Investors are concerned with the growth outlook
July 30, 2021U.S. stock index futures dropped after Amazon.com Inc. gave a lackluster sales forecast for the current period and investors remained concerned about Beijing’s tightening regulations. The slump in futures came after a…
Oil edges higher on inventory drawdown
July 29, 2021Major US indexes ended mixed as Fed keep the benchmark lending rate near zero. The Dow dropped 0.36%, the S&P 500 also followed with a fall by 0.02%. The Nasdaq…
Nigeria holds rate, to launch digital currency
July 28, 2021In the U.S, equities traded lower as megacap technology stocks including Apple Inc & Microsoft tumbled ahead of their earnings reports due after market close. The tech-heavy NASDAQ 100 was…
Tunisia suspends government, parliament amid protests
July 27, 2021US stocks notched another set of records on Monday ahead of the Fed meeting on Wednesday. The DOW and S&P closed 0.24% higher each while the NASDAQ gained a comparatively…
Markets open down on regulatory clampdown in China
July 26, 2021We start this week in a risk off mood with Asian shares dropping to a seven-month low as regulatory concerns grow in China. Delta variant continues spreading around the world…
Stocks gain as earnings top forecasts
July 23, 2021The U.S. stock market fluctuated as strong corporate earnings results and an accommodative stance by the European Central Bank were offset by a larger-than-expected increase in initial jobless claims. The…
Fitch affirms Mozambique at ‘CCC’
July 22, 2021U.S. stock-index futures rose, with global equities set for the biggest three-day rally since April, as earnings optimism outweighed concerns about growth hiccups and coronavirus flareups. September contracts on the S&P 500…
Stocks rebound from monday losses
July 21, 2021Wall Street stocks bounce back after Covid Delta-fueled retreat. The Dow, S&P 500 and Nasdaq all climbed as focus shifts back to optimism over economic growth and recovery in corporate…
Spiking COVID-19 cases put damper on risk sentiment
July 20, 2021US stocks tumbled on Monday as concerns over rising COVID cases weighed on recovery optimism; also adding to the headwinds were increasing US-China tensions with the latter blamed for a…
Markets open in a risk off mood with us…
July 19, 2021We start this week in a risk off mood with Asian shares dropping to one-week lows amid fears of rising Covid-19 cases and inflation concerns. Safe haven assets, including the…