FINTEXA TRADE LIMITED News Channel

Messages in this channel will be automatically deleted after 1 day

U.S. stocks look for direction as new China lockdowns spark growth fears U.S. stocks were struggling for direction after new Covid-19 lockdowns in China 🇨🇳 brought back fears of a global growth slowdown. At 10:28 ET (15:28 GMT), the Dow Jones Industrial Average 📉 fell 86 points or 0.3%, while the S&P 500 fell 0.6% and NASDAQ Composite was down 0.9%. China is locking down a major transportation hub in a district of G…

Cathay Pacific expects annual loss despite second-half improvement Hong Kong's 🇭🇰 Cathay Pacific Airways (OTC:CPCAY) Ltd on Friday forecast a "substantial" annual loss even though second-half results are expected to improve sequentially thanks to an uptick in travel and air cargo demand. The airline carried over five times more passengers in October than last year, although the figure was 85.4% lower than 😷 pre-pand…

Crude oil lower; geopolitical tensions ease, China COVID cases rise Oil prices 🛢 weakened again Thursday as geopolitical tensions in eastern Europe eased while rising numbers of COVID-19 cases in China risked hitting economic activity in the world's largest crude importer. By 10:00 ET (15:00 GMT), U.S. crude futures traded 2.3% lower 📉 at $83.61 a barrel, while the Brent contract fell 1.4% to $91.55, testing three-w…

Global stocks rise and dollar falls, with focus on Fed and China Global stocks ticked higher and the dollar slipped on Tuesday as a fall in U.S. inflation and an improving outlook for 🇨🇳 China's economy continued to cheer investors. Equities and bonds rallied dramatically 📈 around the world last week after data showed that U.S. inflation slowed down by more than expected in October. The figures raised hopes that the…

European shares open higher on boost from miners European shares 🇪🇺 edged higher on Monday, as miners rose on China 🇨🇳 demand hopes, while caution prevailed after a top Federal Reserve policymaker warned that the U.S. central bank would not "soften" its fight against inflation. The pan-European STOXX 600 index was up 📈 0.1% by 0811 GMT, after recording its biggest weekly gain in nearly eight months on Friday. The b…

European stocks higher; buoyant tone despite U.K. GDP fall European stock markets 🇪🇺 traded higher Friday, continuing the positive tone generated by the softer-than-expected U.S. inflation, even as growth data pointed to the U.K. entering a recession. At 03:50 ET (08:50 GMT), the DAX index in Germany traded 0.6% higher📈, CAC 40 in France rose 1.1% and the FTSE 100 in the U.K. climbed 0.3%. Economic data released Fr…

Shares dip, dollar holds steady ahead of U.S. inflation data Share markets edged down 📉 on Thursday and the dollar held onto overnight gains before U.S. inflation data that will influence the Federal Reserve's rate plans, while the likely collapse of a major crypto exchange rattled investors. Europe's STOXX 600 index fell 0.4%, and Asia's broadest index of shares outside Japan 🇯🇵 dipped by a similar amount, as trade…

World markets await midterm vote tallies Investors are expecting Republican gains in U.S 🇺🇸. midterm elections, a result that could ease worries about Democratic spending and regulation but set up a bruising fight over raising the U.S. debt ceiling next year. Control of Congress was still up for grabs early on Wednesday, with many of the most competitive races uncalled, leaving it unclear whether Republicans would c…

ConocoPhillips boosts investor returns after bumper oil and gas profit ConocoPhillips posted an 87.5% surge in 3️⃣ third-quarter profit that topped Wall Street expectation on Thursday, extending a string of bumper earnings from oil producers benefiting from higher energy prices, and raised its share repurchase plan to $45 billion. The shale producer's larger U.S. rivals 🛢 Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX…

World stocks at 5-week high, earnings in the spotlight World stocks 🌐 scaled a five-week high on Wednesday, lifted by growing hopes that the pace of U.S. interest rate hikes could soon start to slow. Wall Street stocks futures fell, pointing to a weak open later on, after Google-owner Alphabet (NASDAQ:GOOGL) posted softer-than-expected ad sales after Tuesday's close and Microsoft (NASDAQ:MSFT) missed expected revenu…

Upbeat earnings lift European stocks European stocks rose on Tuesday after a slew of better-than-expected earnings reports helped offset worries about fast rising interest rates and a slowing 🇪🇺 euro zone economy. The pan-European STOXX 600 index 📈 rose 0.5% by 0717 GMT, with media and technology stocks countering losses in chemical firms. SAP gained 3.9% after the 🇩🇪 German business software maker reported faster-…