IPC Mexico Stock Market

Mexico’s IPC lost 117 points or 0.3% to 45,151 on Wednesday, following a rally triggered by accelerating vaccine rollouts. On Wednesday, Moody’s revised its 2021 GDP growth forecast for Mexico to 5.5%, slightly higher than the federal government’s 5% target announced earlier in the week, as better than expected economic data continues to be observed. … Read more

Italy Stock Market (FTSE MIB)

The FTSE MIB closed 159 points or 0.7% higher at 23,098 on Wednesday after a bumpy session and in line with its European peers, as concerns over rising bond yields were eased by yesterday’s dovish remarks from Fed Chair Powell. Meanwhile, shares of Telecom Italia jumped 9.2% on better than expected Q4 results and improved … Read more

Canada S&P/TSX Toronto Stock Market Index

Canadian shares rebounded sharply on Wednesday, with the benchmark S&P/TSX finishing at record closing levels as investors continued to bet on a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending. The heavyweight energy sector surged, and the financial sectors benefitted from upbeat earnings from the National Bank of Canada … Read more

Spain Stock Market (IBEX 35)

The IBEX 35 rose 0.2% to close at 8,269 on Wednesday, its highest level since January 14th, driven by gains in IAG shares as UK announced its end-to-lockdown plan. At the same time, Spain’s Prime Minister Pedro Sanchez pledged today an additional 11 billion euro package for companies and self-employed to help them cope with … Read more

South Africa Stock Market

The FTSE/JSE All Share Index in South Africa closed 0.4% higher at 66,201 on Wednesday, lifted by financials and retailers after the South African Finance Minister revised downwards its budget deficit and debt forecasts for the 2020/21 fiscal year and projected a smaller contraction in 2020 than what it previously estimated in October. Mboweni disclosed … Read more

Germany DAX 30 Stock Market Index

European stock markets closed higher on Wednesday, with Frankfurt’s Dax up almost 1% to 14,000 after Fed Chair Powell reiterated a commitment to the accommodative policy stance during his semiannual testimony before Congress. Sentiment was also lifted after latest data showed the German economy expanded 0.3% in Q4, much better than initial estimates of a … Read more

China Shanghai Composite Stock Market Index

The Shanghai Composite dropped 72.28 points or 1.99% to 3564.08 on Wednesday, extending declines for a third consecutive session as escalating worries over policy tightening in China continued to weigh on sectors with almost record-high valuations. Further denting sentiment, Hong Kong’s government increased its stamp duty on equity transactions to 0.13% from 0.1% on the … Read more

Dow Jones Industrial Average

Stock futures in the US traded slightly higher on Wednesday, attempting to recover from early losses as investors digest dovish comments from Fed Chair, high Treasury yields and expectations of stronger inflation. During his semimanual testimony to Congress, Fed Chair Powell reinforced the Fed is committed to current policy stance as the economic recovery remains … Read more

UK FTSE 100 Stock Market Index

The FTSE 100 fell more than 0.5% on Wednesday while the British pound reached a fresh near 3-year high of 1.42 against the dollar, with financial and healthcare stocks such as HSBC Holdings, AstraZeneca, and GlaxoSmithKline the main laggards. Metro Bank was also down after announced a bigger-than-expected annual loss. On the other hand, Lloyds … Read more