Category: Market Watch

US Retail Sales at All-Time Highs, but Consumer Sentiment Hits 10-year Low

November 19, 2021
Business & EconomyEconomieseconomyMarket WatchMarketsUSUS Retail Sales
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Investors reacted positively to a strong U.S. retail sales report on Tuesday, but there has been a historic divergence between consumer sentiment and consumer behavior. The Numbers On Tuesday, the Commerce Department reported U.S. retail sales grew 1.7 percent in October, ahead of analyst estimates of 1.5 percent growth. The stronger-than-expected spending numbers come the…

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Dollar Dips From 16-Month Highs as Rally Takes a Pause

November 18, 2021
AustraliaBusiness & EconomyBusinesses in COVID-19CanadaCompaniesDollareconomic policiesEconomieseconomyEuropeForexGold & CommoditiesinflationInternationalInvestmentMarket WatchMarketsUKUSUS NewsWorld
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LONDON—The dollar slipped back from a 16-month peak on Thursday, losing ground on the euro and Australian and New Zealand dollars as traders assessed whether the U.S. currency’s recent surge was starting to stall. The dollar has rallied in recent weeks as traders bet on tighter U.S. monetary policy. Stronger-than-expected inflation numbers in the United…

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Global Shares Mixed After US Stocks Fall Back

November 18, 2021
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompanieseconomic policiesEconomieseconomyEuropeglobalGold & CommoditiesHK BusinessHong KonginflationInternationalInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewsRegional-Local NewsSharesstocksUKUSUS NewsUSAWorld
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TOKYO—Global shares were mixed Thursday after stock indexes shuffled lower on Wall Street. France’s CAC 40 edged up nearly 0.2 percent in early trading to 7,167.47. Germany’s DAX gained 0.2 percent to 16,275.17. Britain’s FTSE 100 fell 0.2 percent to 7,277.41. The future for the Dow industrials was trading 0.2 percent higher, while the future…

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Stocks Fall as Market Turns Choppy Amid Inflation Concerns

November 17, 2021
Business & EconomyCompaniesinflationInvestmentMarket WatchMarketsstocksWall Street
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Stocks fell in morning trading on Wall Street Wednesday as the broader market takes a choppy turn amid lingering concerns about rising inflation. The S&P 500 fell 0.3 percent as of 10:20 a.m. ET. The losses pulled the benchmark index further below the record high it reached on Nov. 8. The Dow Jones Industrial Average…

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Asian Shares Slip After Biden-Xi Talks, Global Shares Mixed

November 17, 2021
Business & EconomyMarket WatchSharestalksXi Jinping
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Global shares were tangled on Nov. 17 yet Asian shares failed to see market-boosting news following virtual talks between U.S. President Joe Biden and Chinese leader Xi Jinping. At a three-hour meeting on Nov. 15, the two leaders dialed down some of the heat in Sino-U.S. tensions, though both sides held to entrenched positions on…

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Wall Street Opens Lower as Nvidia Weighs

November 16, 2021
Business & EconomyBusinesses in COVID-19CompaniesEconomieseconomyInvestmentLocal NewsMarket WatchMarketsNew YorknvidiaNY NewsRegional-Local NewsstocksUSUS NewsWall Street
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Wall Street indexes opened slightly lower on Tuesday, with Nvidia weighing on the S&P 500 and Nasdaq after the UK ordered an in-depth probe into the chipmaker’s planned acquisition of Arm. The Dow Jones Industrial Average fell 11.27 points, or 0.03 percent, at the open to 36,076.18. The S&P 500 opened lower by 3.38 points,…

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Bitcoin Slips Below $60,000 for the First Time in More Than Two Weeks

November 16, 2021
bitcoinBusiness & EconomyCompaniescryptocurrenciesEconomieseconomyGold & CommoditiesInternationalInvestmentMarket WatchMarketsUSUS NewsWorld
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Bitcoin, the world’s biggest and best-known cryptocurrency, slipped below $60,000 on Tuesday, taking losses from a record high of $69,000 struck on Nov. 10 to more than 12 percent. Bitcoin was down 5 percent at $60,391.3 at 1253 GMT, after earlier falling as much as $58,563, its lowest since Oct. 28, while Ether, the second-biggest…

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Dollar Near 16-Month High Versus Euro Ahead of US Retail Sales Data

November 16, 2021
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyChinese RegimeCompaniesDollareconomic policiesEconomieseconomyeuroEuropeExecutive BranchGold & CommoditiesinflationInternationalInvestmentLocal NewsMarket WatchMarketsNew YorkPoliticsrateRegional-Local NewsRetailsalesUKUSUS NewsUS-China relationsWorld
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LONDON—The dollar held just below a 16-month high versus the euro on Tuesday, while the yuan reached its strongest in more than five months as markets welcomed dialogue between the U.S. President and Chinese leader. U.S. President Joe Biden and Chinese leader Xi Jinping stressed their responsibility to the world to avoid conflict, in talks…

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Stock Markets March on as Biden-Xi Talks Lift Sentiment

November 16, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyChinese RegimeCompanieseconomic policiesEconomieseconomyEuropeExecutive BranchGold & CommoditiesinflationInternationalInvestmentJoe BidenLocal NewsMarket WatchMarketsNew YorkPoliticsRegional-Local NewsstockUSUS NewsUS-China relationsWorldXi Jinping
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LONDON—Global stock markets marched on towards new peaks on Tuesday as U.S. President Joe Biden and Chinese leader Xi Jinping held over three hours of virtual talk, helping to nudge China’s yuan to a five-month high and pulling the dollar lower. The closely watched conversation between the leaders of the world’s biggest economies appeared to…

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Futures Rise on Tech Strength; Tesla Extends Losses

November 15, 2021
Business & EconomyBusinesses in COVID-19Companieseconomic policiesEconomieseconomyfuturesGold & CommoditiesinflationInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsstrengthTechteslaUSUS News
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U.S. stock index futures rose on Monday as major technology stocks advanced, while investors awaited a slew of retail earnings and economic data this week to gauge the health of consumer spending. The three major Wall Street indexes had fallen between 0.3 percent and 0.7 percent last week on concerns over high inflation and weakening…

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