Stocks have moved modestly lower in early trading on Monday, giving back some ground after trending higher over the past few weeks. The major averages have all moved to the downside, although selling pressure has remained relatively subdued.
Chinese President Xi Jinping urged the U.S. to exercise restraint regarding the situation in Ukraine in a phone call with President Barack Obama on Sunday. "The situation in Ukraine is extremely complex, and what is most urgent is for all sides to remain calm and exercise restraint to avoid an escalation in tensions," Xi told Obama, according to China's Foreign Ministry.
German biopharmaceutical company CureVac GmbH has won the European Union's first ever innovation inducement prize for progress towards a novel technology to bring life-saving vaccines to people across the planet in safe and affordable ways. The European Commission offered the prize, worth EUR2 million, to encourage inventors to overcome one of the biggest barriers to using vaccines in developing
With disappointing Chinese trade data generating some negative sentiment, stocks are likely to move to the downside in early trading on Monday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 39 points.
Diversified chemicals maker FMC Corp. said Monday that it plans to split the company into two independent publicly listed companies, New FMC and FMC Minerals. The split is expected to be completed in early 2015, with both the companies to be listed on the New York Stock Exchange.
Eurozone investor confidence reached its highest level since April 2011 in March, underpinned by a notable improvement in the current situation assessment, a survey conducted by the think tank Sentix showed on Monday. The composite confidence index rose to 13.9 from 13.3 in February, while economists had forecast it to rise to 14. However, it was the highest score since April 2011.
The trading in the U.S. index futures suggest that the markets may search for direction following their recent run up. The major index futures are pointing to a narrowly mixed opening on Monday. Earlier in the global trading day, weak Chinese trade data weighed down on Asian stocks, with the Chinese market retreating sharply.
European stocks may open slightly subdued on Monday, reflecting declines in Asian stocks and commodities as mounting tensions in Ukraine and concerns about the Chinese credit markets and economic outlook prompted investors to seek shelter in safe-haven assets. The economic calendar for the day is relatively...
Royal DSM N.V. (RDSMY.PK), a life sciences and materials sciences company, Monday announced the appointment of Geraldine Matchett as the company's new chief financial officer, succeeding Rolf-Dieter Schwalb who would step down on December 1.
French conglomerate Bouygues SA (BOUYY) and its mobile service provider Bouygues Telecom on Sunday entered into exclusive talks to sell part of its mobile phone network and a portfolio of frequencies to smaller peer Ilaid SA's Free in a deal valued at up to 1.8 billion euros or $2.5 billion. Free has said that it would be an upfront buyer of a network and frequencies.
After failing to sustain an initial upward move, stocks turned in a lackluster performance over the course of the trading day on Friday. The choppy trading came despite the release of a relatively upbeat monthly employment report. The major averages eventually closed mixed for the third consecutive session.
With the potential economic benefits seen as outweighing the environmental concerns, the results of a new Washington Post-ABC News poll found that a vast majority of Americans support the construction of the Keystone XL oil pipeline. The poll found that 65 percent of Americans think the government should approve construction of the pipeline, while just 22 percent disagree.
Reflecting dissatisfaction with the two major political parties among younger Americans, the results of a new Pew Research Center survey found that half of Millennials now describe themselves as political independents.
After ending the previous session mixed, stocks are turning in another lackluster performance during trading on Friday. The choppy trading on Wall Street comes despite the release of a relatively upbeat monthly jobs report. The major averages are currently on opposite sides of the unchanged line.
U.S. President Barack Obama and his Russian counterpart Vladimir Putin held a one-hour phone call on Thursday but seemed to remain far apart on the issue of Ukraine. During the call, Obama reiterated his assertion that Russia's actions are in violation of Ukraine's sovereignty and territorial integrity.