Mitch McConnell adjourned the Senate ending hopes of a stimulus package in the week ahead. Earnings and economic data are flooding in and pharma giants are leading the early billing. In a $35 billion deal, AMD is to merge with Xilinx (NASDAQ:XLNX) Banks in Europe are showing signs of life, stocks and oil rebound after …
Stimulus Gone, Earnings Overflow, AMD/Xilinx Merge Read More »
European stocks grappled on Tuesday, with investors balancing the generally stronger-than-expected Q3 earnings results with concerns about rising coronavirus cases. In the previous session European stocks slipped further after their biggest fall since September. Concerns over the worsening pandemic intensified. The Stoxx Europe 600 SXXP, -0.45% dropped 0.7%, after a 1.8% tumble on Monday. Moreover, …
European Stocks Struggle, Balancing Earnings with Virus Wave Read More »
Britain said time was very short to bridge the significant remaining gaps on key issues in negotiations with the European Union. Michel Barnier, chief negotiator headed to London to continue talks. The United Kingdom left the EU in January, but the two sides are trying to secure a deal. They try to reach an agreement …
Britain says Time was very Short as Barnier Heads to London Read More »
The Japanese government upgraded its view on consumption in its October monthly report. It was on stronger demand for electronics and higher travel spending. But it warned about broader economic conditions remaining severe due to the COVID-19 pandemic. The world’s 3rd largest economy showed signs of picking up from the fallout of COVID-19. This included …
Japan Raises View on Demand, but Economy still Severe Read More »
President Donald Trump and former Vice President Joe Biden attacked each other on their final debate before the presidential elections. Issues on coronavirus, the stock market and the economy were argued upon on Thursday night. Republican incumbent President Trump and Democratic challenger Biden traded barbs over management of the pandemic, health care and energy. Less …
Trump and Biden’s Final Debate: Virus, Stock Market and Economy Read More »
Stock-index futures made a higher start for Wall Street on Monday. Expert analysts were building support for continued hopes for a stimulus package and positive economic data from China. Futures on the Dow Jones Industrial Average Stocks rose 193 points, or 0.7%, to 28,601. S&P 500 SPX futures were up 27.80 points, or 0.8%, to …
Some investors worry that escalating anti-government protests in Thailand could push one of this year’s worst-performing stock markets even lower. Political uncertainty adds another layer of risk to an already weak tourism-dependent Thai economy. Asia’s worst performers this week were Thai stocks (SETI). Stocks were down 2.6%, as protests hit the capital Thailand Bangkok. Tens …
European stock markets pushed higher on Friday. Thanks to positive corporate news from index heavyweights Daimler and LVMH for some gains. But investors were anxious over the economic impact of the second wave of the Covid-19 virus. Thus, overall sentiment remains weak. The DAX in Germany traded 0.2% higher, at 3:35 AM ET (0735 GMT). …
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