Category: Latest News
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Oil Edges Lower
Oil prices edged lower with trading muted through the festive period. Major shipping firms including Maersk and MSC are returning to shipping routes through the Red Sea, despite the ongoing fighting in the Middle East. Prices climbed on Tuesday over worries that exports through the region would be constrained by the hostilities.
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S&P 500 Hovers Near Record as Interest Rate Optimism Holds Sway
Stock futures were little changed on Wednesday, indicating the S&P 500 will open a fraction shy of a fresh record amid lingering optimism that borrowing costs will fall in 2024. “Aside from the customary Santa seasonality, any gains witnessed for the remainder of this week may be attributed to the notable increase in the probability…
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Wall Street Highlights: Apple Appeals Watch Ban, Tesla to Launch Updated Model Y, and More
U.S. index futures remained firm and stable in the pre-market on Wednesday, as investors closely watched the progress of the S&P 500 index, which is moving towards hitting record milestones. At 05:49 AM, the Dow Jones futures (DOWI:DJI) fell 2 points, or 0.01%. The S&P 500 futures fell 0.03% and the Nasdaq-100 futures retreated 0.01%.…
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Global shares climb, tracking advance on Wall Street
Global stock markets saw an uptick on Wednesday, with investors drawing inspiration from Wall Street’s gains as U.S. markets resumed trading post-holiday, anticipating a tranquil week with shortened trading sessions. The future contracts for major U.S. indices showed mixed movements. The S&P 500’s future contract witnessed a marginal increase of less than 0.1%, while the…
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Iron Ore Rises On Upbeat Chinese Industrial Data, Demand Hopes
Iron ore futures on the Dalian Commodity Exchange in China saw a rise for the second consecutive session on Wednesday, December 27. This increase is attributed to strong industrial data and expectations of economic stimulus, coupled with robust demand from China. The most-traded iron ore contract for May on the Dalian Exchange rose by 0.5%…
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US Futures, European Stocks Mostly Flat
U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average decreased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.1% in morning trading. Orpea rose 5.9% and Samhaellsbyggnadsbolaget added 5.5%. On the other hand, Carnival dropped 4.3%,…
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Top Company News of the Day: SoftBank, NIO, Boart Longyear, Apple
SoftBank Shares Hit Over Two-Month High on T-Mobile Stock Gains SoftBank Group’s shares rose on potential investment gains the conglomerate could record as it receives additional shares of T-Mobile US. NIO Shares Jump on Launch of New Flagship EV NIO’s Hong Kong-listed shares rose sharply after the Chinese electric-vehicle maker launched a new model amid…
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U.S. Stocks Move Mostly Higher To Kick Off Final Week Of 2023
Stocks moved mostly higher during trading on Tuesday, with the major averages all moving to the upside after ending last Friday’s session narrowly mixed. The advance on the day represents a positive start to the final trading week of 2023. The major averages pulled back off their best levels going into the close but remained…
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Oil Futures Surge Over 2% Following Announcement of Resumption of Maritime Traffic in the Middle East Region
The lack of disruptions in oil supply is offsetting the support for current prices due to geopolitical tensions in the Middle East, said UBS analyst Giovanni Staunovo, adding that trading was weak and within a narrow range, typical of holiday periods. Danish shipping company Maersk is preparing to resume maritime operations in the Red Sea…
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Chicago Fed: Economy Picked Up Pace in November
U.S. economic growth picked up pace in November as production improved, data from the Federal Reserve Bank of Chicago showed Tuesday. The Chicago Fed National Activity Index rose to 0.03 in November, improving from a revised minus 0.66 in October, with the majority of indicators marking improvement. The reading below zero suggests economic activity is…