The U.S. economy might be getting ill again from the coronavirus. Mario Tama/Getty Images The numbers: The U.S. economy expanded again in October at a moderate pace, according to a survey of leading indicators, but growth is slowing and likely to taper off even further as the coronavirus reasserts itself. …
Read More »Metals Stocks: Gold prices decline as stocks, U.S. dollar and yields rise
Gold futures declined in Wednesday dealings, with the precious metal relinquishing some of the modest recovery from the previous session amid a trifecta of headwinds: a stronger U.S. dollar, rising stocks and higher bond yields. “Higher yields in the US are continuing to provide some support for the dollar which, …
Read More »Asia Markets: Asian markets rise as investors await results of U.S. election
A pedestrian walks past an electronic board displaying the Nikkei 225 index on the Tokyo Stock Exchange in Tokyo on Wednesday. AFP/Getty Images Asian markets were mixed in early trading Wednesday, as investors weighed the results of the U.S. presidential election. Japan’s Nikkei 225 NIK, +1.71% rose 1.9% and South …
Read More »Market Extra: Dow futures rise nearly 200 points Tuesday evening after big regular-session rally on Election Day
U.S. stock-market futures on Tuesday evening tilted higher after a big rally in the regular session and as the votes of hundreds of millions of Americans were being tallied in the crucial election between President Donald Trump and former Vice President Joe Biden. Stock investors are betting that a decisive …
Read More »Economic Report: U.K. economy records slowest GDP rise since pandemic
People walk through a crowded shopping street in Birmingham, central England on August 22, 2020. justin tallis/Agence France-Presse/Getty Images The U.K. economy grew 2.1% in August, according to data released Friday that showed the slowest monthly gain since the initial lockdowns. The gain in gross domestic product leaves the U.K. …
Read More »Asia Markets: Shares rise in Asia on hopes for U.S. stimulus as Trump leaves hospital
A general view of the Tokyo Stock Market(TSE) is pictured on October 01, 2020 in Tokyo, Japan. Yuichi Yamazaki/Getty Images Shares advanced in on Tuesday Asia after hopes for economic aid from Washington helped Wall Street recover its losses from the initial shock of learning President Donald Trump had tested …
Read More »Economic Report: U.K. retail sales rise for a fourth straight month
A shopper wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, walks in an empty Covent Garden in London on June 15, 2020 as some nonessential retailers reopen from their coronavirus shutdown. tolga akmen/Agence France-Presse/Getty Images U.K. retail sales logged a fourth …
Read More »Europe Markets: European stocks and Dow futures rise as U.S. and China report positive trade talks
In this July 31, 2019, file photo U.S. Trade Representative Robert Lighthizer, center, gestures as he chats with Chinese Vice Premier Liu He, at right with Treasury Secretary Steven Mnuchin, left, looking on after posing for a family photo at the Xijiao Conference Center in Shanghai. U.S. and Chinese trade …
Read More »Home Sales on the Rise as Rates Continue to Decline
Interest rates declined for the sixth consecutive month to 3.40% in June, according to the latest Ellie Mae Insight Report. Rates for 30-year fixed-rate conventional loans and FHA loans dropped to 3.40%, and rates on VA loans dropped to 3.20%. New purchase loans now make up 42% of all closed …
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