World shares were mostly lower on Monday after China reported its economy grew at a meager 4.9 percent annual pace in July-September. Germany’s DAX declined 0.5 percent to 15,506.11 and the CAC 40 in Paris gave up 0.8 percent to 6,676.21. Britain’s FTSE 100 lost 0.2 percent to 7,216.79. The future for the Dow industrials…
World Shares Mostly Lower as Chinese Growth Data Disappoints
October 18, 2021
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Home Goods Offering Online Shopping: Could It Boost TJX Shares?
A leading home décor and furnishings retailer is upping its game with the rollout of online shopping. Could it boost revenue and the share price? What Happened HomeGoods, a store brand owned by TJX Companies Inc., is a leader and well-known brand in the home décor and furnishings space. The retail brand ended the second…
LVMH Shares Flat After Its Third Quarter Revenues
PARIS—Shares in LVMH were flat in early trading on Wednesday after the French luxury giant posted a strong rise in sales in its fashion and leather goods division in the third quarter. LVMH, whose luxury products span Moët & Chandon champagne and Bulgari timepieces, said on Tuesday the popularity of its star labels Louis Vuitton…
World Shares Mixed as Investors Await US Inflation Figures
October 13, 2021
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World shares were mixed on Wednesday as investors awaited the release of U.S. inflation data and upcoming corporate earnings. Stocks fell in Paris, London, Tokyo, and Sydney but rose in Shanghai and Frankfurt. Prices for oil and other energy have surged recently along with costs of other commodities. Shortages of semiconductors have meanwhile slowed output…
Stagflation Fears Stalk Shares, Rising Yields Lift Dollar
October 11, 2021
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LONDON—Stagflation jitters stunted growth in global shares on Monday, while bets that major central banks will tighten monetary policy pushed up bond yields and lifted the dollar to a near three-year peak against the Japanese yen. Brent oil prices extended their bull run to reach ground last visited in late 2018, with gains across the…
European Shares Rally on Cooling Energy Prices, Construction Sector Gains
October 7, 2021
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European stocks rallied on Thursday, as easing oil and gas prices offered relief to investors worried about runaway inflation, while positive earnings updates in the construction and materials sector added to the upbeat sentiment. The pan-European STOXX 600 index rose 1.0 percent to reverse weekly losses, with buying seen across sectors barring oil & gas….
Shares Climb Again as Energy Price Dip Eases Stagflation Fears
October 7, 2021
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LONDON—World stock markets got their foot back on the gas on Thursday as hopes grew that Washington could resolve its debt-ceiling squabbles and a global drop in energy prices tempered deepening fears of “stagflation”. Europe’s bourses rallied off 2–1/2-month lows as easing oil and gas prices offered relief after a shock 4 percent drop in…
Bayer Shares Up After First Trial Win Over Roundup
BERLIN—Shares in Bayer AG rose 2.5 percent in pre-market trade on Wednesday after the German agricultural and pharmaceuticals firm won its first trial over claims its Roundup weedkiller causes cancer. A California jury found that the herbicide was not a substantial cause of a child’s rare form of non-Hodgkin’s lymphoma, the company said on Tuesday….
Global Shares Retreat After Evergrande Shares Suspended
October 4, 2021
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Global stocks have fallen, with Hong Kong’s benchmark down more than 2 percent after troubled property developer China Evergrande’s shares were suspended from trading. Shares opened lower in Paris, Frankfurt, and Tokyo. U.S. futures also declined. China Evergrande did not say why it suspended its shares, but a Chinese financial news service, Cailian, said another…
Merck Shares Soar on COVID-19 Pill Trial Results, Vaccine Stocks Dip
Shares of Merck & Co surged on positive clinical trial results of its experimental antiviral COVID-19 pill while high-flying stocks of vaccine companies and makers of other coronavirus therapies were bruised. Merck shares jumped as much as 12.3 percent and hit their highest level since February 2020 after data showed the company’s pill molnupiravir could halve…
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