Market Overview - Page 152

China’s move to cut the amount of funds banks need to hold in reserve could boost market sentiment — and that could be good news for stocks in certain sectors, according to investment bank UBS. The People’s Bank of China.

The S&P 500 inched up to a new high on Monday as investors waited for the second-quarter earnings season to kick off this week. The broad index added 0.27% and hit an intraday record Monday morning. The Nasdaq Composite traded.

Last week was quite unsettling for financial markets, but investor optimism is high at the beginning of the new week. US stocks closed mostly higher last Friday, and Asian indices rallied for relief in Monday’s session. The reasons for investor.

U.S. Treasury Secretary Janet Yellen will press European Union officials in Brussels this week to reconsider their plan to propose a digital levy after securing the Group of Twenty’s endorsement for the principles of a global corporate-tax agreement. Yellen is.

European Central Bank President Christine Lagarde told investors to prepare for new guidance on monetary stimulus in 10 days, and signaled that fresh measures might be brought in next year to support the euro-area economy after the current emergency bond.

Stock futures were slightly lower in early morning trading on Monday as earnings season kicks off on Wall Street this week. Futures on the Dow Jones Industrial Average fell 59 points. S&P 500 futures and Nasdaq 100 futures both traded.

Stocks in Asia-Pacific rose in Monday trade, with shares in Japan and China leading gains regionally. Japan’s Nikkei 225 surged 2.26% in afternoon trade while the Topix index jumped 2.09%. South Korea’s Kospi also advanced 0.98%. Mainland Chinese stocks rose,.

The European Union is due to propose an unprecedented overhaul to its carbon market this week, seeking to put a price on shipping emissions for the first time. And the region’s shipowners are deeply concerned. The European Commission, the EU’s.

Sir Richard Branson, after nearly 17 years of development and over a billion of dollars invested in Virgin Galactic, achieved his dream and reached space. Speaking from the spacecraft’s cabin, Branson called the spaceflight the “complete experience of a lifetime.”.

U.S. equity futures steadied on Friday and stocks in Europe rose in a broad-based rebound, while Treasuries halted an eight-day rally fueled by concerns about global growth amid the spread of Covid-19 variants. The Stoxx Europe 600 index advanced, with.

A set of statistics for Britain released earlier in the day reinforced fears that the peak of the recovery is over. Monthly estimates marked GDP growth for May at 0.8%, almost twice as weak as the average forecast of 1.5%..

The Biden administration is set as early as Friday to add more than 10 Chinese companies to its economic blacklist over alleged human rights abuses and high-tech surveillance in Xinjiang, two sources told Reuters. The U.S. Commerce Department action will.