Market Pulse - Usa
US close: Major indices put on mixed performance as Biden renominates Powell for Fed head
Wall Street stocks turned in a mixed performance on Monday as market participants digested news that Joe Biden had renominated Jerome Powell as the head of the Central Bank.
Trial results show 100% efficacy of Pfizer-BioNTech Covid-19 vaccine in people ages 12 to 15
Full results from the clinical trial evaluating the efficacy and safety of the vaccine against Covid-19 developed by Pfizer and BioNTech in adolescents showed that it was 100% effective with no serious safety concerns.
US existing home sales grow in October
US existing home sales rose unexpectedly in October to their highest level since the beginning of 2021, indicating healthy demand was still present as a heightened level of buyers looked to take advantage of strong job growth and low mortgage rates.
US open: Stocks trade higher following Powell's reappointment
Wall Street stocks were in the green early on Monday as market participants prepared for the Thanksgiving holiday-shortened week.
BoA downgrades Hochschild Mining to 'underperform' after Peru announces plans to close two mines
Analysts at Bank of America downgraded their recommendation for shares of Hochschild Mining from 'buy' to 'underperform', marking down their target price from 280. 0p to 90. 0p in the process.
US pre-open: Futures in the green as investors prep for holiday-shortened week
Wall Street futures were in the green ahead of the bell on Monday as market participants prepared for the Thanksgiving holiday-shortened week.
Rouble weakens as US intel shows plans for potential Ukraine invasion
The rouble was under pressure again at the start of the week following reports detailing Russian troop and artillery movements which some fear could presage a large-scale push into Ukraine.