Stocks managed to finish higher, last week, and bring an unusual summer to an end in a positive note. The S&P 500 had its best August in 34 years, as the index is up almost 57% from its March 23rd low. The U.S. Federal Reserve set a new policy framework with its dovish tone; here …
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Last week, major global stocks finished lower with the exception of the S&P 500 and SMI. The S&P 500 edged up and passed its pre-pandemic record high, thanks to technology stocks hitting new record highs. Global economic data and corporate earnings signaled a recovery, albeit mixed. U.S. and European Markit PMI series, for both manufacturing …
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Last week, global stocks gained although they faced some reality checks. European stocks declined due to fresh U.K. travel restrictions as virus cases rose, and U.S. stocks pulled back from their record highs amid disagreements on the new stimulus package and postponing the U.S.-China trade talk over the weekend. However, European equities beat U.S. peers …
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Last week, major global indices advanced with better than expected economic data and improved trends in coronavirus cases. The U.S. economy added 1.76 million jobs in July, beating estimates and showing positive developments of the labour market and economic recovery. However, the unemployment rate is at 10.6%, the level that had been reached in the …
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Last week, global GDPs from U.S. to Europe were released, posting the sharpest quarterly downturn on record, driven by shutdown policies to combat the pandemic. On the bright side, the negative GDPs mostly were better than estimated. The three big U.S. tech companies, i.e. Amazon, Apple and Facebook, released their results which were significantly better …
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