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 inched higher Thursday afternoon as investors focused on earnings and economic data amid weak global market sentiment. The pan-European Stoxx 600 was up 0.08% by 3:30 p.m. London time, as sectors and major bourses diverged. Insurance stocks led gains, up 1.07%, while retail dipped 0.37%. Shares of British sports retailer JD Sports fell more than 16% after it warned that its annual profits would come in at the lower end of its guidance following a difficult October and subdued consumer spending. Market sentiment was knocked overnight as investors parsed the all-important...
Stocks rose Thursday as investors bought the dip in Nvidia shares that followed its earnings Wednesday night. The Dow Jones Industrial Average rose 113 points, or 0.3%. The S&P 500 climbed 0.4%, and the Nasdaq Composite also advanced 0.4%. Nvidia reported better-than-expected third-quarter results and issued strong guidance Wednesday after the bell. But shares of the AI-chip juggernaut, which are already up more than 190% this year, initially fell in response during the premarket. Some traders cited the chipmaker's slowing revenue growth from previous quarters as cause for concern. Or...
Europe's main stock indexes fell on Thursday, as sluggish market sentiment with geopolitical tensions boosting some safe-haven demand, while chip stocks were the biggest drag after sector forecaster Nvidia forecast disappointing earnings. The pan-European STOXX 600 index edged down 0.1%, as of 0820 GMT, heading for a fifth straight session of losses amid uncertainty over the escalating Ukraine-Russia conflict and the possible domestic fallout from a U.S. President Donald Trump victory Safe-haven bids for gold and the Swiss franc rose, while the dollar weakened on anticipation of more...
In Tokyo, the Nikkei 225 Index decreased 282 points or 0.74 percent on Thursday. Losses were driven by IHI (-3.83%), Mitsui Engineering & Shipbuilding (-3.59%) and East Japan Railway (-3.52%). Biggest rises came from Tokyo Gas (4.96%), M3 (4.40%) and Taiheiyo Cement (4.16%). Source: trading Economics
Hong Kong's shares increased 37 points or 0.2% to 19,735 on Thursday, marking the second session of gains amid strength mainly from the consumer sector. Investors considered remarks from Fed Boston President Susan Collins, who stated that additional interest-rate cuts are necessary, but policymakers should move neither too quickly nor too slowly. At the same time, traders monitored Trump's administration picks, particularly his choice for the Treasury secretary role. In China, stock markets were muted after the PBoC Wednesday held its key lending rates steady at record lows to help the...
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,...