European stocks remained firm on Monday, betting on monetary policy forbearance by central banks till firmer economic rebound was in place and thus allowing benchmark indexes to tread higher than Friday’s levels. European Central Bank President’s comments on continuance of stimulus till economic recovery proved sustainable supported the rally, despite the impending review of Federal […]
Asian stocks rose broadly on Monday after the G7 summit ended with a pledge to continue to support economies with investment until pandemic subsidies. Amid inflation worries, investors awaited the U.S. Federal Reserve’s monetary policy meeting scheduled for Tuesday and Wednesday for more cues about economic recovery and monetary policy. Markets in Taiwan, China and […]
European stocks may open on a positive note Monday, with optimism about vaccine rollouts and central bank stimulus likely to offer some support. The head of the EU drug regulator’s COVID-19 task force said on Sunday that AstraZeneca’s coronavirus vaccine had a favorable risk-benefit profile for all age groups and particularly for those aged over […]
Asian stock markets are trading mixed on Monday on a light day for the region with four major markets on holiday, following the broadly positive cues from Wall Street on Friday. The markets are supported by energy and technology stocks in particular. Meanwhile, investors seem reluctant to make significant moves ahead of the U.S. Federal […]
Asian stocks turned in a mixed performance on Friday, as U.S. bond yields eased despite data showing soaring U.S. consumer prices in May. Investors bet spiking inflation would be temporary and the Federal Reserve will maintain its ultra-loose monetary policy for some time. Chinese shares fell after data showed the country’s broader credit growth slowed […]
Investors’ reaction to the University of Michigan’s preliminary report on consumer sentiment in the month of June might be the focus on Friday. Initial cues from the U.S. Futures Index suggest that Wall Street might open higher. As of 7.25 am ET, the Dow futures were adding 65.00 points, the S&P 500 futures were progressing […]
The leaders of G7 countries will endorse the historic agreement reached last week by finance ministers for a global minimum corporate tax of at least 15 percent during their ongoing summit. The U.S. proposal, agreed to by other member nations, is a critical step towards ending the decades-long race to the bottom that pushes nations […]
With 14880 new cases, the number of people infected with coronavirus in the U.S. increased to 34,275,783. The 7-day average of daily new cases is 13,412. 424 new deaths reported on Thursday took the total COVID death toll in the country to 614,007. The 7-day average of COVID deaths is 387. California reported the most […]
Stocks showed a lack of direction for much of the trading day on Friday but managed to end the session mostly higher. The S&P 500 reached a new record closing high, while the Nasdaq rose to its best closing level in over a month. The major averages moved to the upside going into close to […]
Google has revoked its three-year ban on cryptocurrency-related ads on its sites under the search giants’ new ad services policy. This action will now allow cryptocurrency exchanges and wallets certified by Google to advertise their products and services on Google’s network, beginning August 3, 2021. Google will update its ‘Financial products and services policy’ to […]