COVID-19 Cases in Asia Goes Up, Oil Prices Down
Oil received more blows, driving prices lower. Rising COVID-19 cases in Asia is among the concerns affecting oil prices. Additionally, the possibility of rising inflation that could limit economic growth put oil prices in distress. According to Reuters' report, Brent...
Wall Street Today: Technology Shares Rebound
United States (US) stock exchanges opened higher in trading Wednesday (5/5/2021), following the strengthening of technology shares that pushed Wall Street stronger. The Dow Jones Industrial Average rose 75.4 points (+ 0.2%) at 8:30 am local time (20:30 WIT) and...
FAAMG Market Doing Strong Even Within Pandemic
The Wall Street Journal (WSJ) reported (5/3) that the combined market capitalization of so-called "FAAMG" such as Facebook, Apple, Amazon, Microsoft, and Google, which represent the U.S. IT industry, was nearly a quarter of the total market capitalization of the...
NYSE Closed Higher With Soaring S&P 500 (4/29)
The NYSE closed higher on the back of strong performance by major companies and strong economic indicators. In particular, the Standard & Poor's 500 surpassed the 4,200 mark, rewriting its all-time high. The Dow Jones 30 industrial average rose 239.98...
Bitcoin Gains After Consecutive Losses, Stocks Slip
After five consecutive days of losses, bitcoin finally snaps and regain its valuation. Consequently, other cryptocurrencies also grew higher following bitcoin. The rise in bitcoin, however, is inconsistent with stocks valuation. Stocks recorded a slight decline as the Fed meeting...
Wall Street Colored by Falling Bank Shares
Wall Street closed mixed on Monday (3/29) afternoon with bank stocks plunging amid warnings of potential losses from hedge fund defaults on margin calls. Meanwhile, economic optimism is still quite strong. Quoting from Reuters, Tuesday (30/3/2021) The Dow Jones Industrial...
Stock Markets This Week, NYSE Volatility (3/22)
Markets concern over inflation have rarely subsided this week. The financial sector is pressuring the central bank to intervene in the bond market, but the Fed is sticking to its attitude of allowing interest rate hikes. The New York Stock...
Japan is Asia’s Top Stock Market in 2021
Tokyo Stock Price Index (TOPIX) is on a constant rise. Japan stock gained just over 11% and pushing it to become the top-performing share market in Asia, beating Taiwan. Japan stock gains from automakers According to Bloomberg, Japan's Topix reached...
OPEC Maintains Production Cuts, Oil Price Swells
The Organization of the Petroleum Exporting Countries (OPEC) and major oil producers affiliated with the organization agreed to extend oil production cuts. Both parties deem the global economic situation is still unstable for more oil production. OPEC: slow and unstable...
Recent Survey: More Rich People are Investing in Stock
During this pandemic, it seems that many people are starting to invest, especially in the stock market. In fact, many rich people are actively investing in stocks. Wonder why? The following are some of the results from the latest E-Trade...
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