European stocks started the week in positive territory, with the STOXX 50 up 0.6% and the STOXX 600 rising 0.3% to reach three-week highs, as traders brace for a busy week of central bank monetary policy decisions. The Federal Reserve is widely expected to resume interest rate cuts, with a 25 bps reduction fully priced in. Investors will also be watching policy updates from the Bank of England, the Bank of Japan, and the Bank of Canada. Meanwhile, attention remains on France after Fitch downgraded the country's credit rating last Friday, citing rising government debt, growing political...
The Hang Seng rose 58 points or 0.2% to close at 26,447 on Monday, marking its second straight gain and tracking an uptick in U.S. futures ahead of an expected Fed rate cut this week. While markets expect a 25bps reduction, President Trump has pushed for a larger move, calling the timing "ideal." Hong Kong shares hovered near a four-year high, supported by ongoing U.S.-China trade talks in Madrid that enter day two today. However, gains were capped by weak August data from China, with factory output, retail sales, credit, exports, and fixed asset investment all underperforming. Tech led...
Japan's Nikkei 225 index opened higher on Monday (September 15th) at 44,803.30 points before closing at 44,768.12 points. Although it briefly broke through its daily high of 44,888.02 points, the index was unable to maintain its full gains due to profit-taking near the close. Overall, the index recorded a daily gain of around +0.89% compared to the previous session. Daily Movement Throughout the session, the Nikkei moved within a range of 44,548.57 – 44,888.02 points. The strong opening sparked market optimism that the rally could continue, but selling pressure from investors seeking to...