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 closed sharply lower on Thursday, tracking declines in major equity markets amid concerns about rising global interest rates and new trade barriers with the United States. The Eurozone STOXX 50 fell 0.6% to 5,435, and the pan-European STOXX 600 fell 0.7% to 550. European yields rose sharply after strong US economic data dampened speculation of two more Federal Reserve rate cuts this year, pressuring credit-sensitive sectors, with Ferrari, Adidas, Stellantis, and Saint-Gobain all down more than 2%. Meanwhile, shares of biotechnology companies plunged after US authorities...
Stocks fell again on Thursday, bogged down by a further pullback in Oracle and Nvidia, as well as a jump in rates. The S&P 500 dropped 0.6%, while the Nasdaq Composite lost 0.9%. The Dow Jones Industrial Average shed 116 points, or 0.3%. Oracle and Nvidia saw more losses in the premarket, sliding nearly 4% and 1%, respectively. The two were on track to fall for a third straight day as questions over the state of the artificial intelligence trade lingered. The market action appears to be reflecting concerns about record-high valuations and potentially risky circular relationships in the...
The Hang Seng slipped 34 points, or 0.13%, to close at 26,485 on Thursday, swinging from a rally in the previous session and following a subdued morning trade. A retreat from record highs on Wall Street Wednesday rattled sentiment, ahead of the U.S. PCE Index, the Fed's preferred inflation gauge. Investors also turned cautious before China's National Day and mid-autumn holidays next week. Losses in property and financial shares weighed on the benchmark index, mirroring weakness in mainland stocks despite the central bank's action to conduct a CNY 600-billion one-year MLF operation to...
European stocks slipped into the red on Thursday, with both the STOXX 50 and STOXX 600 down 0.6%, following a subdued session the day before. Market sentiment turned cautious as traders weighed the monetary policy outlook—particularly from the Federal Reserve—amid a series of scheduled speeches from officials today. Economic data offered little support. Germany's GfK survey showed consumer confidence remains weak, while French figures also disappointed. In contrast, EU passenger car registrations rose in August. Sector performance was mixed. Healthcare led losses, with Siemens Healthineers...
The Nikkei 225 climbed 0.27% to 45,755 while the Topix added 0.47% to 3,185 on Thursday, marking a third straight day of gains as investors brushed off a tech-driven selloff on Wall Street. US equities fell for a second session overnight on concerns about record-high valuations, complex interdependencies in the AI sector and uncertainty over the Federal Reserve's policy path. Domestically, minutes from the Bank of Japan's July meeting indicated policymakers remain inclined to raise rates further if economic and price conditions evolve as expected. Investors now await Friday's 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,...