European stocks ended higher Wednesday, with the Stoxx 50 up 0.8% and the Stoxx 600 rising 0.4%, as investors monitored political and economic developments. Leading the gains were SAP, which climbed over 4%, and Schneider Electric, up more than 2%. In France, the CAC 40 gained 0.7% as attention turned to a no-confidence vote in the National Assembly. The vote follows Prime Minister Michel Barnier's use of special powers on Monday to push through a controversial budget without parliamentary approval. Both right- and left-wing parties have filed motions of no-confidence, with Barnier's...
All three major U.S. stock indices closed at record highs on Wednesday. The S&P 500 and Nasdaq advanced by 0.6% and 1.3%, respectively, while the Dow Jones gained 303 points, marking its first-ever close above 45,000. Market sentiment was bolstered by a solid performance in the tech sector and encouraging earnings reports from major companies. Additionally, traders closely followed remarks from Fed Chair Powell. At the DealBook Summit, Powell reiterated that the central bank is not in rush to lower interest rates, emphasizing that the US economy remains solid but continues to face...
Asia-Pacific markets opened mixed on Thursday, as all three major Wall Street indexes hit record highs, buoyed by a tech rally and comments from Federal Reserve Chairman Jerome Powell. Investors in Asia will continue to monitor the political situation in South Korea. Less than a day after he declared martial law, lawmakers in the country moved to impeach President Yoon Suk Yeol. South Korea released revised gross domestic product for the third quarter, showing the economy grew 0.1% quarter-on-quarter, and 1.5% year-on-year. The figures matched advanced estimates. Australia's S&P/ASX...