Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
The Nikkei 225 index edged up 0.01% to close at 39,372 on Wednesday, ending almost flat after weak signals from Wall Street overnight, as investors braced for a key U.S. inflation report. Market sentiment was also affected by mixed economic data from Japan. The Reuters Tankan index turned negative in December, while the BSI manufacturing sentiment reading showed improvement in the fourth quarter. Additionally, data revealed that Japanese producer prices rose at the fastest pace in 16 months in November. Notable performances were seen by index heavyweights Kawasaki Heavy (+10.3%), IHI Corp...
European markets were slightly lower on Wednesday at the session's open, as traders awaited the latest U.S. inflation data. The pan-European Stoxx 600 index traded down 0.2% shortly after the opening bell, with most sectors in negative territory. Zara owner Inditex posted interim nine-month results, flagging that its revenues between Nov. 1 and to Dec. 9 jumped 9% from the same period of last year on a constant currency basis. The U.S consumer price index data will likely influence how the Federal Reserve proceeds on interest rates at its Dec. 17-18 meeting. Economists polled by Dow Jones...
Hong Kong shares rose 138 points, or 0.7%, to 20,447 on Wednesday morning, bouncing back from losses in the previous session as China kicks off its annual economic work meeting later in the day to discuss policy for next year. Meanwhile, the Politburo has hinted at more aggressive stimulus amid a potential trade spat with the US. Economists expect the Chinese government to set a higher budget deficit target of up to 4% of GDP, allowing for more borrowing to support the sluggish economy. However, gains were capped by weak Chinese trade data for November, highlighted by a sharp slowdown in...
The Nikkei 225 index fell 0.2% to around 39,300 on Wednesday, ending a two-day winning streak following Wall Street's overnight decline, as investors braced for a key U.S. inflation report. Market sentiment was also affected by mixed economic data out of Japan. The Reuters Tankan index turned negative in December, while the BSI manufacturing sentiment reading showed improvement in the fourth quarter. Additionally, data revealed that Japanese producer prices rose at the fastest pace in 16 months in November. Technology stocks led the decline, with significant losses from Disco (-3%),...
Asia-Pacific markets opened mostly higher on Wednesday, in contrast to Wall Street's main benchmarks that fell ahead of key inflation data that could influence the Federal Reserve's interest rate decision. South Korea reported a seasonally adjusted unemployment rate of 2.7% in November, Statistics Korea said, unchanged from the previous month China reportedly began its annual economic work conference on Wednesday to outline its economic policies and growth targets for next year. Australia's S&P/ASX 200 started the day down 0.31%. Japan's Nikkei 225 and the broad-based Topix opened...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...