Market Overview - Page 141

China is facing pockets of resurgence in major cities from Beijing to Wuhan, and authorities have imposed mass testing and widespread travel restrictions in some areas. Daily Covid-19 cases are rising again as the delta variant spreads across the country..

Chinese companies wanting to go global are running into shipping problems. Access to cheap manufacturing at home gave Chinese businesses an advantage overseas. But it’s turning into a disadvantage now, as the pandemic and trade tensions disrupt international supply channels..

Shares of Robinhood soared Tuesday, pushing the newly public stock trading app well above its IPO price of $38 per share last week. Robinhood went public last Thursday on the Nasdaq under the ticker HOOD, hitting the public markets it.

Economists broadly expect the Bank of England’s Monetary Policy Committee to raise its inflation forecasts on Thursday after two straight months of overshoots. However, investors should not expect a hawkish shift, and economists at several major European banks are expecting.

President Joe Biden held on to his overall approval rating in the latest CNBC All-America Economic Survey but showed weakness in two key areas as the public’s views on the economy and the outlook for the virus soured. In the.

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.