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.
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...
Asian shares ended mixed on Thursday after steep losses on Wall Street overnight. Middle East tensions and rate hike expectations kept investors on edge, but overall losses were limited after the U.S. military said that it had "completed" its latest round of airstrikes targeting Iran. The dollar held...
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...
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....
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...
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...
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.
German stocks turned in a mixed performance Thursday morning with investors following news from the Middle East and looking ahead to the European Central Bank's monetary policy announcement, due later in the day.
After staying fairly well above the flat line till about an hour past noon, the Switzerland market briefly fell into negative territory on Wednesday but recovered swiftly and held firm to eventually end the day's session on a strong note.
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...
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.
Canadian stocks are likely to open on a negative note on Wednesday amid rising tensions in the Middle East following fresh attacks by Iran and U.S. forces. Investors will also be reacting to the Bank of Canada's monetary policy announcement, due shortly after the opening bell.
Canadian stocks ticked lower on Tuesday after a slump in the oil-linked energy sector and a plunge in the gold-linked materials sectors pulled down the market, while investors received U.S. President Donald Trump's assurances on early reopening of the Strait of Hormuz with cautious optimism.
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...
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...
Reversing yesterday's plunge, crude oil prices surged on Wednesday amid concerns about the gulf conflict intensifying further after the U.S. and Iran recommenced attacks. The Strait of Hormuz continues to remain closed, keeping supply disruption concerns alive.
Extending losses from yesterday, gold prices have plunged on Wednesday after a fresh skirmish broke out in the gulf between the U.S. and Iran, diminishing expectations of an early reopening of the Strait of Hormuz and a quicker end to the Middle East war.
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...
Kicking off this week's series of announcements of the results of its long-term securities auctions, the Treasury Department on Tuesday revealed this month's auction of $58 billion worth of three-year notes attracted average demand. The three-year note auction drew a high yield of 4.192 percent and...
Treasuries moved sharply lower during trading on Friday, more than offsetting the strength seen in the previous session. Bond prices tumbled early in the session and remained firmly negative throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price...
The commodity-linked currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the European session on Thursday, as the crude oil prices dropped giving up earlier gains on hopes that U.S.-Iran peace negotiations could resume. Brent crude futures...