Thu, March 28, 2024

Stock Markets

Stocks and U.S. economy

Stocks Benefited From Better Than Expected Economic Data

On Wednesday, the Dow Jones Industrial Average, as well as S&P 500, saw gains thanks to better than expected economic data. Importantly, a report from ADP showed private payrolls stateside falling by 2.76 million in May. This result is better than expected, as it was expected that private payrolls would fall by 8.75 million according …

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Stocks and investor sentiment

Bank Stocks and Investor Sentiment on June 3

It was a good day bank stocks as they benefited from investor optimism. For example, shares of HSBC listed on the Hong Kong Stock Exchange gained 2.02%. Moreover, shares of China Construction Bank added 0.48%. Also, Shinhan Financial Group’s stock in South Korea rose 11.72%. Moreover, in Singapore, the DBS group soared 6.83%. Oversea-Chinese Banking …

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Stocks and risk factors

Investors, Asian Stocks and U.S.-China Tensions

Asia is home to some of the largest economies in the world and investors and analysts are constantly analyzing the situation on the ground. For example China, Japan, etc. Moreover, countries located region have the potential to achieve even bigger results. Unfortunately, the coronavirus pandemic created too many problems for the economy. On Tuesday, stocks …

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Authorities and Ant Group

Stocks Reacted to the News Connected with Factory Activity

Last week, China’s National Bureau of Statistics released information about factory activity. According to the bureau, factory activity expanded in May. The official manufacturing Purchasing Manager’s Index (PMI) stood at 50.6. Nevertheless, compared to April the index fell from 50.8 to 50.6. Let’s have a look at the stocks in Asia on June 1. Moreover, …

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Costco and main challenges

Costco’s Total Revenue Reached $37.27 Billion

Last week, the Costco Wholesale Corporation released information about the fiscal third quarter. Interestingly, compared with the same period in 2019 the total revenue increased significantly to $37.27 billion. As a reminder, Costco is one of the largest corporations in the United States when it comes to total revenue. Importantly, the fiscal third quarter ended …

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Costco and financial results

Costco’s Sales Increased in the Fiscal Third Quarter

Costco Wholesale Corporation is one of the largest corporations in the United States when it comes to total revenue. On Thursday, Costco released information about the fiscal third quarter. Interestingly, sales grew in the quarter despite the coronavirus pandemic. However, the stay-at-home orders influenced the growth. Let’s have a look at the results. The fiscal …

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Stocks and risk factors

Hong Kong’s Hang Seng Index, Security Law and Stocks

Hong Kong’s Hang Seng index fell on May 28 to close at 23,132.76. Moreover, stocks in the Asia Pacific were mixed due to rising tensions. Notably, Japenese stocks led gains among the major regional markets. The Nikkei 225 gained 2.32% to close at 21,916.31 as shares of index heavyweight Fast Retailing jumped 3.7%. In the …

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Stock markets and risk factors

China Passed the Controversial Hong Kong Security Law

On Thursday, stocks in the Asia Pacific were mixed due to mounting tensions between the U.S. and China. Tensions affected investor sentiment. Interestingly, Japenese stocks reached the best results among the major regional markets. For example, the Nikkei 225 added 2.32% to close at 21,916.31 as shares of index heavyweight Fast Retailing soared 3.7%. At …

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Stock markets and tensions

Tensions Between U.S.-China Affected Stocks

The U.S. has the largest economy in the world and second place belongs to China. Thus, tensions between the largest economies have the potential to create additional problems for the global economy. On Wednesday, investors analyzed the potential impact of rising tensions between Washington and Beijing. Let’s have a look at the stocks across Asia. …

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Moderna and vaccine trial

Shares of Moderna Jumped then Fell Due to lack of Clarity

Companies around the world are working hard to create a COVID-19 vaccine. However, the preclinical biotechnology company Moderna is one of the front-running candidates when it comes to creating a vaccine. However, there are certain problems as well.  For example, last week more precisely on May 19, shares of Moderna closed at a record high …

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Planned National Security Law Weighs on the Hang Seng Index

Meanwhile, the Hang Seng index showed gains earlier of 0.07%, after losing 5.5% on Friday due to China’s proposed national security law for Hong Kong. The announcement led to the breach of social-distancing guidelines, as thousands took the streets of the city to protest against Beijing’s new security measure. It also prompted the US to …

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