A general view of the Wopakat refinery in Rotterdam port, Rotterdam-based Petrol, diesel and other major oil and oil companies in the Netherlands, including BP, Gwenner Petroleum, VPR Engineering, ExxonMobil or ExxonMobil, ESSO and ShellW. Dean Mohtoroplos / Getty Images European stocks rallied on Wednesday by oil companies and pharmaceutical …
Read More »Shares fall flat after data on retail sales and consumer confidence
Text size Chinese retail sales fell unexpectedly in July. Getty Images The S&P 500 closed Friday almost unchanged, as investors mixed data weighing on consumer confidence and retail sales against an upcoming trade meeting between Chinese and U.S. officials. While headline U.S. retail sales figures missed forecasts, with a monthly …
Read More »Shares run despite inflation news, Stimulus fear
Text size Getty Images U.S. equities stand despite the lack of progress in efforts to negotiate another stimulus package and further data showing strengthening inflation. Shortly after the open, the Dow Jones Industrial Average averaged 263 points, or 1%, up 27,950. The S&P 500 also advanced 1%, while the Nasdaq …
Read More »European stocks rise as investors juggle technological optimism and economic sadness
European stocks rose on the last trading day of the month, fueled by better-than-expected results and after big gains from top US tech companies. That joy helped investors sideline, for now, the signs of increasing global economic problems due to the pandemic. The Stoxx Europe 600 SXXP Index, + 0.57% …
Read More »European stocks struggle amid rising earnings and as Fed decision approaches
European stocks struggled for profit on Wednesday as investors received a flood of earnings from banks such as Barclays PLC and Deutsche Bank AG, and waited for a Federal Reserve announcement to come later. The Stoxx Europe 600 SXXP Index, + 0.06% It fell 0.3% to 366.94 after gaining 0.4% …
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