Author: iHub News
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US Futures, European Stocks Slip
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average decreased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.6% in morning trading. SalMar climbed 3.5% and InPost rose 3.1%. On the other hand,…
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Top Company News of the Day: Siemens, Alstom, SpaceX, Dominion
European Rail Giants Fight for Slice of U.S. High-Speed Train Line Siemens and Alstom are vying to supply trains for a planned Los Angeles to Las Vegas link. Chinese Property Stocks Jump Amid Hopes for More Stimulus Chinese property stocks jumped amid hopes of more property-market stimulus ahead and a state-owned media report saying Beijing…
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U.S. Stocks Close Lower On Growth Worries
U.S. stocks closed lower on Tuesday, after posting some strong gains last week. The major averages all ended in negative territory, although the Nasdaq managed to see a few brief spells above the flat line. The Dow ended with a loss of 195.74 points or 0.56 percent at 34,641.97. The S&P 500 settled lower by…
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Futures Pointing To Modestly Lower Open On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to give back ground after moving sharply higher last week. Concerns about the outlook for the global economy may weigh on Wall Street following the release of disappointing Chinese and European data. Chinese services activity…
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North American Morning Briefing: Chinese Data Sours Mood
Market Wraps Watch For: Factory Orders for July Today’s Top Headlines/Must Reads: – How Slowing Inflation Can Hit Corporate Profits – Utility Stocks Can’t Compete in a World Awash With Yield – China’s Country Garden Makes Overdue Dollar-Bond Payments, Narrowly Avoiding Default Opening Call: Stock futures and Treasury bonds lost some ground on Tuesday after…
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US Futures, European Stocks Slip
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.5% in morning trading. Partners Group Hldg climbed 6.7% and Etablissementen Franz Col rose 4.9%.…
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Top Company News of the Day: Country Garden, Spotify, L’Occitane, Orora, Qantas
China’s Country Garden Makes Overdue Dollar-Bond Payments, Narrowly Avoiding Default The property giant paid $22.5 million in coupons to international bondholders just before the end of a 30-day grace period. Spotify’s $1 Billion Podcast Bet Turns Into a Serial Drama The prospect of podcast riches led to aggressive investments in celebrity deals and original programming…
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Top Company News of the Day: Albemarle, Chinese Developers, Electric Cars, SoftBank
Albemarle Raises Bid for Australia’s Liontown Resources to $4.25 Billion The deal would be one of the largest in the lithium-mining industry. Chinese Developer Stocks Jump on Easing Mortgage Policy Shares of Chinese property developers rose sharply, as more major cities said over the weekend that they would ease mortgage policies in a bid to…
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U.S. Stocks Turn In Lackluster Performance Following Mixed Jobs Data
Stocks moved mostly higher in early trading on Friday but quickly gave back ground and showed a lack of direction over the remainder of the session. The major averages pulled back off their early highs and spent much of the day lingering near the unchanged line. The Dow managed to spend most of the day…
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Unexpected Increase In Unemployment Rate May Lead To Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to see initial strength following the mixed performance seen in the previous session. The futures saw further upside following the release of the Labor Department’s highly anticipated report on employment in the month of August. While…