Stocks around the region traded mostly lower on December 17, following overnight losses on Wall Street, as investors digested monetary policy decisions from two key central banks. On December 16, the Bank of England hiked interest rates for the first time since the beginning of the Covid-19 pandemic. The central bank raised its interest rate …
On Friday, Asian stocks showed 14-month lows as worries about the new Omicron variant, decisions of the world’s major central banks, and inflation concerns hit investor confidence. On Friday, MSCI’s broadest index of Asia-Pacific shares fell 0.8% outside Japan to 2.29%. Chinese blue chips fell 1.36%, heading for their most destructive week in four months, …
Asian stocks decrease as inflation and Omicron fears rise Read More »
Federal Reserve’s meeting helped to boost U.S. stock futures. On Thursday morning, stock futures rose after the Federal Reserve signaled it would be aggressive on tapering and sees three interest hikes in 2022. The country’s central bank provided multiple indications on Wednesday that its ultra-easy policy is coming to an end. According to the central …
Stocks in Asia-Pacific mainly were down on December 15, with Chinese markets declining as investors key Chinese economic data. Meantime, Chinese biotech firm BeiGene made its debut in Shanghai. In Hong Kong, the Hang Seng index fell 0.9% to finish its trading day at 23,420.76. The Hang Seng tech index dropped 1.52%. Mainland Chinese stocks …
Stocks Suffered Losses as Investors Analyzed Economic Data Read More »
Mainland Chinese stocks dropped on Tuesday, tracking other losses in Asia-Pacific markets, as Covid’s new variant returned to focus. In Hong Kong, the Hang Seng index declined 1.33% to close at 23,635.96. Tech stocks fell, with Alibaba down almost 2%, Tencent losing 1.46%. The Hang Seng index dropped 2.28%. Shares of Weibo declined fell more …
Mainland Chinese Stocks Fell Due to the Omicron Variant Read More »
Stock futures rose in overnight trading Sunday thanks to the S&P 500. Since February, the index notched its best week, rebounding from a big sell-off triggered by fears of the omicron coronavirus variant. Dow Jones Industrial Average futures gained 90 points. The S&P 500 futures added 0.2% and Nasdaq 100 futures advanced 0.3%. Interestingly, the …
Stock Futures Benefited from a One Very Important Factor Read More »
It was not an easy day for stocks as they fell on Friday as investors analyzed risks associated with the new omicron variant of Covid-19. Investors are also waiting for the inflation data. In Japan, the Nikkei 225 dropped 1% to end its trading day at 28,437.77. The Topix index declined 0.77% to close at …
Stocks in Asia-Pacific Fell Due to Covid and Inflation Read More »
U.S. stocks rose on Wednesday as investors continued to monitor the situation regarding Covid’s new variant. The Dow Jones Industrial Average gained 35.32 points or 0.1% to close at 35,754.75. The S&P 500 advanced 0.3% to 4,701.21. The index sat 0.9% from its record. The Nasdaq Composite added 0.6% to 15,786.99. Pfizer’s and BioNTech’s position …
European stocks rose on Wednesday, with investors analyzing the latest information around the omicron Covid variant. The pan-European Stoxx 600 gained 0.2% by early afternoon, paring earlier gains, with healthcare stocks gaining 1.2% while retail fell 0.9%. The positive trade in the region came after a strong session on Tuesday. This week, Pfizer’s CEO Albert …
How European Stocks Reacted to Covid’s New Variant Read More »
European stocks demonstrated their strength on Tuesday. They rose to their highest in more than a week boosted by a strong rebound in technology shares as worries regarding the Omicron coronavirus variant ebbed, as well as gains in the mining sector after China eased its monetary policy. The pan-European STOXX 600 index dropped 1.8% to …
The most-indebted real estate developer in the world is struggling to avoid the worst-case scenario. Shares of China Evergrande Group fell 12% to an 11-year low on Monday after the company said there was no guarantee it would have enough funds to meet debt repayments. The company’s announcement had a tremendous impact on its shares. …
Shares of China Evergrande Fell to the Lowest Level Read More »
Stocks in Asia-Pacific were mixed on December 3, following days of turbulent trading this week as investors continue to monitor the situation regarding the omicron variant of the coronavirus. Chinese tech stocks in Hong Kong fell after Didi announced on December 3 that it plans to delist from the NYSE. The company will begin taking …
Chinese Tech Stocks Fell Due to Didi’s Announcement Read More »
European stocks fell on Thursday, following a drop on Wall Street late the previous session, as the new Omicron coronavirus variant fueled market volatility. The Stoxx 600 in Europe fell 0.9% as traders reacted to the first discovery of the new strain in the United States on Wednesday and a continued rise in cases in …
Supply chain concerns and rising inflation have dampened optimism about the global economic recovery. Advanced economies will grow at a 4.4 percent annual rate in 2022. The number went down from 5.4 percent in 2021. However, it is far ahead of the 3.2 percent contraction recorded in 2020. Moreover, the estimated growth rate for 2022 …
Travel stocks declined on Monday. In Japan, shares of Japan Airlines dropped 3.98% while ANA Holdings fell 4.09%. Shares of other airlines also suffered losses on Monday. Australia’s Qantas Airways dropped 2% while shares of Cathay Pacific in Hong Kong declined 3.85%. Shares of Singapore Airlines fell 2.47% in Singapore. Those losses came as countries …
Travel Stocks declined because of the Covid’s New Variant Read More »
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