European stocks closed higher on Thursday as investors digested the regional and global economic outlook. The pan-European Stoxx 600 reversed course to finish 0.12% higher by the end of Thursday's session, with major bourses and sectors mostly higher following broadly negative moves earlier in the day. It comes after a positive trading session yesterday, with the Stoxx 600 closing almost 1.1% higher and most sectors and major regional bourses in the green. Global markets have been boosted this week by rising expectations that the U.S. Federal Reserve will cut interest rates when it next...
Asia-Pacific stock markets are expected to open slightly lower on Friday. Sentiment remains thin as US stock futures moved flat during the Thanksgiving holiday, while the Nasdaq Composite is on track to end its seven-month winning streak. In the region, market participants will focus on Tokyo inflation data—often a guide to Japan's national inflation—and India's fiscal second-quarter GDP data, due out this Friday. The latest data showed Tokyo's October headline inflation edged down to 2.7% from 2.8%, while core inflation rose to 2.8%, slightly above the 2.7% forecast. Core inflation in...
Nikkei Struggles Above 50,000, a Sign of Starting Fatigue? | Nikkei Ngerem di Atas 50.000, Tanda Mulai Lelah? The Nikkei index is expected to open cautiously on Friday, trading within the 50,000 area after a sharp rally over the past week. Nikkei futures are expected to move only slightly around 50,100, in line with projections for a flat opening for Asian markets as the global rebound begins to lose steam. The previous day, the Nikkei had risen around 1.2% and closed around 50,167, driven by positive sentiment from hopes of a Fed rate cut in December, which has revived investor risk...