Stock Market News Page 7

As reported by the BBC, in response to strong demand, social network Facebook has announced plans to sell 25 percent more shares than initially planned in its flotation. The decision comes one day following the company’s announcement that it would raise its share prices by 21 percent, increasing it to between $34 to $38 per share. The...

As reported by the BBC, EU shares ended higher as investor anxiety over national austerity plans after weekend election results proved to be only short-lived. Pro-bailout factions in Greece fared quite poorly, while Francois Hollande was elected France’s new president, promising to concentrate on growth rather than on austerity measures....

As reported by the BBC, the New York Dow Jones index has finished at its best level for over four years, buoyed by data showing US manufacturing stronger than expected for April. The Institute for Supply Management also announced that its manufacturing activity index went up to 54.8 in April from 53.4 in March. Figures above 50 show...

As reported by the BBC, EU shares have slightly improved from Monday's abrupt falls as investors recuperate from worsening projections of Greek economic contractions and rising Spanish bond yields. Meanwhile, Holland and Italy were forced to pay higher rates to borrow money. France's Cac40 went up by 2.3%, the UK's FTSE 100 rose 0.8%, and...

As reported by the BBC, stock markets have dropped after weak manufacturing figures and political uncertainty in the Netherlands and France hit investor confidence. German shares dropped 3.4%, French stocks fell by 2.8%, UK stocks slid down 1.9%, while Wall Street fell 0.8%. Last Sunday, President Nicolas Sarkozy lost narrowly to...

As reported by the BBC, twin brothers from the UK are facing US civil charges for supposedly swindling investors out of $1.2 million (£745,000) through a sham stock-picking robot. Thomas and Alexander Hunter, from Whitley Bay, North Tyneside, were just 16 when, in 2007, they invented the robot scheme, dubbed Marl, report US officials. The...

As reported by Market Watch, the American stock market’s recent drop may cause a full-fledged correction during the days ahead while the first-quarter earnings season goes into full swing. However, earnings may also be the vehicle for a rebound. Phil Orlando, who is chief equity market strategist for Federated Investors, says earnings...

As reported by the BBC, Myanmar is to have a new stock exchange, as Daiwa Securities and the Tokyo Stock Exchange received preliminary authorization to help establish it. A Daiwa spokesperson says it will work with Myanmar’s central bank to set up the exchange before 2015. Myanmar, formerly known as Burma, is seeking to lure more...

As reported by the BBC, US shares gained value on Wednesday after a losing streak of five sessions in row. The Dow Jones index also went up 0.7%, helped by positive results from the aluminium maker, Alcoa, which caused a 6% increase in its shares. EU markets also went higher on Wednesday, making a small recovery from Tuesday's big losses....

As reported by the BBC, Japanese stocks dropped for the seventh session in a row as new fears about the health of the global economy initiated a global sell-off. Shedding 0.8% was the Nikkei 225 index, while Australia's ASX 200 and Hong Kong's Hang Seng also dropped by 1%. Worries about the EU debt crisis and the American economic recovery...