Stock Market
European shares muted ahead of Fed meeting, Euro inflation data
European shares opened higher on Tuesday, boosted by gains in technology and oil stocks, while investors held back from placing big bets ahead of the Federal Reserve’s meeting and Euro zone inflation data.
Deutsche Bank shuffles ratings on defense stocks
Deutsche Bank made various adjustments to its ratings on several major defense stocks in separate notes Friday, reflecting changes in the companies’ outlooks and recent performance.
American Airlines cuts annual profit forecast as sales strategy backfires
On Thursday, the airline said it is renegotiating contracts with corporate customers and travel agencies. It is also adding account managers for corporate customers and increasing sales support for agencies.
General Dynamics business jet revenue jumps 50%
General Dynamics reported an 18% rise in second-quarter revenue on Wednesday, helped by higher demand for its ammunitions and nuclear-powered submarines and a 50% year-on-year jump in revenue from business jets.
India hikes taxes on equity and derivatives trading
The government also increased the tax on transactions in equity derivatives segment. On futures trading, the securities transaction tax has been increased to 0.02% from 0.0125% and on options, it has been raised to 0.1% from 0.0625%.
European banks’ earnings in spotlight after big share price gains
The European Central Bank is expected to cut interest rates for a second time in September, but so far banks’ earnings have proved surprisingly robust and their shares have continued higher.
European shares dip as lower commodity prices weigh
European shares fell on Friday and were set for weekly losses, hurt by lower commodity prices and as a rout in global technology shares extended, while investors assessed more earnings updates.
Tech stocks wobble on deepening Sino-US chip war
Chip stocks in Asia tumbled on Thursday while their European counterparts got off to a tentative start after a news report that the United States was considering tighter curbs on exports of advanced semiconductor technology to China.
Asian stocks drift higher as rate cut bets grow; China lags
Most Asian stocks rose on Tuesday, tracking gains on Wall Street amid increasing expectations for a September interest rate cut, while Chinese markets lagged on concerns over a cooling economy and headwinds from U.S. politics.
US companies head into earnings facing high expectations
U.S. companies releasing quarterly results in the coming weeks face investors who expect no less than stellar growth, with estimates particularly high for Wall Street technology heavyweights such as Nvidia (NASDAQ:NVDA) and Microsoft (NASDAQ:MSFT).