Asian Markets In Positive Territory

Asian Markets In Positive Territory
Asian stock markets are in positive territory on Wednesday, with some of the markets recording gains of more than 1 percent, as upbeat U.S. corporate earnings results and strong economic data helped offset worries about trade tensions and rising interest rates. The Australian market is extending gains from the previous session. Gains by banks and oil stocks helped offset weakness... Read More

Stocks May See Initial Strength On Upbeat Earnings News – U.S. Commentary

Stocks May See Initial Strength On Upbeat Earnings News – U.S. Commentary
After ending yesterday’s trading mostly lower, stocks are likely to show a significant move back to the upside at the start of trading on Tuesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 217 points. Early buying interest may be generated in reaction to upbeat earnings news from... Read More

European Shares Set To Open On Mixed Note

European Shares Set To Open On Mixed Note
European stocks may open on a mixed note Tuesday amid Brexit uncertainty and escalating tensions between Saudi Arabia and the West. The British pound suffered further falls as investors braced themselves for a “no deal Brexit.” A no-deal Brexit is “more likely than ever before,” European Council President Donald Tusk warned in a letter to EU leaders Monday, but he... Read More

Asian Markets Mostly Higher With Modest Gains

Asian Markets Mostly Higher With Modest Gains
Asian stock markets are mostly higher on Tuesday with markets attempting a rebound after recording losses in the previous session, despite the weak cues overnight from Wall Street and as investors shift focus to upcoming corporate earnings results. Nevertheless, gains are modest in most markets amid worries about higher oil prices following rising tensions between Saudi Arabia and the West... Read More

Krystal Bio Shines, CGC Hits Lifetime High, ANIX On Watch, CRON Gathers Steam

Krystal Bio Shines, CGC Hits Lifetime High, ANIX On Watch, CRON Gathers Steam
The following are some of today’s top gainers in the pharma/biotech sector. 1. Krystal Biotech Inc. (KRYS) Gained 27.55% to close Monday’s (Oct.15) trading at $20.00. News: The Company announced positive interim results from its ongoing placebo-controlled phase I/II clinical trial of KB103 to treat dystrophic epidermolysis bullosa, or DEB. DEB is an incurable, often fatal skin blistering condition caused... Read More

Stocks Fluctuate Before Closing Mostly Lower – U.S. Commentary

Stocks Fluctuate Before Closing Mostly Lower – U.S. Commentary
Stocks fluctuated over the course of the trading session on Monday following the rebound seen last Friday. After recovering from an early move to the downside, the major averages spent the day bouncing back and forth across the unchanged line. The major averages ended the day firmly in negative territory. The Dow fell 89.44 points or 0.4 percent to 25,250.55,... Read More

U.S. shale oil output forecast to climb by 98,000 barrels a day in November: EIA

U.S. shale oil output forecast to climb by 98,000 barrels a day in November: EIA
By Markets/commodities reporter Crude-oil production from seven major U.S. shale plays is expected to see a climb of 98,000 barrels a day in November to 7.714 million barrels a day, according to a report from the Energy Information Administration released Monday. Oil output from the Permian Basin, which covers parts of western Texas and southeastern New Mexico, is expected to... Read More

Stocks Regain Ground After Early Move To The Downside – U.S. Commentary

Stocks Regain Ground After Early Move To The Downside – U.S. Commentary
After an early move to the downside, stocks have regained ground over the course of the trading session on Monday. The major averages have climbed well off their worst levels of the day. Currently, the major averages are turning in a mixed performance. While the Dow is up 5.89 points or less than a tenth of a percent at 25,345.88,... Read More

Stocks Move Mostly Lower In Morning Trading – U.S. Commentary

Stocks Move Mostly Lower In Morning Trading – U.S. Commentary
Stocks have moved mostly lower in morning trading on Monday, partly offsetting the rebound seen last Friday. The major averages have all moved to the downside, although selling pressure has remained somewhat subdued. Currently, the major averages are all in negative territory, although the Dow is down just 22.39 points or 0.1 percent at 25,317.60. The Nasdaq is down 72.83... Read More

U.S. Retail Sales Growth Falls Well Short Of Estimates In September

U.S. Retail Sales Growth Falls Well Short Of Estimates In September
Retail sales in the U.S. crept up by much less than expected in the month of September, according to a report released by the Commerce Department on Monday. The Commerce Department said retail sales inched up by 0.1 percent in September, matching the uptick seen in August. Economists had expected retail sales to climb by 0.5 percent. The uptick in... Read More