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Stocks on track for second week in a row after stress test
... half, airlines, cruises, casinos and hotels boosted hopes of a big jump in international travel and spending. A 2.6% gain in Spirit Airlines led to gains among air carriers, while Melco Resorts rose 10.3% to lead the rise in the casino sector. The Shanghai Disney Resort will reopen the Disneyland theme park on June 30 after being shut for more than three months, according to shares of Walt Disney Inc. The S&P 500 and the Nasdaq are poised to make losses in June and are on course to log two straight ...
Updated: 06/28/2022
Travel and leisure stocks prop up Wall Street
... the gainers in premarket trading, boosted hopes of a big jump in international travel and spending. After being shut for more than three months, Walt Disney Inc.'s shares rose 2.5% to the top of the Dow Jones Industrial Average, after the company's Shanghai Disney Resort said it would reopen the Disneyland theme park on June 30. Spirit Airlines and American Airlines Group Inc . were the biggest gainers in the sector, rising 4% and 2% respectively. Melco Resorts jumped 10% and led the rise in the ...
Updated: 06/28/2022
Volkswagen CEO sees strong second half of 2022, sees progress on Tesla
... market leader by 2025 if it takes advantage of the moment while the US electric car maker burns cash on large investments. Elon Musk has to ramp up two highly complex factories in Austin and Gruenheide at the same time, as well as expand production in Shanghai. That's going to take strength out of him, Diess said.
Updated: 06/28/2022
Sensex, Nifty end higher after early lows, Sensex rebounds 16 points
... rose 433 points to 53,161 and Nifty gained 132 points to 15,832 L&T, HCL Tech , Infosys and Tech Mahindra , as well as rising to 2.99 per cent. Kotak Bank, RIL and Titan were the only Sensex losers, falling up to 0.45 per cent. Markets in Tokyo, Shanghai, Seoul and Hong Kong bounced back in Asia after initial decline and ended up with gains. European markets were trading in the green in mid-session deals. The US markets ended up being a bit less than they were on Monday. The international oil ...
Updated: 06/28/2022
After China eases Covid lockdown, Chinese stocks rally
... most since 2014 this quarter. Governor Yi Gang said in a rare interview with a state broadcaster, the People's Bank of China pledged to keep monetary policy supportive to aid the economy's recovery. The advance was fueled by the ease of lockdowns in Shanghai and Beijing. And with inflation just over 2% in China, the People's Bank of the US is in a sweet spot that allows authorities to focus on policy bolstering. Jane Foley , a strategist at Rabobank in London, said this news suggests that the authorities ...
Updated: 06/28/2022
Stocks in Asia up after China halve quarantine
... economy to recover, Bank of America said in a note quoted by the Reuters news agency. The path to mending is likely to be bumpy in the coming months, given soft domestic demand and lingering COVID uncertainties, according to Bank of America . China's Shanghai Composite gained 30.02 points or 0.89 percent to close Tuesday at 27,049. The Hang Seng win in Hong Kong was trading ahead 180 points at the time of writing. The Australian All Ordinaries rose by 59.80 points or 0.87 percent to 6,953. China ...
Updated: 06/28/2022
US stocks edge higher ahead of economic data
..., of IG , said that the U.S. consumer confidence data is on the agenda in a week with few other major economic releases, leading some investors to adopt a wait and see stance. In Tokyo, Seoul and Sydney, benchmarks went up but fell in Hong Kong and Shanghai. Tokyo's Nikkei 225 index increased by 0.3% to 26,959. The Kospi in Seoul rose 0.3% to 2,408 on 17 September, while the Kospi went up 0.3%, to 2,408. Hong Kong's Hang Seng index lost 0.9% to 22,033. The Shanghai Composite Index, 62 and the Shanghai ...
Updated: 06/28/2022
China reduces COVID-19 quarantine period to 7 days
... of the COVID 19 prevention and control guidelines released by the Joint Prevention and Control Mechanism. People who are close to COVID close contacts will be subject to seven days of isolation at home rather than centralized quarantine. ALSO READ: Shanghai Disneyland to reopen after COVID-induced closure. The document also refined nucleic acid testing strategies for high-risk groups and designation rules for areas that are deemed to be at risk of the novel coronaviruses spread. COVID 19 antigen ...
Updated: 06/28/2022
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