Sunil Sahil
While U.S. stock markets were closed for Thanksgiving, the S&P/TSX composite index ended the day 2.70 points higher at 20,116.66. November has seen a “significant recovery” in U.S. and Canadian markets from October, according to Brianne Gardner, senior wealth manager at Raymond James Ltd.’s Velocity Investment Partners. “Our goal is to maintain this momentum until … Read more
Although Japanese equity futures were unchanged from the previous session, a rise for contracts suggests that benchmarks will catch up following a holiday. Australian share futures saw a little increase, but Hong Kong share futures saw a decline following a Thursday surge. Cash Treasuries are back in trade in Asia following Wednesday’s sell-off that sent … Read more
According to recent statistics from FactSet, references to the “recession” are expected to decline for a fifth consecutive quarter, hitting their lowest point since the fourth quarter of 2021. 53 of the 470 S&P 500 companies that have released their quarterly results as of last Friday had addressed the recession. That is a decrease from … Read more
Santander has revealed a proposal to invest US$ 800 million by 2026. This money will go towards building Campus Santander and the company’s transformation into a digital bank with Work/Café. In specifics, Santander Investment, a division of Grupo Santander, will invest US$ 350 million in the new corporate facility; in addition, Santander Chile will devote … Read more
Despite low trading activity due to US and Japanese holidays, the euro gained ground on Thursday as data showed the economic slowdown in the euro zone may be beginning to abate. Because to the Thanksgiving holiday and the closed markets in Japan and the US, there was considerable volatility in currency trading due to lower-than-normal … Read more
The euro maintained its overnight gains as statistics suggested that the euro zone’s recession may be abating, while the dollar remained constrained on Friday due to uncertainties about the direction of US interest rates. Due to the fact that U.S. markets are closed on Thursday and that trading will be shortened on Friday in observance … Read more
According to industry group Equipment Leasing and fund Association (ELFA) on Monday, U.S. corporations borrowed 8% less in October than they did a year earlier to fund equipment investments as certain businesses were negatively impacted by high interest rates. The Washington-based ELFA surveys banks such as Bank of America and financing affiliates of equipment manufacturers … Read more
As investors awaited further indications on when the Federal Reserve could start reducing interest rates, Wall Street was set for a muted opening on Monday. Meanwhile, Microsoft saw gains following the announcement that former OpenAI CEO Sam Altman would be joining the behemoth software company. Before the bell, Microsoft’s stock increased by about 1% on … Read more
As investors awaited further indications on when the Federal Reserve could start reducing interest rates, Wall Street was set for a muted opening on Monday. Meanwhile, Microsoft saw gains following the announcement that former OpenAI CEO Sam Altman would be joining the behemoth software company. Before the bell, Microsoft’s stock increased by about 1% on … Read more
As investors anticipated the publication of Federal Reserve minutes and earnings from AI chipmaker Nvidia (NVDA), stocks dropped below the flatline on Tuesday, indicating a slowdown in the November rise. The S&P 500 (^GSPC) futures were down by 0.1% following the closing of the stock gauge at its highest point since August. Futures for the … Read more
