Japanese stocks rose after Prime Minister Shigeru Ishiba announced his plans to step down, fueling hopes of new catalysts such as a government spending boost. The Topix index rose 1.1% to 3,138.20—a new record high—with 1,305 stocks advancing, 299 declining, and 72 unchanged. The Nikkei 225 added 1.5% to 43,643.81. Ishiba's resignation follows weeks of pressure following the poor results of the July election. According to TBS, the Liberal Democratic Party is considering a leadership election on October 4. "The market sees this as a sign of movement after post-election stagnation," said...
Japan stocks were higher after the close on Monday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 added 1.62% to hit a new all time high. The best performers of the session on the Nikkei 225 were Mazda Motor Corp (TYO:7261), which rose 7.15% or 78.50 points to trade at 1,176.00 at the close. Meanwhile, Resonac Holdings Corp (TYO:4004) added 5.81% or 229.00 points to end at 4,173.00 and IHI Corp. (TYO:7013) was up 5.00% or 755.00 points to 15,855.00 in late trade. The worst performers of the session were Keyence...
Stocks in Europe started the week in positive territory, with the STOXX 50 up 0.6% and the STOXX 600 advancing 0.3%. Equities continued to benefit from expectations that the Fed will cut interest rates this month, while investors kept a close watch on political developments in France. Prime Minister François Bayrou is widely expected to lose a confidence vote today, a result that would deepen political uncertainty in the country. Meanwhile, the ECB meets this week to set monetary policy. While no change in interest rates is anticipated, traders will scrutinize the meeting for any guidance...