Market Overview - Page 138

Oil remains under pressure for the second day in a row on the return of demand recovery fears. Brent, for example, lost more than 3% in a couple of hours after the release of a weak US ISM manufacturing index.

Stocks wavered on Tuesday amid fresh concerns about China’s clampdown on private industries and a mixed bag of earnings from some of Europe’s biggest companies. Technology stocks were the biggest losers as the Stoxx Europe 600 index fluctuated at the.

Oil and gas giant BP beat second-quarter earnings expectations on Tuesday, while expanding its dividend and share buyback program. The U.K.-based energy major said it will buy back $1.4 billion of its own shares in the third quarter on the.

Japan will focus on hospitalizing patients who are seriously ill with Covid-19 and those at risk of becoming so while others isolate at home, officials said, amid worries about a strained medical system as cases surge in Olympics host city.

Stock futures rose slightly in early morning trading on Tuesday after worries about slowing growth sparked a Monday sell-off on Wall Street. Futures on the Dow Jones Industrial Average gained 97 points. S&P 500 futures and Nasdaq 100 futures both.

Shares of Tencent and NetEase plunged on Tuesday after Chinese state media branded online gaming “opium” and likened it to a drug. The article also called for further restrictions on the industry in order to prevent addiction and other negative.

The 2021 holiday shopping season could be marred by out-of-stock goods and shipping delays as the recent floods in Europe and China exacerbate already strained global supply chains. Western Europe and China’s Henan province — a key transport hub and.

Euro-area factories are hiring new workers at record pace to keep up with persistently strong orders. Job creation was particularly pronounced in Germany and Austria last month, according to an IHS Markit survey of purchasing managers. Manufacturers continued to face.

The Securities and Exchange Commission said Friday it will require additional disclosures from Chinese companies seeking a listing on U.S. stock exchanges, following Beijing’s intensified crackdown on oversea share issuance. “In light of the recent developments in China and the.

Shares in major Asia-Pacific markets rose on Monday, as data showed Chinese manufacturing activity growth slowed in July. Shares of Afterpay in Australia soared 18.77% on Monday after U.S. fintech firm Square announced it had agreed to buy the buy.

European stocks climbed on Monday along with U.S. index futures as positive corporate earnings and economic data offset lingering concerns over China’s regulatory crackdown and the spread of the delta virus variant. Carmakers and retailers led the advance in the.

China wants to lower its steel production this year, but that could prove difficult. In the first half of 2021, Chinese steel mills have churned out nearly 12% more crude steel compared to the same period in 2020, according to.