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European Markets Turn Lower On Growth Slow Down Worries

Jun 23, 2022
Bridgette Randall
European markets declined after growth worries in the region resurfaced. The manufacturing output contracted for the first time in two years and service sector growth slowed in June. Energy prices eased for the second day in a row.

Asian Markets Advance On Oil Weakness

Jun 23, 2022
Arjun Pandit
Markets across Asia advanced and indexes in China led the gainers in the region. Chinese authorities are likely to extend tax suspension on electric vehicles. Resource stocks led the decliners in Japan and the Nikkei closed up marginally.

KB Home Sales Jump 19% and Home Backlog Value Soars 43%

Jun 22, 2022
Scott Peters
KB Home sales in the latest quarter rose 19% and higher home prices exceeding the increase in construction costs lifted operating margins.

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Stocks Lacked Direction as Powell Testifies to Congress

Jun 22, 2022
Barry Adams
Stocks ended lower after a day of volatile trading and the Fed Chairman reiterated the central bank's commitment in fighting inflation to Congress. Crude oil edged lower after president Biden's administration proposed to suspend federal fuel tax for three months.

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Movers: BASF, Carlsberg, Clariant, Credit Agricole, Hugo Boss, Mowi

Jun 22, 2022
Bridgette Randall
BASF said the second-half outlook is likely to be challenging. Clariant AG plans to review its business portfolio. Credit Agricole plans to ramp up its retail account acquisition. Carlsberg CFO decides to move on.

European Markets Declined After UK Inflation Accelerated and Oil Fell

Jun 22, 2022
Bridgette Randall
European markets declined after the UK inflation accelerated in May on rising food and energy prices. Crude oil declined 6% in London trading. BASF fell on a weak outlook. Frasers increased Hugo Boss stake. Clariant to review its business portfolio.

Stocks Turned Lower On Recession Worries

Jun 22, 2022
Barry Adams
In choppy trading stocks lacked direction but retained a negative bias on economic recession worries. The Fed Chairman Powell reaffirmed the central bank's commitment in fighting inflation. Energy complex stocks fell after crude oil prices fell 6%.



S&P 500 and Nasdaq Rebound 2.5% After Volatile Week

Jun 21, 2022
Barry Adams
The S&P 500 and the Nasdaq Composite indexes soared 2.5% after a week of volatile trading. Existing home sales declined in May and a median home price crossed $400,000 for the first time. Mondelez agreed to acquire Clif Bar & Co for $2.9 billion.

Movers: Clif Bar, Kellogg, Lennar, Mondelez, Spirit Air, Tesla, Valneva

Jun 21, 2022
Barry Adams
Kellogg announced its plan to split its international and plant food businesses. Mondelez agreed to acquire Clif Bar & Co for $2.9 billion. JetBlue lifted its offer for Spirit Air. Lennar reported higher than expected sales and earnings.

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S&P 500 Jumps 2.6%, Record Existing Home Price In May

Jun 21, 2022
Barry Adams
Stocks rebounded after the S&P 500 suffered its worst week in two years. The Nasdaq jumped 3% and the S&P 500 index gained 2.6%. Existing home sales in May declined and the median home price soared to a record high above $400,000.

European Indexes Extend 2-Day Rally

Jun 21, 2022
Bridgette Randall
European markets extend 2-day rally and advance 2% with cyclicals and beaten down tech stocks leading the gainers. Ocado completed a stock offering of £575 million. Nordex dropped after quarterly loss widened. EasyJet exercised to acquire more Airbus planes.

European Markets Advance In Cautious Trading

Jun 20, 2022
Bridgette Randall
European market indexes traded higher after a week of selloff. ECB President Lagarde reaffirmed the central bank's commitment in fighting inflation and widening rate spreads in the region.

S&P 500 Logs Worst Weekly Loss Since March 2020, Oil Drops 6%

Jun 17, 2022
Barry Adams
The S&P 500 declined 5.8% in the week, the largest fall since March 2020 as recession worries resurfaced. European markets dropped 3%. Crude oil plunged 6% after the U.S. dollar rose and Russia said sanctions are not hurting oil sales.

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Stocks Rebound Lacking Direction On Wall Street

Jun 17, 2022
Barry Adams
Stocks staged a mild rebound but lacked direction as techs led the gainers. Industrial production and capacity utilization rose in May. The Bank of Japan left its key rate near zero, the lone central bank to maintain ultra-low rate policy.



European Indexes Close Down 3%, May Inflation at Record High 8.1%

Jun 17, 2022
Bridgette Randall
Market indexes in Europe gained but closed down 3% after a week of volatile trading. Consumer prices rose 8.1% in the euro zone in May and natural prices remained elevated after Russia slashed deliveries.