Dear Friends:
Soon I'll be back with you with my selected financial daily News.
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Fernando Guzmán Cavero
Our Mission is to keep our audience with an interrupted stream of selected financial information from different serious sources, with the objective to provide online tools with information about investments in the financial markets. We supply you, with the following information: Asia Markets Closing Report, Europe Markets Closing Report, Wall Street Market Closing Report, Market News, Commodities Daily Price Report, Daily Treasury Yields Report, EU/FX Daily Report.
Jan 3, 2021
From The Desk Of Fernando Guzmán Cavero
Dear Friends:
I would like to express hereby my apologies for couldn't fulfill to be with you with my "Daily Financial News Blog" as promised by the first business day of 2021.
I do still have some few issues to work upon, that oblige me to take some more days in order to have them fixed up.
Sincerely,
Fernando Guzmán Cavero
Dec 17, 2020
From The Desk of Fernando Guzmán Cavero:
From Your Kind Attention:
I am still facing some kind of problems with my Internet provider
that unfortunately, don't have a clear idea of continue with them or move on to another company.
Is in this regard that our coming back with regular news will be postponed until the first business day of 2021.
Once again, thanks a lot for your deeply consideration.
Sincerely,
Fernando Guzmán Cavero
Nov 29, 2020
From The Desk of Fernando Guzmán Cavero.
Dear friends :
Unfortunately Some themes, pages and other features are not working correctly or in an appropriate manner. There are quite a few mistakes committed that need to be fixed. This situation puts me in a position by the time being to stay away from my work for a few more days , space of time which I hope corrections could be accomplished.
Please stay tuned:
Fernando Guzmán Cavero
Nov 22, 2020
From The Desk of Fernando Guzmán Cavero: Press Notification
Press Notification
This coming week we are making some important changes to our Financial news blog. Therefore we won't be on the air for a few days.
We hope on your understanding of the time we are taking off to evaluate and make changes in order to serve you better.
If you may consider, please let us know any suggestion through our contact form.
Please stay tuned
Fernando Guzman Cavero
Nov 19, 2020
Wall Street Closing Report: Stocks rise as Wall Street turns to tech for safety amid increasing Covid-19 cases
Fred Imbert, Jesse Pound
Stocks traded slightly higher on Thursday as traders increased their exposure to major tech names amid a rising number of coronavirus cases.
The Dow Jones Industrial Average traded 85 points higher, or 0.3%. Earlier in the day, the Dow was down more than 200 points. The S&P 500 gained 0.5% and the Nasdaq Composite advanced 0.9%.
Netflix and Amazon advanced 1% and 0.4%, respectively. Alphabet climbed 1% and Microsoft traded higher by 0.8%. Apple rose 0.4% along with Facebook.
Stocks also got a boost after Senate Minority Leader Chuck Schumer, D-NY, said Majority Leader Mitch McConnell, R-KY, had agreed to resume negotiations on new fiscal stimulus.
A CNBC analysis of Johns Hopkins University data found that the seven-day average of daily new U.S. coronavirus infections is now at 161,165, up 26% from last week. In total, more than 11.5 million coronavirus cases have been confirmed in the U.S.
“While we wait for clarity on a vaccine and additional fiscal stimulus, investors are really struggling to interpret the near-term impacts” of surging coronavirus cases, said Michael Arone, chief investment strategist at State Street Global Advisors. “What’s also been clear is technology stocks have become investors’ security blanket. When anxiety rises, they go back to the reliable growth of technology.”
The recent uptick in Covid-19 cases has prompted some parts of the country to retake stricter measures to curb the virus spread. New York City Mayor Bill de Blasio ordered schools to close for in-person learning “out of an abundance of caution.” On Thursday, the Centers for Disease Control and Prevention advised Americans against traveling for Thanksgiving due to the outbreak.
“Negative COVID headlines/increased economic lockdowns (especially in NYC and LA County) are starting to offset vaccine optimism, and that’s weighing on stocks,” wrote Tom Essaye, founder of The Sevens Report. “We are now facing the biggest number of economic restrictions since the spring, and that will weigh on economic growth and, potentially, earnings.”
Sentiment on Thursday was kept in check, however, after the release of preliminary data showed University of Oxford and AstraZeneca’s vaccine candidate triggered a similar immune response among all adults. Oxford and AstraZeneca’s data came a day after Pfizer and BioNTech said their Covid-19 vaccine candidate was 95% effective.
Stocks have ripped higher this month amid clarity following the U.S. election and the positive news on potential coronavirus vaccines. The S&P 500 has gained more than 9% in November and the small-cap Russell 2000 is up more than 15% in that time period.
“You see the market really kind of wanting to move in one direction, and then I think the vaccine news was certainly a catalyst to accelerate that a little bit. So I wouldn’t be surprised to see that trade persist for some time,” Jeff Mills, chief investment officer at Bryn Mawr Trust, said about the rotation into cyclical names.
“That being said, I do think the leadership in the market could be volatile over the next couple of months because you’re going to be battling Covid case increases and incrementally better news relative to the vaccine,” Mills continued.
European Markets Closing Report: European markets close lower as shutdown fears outweigh vaccine news
Elliot Smith,Holly Ellyatt
LONDON — European stocks closed lower Thursday as a rally prompted by positive vaccine news started to peter out amid renewed fears of shutdowns due to rising coronavirus cases.
The pan-European Stoxx 600 closed down by 0.7% provisionally, with travel and leisure stocks dropping 1.7% to lead losses as almost all sectors and major bourses slid into negative territory.
Results published Thursday on the coronavirus vaccine being developed by the University of Oxford and AstraZeneca indicated that it is safe and triggers a similar immune response among all adults. The study, published in The Lancet, failed to boost market sentiment.
Pfizer said Wednesday that final analysis had shown its vaccine was 95% effective and would be submitted to the U.S. Food and Drug Administration (FDA) for approval within days. This came as New York City announced that it was closing schools due to a rising positivity rate.
Other authorities are moving to reinstitute some of the stay-at-home orders, curfews and public safety measures, including shutting down nonessential businesses in a handful of cities. There are growing worries that if the infection spread is not contained, widespread lockdowns could be reinstated.
On Wall Street, the Dow Jones Industrial Average and S&P 500 indexes fell slightly on Thursday amid disappointing U.S. unemployment data and the rising cases. The Labor Department said that 742,000 Americans filed for unemployment benefits in the week of Nov. 14, topping a Dow Jones estimate of 710,000.
European Central Bank (ECB) President Christine Lagarde on Thursday cautioned that euro area inflation is likely to remain negative into early 2021 as fresh economic shutdowns sweep through the continent. Lagarde also warned policymakers in Brussels of the potential damage that would be caused to the bloc’s economy should they fail to implement its historic stimulus plan, after Hungary and Poland vetoed the agreement on Monday.
Corporate earnings continued to drive individual share price movement, with Royal Mail climbing more than 3% after a promising earnings report.
At the bottom of the European blue chip index, German manufacturer Kion Group dropped 7% after a capital increase, while steel giant Thyssenkrupp fell over 3% after its third-quarter results.
-CNBC.com staff contributed to this market report.
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