London -0.14%. Germany +0.11%. Germany September Ifo business climate index 84.3 vs 87.0 expected (Prior 88.5). France +0.22%. The pan-European Stoxx 600 was down 0.30%. Basic resources dropped, while tech stocks gained. Uk data – Rightmove House Prices for September +0.7% m/m (prior -1.3%). SNB total sight deposits w.e. 23 September CHF 747.1 bn vs CHF 754.5 bn prior. In bond … Read more
Traders on the floor of the NYSE, Aug. 11, 2022. Source: NYSE As the market reacted in alarm to Federal Reserve Chair Jerome Powell’s hawkish comments and determined tone on Friday, I struggled to retrieve an analogous situation that ended well. My conclusion is that, although we have experienced a bear-confirming drop of over 20% … Read more
MF3d/iStock via Getty Images Wall Street saw stocks plummeting and Dow dropping more than 1,000 points while Nasdaq declined ~4% after Federal Reserve Chairman Jerome Powell’s hawkish remarks at the Jackson Hole Economic Symposium, warning that the fight against inflation could lead to “some pain” for the economy. While Enovix was the top gainer on … Read more
U.S. stocks turned positive in a back-and-forth session Thursday as Wall Street weighed new data that showed economic activity contracted for the second-straight quarter in Q2. The S&P 500 ticked up 0.3%, and the Dow Jones Industrial Average rose by roughly the same margin, or 80 points. The tech-heavy Nasdaq Composite advanced 0.2%. All three … Read more
Second-quarter business travel revenue at Alaska Air Group has fully recovered to 2019 levels, executives said during a Thursday earnings call, boosted by elevated fares. Business travel volume has reached about 75 percent to 80 percent of 2019 levels and the carrier expects further growth, said EVP and chief commercial officer Andrew Harrison, but described … Read more