Wall Street opens at record high as trade optimism persists
Businessam Staff
December 20, 2019
US stock indexes opened at record highs on Friday amid optimism over a further winding down in Sino-US trade tensions, starting with an interim deal due to be inked in January. The Dow Jones Industrial Average .DJI rose 231.68 points, or 0.82%, at the open to 28,608.64. The S&P 500 .SPX opened higher by 17.96 […]
Wall Street edges higher after jobless data; markets shrug off impeachment
US stocks opened slightly higher on Thursday as data showed a dip in weekly jobless claims, while investors looked past the impeachment of President Donald Trump, who is unlikely to be removed from office. The Dow Jones Industrial Average .DJI rose 39.03 points, or 0.14%, at the open to 28,278.31. The S&P 500 .SPX opened […]
European shares dragged down by Tullow Oil and weak China export data
Businessam StaffDecember 9, 2019
European stocks slipped on Monday, dragged down by a slump in shares of Tullow Oil after its chief executive stepped down and the oil and gas explorer scrapped its dividend, while weak data out of China also weighed on sentiment. Shares in Tullow which continues to face issues at its main producing assets in Ghana, […]
Wall Street dips after US law on Hong Kong revives trade worries
Businessam StaffNovember 29, 2019
US stocks dipped on Friday as trade tensions resurfaced after China warned it would retaliate against President Donald Trump’s decision to ratify a bill backing protesters in Hong Kong. China’s counter measures could include barring drafters of the legislation from mainland China, Hong Kong and Macau, the editor of China’s state-backed Global Times tabloid said […]
Wall Street edges lower after conflicting trade signals
Businessam StaffNovember 21, 2019
The three major US indexes fell on Thursday after conflicting headlines on US-China trade relations and a row between the world’s top two economies over the Hong Kong protest led to uncertainty over the timing of a deal to end the dispute. All three indexes had opened flat after a report that the United States […]
Equities sustain uptrend with N18bn gain
Businessam StaffNovember 21, 2019
By Omobayo Azeez Indicators of the Nigerian equities market maintained northward movement at the close of midweek trading session on Wednesday as investors recouped N18 billion gain. The Nigerian Stock Exchange All Share Index (NSEASI) inched up by 0.14 per cent as it gained 43.71 points to close at 6,779.15 basis points, thereby moderating year-to-date […]
US-China trade optimism, earnings power Wall Street to another record high
Businessam StaffNovember 15, 2019
Wall Street’s main indexes hit fresh record highs on Friday, as optimism related to US-China trade talks and solid earnings from semiconductor industry bellwether Applied Materials brightened sentiment. Shares in Applied Materials Inc jumped 9.29% and pushed the Philadelphia Semiconductor index .SOX to an all-time high after the chip gear maker forecast first-quarter results above […]
S&P 500, Dow Jones stable as Cisco losses offset Walmart gains
Businessam StaffNovember 14, 2019
The S&P 500 and the Dow Jones Industrial Average were unchanged on Thursday, but still hovered near record levels as a dour forecast from Cisco offset gains in Walmart after its strong outlook. Cisco Systems Inc fell 7.6% after the network gear maker said current-quarter revenue would drop 3% to 5% amid declining global spending […]
Bond markets seek enlightenment from Trump on trade policy
Businessam StaffNovember 12, 2019
World shares inched higher on Tuesday as investors awaited a speech by President Donald Trump on U.S. trade policy and on news he was likely to delay a decision on European auto tariffs. Bond markets also seemed increasingly confident a recession will be avoided as EU officials said Trump was expected to announce this week […]
Euro gains as dollar weakens on questions about more Fed rate cuts
Businessam StaffOctober 31, 2019
The euro gained on Thursday as the dollar weakened after the Federal Reserve on Wednesday cut interest rates for the third time this year and left open the question of whether it would cut them further. The dollar was falling against most currencies, particularly the Chinese offshore yuan, which rose to an 11-week high. The […]