Stocks gain as upbeat wall St earnings lift outlook
Global stocks rose and Treasury yields dipped with major Wall Street benchmarks hitting fresh records. It is buoyed by a robust start to the U.S. corporate earnings season and an improving economic outlook. A large proportion of S&P 500 companies are due to report. This includes technology heavyweights Facebook, Apple Inc, Amazon, Microsoft, and Alphabet. […]
European stocks end flat
European stocks closed flat. This is because of the gains in banks and commodity-linked sectors were offset by losses in industrial stocks on rising bond yields. The pan-European STOXX 600 closed largely unchanged at 472.21 points. This is with concerns over rising inflation and slowing economic growth also weighing on sentiment. Mining and energy stocks rose […]
Traders look to cenbanks for guidance
The dollar has bounced off recent lows and was firm in choppy trade. It is ahead of a handful of data releases and central bank meetings which investors expect to guide the rates outlook. The euro fell 0.3% overnight. There are still expectations that the European Central Bank (ECB) will stay dovish. The euro last bought $1.1598. Other moves […]
BNP beats Q3 expectations
France’s biggest listed lender BNP Paribas posted a better-than-expected third-quarter profit. This is on lower provisions for pandemic-related loan losses. BNP Paribas thrived on the economic rebound. This is to release cash set aside for pandemic losses. BNP Paribas reported a 32.2% rise in net income from a year ago to 2.50 billion euros. This […]