If it just seems like the first Friday of the month wasn't the same without being able to pore through the Bureau of Labor Statistics' hotly watched monthly jobs report, don't worry. You probably didn't miss much. While the BLS has gone dark with the shutdown in Washington, other reports outside the government data suggest the labor market just plodded along in September. The Dow Jones consensus forecast was for growth of 51,000 in nonfarm payrolls with the unemployment rate holding steady at 4.3%. High-frequency data that includes job postings, private payrolls and state-by-state figures...
European stocks have opened higher as a bit of political calm enters the market. The Stoxx 600 Index was up 0.6% in its third session of straight gains. Retailers led the rally as Inditex shares jumped after the Zara-owner said it has seen a strong start to the third quarter. Technology shares were also notable outperformers, with the sector getting a boost from a bullish outlook from US peer Oracle. Chipmaker TSMC also reported a 34% in August sales, adding to optimism that AI is set to be a big growth area for the industry. Meanwhile, France's CAC 40 index climbed 0.6% as President...
Japanese shares rose on Wednesday, tracking Wall Street gains, as traders bet U.S. labor market weakness would prompt a Federal Reserve rate cut next week. The Nikkei 225 rose 0.87%, or 378.38 points, to end at 43,837.67. Traders see a Fed rate cut next Wednesday as certain, with 7% odds on a half-point move, CME's FedWatch Tool showed. A week ago, markets still saw a chance of no cut, but weak payrolls shifted expectations. Producer and consumer inflation data this week are the final tests. In economic data, Japanese manufacturers' sentiment hit a three-year high in September, lifted by...
The Hang Seng Index opened higher today, gaining 104 points to reach 26,042, before extending its rise by 227 points, or 0.87%, to settle at 26,165. This marks the index's fourth consecutive day of increases. The Hang Seng China Enterprises Index also rose by 80 points, or 0.87%, to 9,323, while the Technology Index climbed by 105 points, or 1.8%, to 5,933. Trading volume on the main board reached HK$73.7 billion. In the technology sector, stocks showed mixed results. Tencent rose by 1.5%, Alibaba experienced a significant gain of 3.5%, and Meituan increased by 2.1%. However, Xiaomi Group...
Japanese shares rose on expectations of expansionary fiscal policies even as the country's ruling party is set to hold a leadership contest and find a replacement for outgoing Prime Minister Shigeru Ishiba. Sentiment was also upbeat after Wall Street's gains on hopes the Federal Reserve will cut interest rates to curb a jobs downturn. The Topix Index rose 0.1% to 3,126.18 as of 9:15 a.m. Tokyo time The Nikkei advanced 0.4% to 43,646.92 SoftBank Group Corp. contributed the most to the Topix Index gain, increasing 6.8%. Out of 1,676 stocks in the index,...
Asia-Pacific markets opened mostly higher Wednesday ahead of key August inflation data from China. The mainland's August consumer price index is expected to fall 0.2% from the previous year, according to economists polled by Reuters, and compares with July's flat reading. Meanwhile, the producer price index is expected to fall 2.9% year on year, improving from the 3.6% drop in July. Japan's Nikkei 225 benchmark opened 0.2% higher, while the Topix index was flat. Over in Australia, the S&P/ASX 200 opened flat. Hong Kong's Hang Seng Index was set to open higher, with the futures...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
The U.S. government shut down much of its operations on Wednesday as deep partisan divisions prevented Congress and the White House from reaching a funding deal, setting off what could be a long,...