Home / Stock Market News

Stock Market News

Global stocks stay subdued as dollar edges higher

A stronger dollar and slightly higher global borrowing costs kept world shares subdued on Friday and left gold limping toward its worst week since December. Europe’s main London, Frankfurt and Paris markets barely budged in early moves, keeping MSCI’s 47- country world index just in the black on the day but facing its third red week in the last four. Modest gains for the dollar meant the euro was set to post its second biggest weekly loss in nearly four months [/FRX], as caution over the Italian election gave bond ...

Read More »

Stocks stay subdued as dollar edges higher

A stronger dollar and slightly higher global borrowing costs kept world shares subdued on Friday and left gold limping toward its worst week since December. Europe’s main London, Frankfurt and Paris markets <0#.INDEXE> barely budged in early moves, keeping MSCI’s 47- country world index <.MIWD00000PUS> just in the black on the day but facing its third red week in the last four. Modest gains for the dollar <.DXY> meant the euro <EUR=> was set to post its second biggest weekly loss in nearly four months [/FRX], as caution over the ...

Read More »

MARKETS SNAPSHOT FOR 22/02/18

NASDAQ-Adv: 1,236 Dec: 1,742 NYSE-Adv: 1,567 Dec: 1,422 (Source: Nasdaq)

Read More »

Dollar higher on Fed minutes; euro unmoved by ECB

The dollar inched up to a 10-day high on Thursday after minutes from the U.S. Federal Reserve’s January meeting showed policymakers confident in rising inflation, while the euro was left unmoved by its own central bank’s policy minutes. European Central Bank policymakers meeting last month felt it was too early to change their communication stance to signal a normalisation of policy, even if confidence was growing that inflation would finally rise back to target, minutes showed on Thursday. Policymakers also felt they must keep a close eye on the euro’s ...

Read More »

Barclays Sees Turnaround Gathering Momentum as Dividend Boosted

While Barclays Plc’s messy 2017 ended on a mixed note, Jes Staley sees better things to come. The lender said it will return its dividend to previous levels, while considering stock buybacks for the first time in more than 20 years, as its capital buffer rose in excess of its target. Revenue from its markets unit, which trades stocks, bonds and currencies, also fell less than expected and that of its Wall Street peers. “We are pleased with the start to the year, and in particular in the markets businesses,” ...

Read More »

Investors Are Scared, And ECB’s Not Even Close to Unwinding QE

The European Central Bank may be a long way away from unwinding its bond-purchase program, but some investors are already worried. Finland’s biggest private-sector pension fund says it won’t touch the bonds that the ECB might need to sell if and when it starts reversing its quantitative easing. Mikko Mursula, the chief investment officer of Ilmarinen Mutual Pension Insurance Co., says unease at the prospect of major central banks ending stimulus is one of the reasons volatility suddenly spiked in the beginning of February. “There’s a lot more investors getting ...

Read More »

Fed points upwards for rates, world stocks lurch downward

World stocks tumbled to one-week lows on Thursday after the U.S. Fed confirmed it was on track to raise interest rates several times this year, sending bond yields to new multi-year highs. While U.S. 10-year yields retreated after nearing the psychologically key 3 percent level, the minutes of the U.S. Federal Reserve’s meeting at the end of January has at least temporarily taken the edge off investors’ appetite for equities and other assets perceived as risky, such as emerging markets and commodities. With Fed policymakers agreeing that “a gradual upward ...

Read More »

The Euro Keeps Hitting a $1.25 Ceiling This Year

Euro bulls are struggling to push the currency above $1.25 this year, just as the $1.20 level proved a blocking point in 2017. The currency has bounced off that ceiling three times in the past month, in a striking similarity to its behavior in the September-October period. It took a combination of optimism over monetary policy and German politics to finally break clear of $1.20 in January. It will take the results of Italian elections and the European Central Bank’s meeting in March to see if it can do the ...

Read More »

Dollar rises as Fed minutes back more U.S. rate increases

The dollar rose to a more than one-week peak on Wednesday, extending its recovery from last week, helped by higher short-term Treasury yields, and as minutes of Federal Reserve’s January meeting showed policymakers confident in the need to keep raising interest rates. The dollar index, which measures the greenback against a basket of six other major currencies, was up 0.37 percent at 90.046, after hitting a high of 90.134 earlier in the session. A more upbeat take on inflation in the minutes of the Jan. 30-31 policy meeting bolstered expectations ...

Read More »

MARKETS SNAPSHOT FOR 21/02/18

NASDAQ-Adv: 1,662 Dec: 1,330 NYSE-Adv: 1,377 Dec: 1,615 (Source: Nasdaq)

Read More »

Fear’s Gone But Greed Hasn’t Materialized in U.S. Stock Options

Warren Buffett once quipped that aspiring investors “should try to be fearfu1 when others are greedy and greedy only when others are fearful.” Tell that to the options market. While the volatility-induced jolt of fear that rattled markets in early February has subsided, options buyers are sitting tight and betting on the status quo, even on the heels of the best week for U.S. equities since 2013. Put options that would pay off in mid-March if the SPDR S&P 500 ETF Trust (ticker SPY) re-eclipses its lowest closing level of ...

Read More »

For Pound Volatility Traders, Brexit Threat Is Near and Dear

As Theresa May’s vision of the post-Brexit world starts to emerge, pound traders are worried more about the currency’s immediate prospects. While the U.K. prime minister wants to stay close to the European Union in some areas and break free in others ahead of a crucial EU summit next month, covering against wild swings in sterling for a month has become dearer than insuring against volatility for a whole year. The difference between the two widened to 145 basis points on Feb. 6 in favor of one-month implied volatility, representing ...

Read More »

Dollar hits one-week high as focus shifts to Fed

The dollar rose to its highest level in a week against a basket of currencies on Wednesday, as investor focus shifted to the minutes of the Federal Reserve’s last policy meeting. World stocks looked set to fall for a third straight day. The dollar index, which measures the greenback against a basket of peers, was up 0.2 percent. The index has bounced almost 1 percent so far this week, after slumping 1.5 percent the previous week to its lowest level in three years [/FRX]. MSCI’s world index of stocks was ...

Read More »

Dollar extends recovery from three-year lows as yields rise

The dollar rose to a six-day high against a basket of major currencies on Tuesday, extending a rebound from a three-year low last week, helped by rising U.S. Treasury yields and as some traders trimmed overstretched bets against the U.S. currency. The dollar index .DXY, which measures the greenback against a basket of six major currencies, was up 0.69 percent at 89.713, on pace for its best one-day gain in nearly two weeks. “I think, right now, what we are seeing is just a little bit of profit-taking (in other ...

Read More »

MARKETS SNAPSHOT FOR 20/02/18

NASDAQ-Adv: 992 Dec: 2,025 NYSE-Adv: 997 Dec: 1,979 (Source: Nasdaq)

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping