Stock market investors cheer Trump’s new media venture

The stock price of Miami-based Digital World Acquisition Corp. (DWAC), the special purpose acquisition company (SPAC) that will enable the Trump Media & Technology Group (TMTG) to go public through a merger, jumped over 400% on Thursday to hit a high of $52 (Oct. 21) in what some might see as validation for former United States President Donald Trump. DWAC’s stock traded

READ MORE

European stocks climb on strong eurozone trade data

European stocks opened higher on Thursday (Sept. 16) morning breaking from cautious global sentiment. Germany’s DAX opened 0.34% in the green, London’s premier index FTSE 100 began 0.22% higher, while France’s CAC 40 was up by 0.46% at the starting bell. The pan-european STOXX600 was up 0.72% around midday. Sentiment was boosted after Eurostat data showed eurozone’s trade surplus increased in July

READ MORE

Banks forecast stock market selloff anytime before year-end

Stocks are hovering around record highs with the S&P 500  of US shares up about 18% in 2021, the tech-heavy Nasdaq about 19% higher and the Europe-wide Stoxx 600 up 17%, but investors are expecting a pullback in stock markets of 5% to 10% before the end of the year. According to a monthly poll from Deutsche Bank conducted between 7-9 September and covering over

READ MORE

Big rush of Chinese investors to local equity market

Investors in China are turning to mainland Chinese A shares as other investment options like real estate and cryptocurrencies come under tighter government scrutiny. Stock trading volume across the local stock markets has held above 1 trillion yuan ($154.56 billion) for the last six weeks and hit a high for the year (1.71 trillion yuan) on Wednesday (Sept.1) , according to Shanghai-based Wind

READ MORE

September is here and risks are rising for stocks

September is set to live up to its reputation as the worst month of the year for the stock market, as strategists say stocks face plenty of potential risks. Since 1950, the Dow Jones Industrial Average (DJIA) has averaged a decline of 0.8%, the S&P 500 has averaged a 0.5% decline during September while the Nasdaq which was first established in 1971

READ MORE

Tokyo stocks jump with the Nikkei 225 soaring 500 pts

Japan’s Nikkei 225 jumped on Monday (August 23) after hitting its lowest since December in the previous session. The jump came following August manufacturing data showing manufacturing activity across Japan continued to expand through August, the seventh straight month of growth, amid ongoing COVID-19 restrictions. August’s manufacturing PMI score of 52.4 is down from 53.0 a month earlier, although it remains above

READ MORE

World stocks rocked by US Federal Reserve plan

Minutes from the U.S. Federal Reserve’s 27-28 July meeting released Wednesday (August 19) suggest tapering of monthly asset purchases “could be appropriate” before the end of the year as most participants said progress had been made toward the central bank’s inflation goal. Meanwhile, “some” Federal Open Markets Committee (FOMC) members noted it would be better to wait until 2022 to start tapering

READ MORE