Trading news

Trump rally still alive

US stocks hit record highs three sessions in a row

US stock indices ended at record highs on Monday for third session in a row. The dollar strengthened supported by the boost from President Trump’s announcement of impending tax reforms last week. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, closed 0.25% higher at 100.999. The Dow Jones average rose 0.7% to a record high 20412.16, led by Caterpillar and Goldman Sachs shares. S&P 500 gained 0.5% settling at a record 2328.25, led by financials and industrial stocks up 1.1% and 1% respectively. The Nasdaq composite index closed 0.5% higher at a record 5763.96.

European stocks rise as concerns about Trump’s protectionist stance subside

European markets rallied on Monday with market sentiment boosted by President Trump’s softer foreign-policy stance at recent meetings with prime ministers of Japan and Canada. The euro weakened against the dollar after a failure to reach an agreement in bailout negotiations between Greece’s finance minister and international creditors on Friday. The British Pound strengthened against the dollar ahead of inflation report due today. The Stoxx Europe 600 index rose 0.8% to highest level since 2015. The DAX 30 added 0.9% to close at 11774.43. France’s CAC 40 outperformed gaining 1.2% and UK’s FTSE 100 ended 0.2% higher at 7278.92.

Asian stocks mixed ahead of Yellen’s testimony

Asian stock indexes are mixed today as investors await Yellen’s testimony on monetary policy before the US Congress later today. Nikkei lost 1.1% to 19238.98 as yen strengthened against the dollar and concerns grew Toshiba is in a deeper trouble with its US nuclear subsidiary after the company announced it would delay its earnings release. Chinese stocks are edging higher after positive reports showing consumer and producer prices rose in January in China, alleviating concerns about deflation across the globe. The Shanghai Composite Index is up 0.05% while Hong Kong’s Hang Seng Index are 0.01% lower. Australia’s All Ordinaries Index is 0.03% lower with the Australian dollar edging higher against the dollar on better than expected business confidence sentiment as reported by the National Australia Bank monthly business survey.

Oil prices edge higher

Oil future prices are recovering today after recording the biggest one-day decline in four weeks on Monday. Investors are concerned US crude oil output increases may outweigh output cuts by major producers even as OPEC reported compliance rate of around 90% with the agreed cuts of almost 1.8 million barrels per day (bpd) during the first half of 2017. However as US active oil rig count rises shale oil producers have lifted overall output to 8.98 million bpd, up 6.5% since mid-2016. April Brent crude declined 2% to $55.59 a barrel on London’s ICE Futures exchange on Monday.

IFC Markets Review

Tuesday, 14 Feb, 2017 / 10:12

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Perfect Time to Invest In FAANG Stocks

What happened? Apple, Microsoft, and Google reported their financial results [...]

Posted on Wednesday, 28 Jul, 2021 / 12:31 under

US Q2 GDP: Where Is The Economy Heading?

Tomorrow there is a host of key data coming out ahead of the US session, which [...]

Posted on Wednesday, 28 Jul, 2021 / 12:12 under


Apple’s latest results were driven by stronger-than-expected iPhone [...]

Posted on Wednesday, 28 Jul, 2021 / 10:42 under