Market Review – June 23, 2017

Stocks across different regions were mixed on Thursday. In the US, Healthcare stocks gave Nasdaq a boost after the Senate’s plan was finally unveiled, but they were not able to get the S&P 500 and Dow Jones over the finish line. Nasdaq managed to advance by the closing bell, up 0.04% to 6,236.68, its second … Continued

Market Review – June 22, 2017

Brent crude oil fell for the third consecutive day, sliding below $45 for the first this year and settling at $44.78. Brent has entered a bear market amidst traders reportedly losing faith in OPEC’s ability to balance supplies. Notably, oil prices have now dropped by more than 20 percent since the start of this year … Continued

Market Review – June 20, 2017

All stocks across regions closed higher on Monday driven mainly by higher technology stocks. Tech stocks led by Apple helped Nasdaq log its best day of the year, with the US benchmark closing at 7,523.81, up 0.81%. Apple share price rose 2.86% to 146.34, recovering somewhat after falling for three consecutive trading days. Its largest … Continued

Market Review – June 19, 2017

Stocks across regions broadly closed higher on Friday. In Asia, Japan’s Nikkei and Hong Kong’s Hang Seng moved up 0.56% to 19,931.15 and 0.24% to 25,601.81, respectively. European indices from the UK, Germany and France also went up. Britain’s FTSE, the German DAX 30 and France’s CAC 40 each climbed 0.60% to 7,463.54, 0.48% to … Continued

Market Review – June 15, 2017

With the Federal Reserve raising interest rates from 1.00% to 1.25% on Wednesday for the second time in three months, the US dollar gained enough strength and slightly recovered after drastically weakening on the back of worse-than-expected CPI and core retail sales. As a result mainly of the bad economic data, the greenback settled lower … Continued

Market Review – June 14, 2017

Stocks across different regions were mixed on Tuesday. Japan’s Nikkei 225 index fell 0.05% to 19,898.75 while Hong Kong’s Hang Seng rose 0.56% to 25,852.10. The UK’s FTSE 100 went down 0.15% to 7,500.44 whereas the French CAC 40 and the German DAX 30 each closed higher 0.40% to 5,261.74 and 0.59% to 12,764.98. In … Continued

Market Review – June 13, 2017

All stocks across different regions closed lower on Monday, with Nasdaq suffering its worst 2-day losses of the year as tech and momentum stocks led by Amazon, Microsoft, Google, Netflix, Facebook and Alphabet dragged down the market. Analysts say the sell-off in tech stocks in the US market could continue, but the tech meltdown is … Continued

Market Review – June 12, 2017

The British Pound tumbled on Friday, lifting the UK’s main FTSE share index, after an election that denied any party a majority in parliament and fomented a sense of political chaos just days before Brexit talks begin. GBP touched an eight-week low against the US dollar and its lowest levels in seven months versus the … Continued