The United Kingdom’s ILO Unemployment Rate remained unchanged at 4.9% in the three months to May, according to data published by the Office for National Statistics (ONS) on Tuesday.The latest reading matched the previous figure of 4.9%.However, it came in below the market consensus of 5.0%.The data showed that the…
General Motors stock has retreated in recent days, falling from its year-to-date high of $87 in February to about $76 today. The pullback could continue in the near term after the stock formed a bearish double-top pattern ahead of its second-quarter earnings report.General Motors to publish earnings on July 21GM…
Intel, one of the best-performing stocks in the S&P 500 Index this year, has lost momentum in recent weeks. The stock has fallen 32% from its year-to-date high and is hovering near its lowest level since May. That weakness will face a crucial test later this week when the chipmaker…
ServiceNow stock has dropped and underperformed the market this year as demand for software companies waned. NOW has dropped by 32% this year and 46% in the last 12 months, erasing billions of dollars in value. Investors are now focusing on its earnings for more cues on how it is…
MarketAxess stock has been in a steep decline this year and is now hovering near its lowest level in more than a decade. Shares were trading at $114.24 on Monday, down 81% from their all-time high, wiping out much of the company’s value as its market capitalization plunged from more…
Brent crude oil price has struggled to break above the key resistance level at $90, even as geopolitical tensions in the Middle East continue to escalate. It was trading at $88.50 on Tuesday, a few dollars below its intraday high on Monday. This raises an important question: Is the oil…
Aston Martin Lagonda’s share price remains under pressure this week, hovering at its lowest level since March. AML shares have plunged 44% this year and are down 94% over the past five years. The stock’s decline could continue as the company grapples with persistent losses and mounting pressure on its…
The Kospi Index retreated by over 4% today, July 20, as concerns on the technology sector coincided with the ongoing US-Iran war. It slumped to 6,525 points, down substantially from the year-to-date high of 9,387. Still, despite this weakness, Barclays and UBS analysts believe that top semiconductor stocks have an…
Asian stocks opened lower on Monday as Brent crude climbed above $90 a barrel, reviving inflation fears just as investors prepared for a defining week of technology earnings.MSCI’s Asia-Pacific gauge outside Japan slipped 0.3%, while South Korea’s chip-heavy Kospi fell another 4.2% after losing almost 9% last week. Chinese blue…
The Hang Seng Index jumped more than 2% on Monday, making it the best-performing major benchmark in Asia as investors bet on fresh Chinese stimulus following a string of weak economic data. The index climbed to 25,103, its highest level since June 5.Hang Seng Index jumps on stimulus hopesHong Kong…