Category: Market Watch

European Stocks Head for Best Week in Seven Months

October 15, 2021
Asia & PacificAustraliabestBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyEuropeEuropeanInvestmentMarket WatchMarketsperformancestocksUKUSweekWorld
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European stocks were headed for their best weekly performance in seven months on Friday, as a bright start to the earnings season helped ease investor concerns about higher inflation. The pan-European STOXX 600 index rose 0.3 percent, on course to end the week with a more than 2 percent gain after a sharp rebound in…

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Dollar Looks Set to End Week Down, Yen Nears a 3-Year Low

October 15, 2021
Asia & PacificAustraliaBusiness & EconomyCompaniesDollardownEconomieseconomyEuropeInternationalInvestmentLocal NewsMarket WatchMarketsNew YorkRegional-Local NewsUKUSUS NewsWorldyen
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LONDON—The dollar headed for its first weekly decline versus major peers since the start of last month on Friday as global risk appetite rebounded, while the Japanese yen headed for a three-year low and the price of bitcoin hit nearly $60,000. The dollar index slipped 0.1 percent to 93.9 and was down 0.2 percent for…

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Investors Park Inflation Fears to Renew Bets on Stocks

October 15, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyEuropeinflationInternationalInvestmentinvestorsLocal NewsMarket WatchMarketsNew YorkNY NewsRegional-Local NewsstocksTexasUKUSUS NewsWorld
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LONDON—Shares rose on Friday, buoyed by stellar corporate earnings results, but strong oil prices and stalling car sales in Europe were a reminder of headwinds for the world economy. The STOXX index of 600 European shares was up 0.2 percent at three-week highs. Britain’s FTSE 100 also gained 0.2 percent, the UK blue-chip index having…

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Fed, Nearing Bond-Buying ‘Taper,’ Remains Divided on Inflation

October 15, 2021
Business & EconomyBusiness ColumnistsEconomieseconomyFedMarket WatchU.S. labor marketUSUS News
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Despite a broadly shared view that the U.S. labor market has healed enough to allow the Federal Reserve to start reducing its monthly bond purchases as soon as next month, policymakers remain divided over inflation and what they should do about it. The U.S. government reported on Thursday that producer prices rose 8.6 percent in…

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Wall Street Rallies 1 Percent on Upbeat Earnings, Tech Strength

October 14, 2021
Business & EconomyCompaniesearningsEconomieseconomyInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsstrengthTechUSUS NewsWall Street
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Wall Street’s main indexes rallied on Thursday as a surge in technology stocks and strong quarterly results helped investors to look away from inflation concerns. The biggest boost came from growth names including Facebook Inc., Microsoft Corp., Amazon.com Inc., Tesla Inc., Apple Inc., and Google-parent Alphabet, which rose more than 1 percent. Bank of America…

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Earnings Optimism Drives European Stocks to Two-Week Highs

October 14, 2021
Business & EconomyChinaChina Business & EconomyCompaniesearningsEconomieseconomyEuropeEuropeanInternationalInvestmentMarket WatchMarketsoptimismstocksTechUKUSUS NewsWorld
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European stocks hit a more than two-week high on Thursday as investors hoped that a steady economic recovery from the pandemic-induced slump will support corporate earnings despite signs of elevated inflation. The pan-European STOXX 600 index rose 0.8 percent, with miners up 2.1 percent and technology stocks gaining for a second day. European semiconductor companies,…

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Inflation Angst Lifts Stocks but Reins Back Dollar

October 14, 2021
Asia & PacificAustraliaBusiness & EconomyChinaChina Business & EconomyCompaniesDollarEconomieseconomyEuropeinflationInternationalInvestmentLocal NewsMarket WatchMarketsMiddle EastNew YorkRegional-Local NewsstocksTexasUKUSUS NewsWorld
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LONDON—World markets stayed focused on rising inflation on Thursday as tech stocks rebooted global equities, oil and gas prices fired up again but the dollar and benchmark government bond yields both stalled. Record high Chinese factory gate inflation data overnight following stronger-than-expected U.S. CPI figures on Wednesday meant the price pressure theme was very much…

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S&P 500, Nasdaq Rise With Growth Stocks; JPMorgan a Drag

October 14, 2021
Business & EconomyCompaniesEconomieseconomygrowthInvestmentJPMorganLocal NewsMarket WatchMarketsMedia & Big TechNASDAQNew YorkNY NewsRegional-Local NewsrisestocksUSUS News
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NEW YORK—The S&P 500 and Nasdaq ended higher on Wednesday, led by gains in shares of big growth names like Amazon.com and Microsoft, but JPMorgan shares fell along with other bank shares and weighed on the market. The S&P 500 briefly added to gains following the release of minutes from the September Federal Reserve policy…

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Tech Stocks Lift Nasdaq, Banks Weigh on S&P 500, Dow

October 13, 2021
Business & EconomyCompaniesDowEconomieseconomyinflationInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNASDAQNew YorkNY NewsRegional-Local NewsstocksTechUSUS News
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The Nasdaq rose on Wednesday as technology stocks returned as market favorites amid concerns about rising inflation, while banking stocks slipped despite strong quarterly results from JPMorgan. Technology and communication services were among the few gainers among the 11 major S&P sectors. Mega-caps growth names including Facebook Inc., Amazon.com Inc., Google-parent Alphabet Microsoft Corp., and…

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Futures Rise Ahead of JPMorgan Results, Inflation Data

October 13, 2021
Business & EconomyCompaniesdataEconomieseconomyfuturesinflationInvestmentJPMorganLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsUSUS News
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U.S. stock index futures edged higher on Wednesday ahead of quarterly results from JPMorgan which will kick off the corporate earnings season, with investors awaiting inflation data for clues on the future path of monetary policy. Mega-caps growth names including Facebook Inc., Amazon.com Inc., Google-parent Alphabet Microsoft Corp., and Tesla rose more than 0.5 percent…

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