. U.S. markets also rallied overnight as comments from the Fed chief appeared to reassure investors.
KenGen Completes Phase One of the 25-Acre Ngong Forest Restoration Project
The initiative is in line with the Kengen’s Environmental Conservation Program and Corporate Environmental Sustainability Policy
Oil Maintains Steady Rise, Brent at $81.27 as Producers Struggle on Output.
The market is waiting on U.S. oil and product inventory data from the American Petroleum Institute (API), an industry group, due at 2130 GMT on Tuesday, followed by data from the U.S. Energy Information Administration on Wednesday.
Market Report; January 10, 2022
At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE). A total of 9,042,500 shares in 1,021 deals, corresponding to a market value of KES 275,028,913.00, were traded. Compared with the previous NSE trading day (Friday, January 7), today’s data shows 20% improvement in volume, 13% improvement in turnover, and …
Oil Prices Flat at $81.91 amidst Growing Concerns over Kazakhstan, Libya Supplies.
The oil and gas rig count, an early indicator of future output, rose two to 588 in the week to Jan. 7, its highest since April 2020, energy services firm Baker Hughes said in its closely followed report on Friday.
Asian Markets Mixed, China Evergrande Shares Jump 4.85% on Property Optimism.
Asian markets were spooked earlier in the week and fell sharply after minutes from the Fed’s December meeting showed officials at the central bank ready to aggressively dial back policy help.
Oil Gains to $82.56 as Libya Outage and Kazakhstan Unrests Fuel Supply Concerns
Oil prices edged up on Friday, heading for their biggest weekly gains since mid-December, fueled by supply worries amid escalating unrest in Kazakhstan and outages in Libya.
CMA Issues the Fourth Edition of the State of Corporate Governance Report.
The Capital Markets Authority (CMA) continues to appreciate the importance of collaboration and partnerships, as demonstrated by the MoUs signed with a number of institutions.
Global Markets Weekly Review: Week 52, 2021
2021 was a better-than-average year for global markets. Stock market returns, economic growth, policy stimulus and inflation all ran hot while volatility was historically cool.
Market Report; 30 December 2021
At the end of today’s trading session on the Nairobi Securities Exchange (NSE), A total of 2,605,400 shares in 731 deals, corresponding to a market value of KES 74,958,097.00, were traded. Compared with the previous NSE trading day (Wednesday, December 29), today’s data shows 19% decline in volume but 8% improvement in deals. The current …
Oil Prices Hold Near $80 as Supply Dips Amidst Surge in Omicron Infections
Oil prices have been underpinned by Ecuador, Libya and Nigeria declaring forces majeures this month on part of their oil production because of maintenance issues and oilfield shutdowns.
Market Report; 29 December 2021
At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 3,219,300 shares in 680 deals, corresponding to a market value of KES 74,546,504.00, were traded. Compared with the previous NSE trading day (Tuesday, December 28), today’s data shows 47% decline in volume, 61% decline in turnover, and 18% decline …
Market Report; 28 December 2021
At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 6,121,400 shares in 834 deals, corresponding to a market value of KES 191,761,835.00, were traded. Compared with the previous NSE trading day (Friday, December 24), today’s data shows 27% decline in volume, 37% decline in turnover, but 41% improvement …
Asia Pacific Markets Jump Following S&P 500 Gains
Shares in Asia rose on Tuesday after the S&P 500 notched yet another record close on Wall Street overnight. Japan’s Nikkei 225 led gains among the region’s major markets as it gained 1.37% on the day to 29,069.16 while the Topix index advanced 1.37% to 2,005.02. Elsewhere, Hong Kong’s Hang Seng index closed 0.24% higher at 23,280.56. …
Asia Pacific Markets Jump Following S&P 500 Gains Read More »
Global Markets Weekly Review: Week 51, 2021
In light of the improving global economic outlook, the Reserve Bank of Australia (RBA) may be positioned to end its quantitative easing (QE) initiatives after its February policy meeting.
Market Report; 24 December 2021
At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE), A total of 8,416,200 shares in 593 deals, corresponding to a market value of KES 305,224,273.00, were traded. Compared with the previous NSE trading day (Thursday, December 23), today’s data shows 15% decline in volume, 9% decline in turnover, and …
Oil Prices Flat at $76.56 even as Liquefied Natural Gas Prices Jump.
Oil prices fell on Friday in thin, holiday trade after a three-day rally, with investors trying to gauge the omicron coronavirus variant’s impact on demand.
Market Report; 23 December 2021
At the end of today’s trading session on the Nairobi Securities Exchange (NSE), A total of 9,880,000 shares in 761 deals, corresponding to a market value of KES 334,158,535.00, were traded. Compared with the previous NSE trading day (Wednesday, December 22), today’s data shows 12% improvement in volume but 11% decline in deals. The current …
Uganda’s Serrai Group Wins bid For a 20-Year Lease of Mumias Sugar.
Mumias Sugar Company receiver-manager Ponangipalli Rao announced Wednesday that Uganda’s Serrai Group had emerged as the winner of the bidding process that has lasted over 4 months.
Wall Street Ends Over 1% Lower on Omicron Variant Concerns.
The yield on the three-year Treasury note was down 1.9 basis points at 0.9069% in afternoon wall street trading, while yields on longer-term government debt rose throughout the day.
Global Markets Weekly Review: Week 50, 2021
All eyes across global markets were on the Fed last week as the market awaited the latest policy decision and outlook – a decision that drew particular attention given the inflation environment.
Asian Markets Extend Decline, Japan’s Nikkei Drops 1.79%
Asia-Pacific markets traded mostly lower on Friday, following overnight losses on Wall Street, as investors assessed monetary policy decisions from two key central banks. Japan’s Nikkei 225 fell 1.79% in Asia to close at 28,545.68, while the Topix index was down 1.42% to 1,984.47. Chinese mainland shares also tumbled, with the Shanghai Composite falling 1.16% …
Asian Markets Extend Decline, Japan’s Nikkei Drops 1.79% Read More »
Oil Prices Gain 1.2% as Demand Surges Across Markets
U.S. crude oil inventories sank by 4.6 million barrels in the week to Dec. 10, data from the U.S. Energy Information Administration showed.
Oil Prices Drop for Third Session as Data Shows Supply Will Outpace Demand in 2022.
American Petroleum Institute data showed U.S. crude oil stocks fell by 815,000 barrels in the week ended Dec. 10, according to market sources
Oil Prices Gain as Europe, Asia Renew Restrictions over Omicron
Still, the Organization of the Petroleum Exporting Countries raised its world oil demand forecast for the first quarter of 2022 and stuck to its timeline for a return to pre-pandemic levels of oil use.
Global Markets Weekly Review: Week 49, 2021
Global markets were mixed this week, with downs at the beginning of the week with equity markets later rebounding, after two weeks of losses.
Wall Street Gains; S&P 500 Ends at Record High Backed by CPI Data
Elon Musk, chief executive of Tesla Inc, tweeted that he is “thinking of quitting my jobs & becoming an influencer full-time.” The electric-car maker’s stock advanced 1.3% during trading on wall street.
Asian Markets Broadly Decline; ASX 200 Subindex Plunges 1.49%
Asia-Pacific markets declined on Friday as investors assess risks associated with the new omicron Covid variant and look ahead to key inflation data in the U.S. Japan’s Nikkei 225 extended losses from the previous session and was down 0.67%. The Topix index traded 0.53% lower. In South Korea, the Kospi fell 0.61% while the Kosdaq was down …
Asian Markets Broadly Decline; ASX 200 Subindex Plunges 1.49% Read More »
Oil Prices Decline on Profit Taking, Futures Set for a 6% Weekly Gain
A stronger dollar, rising ahead of U.S. inflation data due later on Friday, also weighed on fuel prices. Oil typically falls when the dollar firms as it makes oil more expensive for those holding other currencies.
Wall Street Ends Lower as Tesla Drags S&P With a 6% Drop
In consumer staples on wall street, heavyweight electric car maker Tesla Inc was the biggest percentage decliner, falling 6%.
Market Report; 09 December 2021
The derivatives market of the Nairobi Securities Exchange (NSE) was muted with no contracts trading during today’s trading session.
Market Report; 08 December 2021
Compared with the previous Nairobi Securities Exchange (NSE) trading day, today’s data shows a 40% decline in volume, a 44% decline in turnover, and an 18% decline in deals.
Oil Reverses Gains as Prices Dip 0.3% on GlaxoSmithkline Vaccine Optimism
Oil prices edged lower on Wednesday, reversing gains from earlier the week, as investors tried to assess the full impact of the omicron coronavirus variant on global fuel demand and the effectiveness of existing vaccines. Brent crude futures dropped 25 cents, or 0.3%, to $75.19 a barrel at 0129 GMT, after settling 3.2% higher on Tuesday. U.S. West …
Oil Reverses Gains as Prices Dip 0.3% on GlaxoSmithkline Vaccine Optimism Read More »
Market Report; 07 December 2021
Compared with the previous NSE trading day (Monday, December 6), today’s data shows 227% improvement in volume, 286% improvement in turnover, and 9% improvement in deals.
Asian Markets Gain, Nikkei Jumps 2% on Omicron Optimism.
Stocks across Asia – Pacific markets jumped on Tuesday, bouncing back from Monday losses on optimism that the omicron variant risk might not be as bad as feared.
Market Report; 06 December 2021
Trading on the secondary bond market on the Nairobi Securities Exchange (NSE) was higher compared to Friday’s trading, with bonds valued at Kes 2.18 billion transacted in 63 deals
Oil Prices Rally 2.4% as Saudi’s Top Exporter Raises Crude Prices
On Sunday, Saudi Arabia raised January official selling prices for all crude oil grades sold to Asia and the United States by up to 80 cents from the previous month.
Global Markets Weekly Review: Week 48, 2021
Investors across global markets were set for lots of reactions during the week. On top of the list was the Omicron variant of the coronavirus and the massive lockdowns which various countries have imposed, also with the travel restrictions. Cruise and commercial airlines stood out to be the most hit. The United States. In a …
Wall Street Drops as Fed, Omicron Causes Worry on Investors.
Wall Street’s major indexes closed lower on Friday, with the Nasdaq leading the declines as investors bet that a strong jobs report would not slow the Federal Reserve’s withdrawal of support all while they grappled with uncertainty around the Omicron coronavirus variant. After opening higher, Wall Street spent the rest of the session in the …
Wall Street Drops as Fed, Omicron Causes Worry on Investors. Read More »
KBA Partners with Stakeholders to Launch Africa’s First Bank-Environment Sign Language Application.
The software has been developed and will be moderated by Deaf eLimu Plus Ltd, with funding from KBA and FSD Kenya.
Global Markets Weekly Review: Week 47, 2021
Chinese markets weakened in line with other global markets, with the CSI index easing 0.6% and the Shanghai Composite Index ending flat amid U.S.-China tensions and rising economic pressures that raised expectations for supportive government measures.
Global Markets Weekly Review: Week 46, 2021
Global markets are up roughly 25% so far this year, and its path to get here has been nearly stumble-free, with just one 5% dip along the way.
Nasdaq Closes Above 16,000 Mark as Tech Stocks Rally on Wall Street.
Chipmaker Nvidia Corp rose 4.1% on the Nasdaq, to its third straight closing high, and the Philadelphia semiconductor index, up 0.3%, hit its third record closing high in four.
Wall Street Rebounds as Data Showed Retail Sales Jumped 1.7% in October.
The positive data helped wall street investors look past comments from St. Louis Federal Reserve President James Bullard, who called for a more hawkish stance by the central bank in response to rising inflation.
Wall Street’s Benchmarks Flat as 10-Year Treasury Note Hits Highest Level in Three Weeks.
Wall Street indices closed out Monday’s session near the unchanged mark as rising Treasury yields dented the appetite for technology stocks,
Global Markets Weekly Review: Week 45, 2021
The week ended mixed for global markets backed by inflation concerns and the risks of default from Chinese real estate companies led by China Evergrande and Kaisa Holdings Limited.
Global Markets Weekly Review: Week 44, 2021
November started off on solid footing for global markets, with equity markets logging their best weekly return in more than four months.
Wall Street’s Benchmarks Post over 1% in Gains as Fed Unveils Tapering Plan
Major Wall Street indexes posted solid gains and marked closing record highs as the Federal Reserve said it will begin trimming its monthly bond purchases in November.
Global Markets Weekly Review: Week 43, 2021
While history often points to October as a volatile month for global markets, this year we saw the opposite in equity markets. After a 5.2% correction in September.
Asia – Pacific Markets Mixed; Trading on Razer Halted in Hong Kong Ahead of M&A Announcement.
Shares in Asia-Pacific were mixed on Friday as investors monitored stocks of Apple suppliers after the tech giant’s revenue miss. Mainland Chinese stocks closed higher as the Shanghai composite advanced 0.82% to 3,547.34 and the Shenzhen component gained 1.45% to 14,451.38. Hong Kong’s Hang Seng index shed 0.8%, as of its final hour of trading. Trading in the Hong Kong-listed …
Oil Prices Drop 0.1% to Post First Weekly Decline Since August Despite Supply Concerns
U.S. oil stocks rose much more than expected in the week to Oct. 22, data from the Energy Information Administration showed on Wed.
Wall Street Closes Higher Backed by Growing Optimism Over U.S. Debt-Ceiling Deal
Wall Street ended higher on Wednesday as investors grew more optimistic that congressional Democrats and Republicans could reach a deal to avert a government debt default. Top U.S. Senate Republican Mitch McConnell said his party would support an extension of the federal debt ceiling into December. This would head off a historic default that would …
Wall Street Closes Higher Backed by Growing Optimism Over U.S. Debt-Ceiling Deal Read More »
Global Markets Weekly Review: Week 39, 2021
Global markets were mixed but mostly lower as inflation concerns hit various central banks after the hits of the Evergrande crisis which has rocked China and looked to be throwing the global real estate sector in awe.
WPP Scangroup Swings Back to Profit in H1, Issues Full Year Profit Warning
WPP Scangroup issued a profit warning, with expectations that the company’s full-year 2021 earnings will be at least 25% lower than Full Year 2020.
Wall Street Rebounds 1% Backed by Wednesday’s Fed Stance on Tapering
U.S. stocks on wall Street gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve’s stance on tapering stimulus and raising interest rates. Upbeat outlooks from Accenture and Salesforce helped to bolster the market, while the U.S. Food and Drug Administration late Wednesday authorized a booster dose of the Pfizer-BioNTech COVID-19 …
Wall Street Rebounds 1% Backed by Wednesday’s Fed Stance on Tapering Read More »
Wall Street Mixed, S&P 500 Drops Amidst Rising U.S Treasury Yields, Strong Retail Sales
The three major wall street indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.
Wall Street Rebounds, Energy Sector Leads backed by Crude Oil 0.5% Price Jump.
Stocks on wall street closed higher on Wednesday as rising crude oil prices boosted energy shares and a swath of positive U.S. economic data.
Global Markets Weekly Review: Week 36, 2021
Major Global markets edged slightly downward last week, with the U.S markets leading as some benchmark indices logged their first five-day losing streak since mid-February.
Wall Street Mixed as Investors Uneasy Over Slow Economic Rebound in 2021.
Benchmark index of wall street, the S&P 500 closed lower on Tuesday while the Nasdaq edged up to a record high, as investors balanced worries about the slowing pace of economic recovery with expectations that the Federal Reserve will maintain its accommodative monetary policy. Amgen Inc fell 2.1% during trading on wall street and Merck …
Wall Street Mixed as Investors Uneasy Over Slow Economic Rebound in 2021. Read More »
Earnings: Britam, The Not so Amazing SCAN, Apples and our Weekly Cowries.
It has been a great run and as the Hisa App team, here’s the latest on what topped our analysts this week, some of these were earnings releases coupled with various global economic data. Britam Holdings Plc The insurance company Britam seemed to provide towering results, coming from the abyss of losses that many companies …
Earnings: Britam, The Not so Amazing SCAN, Apples and our Weekly Cowries. Read More »
Global Markets Weekly Review: Week 35, 2021
Global Markets were mixed this week as data from various fronts; from the U.S jobs data which was released on Friday and the growing anxiety over the shifting Fed policy adding new wrinkles to various analysts across various global markets. United States The benchmark indexes for the top global market ended the week mixed after …
Wall Street Posts Gains, Energy Stocks Lead with a 2.5% Jump & Job Claims Data Released
Wall Street benchmarks, the S&P 500 and Nasdaq eked out record finishes on Thursday, while the Dow also posted a modest gain, as higher commodity prices helped energy names recover ground and the latest jobs data left investors unfazed about existing positions. The energy sector rose 2.5%, reversing much of the loss suffered during the …
Wall Street Posts Gains, Energy Stocks Lead with a 2.5% Jump & Job Claims Data Released Read More »
Global Markets Weekly Review: Week 34, 2021
Global market headlines swung squarely to Fed policy and geopolitical uncertainties last week, while swings in the stock market remained narrow, continuing August’s tranquil trend. United States Stocks gained as full Food and Drug Administration (FDA) approval of the Pfizer-BioNTech COVID-19 vaccine supported sentiment toward an ongoing economic recovery. The tech-heavy Nasdaq Composite index outperformed …
Wall Street’s S&P 500, Nasdaq Nab All-time Closing Highs as Powell Soothes Taper Fears
Wall Street rallied on Friday, pushing the S&P and the Nasdaq to record closing highs for the fourth time this week, as U.S. Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole Symposium calmed fears over the tapering timetable and sent investors into the weekend in a buying mood. All three indexes posted weekly …
Wall Street’s S&P 500, Nasdaq Nab All-time Closing Highs as Powell Soothes Taper Fears Read More »
Wall Street Rallies as S&P 500, Nasdaq Record Closing Highs
Wall Street gained ground again on Wednesday, with chipmakers and financials helping to push the S&P 500 and the Nasdaq to record closing highs as investors look to the upcoming Jackson Hole Symposium for assurances that Federal Reserve’s timeline for policy tightening remains intact. With few negative catalysts to sour the risk-on sentiment, all three …
Wall Street Rallies as S&P 500, Nasdaq Record Closing Highs Read More »
Oil Reverse Gains but Stays Stable with WTI, Brent Shedding 0.4%
Oil prices fell on Wednesday, taking a breather after a strong rally this week spurred by the loss of a quarter of Mexico’s production and signs that China, the world’s biggest importer, has curbed a recent coronavirus outbreak. U.S. West Texas Intermediate (WTI) crude futures fell 25 cents, or 0.4%, to $67.29 a barrel by 0151 GMT, …
Oil Reverse Gains but Stays Stable with WTI, Brent Shedding 0.4% Read More »
Asian Markets Gain Following Pfizer/BioNTech’s Covid-19 vaccine FDA Approval
Shares in Asia-Pacific rose in Tuesday trade, with Hong Kong stocks leading gains among the region’s major markets. That came after the tech-heavy Nasdaq Composite jumped to a record closing high overnight following the U.S. Food and Drug Administration’s full approval of Pfizer and BioNTech’s Covid-19 vaccine. Hong Kong’s Hang Seng index closed 2.46% higher at 25,727.92, with …
Asian Markets Gain Following Pfizer/BioNTech’s Covid-19 vaccine FDA Approval Read More »
Oil Prices Jump 0.9% on Demand Outlook Following FDA Pfizer/BioNTech SE Covid-19 Vaccine Approval.
Oil benchmarks jumped more than 5% on Monday, helped by a weaker U.S. dollar, after marking their biggest week of losses in more than nine months last week.