Wall Street closed at fresh record highs on Friday following upbeat remarks from two top US administration officials regarding the chances of a preliminary trade deal with China.
Stocks on Wall Street stormed to fresh record highs on Friday following upbeat remarks from two top US administration officials regarding the chances of a preliminary trade deal with China.
Amazon will appeal the Trump administration’s decision to grant a $10. 0bn defence contract for the Pentagon to rival Microsoft and has accused the government of showing “unmistakable bias”.
Stocks on Wall Street are being called to start the Friday session with small gains following upbeat remarks from a top White House official.
Analysts at Cannacord Genuity cut their target price on shares of Weir Group to reflect to reflect a now more sombre outlook for only a "modest recovery over an extended period" in the company's oil and gas operations.
Trade talks between Washington and Beijing are nearing a successful conclusion and are now ongoing on a daily basis, the White House's top economic official said.
Stocks on Wall Street finished mixed but little changed on Thursday, as market participants continued to focus on trade developments between the world's two largest economies.
Disney said late on Wednesday that over 10. 0m subscribers had signed up to its new online streaming platform in just the first day, sending shares in the entertainment giant higher.
US retail giant Walmart fell short of analysts's estimates for its total sales in the third quarter but a 41% increase in online revenues still saw the company come in ahead of earnings expectations.
Stocks opened mostly flat on Thursday as market participants continued to focus on trade developments between the world's two largest economies.
London's FTSE 100 was down 0. 3% at 7,327. 08 in afternoon trade on Thursday.
Analysts at JP Morgan reiterated their 'overweight' stance on shares of Coca-Cola Hellenic Bottling despite the bottler's recent 'miss' on third quarter volumes.
Wholesale inflation fell back by less than expected in October as energy and food prices bounced back.
US futures had stocks opening lower on Thursday as market participants continued to be mainly focussed on trade developments between the world's two largest economies.
US stocks finished mixed on Wednesday, as market participants digested Federal Reserve chairman Jerome Powell's testimony to the Joint Economic Committee of Congress.
US stocks opened lower on Wednesday as market thumbed over notes from Federal Reserve chairman Jerome Powell's testimony to the Joint Economic Committee of Congress later in the session.
The head of the Federal Reserve sounded a confident note on the economic outlook on Wednesday and appeared to signal that the central bank's monetary policy was likely set to remain at its current level for an extended period.
The cost of living in the US increased more quickly than expected last month amid rapid increases in food and energy prices, especially for the latter, but stripping out those two categories it surprised to the downside.
Tesla CEO Elon Musk announced on Tuesday that the company’s fourth Gigafactory will be built in Berlin, Germany and added that the UK was not a suitable location due to the Brexit related uncertainty.
US futures had stocks opening lower on Wednesday as market participants looked forward to an address from Federal Reserve chairman Jerome Powell later in the session.