Market Overview - Page 152

The pan-European Stoxx 600 provisionally closed down by 0.8% on Wednesday, with autos shares sinking 1.9% to lead the losses. The benchmark was still up over 13% year-to-date, however. European investors reacted to a host of economic data on Wednesday..

Elon Musk on Tuesday said SpaceX’s satellite internet network Starlink “recently” passed near 70,000 active users and expects fast-paced growth in the year ahead. “We are on our way to having a few hundred thousand users, possibly over 500,000 users.

U.S. consumer confidence jumped to its highest level in nearly 1-1/2 years in June as growing labor market optimism amid a reopening economy offset concerns about higher inflation. The survey from the Conference Board on Tuesday also showed a healthy.

European Central Bank member Jens Weidmann has said the massive coronavirus stimulus program should be scaled back “step-by-step,” but others are worried about a premature lifting of the measures. It is the big question on the ECB’s table: when to.

The S&P 500 notched another record high on Tuesday amid bullish economic data, but overall gains for the stock market were muted as Wall Street continued its recent period of low volatility. The broad market index ticked up about 0.1%.

The US lags behind China and Europe when it comes to production and uptake of electric vehicles domestically, according to a new study by the International Council on Clean Transportation — and that gap widened from 2017 to 2020. Since.

Stocks were mixed and U.S. futures fluctuated on Tuesday amid concerns a more infectious Covid-19 strain will derail the economic recovery. Treasuries and the dollar steadied after gains. The Stoxx Europe 600 Index opened 0.4% higher, though new limits on.

Shares in Asia-Pacific fell in Tuesday trade despite gains overnight on Wall Street as the S&P 500 and Nasdaq Composite closed at record highs. Mainland Chinese stocks were down by the afternoon. The Shanghai composite edged 0.95% lower, while the.

Major companies from across a range of sectors are increasingly concerned about the cost and availability of the world’s ultimate renewable resource: water. The availability and relatively low cost of water does not tend to capture much attention until it.

China’s debt has grown dramatically over the past decade and is one of the biggest economic challenges confronting the ruling Chinese Communist Party, which turns 100 this week. Beijing identified the ballooning debt pile as a potential threat to economic.

As the S&P 500 notches record highs despite the backdrop of potential monetary tightening and the new delta Covid-19 variant, veteran investor David Roche says investors should be wary of the bubble bursting. The flagship U.S. stock index on Friday.

On Tuesday morning, oil began to decline amid the rapidly spreading Delta virus, which darkened the outlook for fuel demand. Investors are looking forward to a meeting of the OPEC+ later this week. Brent futures fell 0.38% to $73.86, while.