Tech Down As Treasury Yields Rise -- Tech Roundup marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
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Aug 4, 2021 8:41 PM UTC Shares of energy companies fell alongside oil futures after a surprising rebound in U.S. stockpiles suggested the summer surge in demand may be easing. Oil futures slipped below $70 a barrel for the first time in two weeks after the Energy Information Administration said U.S. crude inventories rose by 3.6 million barrels in the week ended July 30. The oil rally has wavered in recent weeks amid fears that the Delta variant will slow economic reopening. These worries may be overdone as reopening trends look set to hold, supporting oil prices, said strategists at money manager UBS Global Wealth Management, in a note to clients.
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Jul 28, 2021 9:05 PM UTC Shares of banks and other financial institutions were more or less flat after strong earnings from European banks and a balanced statement from the Federal Reserve. Treasury yields ticked up after the Fed statement, suggesting investors expect the central bank to begin a gradual tapering of asset purchases by the end of the year. Barclays shares rose, bringing its one-year gains to roughly 70% after the British bank posted a manifold increase in second-quarter earnings to $2.92 billion. The results were an apparent vindication of Chief Executive Jes Staley s strategy of doubling down on investment-banking operations rather than exiting the volatile business as some investors had advocated.
New Commercial Arts opens Glasgow office with focus on customer experience campaignlive.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from campaignlive.co.uk Daily Mail and Mail on Sunday newspapers.
Consumer Cos Down As Traders Hedge On Inflation View -- Consumer Roundup marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.