Major Global market indices continued their gaining streak this week, with some touching record highs early in the week, some of them however later lost ground as bond yields reached…
Global stocks set new highs again this week with a myriad of factors grabbing a piece of the spotlight, including Congressional hearings aimed at deciphering the recent GameStop trading frenzy.
Global Markets finished modestly positive for the week on strong earnings growth and the increasing likelihood of additional fiscal stimulus.
Global markets posted their best weekly gain since November, with major indexes closing at fresh record highs. Fiscal-stimulus expectations and progress on vaccine distribution continue to underpin the bullish market…
Global Markets logged one of the largest weekly loss in three months last week as volatile trading in certain pockets of the market continued, raising concerns about speculative excesses.
Global markets finished the week slightly off record highs, as investors continue to balance positive news with near-term challenges. In focus is the $1.9 trillion fiscal-stimulus proposal from the Biden…
Biden’s pick for Treasury Secretary, Janet Yellen, is expected to rule out seeking a weaker dollar when testifying on Tuesday, the Wall Street Journal reported.
Mexican stocks, as measured by the IPC Index, returned about 6%. Shares were lifted in part by strength in U.S. equities, as Joe Biden—who is expected to be less aggressive…
The S&P 500 posted 19 new 52-week highs and no new lows; the Nasdaq Composite recorded 117 new highs and four new lows.
Investor sentiment and the lira currency also benefited from the central bank’s recent action on interest rates. Following the December 24 monetary policy meeting—at which policymakers decided to raise all…
Russian stocks declined early in the week amid worsening sentiment toward riskier asset classes and on news that the U.S. Department of Commerce would move to block trade in goods…
Stocks in Brazil, as measured by the Bovespa Index, returned about 1.2%. Early in the week, Brazil reported that inflation rose 0.89% in November on a month-over-month basis.
Turkish stocks, as measured by the BIST-100 Index, returned about 0.2%. Shares fell sharply on Monday but rebounded over the rest of the week.
A new round of vaccine optimism and diminishing political uncertainty helped global stocks build on recent gains for the holiday-shortened week
The South African Reserve Bank (Sarb) left the repurchase rate (repo rate) unchanged at 3.5 percent as inflation is expected to remain contained in the medium term.
In what surely qualifies as some of the more encouraging news of the year, the announcement that a Pfizer vaccine showed promising trial results powered markets higher last week.
Gold regained some ground lost in Monday’s plunge expectations of fiscal and monetary stimulus offered support to the safe-haven metal.
The ECB left its monetary policy unchanged, keeping its deposit rate at -0.5% and its emergency bond-buying program at EUR 1.35 trillion
Following three consecutive weekly advances, global stocks declined modestly during the week. The news flow was dominated by headlines around the negotiations for another round of fiscal relief from Washington…
Global markets were mixed but generally ended higher during the week as data on the coronavirus and various economic fronts streamed in during the week. On the global economic front,…
Global markets were mixed during the week, posting declines earlier in the week and closing later higher, mixed with optimisms on the U.S elections and the health of the U.S…
Stocks in Brazil, as measured by the Bovespa Index, returned about -1.4%. During the week, Brazil reported a solid current account surplus for the month of August
Nikola Corp plunged 19.3 per cent after its founder, Trevor Milton, stepped down as executive chairman following a public squabble with a short-seller over allegations of nepotism and fraud.
Oil prices rose for a second day, up more than 2%, as Hurricane Sally closed U.S. offshore production and an industry report showed U.S. crude inventories unexpectedly decreased.
The price of one ounce of gold was $1,946.50 by market close, down from $1,949.50 at the previous close, according to data from Borsa Istanbul’s Precious Metals and Diamond Markets.
U.S. crude settled down 2.92% at $41.51 per barrel and Brent was at $44.43, down 2.52% on the day.
Japan’s GDP growth is expected to contract more than 7% (26.6% annualized) in the three months ended June 30 versus the prior quarter, according to a survey of economists polled…
Stocks in Brazil, as measured by the Bovespa Index, returned about -0.1%. On Wednesday, the central bank reduced its benchmark lending rate, the Selic rate, from 2.25% to 2.00%.
The renminbi declined following the escalation in U.S.-Beijing tensions, losing 0.4% against the greenback and closing at 7.018 for the week.
Equity turnover at the Nairobi Securities Exchange closed the week with a relative growth in value in terms of shares exchanging hands and by turnover. Turnover for the week stood…
The largest advances in Asia Pacific region came in Japan and Hong Kong, with Seoul and Shanghai also seeing gains though volumes were down across the board.
The benchmark NSE All Share Index (NASI) closed at 140.87, representing a 1-week gain of 0.84%, a 4-week gain of 6.14%, but an overall year-to-date loss of 15.35%. The NSE…
The dollar dropped against a basket of peers. The dollar index fell 0.247%, with the euro up 0.08% to $1.0837. The Japanese yen strengthened 0.38% versus the greenback at 106.86…
The Dow Jones Industrial Average rose 358.51 points, or 1.51%, to 24,133.78, the S&P 500 gained 41.74 points, or 1.47%, to 2,878.48 and the Nasdaq Composite added 95.64 points, or…