da-kuk/E+ via Getty Images London (UKX) +0.56% with parliamentary election in focus. Investors will be closely watching how the Labour Party can gather a majority vote, to replace the Conservatives after 14 years. Germany (DAX:IND) +0.23% Germany June construction PMI 39.7 vs 38.5 prior; Germany May industrial orders -1.6% vsContinue Reading
Asia-Pacific Images Studio Asia-Pacific equity markets mostly advance on Thursday as market participants assessed business activity data in Hong Kong and trade figures in Australia, which both missed expectations; and taking cues from a strong lead on Wall Street. Japan (NKY:IND) +0.89%. The Nikkei 225 Index rose 0.3% to aroundContinue Reading
Wall Street’s benchmark S&P 500 (SP500) gauge on Wednesday scaled a new intraday all-time high, after fresh economic data supported a scenario where the Federal Reserve would be able to start easing monetary policy. Traders will see a truncated session ahead of the Independence Day holiday, with equity and bondContinue Reading
LewisTsePuiLung JPMorgan Chase’s (NYSE:JPM) chief global markets strategist Marko Kolanovic is planning to leave the bank, Bloomberg News reported on Wednesday, citing an internal memo it obtained. Kolanovic is perhaps infamously known for his conflicting stock-market calls over the past two years which have differed significantly from Wall Street’s actualContinue Reading
da-kuk/E+ via Getty Images London (UKX) +0.39% Germany (DAX:IND) +0.47% Germany Composite PMI was revised slightly lower to 50.4 in June. France (CAC:IND) +0.85% France Services PMI rose to 49.6 in June. Government budget deficit widened to €113.50B in January to May 2024 from €107.22B last year. Spain Services PMIContinue Reading
chachamal Asia-Pacific equity markets mostly rose on Wednesday, tracking gains on Wall Street overnight, as major US technology stocks pushed the S&P 500 and Nasdaq Composite to new record closes. Japan (NKY:IND) +1.26%. Japan’s PMI was revised lower to 49.4 in June from preliminary data. China (SHCOMP) -0.49%. A privateContinue Reading
U.S. stocks on Tuesday struggled for traction, as market participants digested some conflicting signals. Strong labor market data countered dovish comments on inflation from Federal Reserve chair Jerome Powell. Wall Street’s three major averages have seesawed in the second trading session of H2 2024. The tech-heavy Nasdaq Composite (COMP:IND) wasContinue Reading
Justin Sullivan/Getty Images News Robinhood Markets (NASDAQ:HOOD) is looking to offer cryptocurrency futures in the U.S. and Europe this year, a Bloomberg report stated, citing people familiar with the firm. “We have no imminent plans to launch these offerings,” a spokesperson of the firm said. The company is looking toContinue Reading
da-kuk/E+ via Getty Images London (UKX) -0.70% Germany (DAX:IND) -0.79% France (CAC:IND) -1.06% wiping previous session gains. The number of people registering as jobless in Spain decreased by 46,783, or 1.8%, over a month in June 2024. The annual inflation rate in Austria is expected to ease to 3% inContinue Reading
Asia-Pacific Images Studio Asia-Pacific equity markets were mostly higher on Tuesday after the major market averages finished the first trading day of H2 higher; minutes of the RBA’s June policy meeting revealed that if “inflation expectations” change, it is ready to raise rates. Japan (NKY:IND) +1.12%. The Japanese yen depreciatedContinue Reading
