JPMorgan Says Record Highs in European Stocks Can Last and Widen

European equities are trading at fresh record highs, and JPMorgan Chase (NYSE:JPM) & Co. strategists say the rally can go on and even expand to markets that have been left behind. The Stoxx Europe 600 Index closed at a historical peak last week after earnings optimism outweighed spreading coronavirus fears. To JPMorgan strategists, the fact […]

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Alstom Confirms Talks On Potential $7 Billion Bombardier Deal

French train maker Alstom (PA:ALSO) has confirmed it is in talks on the possible acquisition of the train business of Canada’s Bombardier (TO:BBDb), a potential $7 billion deal that could help it build scale in the increasingly competitive rail sector. A deal could be important for Alstom, maker of the TGV bullet trains which speed […]

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Stock Market: 3 Things Under The Radar This Week

Attention remained on China and the coronavirus this week as stocks and commodities swung on differing reports of the numbers of new cases. Among those headlines and another busy week of earnings, investors may have missed a potential opportunity in the luxury sector, with Wall Street expressing confidence in an Italian-French conglomerate. While Fed chief […]

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OPEC Wants To Raise Oil Prices

◊ OPEC and Oil Prices News ◊ ⇑⇓ StockMarketNews.Today ⇓⇑ The coronavirus outbreak has interrupted economic activity in China with entire cities on lockdown and travel restrictions putting a huge dent in demand for oil. Quite how much this will hit crude demand is unclear — but Chinese energy executives have said oil consumption in […]

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Day Trading: 3 Things Under The Radar This Week

◊ Day Trading News ◊ ⇑⇓ StockMarketNews.Today ⇓⇑ Although closing Friday on a down note, stocks rallied sharply this week as the coronavirus, earnings and employment data took most of investors’ attention (along with the wild swings in Tesla). But among things that may have gone overlooked, two U.K. companies that could be surfing the […]

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Turmoil In Global Gas Market

◊ Natural Gas News China ◊ ⇑⇓ StockMarketNews.Today ⇓⇑ Chinese importers threatening to cancel up to 70 per cent of seaborne imports in February as demand collapses and companies struggle to staff ports. The move by China, the world’s second-largest importer of liquefied natural gas, has sent prices to their lowest level on record and […]

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Tesla Resume Production In Shanghai

◊ Tesla Production In Shanghai ◊ ⇑⇓ StockMarketNews.Today ⇓⇑ U.S. electric carmaker Tesla‘s factory in China’s financial hub of Shanghai will resume production on Feb. 10 with assistance to help it cope with a spreading epidemic of coronavirus, a Shanghai government official said on Saturday. Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic […]

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Wall Street Slips After Jobs Report

◊ Stock Market News Jobs Report ◊ StockMarketNews.Today Wall Street pulled back from record levels on Friday, as investors assessed the U.S. employment report that showed jobs growth accelerated in January but included a downward revision to some previous numbers. Nonfarm payrolls increased by 225,000 jobs last month, the Labor Department’s data showed, much higher […]

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Amazon Says It Will Create 15,000 Jobs In Bellevue

StockMarketNews.Today — Amazon said it expects to bring the 15,000 jobs to Bellevue over the next few years. More than 2,000 employees currently work in Bellevue, and the company has about 700 job openings in the city. The company opened its first office building in Bellevue in 2017. The city is also where Amazon got […]

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German Industry Output Suffers Biggest Slump Since 2009

Stock Market News — German industrial output registered its biggest drop in more than a decade in December, highlighting the weakness of the manufacturing sector that is dragging on overall growth in Europe‘s largest economy. Industrial production tumbled by 3.5% on the month, undershooting expectations for a 0.2% fall, figures released by the Statistics Office […]

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China Cuts U.S. Import Tariffs

Global stocks extended their recovery on Thursday, cheered by record closes in Wall Street benchmarks following encouraging economic data, and after China announced a cut in tariffs on some imported goods from the United States. The tariff relief added to hopes the global economy may be able to avoid a major shock from China’s rapidly-spreading […]

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Ferrari Tempers 2020 Expectations With Cautious Upgrade

Today’s Stock Market News — Demand for Ferrari’s Portofino and 812 Superfast models helped the Italian supercar maker hit profit targets for last year though it only a provided cautious upgrade to its outlook for 2020. Ferrari (NYSE:RACE) said it planned to boost adjusted earnings before interest, tax, depreciation and amortization (EBITDA) to 1.38 billion-1.43 […]

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Financial Markets – Top 5 Things to Watch This Week

Stock Market News — Financial markets in mainland China are set to reopen on Monday, after the holiday for the Lunar New Year was extended by the government amid the Coronavirus outbreak. Investors will continue to monitor the global economic fallout from the virus’s progression, which has largely overshadowed earnings season so far. Disney , […]

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Today’s Stock Market News { 1 February, 2020 }

Today’s Stock Market News — U.S. equity markets wiped out their gains for the year on Friday, following European and Asian shares lower as concern escalated about the impact of the coronavirus on global growth. The death toll from the epidemic had risen to 213, Beijing said, with another 9,811 confirmed cases worldwide and a […]

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Traders Pay Up For Protection Against Sharp Falls In US Stocks

Stock Market News Today— Traders have been scrambling to protect themselves from a collapse in US stocks, spooked by the coronavirus outbreak, the looming presidential race and the sheer strength of last year’s rally. The US equity market climbed 29 per cent in 2019 and started this year strongly, but the spreading nervousness has sent […]

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Stock Market: Microsoft Earnings Preview

♦Microsoft Earnings Preview♦ Stock Market —- Microsoft Stock Forecast 2020 * Reports Q2, 2020 results on Wednesday Jan. 29, after the market close * Revenue Expectation: $35.67 billion * EPS Expectation: $1.32 When Microsoft Corporation (NASDAQ:MSFT) releases its latest quarterly earnings today, it will provide investors with confidence that one of the bull market’s dominant […]

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Trading News: 3 Things Under the Radar This Week

Trading News — There’s an ominous technical indicator hovering over the U.S. dollar, which could mean a move away from the greenback. But don’t go looking for value in bitcoin, according to one fund manager speaking at the World Economic Forum in Davos, Switzerland this week. Meanwhile, as lower interest rates have been a boon […]

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Moody’s Cuts Hong Kong Rating

♦ Today’s Stock Market News – Tuesday, 21 January, 2020 ♦ ◊ Stock Market News Today – Tuesday, 21 January, 2020 ◊ StockMarketNews.Today — Moody’s has cut Hong Kong’s credit rating, saying the government’s “slow” and ineffective response to months of protests has prompted it to reassess the Chinese territory’s institutional strengths and governance. Hong […]

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Brussels Briefing – Europe Braces For New Fiscal Battles

♦ Brussels Briefing ♦ Stock Market News — Stock Market Today The EU’s fiscal rules are widely disliked given their impenetrable and convoluted nature — yet it is difficult to avoid setting off political landmines somewhere in the union when any change to them is mooted. In early February, the commission will tread delicately back […]

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Stock Market: 3 Things Under the Radar This Week

♦ Stock Market This Week ♦ Stock Market — Stock markets cheered the much-anticipated signing of the phase one trade deal between China and the U.S. But there are many more trade questions that could either take the deal as a model or see it as a warning sign. The EU and the U.S. may […]

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