A growing number of prominent Wall Street institutions are making the prediction that 2020 will be the year for Europe’s stock market to overshadow its American counterpart as the coronavirus takes divergent paths across the two economic powers. Despite the United States struggling to curb the deadly COVID-19 disease, the …
Read More »Increase nearly 400 points after strong job report despite record rise in new daily coronavirus cases
US stocks rose on Thursday as investors digested a stronger-than-expected monthly employment report amid a growing number of new cases of coronavirus. The US financial markets will be closed on Friday and the bond market will close an hour earlier at 2 pm ET on Thursday, and the Independence Day …
Read More »European stocks and US futures rise above long-awaited jobs data
European stocks and US futures rose early on Thursday as investors anticipated encouraging job data and held on to hopes of a vaccine. Pan-European Stoxx 600 SXXP, + 1.09% It increased 1.3%, following strong gains in Asian markets overnight. The German DAX DAX, + 1.76% The French CAC PX1 rose …
Read More »Asian markets rise in hopes of vaccines, signs of improving global economy
Asian stock markets followed Wall Street higher on Thursday, as hopes of developing a coronavirus vaccine competed with concern over rising infections in the US. The Shanghai SHCOMP Composite Index, + 2.13% increased 0.7% and the Nikkei 225 NIK, + 0.11% in Tokyo added 0.6%. The Hang Seng HSI, + …
Read More »Why stock market strategists have never been more confused in June about year-end prospects for stocks
It has been the best and worst time for US equities benchmarks in the past two quarters, and that is perhaps the reason why Wall Street analysts face their most perplexing challenge yet. The Dow Jones Industrial Average DJIA, + 0.84% and the S&P 500 SPX, + 1.54% According to …
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