Weak factory data, trade frictions pull Wall Street lower
Businessam Staff
September 3, 2019
U.S. stocks fell on Tuesday as data showed factory activity contracted for the first time since 2016 in August, renewing fears that a drawn-out trade war between the United States and China could tip the world’s largest economy into recession. The Institute for Supply Management said its index of national factory activity decreased to 49.1, […]
Global stocks stumble toward two-month lows as U.S. data looms
Businessam StaffSeptember 3, 2019
Global stocks slipped toward a recent two-month low on Tuesday, as U.S.-China trade tensions drove investors to the relative shelter of gold, the Japanese yen and government debt. Sterling was the big mover in currency markets, nearing a three-year low with British Prime Minister Boris Johnson set for a showdown with Parliament over a no-deal […]
Wall Street rises after China trade comments, tech boost
Businessam StaffAugust 29, 2019
A rise in technology stocks lifted Wall Street on Thursday, as China sounded hopeful of a resolution to the protracted trade dispute with the United States, easing investor fears of the risk of a recession. China’s commerce ministry said both sides are discussing the next round of talks scheduled in September and hoped U.S. officials […]
Global growth worries keep a lid on European shares, chaotic Brexit looms
Businessam StaffAugust 28, 2019
European shares inched lower on Wednesday as worries of a looming global recession kept investors from making bold bets, while a dive in the pound over fears of a disorderly Brexit pushed British stocks higher. The pan-European STOXX 600 index ended 0.2% lower paring deep losses from the morning, helped by London’s exporter-heavy FTSE 100 […]
Wall Street flat on recession fears, energy shares offer support
Businessam StaffAugust 28, 2019
Wall Street treaded water on Wednesday after moves in the U.S. bond market brought back fears of a recession as a bruising U.S.-China trade war drags on, while a rise in energy shares offered support. U.S. stocks opened lower in the session, tracking losses from Tuesday, as a key part of the U.S. yield curve, […]
Wall St drops 1% after Trump’s China salvo
Businessam StaffAugust 23, 2019
Wall Street’s three main indexes lost about 1% on Friday after President Donald Trump said U.S. companies should “immediately start looking for an alternative to China” after Beijing officials earlier retaliated by imposing tariffs on U.S. goods. At 11:07 a.m. ET, the Dow Jones Industrial Average was down 283.17 points, or 1.08%, at 25,969.07, the […]
Stocks retreat as investors eye Fed’s Jackson Hole meet
Businessam StaffAugust 22, 2019
An index of global stock markets slipped on Thursday as investors worried about uncertainty over the outlook for U.S. interest rate cuts even as weak U.S. manufacturing data raised concerns about the health of the world’s largest economy. U.S. manufacturing industries recorded their first month of contraction in almost a decade amid concerns about whether […]
Stocks rally on earnings, trade before Fed minutes
Businessam StaffAugust 21, 2019
U.S. stocks rose on Wednesday as better-than-estimated earnings at retailers bolstered confidence in the world’s largest economy and investors assessed the latest news on trade. Treasuries dropped. Consumer companies led gains in the S&P 500 Index as solid results from Target Corp. and Lowe’s Cos. defied recession fears. President Donald Trump said Wednesday that the […]
Global stocks inch higher as stimulus hopes spur tentative rebound
Businessam StaffAugust 20, 2019
Stock markets edged higher on Tuesday as investors welcomed signs that more monetary and fiscal stimulus was on its way, hoping more easing would help stave off a major global economic downturn. After a tumultuous first half of August when investors dumped equities and poured their money into government debt and other safe havens, some […]
Nigeria’s equities market halts four day bearish run as ASI adds 0.71%
Adesola AfolabiAugust 19, 2019
Investors in Nigeria’s equities resumed trading upbeat in Monday to halt four consecutive days of downward movement. The All Share Index advanced by 0.71%, while the YtD return on the index stood at -13.73 percent. The market likewise witnessed increased activity as the value of stocks traded on the floor of the exchange increased by […]