In U.S, the stock market was slipping back from record high territory Friday as investor attention turned squarely to the key U.S. jobs report later in the day. A rally in stocks and bonds slowed as global central banks’ resolve to keep monetary policy accommodative was offset by concern over runaway inflation. Futures for the…

Major Wall Street indexes posted solid gains and closed at record highs following the Federal Reserve’s announcement that it will begin trimming its monthly bond purchases in November with plans to end them in 2022. At the close in NYSE, the Dow Jones Industrial Average rose 0.29% to hit a new all time high, while…

In U.S, attention today would be on the FOMC as it is all but certain to announce tapering of its asset purchasing program, with the main questions being timing and pace. The consensus is the Fed will start in November and wrap up by mid-2022, reducing Treasuries by $10 billion a month and MBS by…

US stocks kicked off the month in strong fashion ahead of the Fed meeting on Monday. Buoyed by strong Q3 earnings, the NASDAQ rose 0.63% while the DOW and the S&P rose 0.26% and 0.18% respectively to ink fresh records in each case. The moves were somewhat held back by a slightly lower ISM Manufacturing…

We start this week in a risk on mood, as most Asan stocks rose after the outcome of Japan’s election bolstered expectations for a fiscal stimulus. Japan’s Nikkei rose 2.3% after Prime Minister Fumio Kishida’s Liberal Democratic Party won an unexpectedly comfortable victory. Last week despite high-profile earnings report misses, a central bank surprise decision…

U.S. stock indexes closed higher Thursday after good third quarter earnings reports and signs Democrats in Congress may be close to a budget deal provided support to investors who looked past a disappointing reading on the health of the overall economy in the third quarter. The S&P 500 gained 0.98% to 4596.42. The Dow Jones…

Stocks fell in choppy trading, retreating from records set the previous day. Major indexes started the day higher following a string of upbeat earnings reports. Selling pressure then picked up in the afternoon, with shares of energy and financial companies posting among the steepest losses in the market. The S&P 500 dropped 0.51% to 4551.68.…

U.S. stock indexes closed modestly higher on Tuesday, with the Dow Industrials and S&P 500 hitting fresh records, and gains were subdued as Facebook shares fell in the wake of its quarterly earnings. The Dow Jones Industrial Average rose 15.73 points, or 0.04%, to 35,756.88; the S&P 500 gained 8.31 points, or 0.18%, at 4,574.79;…

US stocks were buoyant on Monday closing at record highs; the DOW and S&P rose 0.18% and 0.47% to notch a fresh set of records. The NASDAQ led gains on the day, up 0.90%, to close within 1% of its record high. Of note was Tesla’s 12.66% gain to top $1 trillion in market value…

Asian shares and US futures edged higher this Monday ahead of a week packed with earnings reports, as investors weigh inflation risks and China’s outlook. Turkish lira slid to a record low amid a diplomatic spat. Global equities are remaining resilient despite risks from price pressures caused by supply-chain disruptions and higher energy costs. This…