Economic news

European stock markets had an upbeat trading performance on Thursday as investors responded to solid corporate earnings turn out. Germany’s DAX gained 0.5%; the CAC 40 in France added 0.5%; U.K.’s FTSE index jumped 0.6%; and Italy’s FTSE MIB increased 0.2%. On the corporate side, Bayer stock inched up 5% after the German company sealed […]

Shares of Qualcomm Inc dropped 7.6% during their after-hours trade on Wednesday. The decline was mainly from the company’s struggling sales growth as restrictions seen in semiconductor supply heavily dragged the sector. For the fiscal first quarter ended Dec. 27, the company’s sales reached $8.24 billion, with its adjusted profit advancing $2.17 per share. While […]

Asian share markets recorded a subdued performance on Wednesday as tight liquidity conditions in China temporarily restricted buying. However, upbeat corporate earnings, stimulus-driven expectations, and easing retail-related disturbances greatly supported investors’ risk appetite. MSCI’s broadest index of Asia-Pacific shares outside Japan tallied a 0.2% decline, while Japan’s Nikkei plunged 0.4%. Both indexes reversed courses after […]

Oil prices climbed in Asian trade on Wednesday after reaching their highest levels in nearly a year in the last session. Prices were boosted by a surprise decline in U.S. crude stocks and an OPEC+ estimate of a global oil market deficit this year.  U.S. West Texas Intermediate crude futures rose 0.4%, or 24 cents, […]

Following Asian market’s rally driven by a faster global economic recovery outlook, European shares followed suit and gained on Wednesday trade. Germany’s DAX index added 0.8%, while the STOXX 600 index climbed 0.9%. Siemens improved 1.8% as the German engineering firm increased its 2021 outlook after posting more-than-expected first-quarter figures on a faster track to […]

U.S. stock futures and Asian shares prospered on Wednesday as governments around the world prepare to boost spending to lift economies and continue to recover from the coronavirus crisis. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.58%. Australian stocks added 0.92% while shares in China declined 0.03%. Japan’s Nikkei improved 0.9% and Korean […]

January had seen Japan’s services sector contract at its fastest pace in five months. The decline could be attributed to the country’s virus-beaten demand and nationwide emergency measures that, in turn, dragged new business orders. The final au Jibun Bank Japan Services Purchasing Managers’ Index (PMI) rendered a seasonally adjusted 46.1 reading. The weak figure […]

Asian share markets and U.S. stock futures performed positively on Wednesday. The series of gains followed after coronavirus vaccine programs accelerated, and governments across the globe planned on ramping up spending in a bid to salvage their virus-battered economies. MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.51% increase, while Australian shares jumped […]

GameStop shares plummeted on Tuesday and a silver buying spree led by small investors was halted as retail-driven mania showed signs of easing off. GameStop shares in Frankfurt tumbled 30% from Monday’s close at 143 euros ($172.72) in early trade on Tuesday, following a $225 level in U.S. markets. It dropped 23% to $173 in […]

With an aim to develop new consumer services and modernize internal operations, Ford Motor and Google are working on a six-year partnership as the automaker seeks software, artificial intelligence, and cloud computing from Alphabet Inc. Ford is planning to integrate the tech giant’s Android operating system into its Ford and Lincoln vehicles starting in 2023. […]