Yesterday the Institute for Supply Management’s manufacturing index spiked to its highest level in more than two years as new orders surged. That was a big improvement from the previous month, when coronavirus safety measures delayed work and kept employees at home.
First, even if you don’t trade currencies (and most people don’t), they can have a big influence on the stock market. Moves in the foreign-exchange markets impact companies operating outside the U.S. They can also move commodity prices and related stocks.
Ever heard of Pinduoduo? GSX Techedu, or Bilibili? They’re among a handful of technology stocks breaking out to new highs as investors embrace China’s flourishing digital economy.
According to the Australian Trade and Investment Commission, the Asian region accounted for 62% of Australia’s two-way trade last year.
As governments and the private sector shift focus on the medicinal benefits of cannabis-derived drugs, many cannabis companies expect more favourable legal changes, which may ultimately provide a further boost to the industry.
The company was established by CEO Ari Emanuel in 1995, and
since then the company has made dozens of acquisitions, including merging with William
Morris Agency (WMA) in 2009 and acquiring IMG in 2014 to form this global
leading entertainment agency Endeavor.
The SPDR Utilities ETF (XLU) is up 2.5 percent in the last week, while the broader S&P 500 is down almost 2 percent. Aside from real-estate investment trusts, utilities are the only major sector with a positive return over that time frame.