Both the Nikkei 225 and TOPIX plunged by more than 12%. Benchmark indexes, which attained a record high on 11 July 2024, lost more than 20%. CNBC indicated that the Nikkei’s 12.4% decline was its worst day since ‘Black Monday’ in 1987. TOPIX fell by 12.23%. The Nikkei lost all financial traction gained since the…
Read more
Media reports indicated that the Canadian stock market achieved a record high in July 2024 and has increased by 8% so far this year. Despite this uptrend, it could not keep pace with the S&P 500, which has gained almost 15% since the start of 2024. Don’t miss out the latest news, subscribe to LeapRate’s…
Read more
He said that BA had to burn its way through $3.9bn of its cash reserves in Q1 as it was affected by heavier operating costs as well as revenue being lowered through making fewer plane deliveries. The result could be that Boeing ends up in a negative cash situation in 2024. Earlier cash projections had…
Read more
This came after the cruise line operator decided to raise its outlook for full-year profits in the face of what it called “very strong demand”. A presentation of its strategy titled ‘Charting the Course’ was included in this update made at the company’s investor day, and it laid out its plans to increase shareholder returns.…
Read more
Recent labour statistics pegged unemployment at 3.9%. Bloomberg indicated that equities gained traction after a $25bn sale of 30-year bonds and the S&P 500 crested 5,200. Analysts believe that the advance in stocks can be attributed to commodity trading advisors being modelled to buy shares this week. Don’t miss out the latest news, subscribe to…
Read more
This is the highest mark so far and, according to Yahoo Finance, reflects an estimated 6% jump from the opening benchmark mean on Monday, 8 April 2024. In a note to clients, Harvey postulated that investors are overlooking the possibility of stock valuations that are too high in the present market clime. This keeps current…
Read more
The S&P 500 gained its last 1,000 points steadily over a couple of years. It finally broke the 5,000 barrier earlier this month after a streak of winning weeks among signs of inflation easing and a few excellent earnings reports by major companies. This has led to speculation about how long it may be until…
Read more
It was influenced by diminishing inflation and the anticipation of the Federal Reserve reducing interest rates within the year. On a recent Friday, Goldman Sachs predicted an 8% rise in profits for S&P 500 firms, driven by a more optimistic outlook for the U.S. economy and enhanced profit margins among the largest corporations. David Kostin,…
Read more
According to Reuters data, the MSCI’s Asia-Pacific shares index recorded a 0.18% Hang Seng (.HSI) decline during Friday morning trades. The MSCI’s world index performance displayed no drastic fluctuations and is set to close the week on a 1.7% negative. An exception to these mediocre movements, the Japanese Nikkei (.N225) was up by 0.5% following…
Read more
According to data from Bloomberg, experts predict the report will show the addition of 168,000 nonfarm payroll jobs in December 2023, when compared to the 199,000 jobs added in November. Other predictions include an unemployment figure to sit at 3.8%, 0.1% higher than that of November’s. The positive investor sentiment that grew in December has…
Read more