U.S. stock index futures were mixed Tuesday morning ahead of earnings reports from a slew of major American companies. At around 4.20 a.m. ET, Dow futures were 4 points higher but indicated an implied negative open of around 5 points, while the S&P 500 and Nasdaq were seen edging into positive territory. Earnings season underway in earnest Tuesday with banking giants Goldman Sachs, J.P. Morgan Chase, Wells Fargo and Charles Schwab all set to report earnings before the bell, along with other big names such as Johnson & Johnson and Domino's Pizza. Both United Airlines and CSX are due...
Hong Kong stocks jumped on Thursday, tracking a global advance after congressional testimony by the head of the Federal Reserve all but confirmed the bank will cut interest rates at the end of the month. The Hang Seng Index rose 0.81 percent, or 227.11 points, to 28,431.80. The benchmark Shanghai Composite Index edged up 0.08 percent, or 2.46 points, to 2,917.76, but the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.13 percent, or 1.94 points, to 1,548.93. Source : AFP
China stocks ticked up on Thursday as global central banks look poised to ease policies, while concerns about a slowdown in the country's economic growth weighed on investor sentiment. At the close, the Shanghai Composite index was up 0.1% at 2,917.76. The blue-chip CSI300 index was flat. CSI300's financial sector sub-index was higher by 0.1%, the consumer staples sector fell 0.2%, while the healthcare sub-index eased 0.3%. The smaller Shenzhen index ended down 0.1%, while the start-up board ChiNext Composite index was higher by 0.2%. Source : Reuters
European stocks opened higher Thursday morning after U.S. Federal Reserve Chairman Jerome Powell signaled that the central bank could cut interest rates imminently. The pan-European Stoxx 600 climbed 0.2% at 388.15 after the opening bell, oil and gas leading gains with a 0.9% rise while construction and material stocks fell 0.2%. Powell told the House Financial Services Committee in a prepared testimony on Wednesday that the central bank will œact as appropriate to sustain expansion as œcrosscurrents are weighing on the economic outlook. Source : CNBC
Tokyo stocks rose on Thursday, extending US rallies on growing expectations of a rate cut, while Nintendo surged after the game giant unveiled a scaled back, cheaper version of its Switch console. The benchmark Nikkei 225 index gained 0.51 percent, or 110.05 points, to close at 21,643.53, while the broader Topix Index was up 0.47 percent, or 7.31 points, at 1,578.63. Source : AFP
Hong Kong stocks started with gains on Thursday as investors welcomed a dovish testimony by Federal Reserve boss Jerome Powell that reinforced hopes for an interest rate cut. The Hang Seng Index rose 0.51 percent, or 143.17 points to 28,347.86. The benchmark Shanghai Composite Index rose 0.44 percent, or 12.76 points, to 2,928.06, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.51 percent, or 7.97 points, to 1,558.84. Source : AFP