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...
The Shanghai Composite fell 0.11% to close at 3,264 while the Shenzhen Component lost 0.17% to 10,421 on Monday, hitting their lowest levels in over a month as the People's Bank of China decided to keep its one-year medium-term lending facility rate unchanged at 2%, offering no new catalyst for the market. Last week, Chinese stocks faced pressure due to growing concerns over the economy and skepticism about the effectiveness of stimulus measures. Additionally, downward earnings revisions from major Chinese companies dampened investor sentiment, while markets braced for the potential impact...
European equity markets were poised for a higher open on Monday, extending gains for a third consecutive session amid improving market sentiment. The rally followed US President-elect Donald Trump's nomination of hedge fund manager Scott Bessent as Treasury Secretary, which helped reduce market uncertainty. In Europe, investors are set to assess Germany's Ifo Business Climate Index for November, which will provide insights into economic conditions. On the corporate front, UniCredit has proposed acquiring domestic rival Banco BPM for approximately 10 billion euros, potentially creating...
The Nikkei 225 Index jumped 1.3% to close at 38,780 while the broader Topix Index gained 0.71% to 2,716 on Monday, with Japanese shares rising for the second straight session after coming under pressure over the past two weeks. Local shares also mirrored gains in US futures, as President-elect Donald Trump nominated hedge fund manager Scott Bessent for Treasury Secretary, removing a source of uncertainty for markets. Looking ahead, investors are focused on Tokyo's inflation figures, due for release this week, as they are seen as a leading indicator of nationwide price trends. Technology...
Hong Kong stocks rose 21 points, or 0.12%, to 19,258 on Monday morning (11/25) after falling in the previous two sessions, mainly supported by gains in the financial sector. The market is trying to recover from a near two-month low after China's central bank kept the interest rate on its one-year medium-term lending facility unchanged at 2% for a second straight month following a record 30bps cut in September. Meanwhile, U.S. stock futures jumped as concerns over Donald Trump's impact on other countries' economies eased after the president-elect named Scott Bessent as Finance Minister....
The Nikkei 225 jumped 1.5% to above 38,800 while the broader Topix index gained 0.9% to 2,720 on Monday, with Japanese shares rising for a second straight session after suffering losses over the past two weeks. Local shares also mirrored Wall Street's gains, as strong U.S. economic data and optimism over the election outcome continued to support equities. Looking ahead, investors are focused on Tokyo's inflation figures, due later this week, as they are seen as a leading indicator of national price trends. Technology stocks led the rally, with significant gains from Lasertec (+3.2%), Tokyo...
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,...