European markets open to close, Bank of England and Swiss central bank interest rate decisions

US stocks opened mixed US stocks opened mixed Thursday after the Federal Reserve’s decision on Wednesday to implement it The third consecutive rise in the interest rate of 0.75%. The Dow Jones Industrial Average and the S&P 500 were hovering around the flat line in early trades, while the Nasdaq was down 0.2%. Karen Gilchrist … Read more

Semiconductor alliances between the United States and Asia can hold back China

Analysts told CNBC that leading chip makers, including the United States, are forming alliances, in part to secure the semiconductor supply chain and prevent China from being up-to-date. Places like the United States, South Korea, Japan and Taiwan, which have strong semiconductor industries, have sought partnerships around biotechnology. “The direct cause of all of this … Read more

Federal Reserve hike, Bank of Japan, interest rates, currencies

Oil prices rise after Fed raises rates, demand concerns remain Oil prices rose after the third consecutive rate hike by the Federal Reserve. Reuters also I mentioned Chinese refineries They expect the country to release up to 15 million tons of oil product export quotas for the rest of the year, citing people familiar with … Read more

European stocks open to close; Markets brace for more Fed rate action

Rheinmetall rises 9.7% German arms manufacturer Rheinmetall It continued its bullish run on Wednesday afternoon, rising 9.7% to reach the top of the Stoxx 600. This follows news on Monday that the German Armed Forces have contracted the company to purchase a total of 48 fuel tank trucks for use at several German Army and … Read more

European markets open for closing, earnings, data and news

Fortum shares soar 9.5% ahead of Uniper deal Fortum Shares rose 9.5% in afternoon trading on Tuesday on news that the German government was closing a deal to nationalize the gas giant. Uniper. Germany is considering buying Finnish energy company Fortum’s controlling stake in Uniper, details are expected to be announced on Wednesday. Karen Gilchrist … Read more

Exclusive: Biden hits China with broader restrictions on exports of US chips and gadgets

By Karen Freifeld and Alexandra Alber WASHINGTON (Reuters) – Next month the Biden administration plans to expand restrictions on U.S. shipments to China of semiconductors used in artificial intelligence and chipmaking tools, several people familiar with the matter said. The Commerce Department intends to publish new regulations based on the restrictions sent in letters earlier … Read more

European markets open for closing, data, earnings and news

US stocks open slightly higher US stocks moved slightly higher on Wednesday morning despite growing concern about the outlook Another big rate hike from the Federal Reserve. The Dow Jones Industrial Average rose 0.4% while the S&P 500 gained 0.5%. The Nasdaq also gained 0.8% in early trading. Karen Gilchrist Stocks on the go: Verbund … Read more