Daily Market News: Chinese markets hit record high after US falls back on big bank earnings LeapRate

October 14, 2020 BY Steffy Bogdanova

Daily Market News: Chinese markets hit record high after US falls back on big bank earnings

What to watch UnitedHealth Group: Third-quarter corporate earnings season continues today, with US health insurer UnitedHealth the largest company up to bat. The company’s share price is up 12.7% in 2020, pushing its market cap past the $300bn mark. Last quarter, the company cautioned investors that a boost from lower patient care costs as a…

October 13, 2020 BY Steffy Bogdanova

Daily Market News: Tech stocks surge to start week, boosted by derivatives trading

What to watch: Johnson & Johnson: Consumer goods and medical giant Johnson & Johnson reports its third-quarter earnings today; the state of its now disrupted vaccine trial is likely to be a point of interest. On the firm’s Q2 earnings call in July, management told investors that the firm is working to build its manufacturing…

October 12, 2020 BY Steffy Bogdanova

Daily Market News: Markets jump on stimulus chatter but real earnings test begins this week

What to watch US corporate earnings season: Third-quarter earnings season kicks off in the US tomorrow, starting as usual with most of the major banks. JPMorgan and Citigroup are among the first to deliver their quarterly reports on Tuesday, along with BlackRock, Delta Air Lines and Johnson & Johnson. Throughout the week, Bank of America,…

October 09, 2020 BY Steffy Bogdanova

Daily Market News: Biden polls lead lifts shares amid blockbuster M&A deals

What to watch US election polls: There is little in the way of significant company announcements or earnings news being delivered today. While markets appear to have been heavily guided this week by the ups and downs of attempts to bring another stimulus package to bear in the US, Marketwatch reported that there is a…

October 08, 2020 BY Steffy Bogdanova

Daily Market News: Markets ride Trump stimulus rollercoaster

What to watch Dominos Pizza: One beneficiary of the pandemic has been Domino’s Pizza, which has added almost 50% to its share price in 2020 as consumers have favoured delivery services over restaurants and bars. The firm has outpaced rival Papa John’s, which is up 30% year-to-date. A key point to watch in Domino’s Thursday…

October 07, 2020 BY Steffy Bogdanova

Daily Market News: Stimulus hopes fade as Trump ends talks

What to watch RPM International: Specialty coatings and building materials firm RPM, which has an $11bn market cap, has gained 9.9% in 2020, including an 11.5% rally in the past five months. That caps off a 2019 which saw the company grow its share price by almost 30%. Today, the company will deliver its latest…

October 06, 2020 BY Steffy Bogdanova

Daily Market News: Trump departs hospital, markets eye stimulus deal

What to watch Paychex: Small business human resource, payroll and benefits outsourcing firm Paychex’s share price is close to flat year-to-date, lagging the broader market, as widespread unemployment puts its business model under pressure. The company delivers its latest quarterly earnings update on Tuesday, with Wall Street analysts expecting an earnings per share figure of…

October 05, 2020 BY Steffy Bogdanova

Daily Market News: Stocks gain on chance Trump leaves hospital on Monday

What to watch Restaurant Group: London-listed Restaurant Group is the firm behind brands such as Wagamama, Frankie & Benny’s and Coast to Coast. As is the case for the restaurant industry as a whole, the pandemic has put a huge dent in the firm, which has seen its share price fall by more than 67%…

October 02, 2020 BY Valentina Kirilova

Daily Market News: Trump catches Covid; Congress approves $2.2trn stimulus package

The House vote came after a variety of economic data was released on Thursday, which contained some potential red flags. Personal income fell 2.7% in August, while initial weekly jobless claims remained stubbornly high at 837,000. The week has been littered with news of major corporate job cuts coming down the pipeline, and the US…

September 10, 2020 BY Valentina Kirilova

Daily Market News: Relief for tech stocks after multi-day sell-off as virus cases spike globally

AstraZeneca holds firms after positive news on Covid-19 vaccine trial hiccup After reporting late on Tuesday that it had paused its Covid-19 vaccine trial due to participant illness, AstraZeneca’s London listed shares closed the day in the green. Per CNBC, the company’s CEO Pascal Soriot told investors on a private conference call on Monday morning…

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Daily Market News: Chinese markets hit record high after US falls back on big bank earnings

Daily Market News: Tech stocks surge to start week, boosted by derivatives trading

Daily Market News: Markets jump on stimulus chatter but real earnings test begins this week

Daily Market News: Biden polls lead lifts shares amid blockbuster M&A deals

Daily Market News: Markets ride Trump stimulus rollercoaster

Daily Market News: Stimulus hopes fade as Trump ends talks

Daily Market News: Trump departs hospital, markets eye stimulus deal

Daily Market News: Stocks gain on chance Trump leaves hospital on Monday

Daily Market News: Trump catches Covid; Congress approves $2.2trn stimulus package

Daily Market News: Relief for tech stocks after multi-day sell-off as virus cases spike globally

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