Archive for Tag: stock market outlook

Oil rises on surprise U.S. crude stockpile decline

Brent Oil was trading 0.48% up at $85.15. Oil prices rose on Wednesday, extending strong gains in the previous session, after industry data showed U.S Crude stocks unexpectedly fell last week just as near-term travel demand picked up with COVID-19 pandemic curbs easing. Brent crude futures were at $85.22...

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European Stock Futures Edge Lower; Fed Meeting in Focus

European stock markets are expected to open with small losses Tuesday, handing back some of the previous session’s gains ahead of the start of an eagerly-awaited Federal Reserve meeting. At 2 AM ET (0700 GMT), the DAX futures contract in Germany traded 0.2% lower, CAC 40 futures in France...

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European Stock Futures Higher; U.K. GDP Release Helps

European stock markets are expected to open higher Thursday, continuing to stabilize after the sharp losses earlier this week, but doubts about China’s economic expansion remain. At 2:05 AM ET (0605 GMT), the DAX Futures contract in Germany traded 0.7% higher, CAC 40 Futures in France climbed 0.7% and...

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Microsoft Gains on $60 Billion Buyback, Higher Quarterly Dividend

Microsoft (NASDAQ:MSFT) is trading up 0.94% at 299.79 Microsoft stock (NASDAQ:MSFT)traded 1.5% higher Wednesday as the company announced a $60 billion share buyback and a higher quarterly dividend. The new share repurchase program, which has no expiration date, may be terminated at any time, the $2.25 trillion company said....

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Oil gains as risk of Iran supply resumption recedes

Brent Crudewas trading 0.80% up at $73.44. Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran. Brent...

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Volkswagen expects chips shortage to ease in Q3

Volkswagen (DE:VOWG) is trading up 0.03% at 367.80 Volkswagen (DE:VOWG)expects a shortage in semiconductor supply to ease in the third quarter but sees the bottlenecks continuing in the long-term, a board member told Handelsblatt newspaper. “At the moment we have reached the lowest point. We are facing the toughest...

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Marks & Spencer shares surge in otherwise sluggish London market

London stocks were generally lower on Wednesday, with heavily weighted HSBC dragging the index lower, along with British Land, though Marks & Spencer was a bright spot after well-received results. The FTSE 100 index dipped 0.1% to 7,019.67, while the yield on 10-year U.K. gilts fell 3 basis points...

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