After showing a lack of direction earlier in the session, stocks showed a substantial move to the upside in afternoon trading on Thursday. The major averages all moved sharply higher, rebounding from yesterday's weakness. The major averages pulled back off their highs going into the end of the day but still posted strong gains.
Brent crude futures for August delivery were down 0.8 percent at $92.32 a barrel, reversing gains from earlier in the session after the U.S. military said that it had 'completed' its latest round of airstrikes targeting Iran. WTI crude futures fell half a percent to $89.54. Initial cues from the U.S....
Sentiment in global markets remains broadly positive as markets reacted to the escalation in hostilities between the U.S. and Iran, as well as the announcements by the U.S. of an end to its attacks on Iran.
European stocks edged higher on Thursday as investors kept a close eye on escalating Middle East tensions and awaited the European Central Bank's (ECB) rate decision for direction. To address rising inflationary pressures, the ECB is likely to raise its deposit facility rate by 25 bps to 2.25 percent...
After showing a strong move to the upside early in the session, stocks have given back ground over the course of the trading day on Thursday. The major averages have pulled back well off their highs of the session, with the Nasdaq and S&P 500 briefly dipping below the unchanged line. Currently, the major averages are all in positive territory.
After moving sharply lower over the course of the previous session, stocks may move back to the upside in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.4 percent. Bargain hunting may contribute to early...
Reversing yesterday's surge, crude oil prices have plunged on Thursday after U.S. President Donald Trump recalled his earlier orders to attack Iran hard.
Extending the losses from yesterday's session, gold prices have moved lower on Thursday as the U.S. prepares to hit Iran hard, raising concerns of an expansive war in the Middle East for an extended period. Due to escalation concerns, the U.S. Dollar Index advanced close to a two-month high.
The major U.S. Index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside after moving sharply lower over the course of the previous session. Bargain hunting may contribute to early strength on Wall Street following the weakness seen during yesterday’s session, which dragged the Nasdaq and S&P 500 down to their lowest closing levels in a month. Semiconductor stocks may help lead the rebound, as shares of Intel (INTC) surge by 4.6 percent...
Save for a very brief while at the start of the session, the Switzerland stock market stayed positive on Thursday thanks to sustained buying at several frontline counters.
European stocks closed broadly higher on Thursday with investors closely following the news from the Middle East front and reacting to the European Central Bank's rate hike announcement.
Despite lingering concerns about tensions in the Middle East, the UK stock market moved firmly higher Thursday morning, riding on gains in mining and financial sectors.
The French stock market's benchmark index CAC 40 climbed higher on Thursday, recovering from previous session's losses, with investors looking ahead to the European Central Bank's policy announcement due later in the day.
Indian shares ended a choppy session modestly lower on Thursday amid heightened U.S.-Iran tensions and Fed rate hike concerns. The downside remained capped somewhat as oil prices fell in international markets despite the recent escalation of hostilities between the U.S. and Iran. The rupee was...
Reversing yesterday's slide, Canadian stocks surged on Thursday as concerns of Middle East escalation diminished after U.S. President Donald Trump assured of a U.S.-Iran peace agreement soon and cancelled his earlier plans to hit Iran very hard and take control of Iran's Kharg Island.
The Canadian market remains firmly up in positive territory Thursday afternoon, with most of the gains coming over the past half an hour thanks to hectic buying in the consumer discretionary sector, particularly at the Dollarama counter.
Canadian stocks moved mostly lower on Wednesday after U.S. retaliation to Iran's downing of a U.S. helicopter and Iran's counter-attacks, led investors to wind up expectations on an amicable U.S.-Iran peace deal and an early reopening of the Strait of Hormuz.
After opening notably lower and edging further down, the Canadian market recovered and moved closer to the unchanged line Wednesday morning thanks to gains in the energy sector and several stocks from financials and technology sectors finding support at lower levels.
Indian shares are likely to open on a cautious note on Thursday as concerns mounted about a re-escalation of the Middle East conflict and a stronger U.S. inflation print reinforced expectations that borrowing costs would remain higher for longer. Amid shifting rate hike expectations, traders began...
Gold prices rebounded on Thursday after falling to a six-month low earlier amid heightened U.S.-Iran tensions and Fed rate hike concerns. Spot gold was up 0.6 percent at $4,095.45 an ounce after reaching a six-month low at $4,024 an ounce earlier. However, U.S. gold futures were down half a percent...
Oil prices traded lower on Thursday, giving up earlier gains on hopes that U.S.-Iran peace negotiations could resume. Brent crude futures for August delivery were down 0.8 percent at $92.32 a barrel, reversing gains from earlier in the session after the U.S. military said that it had 'completed' its...
After seeing modest strength for much of the session, treasuries rallied in the latter part of the trading day on Thursday. Bond prices surged to upside in early afternoon trading before ending the day sharply higher. As a result, the yield on the benchmark ten-year note, which moves opposite of its...
The Treasury Department finished off this week's series of announcements of the results of its long-term securities auctions on Thursday, revealing this month's auction of $22 billion worth of thirty-year bonds attracted below average demand. The thirty-year bond auction drew a high yield of 5.020...
After showing a lack of direction for much of the morning, treasuries came under pressure in afternoon trading on Wednesday. Bond prices climbed well off their worst levels going into the close but still ended the day modestly lower. Subsequently, the yield on the benchmark ten-year note, which moves...
The Treasury Department continued this week's series of announcements of the results of its long-term securities auctions on Wednesday, revealing this month's sale of $39 billion worth of ten-year notes attracted above average demand. The ten-year note auction drew a high yield of 4.538 percent and...
The U.S. Dollar value edged lower as market sentiments received a boost and crude oil prices tumbled after U.S. President Donald Trump confirmed a deal with Iran soon and recalled his earlier planned hard strikes on the nation and taking over their Kharg Island.