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...
Hong Kong shares fell 59 points, or 0.2%, to 24,008 on Tuesday, reversing gains from the previous session as most sectors fell. A sharp drop in U.S. stock futures weighed on sentiment after President Trump urged evacuations from Tehran, stoking fears of a wider conflict as tensions between Israel and Iran entered a fifth day. Caution also prevailed ahead of the Fed's two-day policy meeting that begins today, with a rate decision due on Wednesday. While the Fed is widely expected to keep rates unchanged for a fourth straight day, rising geopolitical risks and rising oil prices could cloud...
The Nikkei 225 rose 0.3% to above 38,400, while the broader Topix gained 0.1% to 2,780 on Tuesday, extending gains from the previous session as investors awaited the Bank of Japan's latest policy decision. The central bank is widely expected to keep interest rates unchanged as it monitors developments in U.S. trade policy and assesses the inflationary impact of rising oil prices. Japanese equities also benefited from a rebound on Wall Street, where investors largely shrugged off rising tensions in the Middle East. Meanwhile, U.S. President Donald Trump called for a full evacuation of...
The Dow Jones Industrial Average (DJIA) found firmer footing on Monday, kicking off the new trading week on a high note and paring away most of the late-week losses that pushed indexes into the red last Friday. Israel launched strikes against Iranian targets under the auspices of denying Iran access to nuclear weapons. Israel is one of only four countries to not sign the Nuclear Non-Proliferation Treaty, and is also not a party to the Treaty on the Prohibition of Nuclear Weapons. Despite Israel's strikes quickly spiraling out into barrages of missile launches between Iran and Israel that...
US stocks were higher on Monday, erasing most of the losses from the previous session as markets reconsidered fears that the conflict between Israel and Iran would trigger global economic shocks. The S&P 500 and the Dow were around 0.7% higher, while the tech-heavy Nasdaq 100 added more than 1%. Hostilities between Tehran and Tel-Aviv persisted after exchange of strikes, but softer concerns that allies would join the conflict or that strikes would hamper global energy supply supported a rebound in risk sentiment. On the macroeconomic front, the FOMC is set to hold rates this week and...
The Hang Seng rose 168 points or 0.7% to close at 24,061 on Monday, reversing early losses and posting its first gain in three sessions. Property stocks led gains after Guangzhou plans to ease home-buying curbs and price controls. Consumers and financials also strengthened, as China's consumer spending surged in May, due to holiday-driven demand. A jump in U.S. futures also boosted sentiment, ahead of the Fed's interest rate decision Wednesday. While the central bank is widely expected to hold rates steady for the fourth straight meeting, mounting Middle East tensions and rising oil prices...
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,...