The S&P 500 index flirted with a full-blown market correction Thursday, a move that would mark its fastest such slide since the financial crisis. The S&P 500 SPX, -2.22% was off around 64 points, or 2%, near 3,053 after trading as low as 3.006.96. A close below 3,047.54 would markRead More →
By Sruthi Shankar (Reuters) – U.S. stock index futures lurched downwards on Friday as a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds. The risk-off mood was exacerbated by data showing Japan’s factory activity suffered its steepestRead More →
© Reuters. Investors look at computer screens showing stock information at a brokerage house in Shanghai By Tomo Uetake TOKYO (Reuters) – Stocks tumbled on Monday as investors grew increasingly anxious about the economic impact of China’s spreading virus outbreak, with demand spiking for safe-haven assets such as the JapaneseRead More →
© Reuters. People pass a stock board showing stocks in red outside the Singapore Exchange in the central business district in Singapore By Tom Westbrook SINGAPORE (Reuters) – Asian shares extended their losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to waitRead More →
© Reuters. The logo of PSA Peugeot Citroen is seen at the company’s plant in Poissy, near Paris By Gilles Guillaume and Yilei Sun PARIS/BEIJING (Reuters) – Peugeot maker PSA Group (PA:) said it is preparing to sell its 50% stake in an eight-year-old joint venture with Chinese partner ChongqingRead More →
Canaccord Genuity strategist Tony Dwyer has been bullish on the U.S. stocks in recent years, predicting after rising more than 23% in 2019, the S&P 500 will reach 3,350 by the end of 2020, a more than 8.3% increase from Tuesday’s close. But Dwyer has also made intermittent calls forRead More →
© Reuters. A man is reflected on a stock quotation board outside a brokerage in Tokyo By Hideyuki Sano TOKYO (Reuters) – Global stocks tumbled and the safe haven yen and Swiss franc gained in early Asian trade on Thursday, on signs Washington and Beijing were still wide apart onRead More →
MUMBAI (Reuters) – The recent drop in Indian lender Yes Bank Ltd’s (NS:) stock price does not reflect the bank’s performance and it remains on a solid financial footing, Chief Executive Ravneet Gill said on a conference call on Thursday. “The operating metrics of the bank, the performance of theRead More →
Gold’s short-term direction is down, according to contrarian analysis. This forecast has nothing to do with Thursday’s big drop in bullion’s price. It instead traces to the gold timers’ recent jump onto the bullish bandwagon. From a contrarian perspective, of course, that means that the path of least resistance overRead More →
© Reuters. Traders work on the floor at the New York Stock Exchange (NYSE) in New York By Stephen Culp NEW YORK (Reuters) – Wall Street seesawed from red to black and back on Thursday as recessionary fears and simmering U.S.-China trade tensions offset upbeat retail sales data. All threeRead More →
FRANKFURT (Reuters) – German energy group E.ON (DE:) on Wednesday posted a 75% drop in operating profit at its retail unit, as a price cap in Britain continues to squeeze margins of local utilities. Second-quarter adjusted earnings before interest and tax (EBIT) declined to 21 million euros ($23.54 million) atRead More →
By Winni Zhou and Noah Sin SHANGHAI/HONG KONG (Reuters) – China’s tumbling yuan found a floor on Tuesday morning after a firmer than expected central bank fixing and a planned bond sale in the offshore market suggested authorities wanted to contain the currency’s recent slide to new lows. The yuan’sRead More →
BEIJING (AP) — Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all declined. Fed leaders have said they are ready to cut rates to support economic growth amid a tariff warRead More →
Asian markets fell in early trading Thursday, following losses on Wall Street and turmoil in Hong Kong. Stocks fell sharply in Hong Kong after protesters and police clashed throughout the previous day and night. At least 79 people were injured, Hong Kong officials said. Demonstrators were protesting a potential newRead More →
Crude prices fell Wednesday after a report on U.S. crude supplies indicated a sharp jump in inventory, ahead of official data from the Energy Information Administration later. West Texas Intermediate crude for July delivery CLN19, -2.55% fell 89 cents, or 1.7%, to $52.39 a barrel on the New York MercantileRead More →
Don’t expect an end to the tariff standoff between the U.S. and Mexico to undo the plunge in U.S. Treasury yields this year. Monday’s bond selloff is only traders taking a breather from the Treasury market’s relentless rally in the past few weeks, and was unlikely to dent the widely-sharedRead More →
© Reuters. A man riding on a bicycle looks at an electronic board showing the Japan’s Nikkei average outside a brokerage in Tokyo By Hideyuki Sano TOKYO (Reuters) – U.S. stock futures, Asian share markets and oil prices slipped to multi-month lows on Monday on mounting worries growing Sino-U.S. tensionsRead More →
“The Simple Path to Wealth” blog A small house in Montgomery, Alabama. Rates for home loans fell again, taking the benchmark product below a key threshold, as global economic concerns rocked markets. The 30-year fixed-rate mortgage averaged 3.99% in the May 30 week, down from 4.06%, Freddie Mac said Thursday.Read More →
© Reuters. The German share price index DAX graph at the stock exchange in Frankfurt By Medha Singh (Reuters) – European shares were deep in the red on Monday after U.S. President Donald Trump unexpectedly ratcheted up trade tensions between the world’s largest economies by vowing to hike tariffs onRead More →
Crude prices tracked slumping global equities on Monday as investors shied away from perceived riskier assets amid concerns trade talks between the U.S. and China were verging on collapse. Last week marked a second consecutive weekly decline for U.S. oil prices. On Monday, West Texas Intermediate crude for June deliveryRead More →
© Reuters. Investing.com – Class A shares of Alphabet, the corporate parent of search giant Google, were falling after hours Monday after the company reported first quarter that beat analysts’ expectations but revenue that fell short of forecasts. Alphabet (NASDAQ:) shares fell 4.6% after hitting new closing and 52-week highsRead More →
