Indices news & headlines

FTSE Index is trading around 0.5% higher today in a busy trading session so far. Asos (LON: ASC) stock price tumbled after the company reported slightly lower margins, while shares of Kainos (LON: KNOS) and Synthomer (LON: SYNT) are both 30% up profit expectations.  Asos reports lower margins Asos stock price fell 8% today after the online retailer saw its gross margin plunge to 47.4% from 48.8% in 2019. Other than that, Asos reported mostly...

The US stock market advanced this Friday supported by the fact that optimism over more federal fiscal aid grew. The US President Trump proposed a $1.8 trillion stimulus package that includes checks to individuals and an extension of the Paycheck Protection Program.   S&P 500 and Nasdaq registered their biggest weekly percentage gains since July while the Dow Jones Industrial Average had its biggest weekly gain since August. S&P 500 up 3.8...

DAX Index is trading over 1.7% higher this week to erase losses from the prior month. In the meantime, Germany is calling for the EU to speed up the stimulus package as the number of new infections on the old continent keeps rising.  Fundamental analysis: Recovery funds needed quicker Olaf Scholz, the Finance Minister of Germany said that an increase in new coronavirus cases in Europe is stressing the need to implement the agreed 750 billion euro...

FTSE 100 closed the day 0.69% higher on the improving risk sentiment worldwide after the news emerged that the president Donald Trump has “responded well” to COVID-19 treatment.  Fundamental analysis: The UK could lose up to $174 billion a year due to coronavirus and Brexit A New research found that combined effects of coronavirus and no-deal with the European Union after Brexit could cost the UK up to $174 billion a year in the next decade.&nbsp...

The US stock market weakened this Friday pressured by the news that US President Donald Trump has contracted COVID-19 and data showing a slowdown in recovery in the battered US labor market. The Dow Jones Industrial Average fell almost 0.5% while the Nasdaq Composite dropped 2.2%, capping the week up nearly 1.5%. The Standard & Poor’s 500 weakened about 1% to close out the five-day period 1.5% higher. According to the official release,...

Volatile financial markets have welcomed European traders and investors this morning after the U.S. President Donald Trump and his wife Melania had tested positive for coronavirus and went into quarantine. Trump tests positive  Donald Trump confirmed on Twitter that he and his wife Melania are positive on COVID-19 infection. “We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!,” Trump said. Trump...

Wednesday marks the final trading session of the third quarter highlighted by mind-boggling dramatic gains that few would have imagined, The Wall Street Journal reported. Historic advances Many notable stock indices traded at all-time highs in the third quarter but a rough September ate away at some of the gains. The S&P 500 index closed the quarter higher by 8.5% while the Dow Jones Industrial Average gained 7.6% over the same time period. C...

After logging the lowest levels recorded since 2003, the Spanish benchmark index IBEX35 recovered nearly 40% of losses in June. However, the rebound has proved to be unsustainable so far, with IBEX35 rotating lower again on slower-than-planned recovery.  Fundamental analysis: Slower recovery EU-harmonised consumer prices in Spain slipped by 0.6% year-over-year in September, according to flash data provided by the National Statistics Institut...

The S&P 500 index is down more than 6% from its record high in September but a handful of notable names have performed much worse. Should investors be buyers of the weakness? These two pros discuss on CNBC’s “Trading Nation.” Encouraging Rebound The S&P 500 index closed higher on Monday by more than 1% and this is “marginal good news” for all stocks, Laffer Tengler Investments’ Nancy Tengler said on “Trading Nation.” The rebound follows a...

Concerns about sluggish economic growth amid the ongoing pandemic continue to dominate the financial markets. The Dow Jones Industrial Average and S&P 500 indices had their fourth straight weekly declines, the longest weekly losing streak since August 2019.  The Nasdaq Composite index advanced on a weekly basis after falling the previous three. U.S. indices are also pressured by the fact that Congress will not approve additional fiscal stimul...

Nikkei 225 price slipped 1.1% today on worsening risk sentiment as investors are still focused on the direction that the new Japanese Prime Minister Yoshihide Suga will choose. Fundamental analysis: No changes in the BoJ position Suga and Haruhiko Kuroda, the Governor of the Bank of Japan, agreed to keep close contact and orchestrate policy during their first meeting since Abe Shinzo’s resignation last week.  The Governor said that there are...

Indices in the United States and Europe slipped on Thursday as investors have mostly given up hope on the rising number of daily coronavirus cases across the continent, as well as fading hopes of a new Congress-approved stimulus package.  FTSE 100 down 0.2% The FTSE index trades around 0.2% lower, after erasing most of the morning’s losses. The aviation industry also moved down, with Rolls-Royce (LON: RR.), International Airlines Group (LON:...

The DAX Index has rebounded over 1.5% today after recording the worst single-day performance since March. The latest data from Germany shows that the country is dealing with the coronavirus-induced recession better than originally anticipated. Fundamental analysis: GDP projections upgraded  Amid a significant slowdown in the economy due to the pandemic, Germany was quick to increase spending and that capital, together with the stimulus from...

FTSE 100 index is trading around 3% lower this week after the UK government intensified lockdown restrictions in the country as the number of coronavirus cases increases. Fundamental analysis: Number of infections rise The number of daily cases hit a four-month high of 4,422 on Saturday and data suggest that hospital admissions might hit the mid-March figures by the end of September. In order to prevent the second wave, Prime Minister Boris Johns...

The S&P 500 index recorded its best August performance since 1986 after gaining 7%. Despite a strong rally, the index underperformed the Dow Jones Industrial Average’s 7.6% gain and the tech-heavy Nasdaq’s 9.6% gain.  What’s in store for the major indices and the broader market in September and beyond? CNBC asked the very pertinent question to four experts. Expect a ‘pause’ The Federal Reserve couldn’t have made it any clearer that the U...

Oil giant Exxon Mobil Corporation (NYSE: XOM), health care behemoth Pfizer Inc (NYSE: PFE), and advanced electronics systems company for military applications Raytheon Technologies Corp (NYSE: RTX) were all booted from the Dow Jones Industrial Average. Apple the culprit S&P Dow Jones Indices, the entity responsible for managing the iconic and historic Dow index, said Exxon, Pfizer, and Raytheon will be replaced with biotechnology company Amge...

DAX Index has surged around 2% today to hit levels above 13300 for the first time since February this year after the European Union agreed on a historic pandemic recovery deal.  Fundamental analysis: An unprecedented agreement reached Early Tuesday morning witnessed a history after the European Union leaders agreed a historic deal on a massive stimulus plan to help embattled eurozone’s economies.  It paved the way for the ending of the...