Wednesday, July 6, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Stocks

Banks lead early gains for stocks after raising dividends

MtR by MtR
June 29, 2021
in Stocks
0


title=s

People wearing face masks walk past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Tuesday, June 29, 2021. Asian stock markets declined for a second day Tuesday after Wall Street hit a new high on tech stock gains and the World Bank raised its forecast of Chinese economic growth.(AP Photo/Kin Cheung)


Kin Cheung

AP

Related articles

Bank stocks are super cheap — even with the risk of recession

July 6, 2022

Stocks Swing Ahead of Fed Meeting Minutes

July 6, 2022

Stocks are opening higher on Wall Street, led by gains in major banks after many of them announced plans to return billions more to their shareholders in the form of dividends and stock buybacks. The S&P 500 was up 0.2% early Tuesday. Morgan Stanley rose 3% in the early going and Goldman Sachs added 1.5%. With two trading days left in June, the market is getting ready to close out a strong first half of the year as the economy emerges from its pandemic-induced recession. The S&P 500 is on track for a gain of more than 14% for the first half.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

BEIJING (AP) — European stock markets opened higher Tuesday while Asia declined as investors looked ahead to U.S. jobs data for signs of inflation pressure.

London and Frankfurt gained while Shanghai, Tokyo and Hong Kong closed lower. Wall Street futures were mixed.

Investors are swinging between optimism about a global economic recovery underpinned by coronavirus vaccinations and worry that central banks might feel pressure to withdraw stimulus to cool rising inflation pressures.

Traders are watching U.S. jobs data due out Friday for signs of whether the labor market “will start to show initial signs of heating,” Anderson Alves of ActivTrades said in a report.

The Federal Reserve says it believes a rise in prices of oil and other commodities is temporary. Wage increases can be more lasting.

Also Tuesday, the World Bank raised its forecast of China’s economic growth this year to 8.5% from its April prediction of 8.1%. The Washington-based lender said a full recovery requires progress in vaccinations against the coronavirus.

In early trading, the FTSE 100 in London gained 0.3% to 7,095.06 and Frankfurt’s DAX added 0.6% to 15,642.81. The CAC 40 in Paris advanced 0.3% to 6,580.65.

On Wall Street, the future for the S&P 500 index was off less than 0.1% while that for the Dow Jones Industrial Average was up 0.2%.

On Monday, S&P 500 rose 0.2% to a record as gains for Facebook, Nvidia and other tech stocks offset losses for other industries. The Dow shed 0.4% while the Nasdaq composite added 1%.

In Asia, the Shanghai Composite Index fell 0.9% to 3,573.18 and the Nikkei 225 in Tokyo shed 0.8% to 28,812.61.

The Hang Seng in Hong Kong lost 1% to 28,983.89 after the Chinese territory banned airline flights from Britain starting Thursday in a new effort to prevent the spread of a new coronavirus variant.

The Kospi in Seoul retreated 0.5% to 3,286.68 and Sydney’s S&P-ASX 200 lost less than 0.1% to 7,301.20.

India’s Sensex declined less than 0.1% to 52,691.47. New Zealand, Bangkok and Jakarta advanced while Singapore declined.

Stock prices look expensive to some investors after rising faster than corporate profits. Inflation remains a worry, even if more U.S. investors have come around to the Federal Reserve’s view that it will be only a temporary problem.

Economists expect Friday’s U.S. jobs numbers to show employers added 700,000 more than they cut in June, an improvement over previous months. They also expect the report to show that average hourly earnings jumped 3.7% in June from a year earlier.

In energy markets, benchmark U.S. crude 2 cents to $72.89 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.14 to $72.91 on Monday. Brent crude, used to price international oils, shed 4 cents to $74.10 per barrel in London.

The dollar advanced to 110.74 yen from Monday’s 110.55 yen. The euro retreated to $1.1908 from $1.1923.





Source link

Related Posts

Bank stocks are super cheap — even with the risk of recession

by MtR
July 6, 2022
0

Big banks will kick off earnings season next week, with JPMorgan Chase first out of the gate before the stock...

Stocks Swing Ahead of Fed Meeting Minutes

by MtR
July 6, 2022
0

US stocks edged higher Wednesday as investors prepared to sift through minutes from the Federal Reserve 's most recent policy...

European stocks bounce back after strong German industrial figures

by MtR
July 6, 2022
0

European stocks rallied on Wednesday, pushed up by a sharp rise in the shares of Just Eat Takeaway after Amazon...

MARKET LIVE: Sensex, Nifty flat; metal stocks slump in pre-open

by MtR
July 6, 2022
0

The Indian equity markets are likely to open choppy amid mixed global cues. As of 7:50 AM, the SGX Nifty...

Citi says oil could fall to $65 in a recession. Here's what that would mean for our stocks – CNBC

by MtR
July 5, 2022
0

Citi says oil could fall to $65 in a recession. Here's what that would mean for our stocks  CNBC Source link

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Health Care Sector ETFs Are at the Mercy of Expiring Government Subsidies

July 6, 2022

Research: Rating Action: Moody’s assigns Aaa to Essex County, NJ’s GOULT bonds; outlook stable

July 6, 2022

Metal companies feel the heat as commodity prices continue to dip

July 6, 2022

Is the world of travel now cashless or should I withdraw foreign currency before travelling?

July 6, 2022

Recent News

Health Care Sector ETFs Are at the Mercy of Expiring Government Subsidies

July 6, 2022

Research: Rating Action: Moody’s assigns Aaa to Essex County, NJ’s GOULT bonds; outlook stable

July 6, 2022

Metal companies feel the heat as commodity prices continue to dip

July 6, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter