For the second week in a row, Wall Street indices achieved strong gains, the largest since November 2020, as the Standard & Poor’s 500 Index rose 6.2%, compared to 5.5% for the Dow Jones, and 8.2% for the Nasdaq. The three major indices closed higher on Friday, boosted by technology shares that were hit recently, … Read more
European shares rose on Thursday, tracking Wall Street’s overnight gains after a widely expected hike in US interest rates, while optimism about Russian-Ukrainian peace talks boosted sentiment.The pan-European Stoxx 600 index rose 0.5% by 0819 GMT and is on track to recover all of its losses in March.Wall Street indices rose, on Wednesday, as investors … Read more
Wall Street resumed its decline, Thursday, to close lower as inflation reached its highest level in four decades, boosting expectations that the Federal Reserve will raise key interest rates at the conclusion of its monetary policy meetings next week to calm markets.While all three major indices closed lower, they pared their losses late in the … Read more
Wall Street’s main indexes fell Thursday, after data showed that consumer prices in February jumped as expected, boosting expectations that the Federal Reserve will raise interest rates later this month. The Dow Jones Industrial Average fell 179.48 points, or 0.54%, to 33,106.77 points, the Standard & Poor’s 500 index fell by 25.33 points, or 0.59%, … Read more
Oil prices rose and US stocks fell on Friday, local time, as the White House urged Americans to leave Ukraine immediately due to the rising possibility of a Russian invasion.The markets reacted during a press conference of US National Security Adviser Jake Sullivan, who said that a Russian attack on Ukraine “could happen at any … Read more
Luxury property on the water Wealthy investors are gradually restructuring their portfolios. (Photo: Unsplash) Zurich, Frankfurt Not only the leading central bankers are keeping an eye on the significantly stronger inflation and its causes. Wealthy investors are also currently discussing intensively with their asset managers how inflation is likely to continue to weigh on their … Read more