Category: Stock Market

May 11
Oil prices fell on Monday; fears of 2nd coronavirus wave

Oil prices fell on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world’s top producers. Brent crude futures were down 29 cents, or 0.9%, at $30.68 a barrel. U.S. West Texas Intermediate crude futures fell 17 cents, […]

May 08
Global stocks rise as US and China play nice on trade

Global stocks are climbing on signs that China and the United States might avoid another bruising confrontation over trade. “Given the recent rising tensions between the U.S. and China surrounding Covid-19, investors are likely comforted to see that both sides are still working toward implementing the phase-one deal,” said Takeo Kamai, head of execution services […]

May 07
Asian shares mixed after Wall St dips on pandemic worries

Asian shares were mixed Thursday after a decline on Wall Street after more depressing data rolled in on the devastation sweeping the global economy. Asian Shares “Asian stocks are off to a sluggish start following gloomy COVID-19 figures, dismal U.S. private payroll data, Trump’s tough talk on China, and as Japan returns from Golden Week […]

May 06
U.S. stock futures, Chinese shares slip, Οil falters

Stocks struggled and the yen gained on Wednesday, with markets in China faltering on their return from a long holiday as investors fretted over Sino-U.S. tensions, while oil ended an extended winning streak on oversupply risks amid weak demand. Stocks Wall Street futures turned negative after starting higher, with E-minis for the S&P500 ESc1 off […]

May 05
Shares advanced in Asian early Tuesday

Shares advanced in Asia early Tuesday after Wall Street shook off a weak start and ended with modest gains thanks to another solid showing from big technology companies. Shares FTSE futures up 1.31%. EuroSTOXX 50 futures 1.5% higher, after sharp falls on Monday. U.S. stock futures rose 0.75%. Amid light trading volumes, with China, Japan […]

May 04
Asian stocks slid early Monday; dollar up

Asian stocks slid early Monday, as tensions rose between the U.S. and China over the spread of the coronavirus pandemic. The dollar inched higher, stock markets struggled for traction and oil dropped on Monday as a U.S.-China spat over the origin of the coronavirus put the brakes on optimism about an economic re-start as countries […]

May 01
Asian Stocks Fall In Thin Holiday Trade

Asian stocks fell in thin holiday trade on Friday after Apple Inc. and Amazon.com Inc. warned of uncertainty ahead due to the coronavirus pandemic. Asian Stocks Markets in South Korea, China, India, Singapore, Taiwan, Hong Kong, Indonesia, Malaysia and Thailand were closed for holidays. Japanese shares fell from a near eight-week high, with chip-related firms […]

Apr 30
Asian shares rise on hopes for drug to treat coronavirus

Asian shares advanced on Thursday, riding a wave of optimism about a possible treatment for the coronavirus that set off a rally on Wall Street powerful enough to override data showing the U.S. economy had logged its worst quarterly performance since 2009. Asian Shares Japan’s benchmark Nikkei 225 surged 2.6% in morning trading to 20,277.56. […]

Apr 30
Oil prices rise amid early signs of fuel demand picking up

Oil prices jumped on Thursday, buoyed by signs that the U.S. crude glut is not growing as quickly as expected and that fuel demand battered by COVID-19 restrictions is starting to pick up. West Texas Intermediate (WTI) crude futures climbed to a high of $17.75 a barrel and were up 9.2%, or $1.39, at $16.45 at […]

Apr 29
Asian shares cautious ahead of Fed, corporate earnings

Asian shares were cautiously higher on Wednesday as investors paused ahead of the US Federal Reserve’s policy decision while oil prices jumped on hopes demand will pick up as many countries lift some of the coronavirus-related restrictions. Asian Shares “The market narrative remained centered around recent competing themes with stimulus and reopening flagged as large […]