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Wall Street tumbles at close as Fed call looms
Stock exchanges on Wall Street closed Tuesday’s trading session with significant losses as investors braced for the Federal Reserve’s interest rate decision which will announced tomorrow. The negative sentiment was fueled by data that showed that consumer sentiment in the United States fell to its lowest level since July 2022, seemingly raising concern about the country’s economic stability with […]
Annual UK house prices up 0.6% in April
Annual house prices in the United Kingdom increased 0.6% in April, according to the Nationwide House Price Index released on Wednesday. The annual growth was lower than the 1.6% reported in March. Month on month, the index declined by 0.4%, while the average house price in the country in April stood at £261,962, up from […]
Asia trades higher, Nikkei hits 35,000 mark first time since 1990
Major stock indexes in the Asia-Pacific region traded higher on Thursday tracking Wall Street’s previous gains, with Hang Seng skyrocketing 2% and Nikkei 225 hitting the 35,000 mark for the first time since 1990, as investors awaited the latest inflation report from the world’s biggest economy, the United States. Meanwhile, earlier this week, it was reported […]
Asian markets trade mostly higher following Tokyo inflation report
The stock markets in Asia-Pacific traded mostly higher following the recent Tokyo December inflation report, which showed the inflation rate slowing to 2.4% from 2.6% of the previous year. Australia’s S&P/ASX 200 lost 0.69% at 2:56 am CET, and South Korea’s Kospi Composite was up by 0.26% a minute later. Hong Kong’s Hang Seng gained 0.72% […]
Europe opens higher with eyes on ECB
European markets opened higher for Thursday’s operations as attention is focused on comments from global authorities such as the European Central Bank and international organizations like the World Economic Forum on global issues that may shed more light to investors on the directions in which they are aiming their stakes. At the opening, the DAX gained 0.51% […]
Amazon reveals Matter Casting
Amazon.com Inc. announced on Tuesday that a new casting tool called Matter Casting which will allow users to project content to its Amazon Fire TV and Amazon Echo Show devices from “supported streaming applications” in iOS and Android operative systems. As part of the announcement done during the Consumer Electronics Show (CES) in Las Vegas, […]
Oil extends gains, WTI up 2.7%
The prices of oil futures continued to add gains on Tuesday as the crisis in the Middle East pressed on, raising worries on the supply side. Meanwhile, Russia went ahead with promised crude output slashes in December, with individuals familiar with data from the country’s Energy Ministry telling Bloomberg that the average daily crude production was at 1.306 million […]
Google unveils new TikTok, Samsung collabs
Alphabet Inc.’s Google LLC announced on Tuesday collaborations with ByteDance Ltd.’s TikTok and Samsung Electronics Co. Ltd. at Consumer Electronics Show (CES) 2024. From today onwards, users have the capability to project TikTok content from their mobile devices onto Chromecast built-in devices and in the near future, they will be able to stream LIVE videos […]
US oil inventories reportedly down by 5.21M barrels
Crude oil inventories in the United States fell by 5.21 million barrels in the week that ended January 5, private data from the American Petroleum Institute (API) allegedly showed on Tuesday. Meanwhile, reserves in Cushing, Oklahoma, allegedly declined by 625,000 barrels. Gasoline stockpiles increased by 4.89 million barrels, while distillate inventories rose by 6.87 million […]
Europe opens mixed after World Bank’s prediction
Major stock market indexes in Europe opened mixed on Wednesday as investors’ optimism somewhat faded after the World Bank Group said the global economy was on the route to its worst half-decade of growth in the last 30 years. Additionally, the Eurozone reported a slight decline in its unemployment rate in November. The DAX grew by 0.10% as Vonovia […]
