European stocks fell as investors digested the latest earnings reports and awaited the outcome of a no-confidence vote in France. Nestlé SA jumped 7% as CEO Philipp Navratil accelerated recovery efforts. The Stoxx 600 was little changed at 8:16 a.m. in London. The personal care and food and beverage sectors outperformed, while travel and leisure stocks weakened. Among individual stocks, Nordea Bank Abp rose 3%, to its highest level ever, after the lender announced a series of share buybacks and reported loan revenue that beat analysts' estimates. The European stock rally has faltered in...
The Nikkei 225 Index rose 1.27% to close at 48,278 while the broader Topix Index added 0.62% to 3,203 on Thursday, extending gains from the previous session as investors navigated political uncertainty in Japan, while a strong earnings season kept the momentum in stocks. The ruling Liberal Democratic Party proposed holding a vote for a new prime minister on Oct. 21, though opposition parties have yet to agree on the date, keeping the outlook for LDP's Sanae Takaichi unclear. Sentiment was also lifted by a solid start to the earnings season, bolstered by expectations of US rate cuts and...
US stocks advanced on Thursday, with the S&P 500 and Dow Jones each up 0.2%, while the Nasdaq Composite gained 0.6%. The move followed a volatile session the day before, as investors focused on corporate earnings and the AI rally regained momentum after Taiwan Semiconductor Manufacturing raised its revenue-growth target. Communication services, technology, and utilities led the gains, while financials underperformed. Among major movers, Nvidia rose 1.4%, Alphabet added 1.5%, Broadcom gained 1.7%, and Micron Technology advanced 2.3%. Charles Schwab was up 0.5% after an earnings beat and...