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...
Japanese stocks rose after the close on Friday (6/27), as gains in the Real Estate, Banking and Textile sectors boosted shares. At the close in Tokyo, the Nikkei 225 rose 1.42% to hit a fresh 3-month high. The best performer on the Nikkei 225 was Sumitomo Metal Mining Co., Ltd. (TYO:5713), which rose 6.87% or 232.00 points to trade at 3,610.00 at the close. Meanwhile, Sumitomo Dainippon Pharma Co Ltd (TYO:4506) rose 6.62% or 61.00 points to close at 983.00 and Yokohama Rubber Co Ltd (TYO:5101) gained 6.42% or 235.00 points to close at 3,897.00. The worst performers on the session were...
Hong Kong stocks edged up 25 points, or 0.1%, to 24,348 in early trade on Friday, following losses in the previous session, largely supported by gains in consumer stocks. An overnight rally on Wall Street lifted sentiment after the S&P 500 closed near a record. The White House's efforts to play down a looming July tariff deadline also helped calm investor nerves. However, the upside momentum was capped by caution ahead of the release of the US PCE index, the Fed's preferred inflation gauge, due later in the day. Meanwhile, recent data showed a slight annual decline in China's industrial...
The Nikkei 225 rose 1.3% to around 40,100 on Friday, while the broader Topix index gained 1.1% to 2,835, as Japanese equities rose to multi-month highs after a strong session on Wall Street. Market sentiment improved after the White House downplayed the urgency of an upcoming tariff deadline, easing investor concerns about a protracted trade war. Spokeswoman Karoline Leavitt indicated the deadline was flexible and could be extended. Meanwhile, investors weighed fresh data showing Tokyo's core inflation slowed in June but remained well above the Bank of Japan's 2% target, maintaining...
The S&P 500 rose to within a whisker of a new record Thursday, the culmination of a stunning comeback from lows set in April as the benchmark overcame a wall of worries that included tariff fights, wars and sticky inflation. The broad market index climbed 0.8% to close at 6,141.02, bringing its gain on the week to 2.9% and putting it just a few points away from the intraday all-time high hit in late February of 6,147.43. The Nasdaq Composite advanced 0.97% to 20,167.91, itself inches away from a new record. The Dow Jones Industrial Average climbed 404.41 points, or 0.94%, to...
The Stoxx Europe 600 index provisionally rose by 0.1%. Regionally, the FTSE 100 was higher by 0.2% and Germany's DAX was up 0.6%. France's CAC 40 bucked the trend by closing flat. Within the Stoxx 600 index, miners Anglo American and Antofagasta were among the biggest gainers, alongside defense giants Rheinmetall, Saab and Hensoldt Balfour Beatty shares rose 2.7% after the company said it won a £833 million contract to help build the world's first gas-fired power station for Net Zero Teeside Power, a joint venture between BP and Equinor. The British construction firm said that 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,...