Markets

Weekly Jobless Claims Higher Than Expected

Weekly Jobless Claims Higher Than Expected

Initial claims for unemployment benefits in the US rose more than expected last week, though the trend remained low by historical standards with analysts not predicting any major increases in the coming weeks. Seasonally adjusted initial claims came in at 227,000 in the week ended June 22, according to data published by the Department of Labor on Thursday. This was […]

Asian ADRs Trading Lower

Asian ADRs Trading Lower

American depositary receipts of Asian stocks were trading 0.70% lower at 1,454.21 on the BNY Mellon Asia 50 ADR Index on Thursday. In North Asia, the gainers were led by computer-based testing services provider ATA (ATAI) and automaker NIO (NIO), which climbed 14.9% and 7.5% respectively. They were followed by aluminum producer Aluminum Corporation of China (ACH) and educational services […]

European ADRs Move Lower

European ADRs Move Lower

American depositary receipts of European stocks were trading 0.84% lower at 1,028.49 on the BNY Mellon Europe Select ADR Index on Monday. In continental Europe, the gainers were led by internet advertising firm VEON (VEON) and biopharmaceutical company DBV Technologies (DBVT), which rose 2.9% and 2.1% respectively. They were followed by medical equipment company Edap (EDAP) and Deutsche Bank (DB), […]

Middle East Stocks Mostly Higher

Middle East Stocks Mostly Higher

Mideast shares mostly rose, with Saudi stocks gaining again on foreign buying. Foreign investors have been net buyers of Saudi stocks every month this year, Reuters noted. In company news, Malath Cooperative Insurance said it renewed a vehicle insurance contract with Arab National Bank for a year. Premiums from the deal are expected to exceed 5% of its total annual […]

FILES - A picture taken on June 1, 2008 shows a huge symbol of the Euro in front of the European Central Bank (ECB) in Frankfurt/M., western Germany. The US Federal Reserve struggled with central bank partners on September 26, 2008 to avert a "money market meltdown" as US lawmakers wrangled over a plan to stem the worst financial crisis most have ever known. Central banks added 13 billion dollars (8.8 billion euros) to an emergency fund that has become crucial for European banks, bringing the total made available so far to 290 billion dollars.   AFP PHOTO  /  DOMINIQUE FAGET

US Stocks Slump as President Trump Threatens Tariffs Against Mexico

US stocks fell after President Donald Trump threatened to impose import tariffs on Mexico, picking an economic fight with a neighbor while the trade row with arch-rival China continued unabated. The yen and gold gained as the negative gap between short and long-term bond yields widened the most in a decade. By around midday, the Dow Jones Industrial Average (DJIA) […]

European Equity Benchmarks Close Lower on Trump’s Threat to Impose Tariffs on Mexico

European Equity Benchmarks Close Lower on Trump’s Threat to Impose Tariffs on Mexico

The broad-based major European indices closed lower in Friday trading, as investors were rattled by US President Donald Trump’s threat to impose new tariffs on Mexico, which he said wouldn’t be lifted until Mexico stops illegal immigration into the US. In economic news, Germany’s Federal Statistical Office (Destatis) reported that the price-adjusted turnover of the retail enterprises in the country […]