Market news

Show news:


08.11.2019 05:34

Major US stock indices closed in positive territory

Major US stocks rose slightly amid conflicting reports on US-China trade relations. The focus was also on the new block of strong quarterly reporting of the corporate segment.

China's Commerce Department said Thursday that Beijing agreed with Washington to phase out existing trade tariffs between the two countries in order to reach the so-called “first phase” trade agreement. In addition, China's Xinhua State News Agency reported that Beijing is also considering lifting restrictions on poultry imports. Then Fox news reported that the US and China want to conclude the first stage of the deal on paper by the end of next week. However, Reuters, citing a source in the White House, reported that the White House plan to reduce tariffs for China is facing stiff internal opposition; and the final decision has not yet been made

Qualcomm (QCOM) reported quarterly earnings of $ 0.78 per share, up $ 0.07 per share from analysts. The company's revenue also exceeded forecasts. Qualcomm’s results were backed up by licensing operations, primarily through Apple’s licensing agreement (AAPL). QCOM shares jumped 6.3%.

Both Baidu (BIDU )’s third-quarter earnings and revenues surpassed Wall Street’s expectations, mainly due to an increase in its subscription to its iQiyi (IQ) video streaming service. BIDU shares soared 13.5%.

Investors also studied the Department of Labor report, which showed that initial US unemployment benefits fell more than expected in the week ending November 2. According to the report, the number of initial applications for unemployment benefits fell to 211,000, which is 8,000 less than the revised level of the previous week at 219,000 people. Economists had expected the number of applications to drop to 215,000 from the 218,000 reported earlier the previous week. The number of requests indicates good conditions in the labor market. In October, employment grew faster than expected, with the addition of 128,000 jobs, despite the General Motors strike striking down 46,000 workers at automakers in Michigan and Kentucky.

Most of the DOW components completed trading in positive territory (22 of 30). The biggest gainers were Dow Inc. (DOW; + 2.80%). Outsiders were shares of Pfizer Inc. (PFE; -1.86%).

Most S&P sectors recorded an increase. The base materials sector grew the most (+ 1.0%). The largest decline was shown by the utilities sector (-1.1%).

At the time of closing:

Dow 27,674.80 +182.24 +0.66%

S&P 500 3,085.18 +8.40 +0.27%

Nasdaq 100 8,434.52 +23.89 +0.28%


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

January 2020
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00