Stocks on the move: Galp up 17%, Sartorius Stedim down 2.6% Shares of Portugal’s Galp Energia soared to a 16-year-high, rising 17% in morning trade after the oil and gas company announced positive prospects for its gas exploration project in Namibia. Meantime, shares of British biopharma firm Sartorius Stedim fell 2.6% as it struggled to pare … Read more
S&P 500 opens lower The S&P 500 kicked off Wednesday lower, putting the broad index on track for a third straight losing day. The broad index lost 0.1% shortly after 9:30 a.m. ET, while the Nasdaq Composite tumbled 0.4%. The Dow slipped around 0.1%. — Alex Harring OPEC+ technical committee recommends no oil output policy … Read more
The S&P 500 opens higher following three straight losing sessions ‘Everything looks rosy’ in equity markets and earnings — but problems lie ahead, economist says Current economic soft landings are the calm before the storm, according to Ludovic Subran, chief economist at Allianz. Stocks on the move: H&M, Diploma, DS Smith Retail group H&M continued … Read more
Vanguard doesn’t expect the Federal Reserve to cut interest rates this year, defying the view from Fed officials that the central bank remains on track to reduce rates three times in 2024. The Fed on Wednesday left interest rates unchanged for the fifth consecutive time, as expected, keeping its benchmark overnight borrowing rate in a … Read more
Stocks on the move: Zealand Pharma, Besi fall Europe’s Stoxx 600 index was lower Monday, with Dutch semiconductor equipment designer Besi leading losses to fall 8.8%. It follows a steep fall for the firm on Friday after analysts raised concerns over its hybrid bonding technology business, according to Reuters. Stock Chart IconStock chart icon Besi … Read more
U.S. stocks open lower The three major indexes opened Tuesday’s session lower, placing the market on track for another down day. The Dow was was down 0.3% shortly after opening bell. The S&P 500 slipped 0.4%, while the Nasdaq Composite shed 0.8%. — Alex Harring Tesla shares fall after fire halts production at Berlin plant Frankfurt-listed shares of Tesla fell 2.4% … Read more
Picking great stocks and avoiding disastrous investments enabled the Ranmore Global Equity Fund to beat the S & P 500 over the past two years, according to its fund manager. The fund, run by portfolio manager Sean Peche, returned 31% in 2023 compared to 24% for the S & P 500 . The performance stands … Read more
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 19, 2024. Staff | Reuters Over the last 12 months, just 11 stocks made up half of the gains that powered the pan-European Stoxx 600 stock index to a record-high close on Friday. Earlier this month, Goldman Sachs … Read more
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 19, 2024. Staff | Reuters Over the last 12 months, just 11 stocks made up half of the gains that powered the pan-European Stoxx 600 stock index to a record-high close on Friday. Earlier this month, Goldman Sachs … Read more
Europe stocks tick lower to end the day European stocks closed slightly lower Tuesday, with the Stoxx 600 index down 0.1% as its positive run stalled. France’s CAC 40 index managed a 0.34% gain, while Germany’s DAX and the U.K.’s FTSE 100 were both down by around 0.1%. Stock Chart IconStock chart icon Stoxx 600 … Read more
