US and European Indices Perform Strongly
The Dow has opened marginally higher this afternoon, while Europe’s leading indices have maintained their strong morning performance.
At 3.30pm (London time), the Dow had inched 18.51 points (+0.19%) ahead to 9701.92, after closing at its highest level in 11 months on Tuesday, while the S&P 500 was up by 4.03 points (+0.38%) to 1056.66. [...]
US Markets Move Lower Despite Positive Retail Sales
US equity markets shrugged off better-than-expected US macroeconomic releases and fell on the back of weakness in the banking sector.
The Commerce Department revealed that retail sales surged the most in three years in August. The report indicates that sales at US retailers jumped 2.7% in August, exceeding Bloomberg’s median estimate for a 1.9% rise from [...]
Profits Taken on US Equity Markets as Traders Fear Reforms
The US equity markets retreated for the first time in eight days today, as tensions surrounding a trade dispute between China and the United States encouraged investors to take profits.
A full blown trade row was ignited between the United States and China today, after President Barack Obama’s administration announced that it will impose duties on [...]
American Equity and Indices Markets Update
The US stock market futures ticked marginally higher this afternoon, suggesting Wall Street is poised to open higher today.
Investor sentiment remained upbeat so far today, as encouraging data emanating out of China kept hopes of global economic recovery alive.
Official reports released in China today unveiled a 12.3% annual rise in industrial production for August [...]
US Equity Markets Fall on Disappointing results
US equity markets were expected to open higher following the jobless claims data and encouraging outlook of technology companies – but they didn’t. Instead, Wall Street fell on the back of Monsanto’s disappointing results.
Official data released this afternoon revealed that the number of Americans claiming first-time unemployment benefits (initial jobless claims) fell to 550,000 [...]
US Equities Market Trading News
A flood of analyst upgrades and better-than-expected corporate results helped Wall Street relinquish earlier losses.
Both MasterCard, the world’s second largest payment processor behind Visa, and credit card company Capital One Financial Corp were among the list of upgraded companies.
MasterCard’s share price climbed 0.7% to $208.95 at the start of trading today after Citigroup [...]
Mining Stocks Push Wall Street Higher
Rising metal prices, merger news, and more broker upgrades helped US equity markets kick-off in positive territory today.
By 3.30pm (London time), the Dow Jones Industrial Average was trading 49.12 points (+0.52%) higher at 9490.39, while the broader S&P 500 was 7.22 points (+0.71%) above its previous close at 1023.62.
Miners contributed to gains on Wall Street [...]
Kraft Bid for Cadburys Pushes FTSE Higher
With Wall Street shut for Labor day, all the action remains in London and mainland Europe and, as is often the case when there is no trading Stateside, the markets have been somewhat muted this afternoon.
The stock markets remain buoyant, though, with the FTSE 100 progressing to 4931 by 3pm, up 79 points or [...]
World Financial Market Trading Update
The Dow Jones index opened flat today after key employment data gave mixed signals about the state of the economy.
By 3pm in London, the DJIA was trading down just 4 points at 9340, while the broader S&P 500 index was unchanged at 1003.
Over the last few weeks we have seen stock prices moving upwards [...]
US Market Trading Report
The US stock market opened up slightly higher today after a four-day losing streak, as retailers posted August sales that exceeded analyst expectations and helped to offset disappointing labour data.
The US stock market opened up slightly higher today after a four-day losing streak, as retailers posted August sales that exceeded analyst expectations and helped to [...]