The holiday weekend has done nothing to stem the positive momentum in US stocks. Strong US employment data boosted investors on Thursday and futures are higher early Monday, implying a gain of 350 points for the DIA Jones Industrial Average DJIA, + 0.35% out in the open. But coronavirus cases …
Read More »Tesla shares skyrocket to yet another record after street’s most bearish analyst raises target price
Tesla Inc. TSLA Shares, + 7.95% It shot up 6.2% in pre-market trading on Monday, setting it open for another record, as even the most bearish analyst on Wall Street turned slightly less bearish, after delivery data. Better than expected from the electric vehicle maker released last week. The stock …
Read More »Shares in Europe rise on economic optimism
European stocks rose on Monday as signs of economic progress offset concerns about growing cases of coronavirus in the US and India. Up to 2% last week, the Stoxx Europe 600 SXXP, + 1.39% up 1.6%. Shares of HSBC Holdings HSBA listed in London, + 5.31% and STAN standard chartered, …
Read More »Asian markets increase, with positive economic data outweighing fears of coronavirus
Asian stock markets rose on Monday as investors looked for data they hope will support optimism about a global economic recovery. Nikkei 225 NIK from Japan, + 1.82% up 1.4% and the Hong Kong Hang Seng HSI Index, + 4.10% gained 3%. The SHCOMP composed of Shanghai, + 5.71% increased …
Read More »China is unlikely to meet US trade objectives.
WASHINGTON – The economic fallout from the coronavirus pandemic has cast doubt on whether China can meet its goals of buying American goods under this year’s trade deal, with energy emerging as the biggest victim. China has come a long way towards its agricultural and manufacturing targets, but lags far …
Read More »