Oil headed for the biggest weekly loss since late June as traders positioned for a key OPEC+ decision on supply this weekend. Brent futures edged marginally higher on Friday, but were still trading below $65 a barrel and set for a weekly slump of about 8%. Prices have declined the past four days on the expectation OPEC+ will discuss fast-tracking more supply hikes. Meanwhile, efforts by the Trump administration to keep oil exports flowing from northern Iraq, as well as a US government shutdown, have added to the bearish sentiment. The OPEC+ meeting comes as...
The Hang Seng Index rose for a third day, rising 0.2%, or 49.15, to 20,147.44 in Hong Kong. Xiaomi Corp. was the biggest contributor to the index's gain, rising 5.3%. Lenovo Group Ltd. was the biggest gainer, rising 7.8%. In midday trading, 37 of 83 stocks rose, while 41 fell; two of four sectors rose, led by trade and industrial stocks. Source: Bloomberg
Japanese shares rose, led by gains in autos and electronics shares, as a weaker yen boosted earnings growth hopes. Toyota Motor rose 1.0% and Renesas Electronics gained 2.0%. USD/JPY was at 157.85, compared with 157.36 at the close of trading on the Tokyo Stock Exchange on Thursday. Investors were watching for any comments on the yen's recent depreciation from Japanese government officials. The Nikkei Stock Average was up 0.5% at 39,753.32. Source: Bloomberg
The Dow Jones Industrial Average erased earlier losses and squeezed out a small gain in thin trading Thursday after the market's strong back-to-back gains at the start of the holiday week. The blue-chip Dow closed the day 28.77 points, or 0.07%, higher to 43,325.80 after losing about 182 points earlier in the session. The S&P 500 dipped just 2.45 points, or 0.04%, to 6,037.59. The Nasdaq Composite also ended the day slightly lower, declining less than 0.1% to 20,020.36. The market was closed on Wednesday for Christmas Day. Thursday's action came after a solid Christmas Eve for the...
The Dow Jones Industrial Average fell 135 points, down for the first time in five sessions. The S&P 500 dipped 0.3% and the Nasdaq Composite also declined 0.3%. The market was closed on Wednesday for Christmas Day. The major averages could see their first down day this week after back-to-back gains. So far, the S&P 500 is up 1.6% this week, while the Dow has gained 0.8%. The strong rally in megacap tech lifted the Nasdaq up 2.1% week to date. Investors were enthusiastic about the so-called Santa Claus rally, which occurs in the last five trading days of the year and the first two...
Japanese stocks rose after the close on Thursday, as gains in the Shipbuilding, Automobiles & Parts and Chemicals, Oil & Plastics sectors helped stocks rise. At the close in Tokyo, the Nikkei 225 was up 1.39%. The best performers on the Nikkei 225 were J.Front Retailing Co., Ltd. (TYO:3086), which rose 8.27% or 165.00 points to trade at 2,159.00 at the close. Meanwhile, Isetan Mitsukoshi Holdings Ltd. (TYO:3099) gained 7.60% or 191.50 points to close at 2,711.50 and Nissan Motor Co., Ltd. (TYO:3099) gained 1.00% or 191.50 points to close at 2,711.50. (TYO:3099) rose 1.30% or 191.50...
Japanese stocks rose as a weaker yen provided support for exporters while a diplomatic agreement to promote travel from China boosted companies that rely on inbound tourism. The Topix rose 0.4% to 2,744.65 as of 9:24 a.m. in Tokyo The Nikkei 225 gained 0.3% to 39,264.60 Toyota Motor was the biggest contributor to the Topix's gain, rising 4.4%. Of the 2,124 stocks in the index, 1,082 rose and 857 fell, while 185 were unchanged. The yen was steady at 157.20 per dollar after falling for the past three days. Department stores including Isetan Mitsukoshi Holdings and Takashimaya rose after...
Asia's benchmark stock index rose as equities rose in Japan and South Korea, while several other regional markets remained closed for holidays. Sentiment improved after U.S. stocks extended this year's rally on Tuesday. Japan's Nikkei 25 rose for a second day, with retail stocks rising after a travel deal was agreed with China. Australia and Hong Kong remained closed for the Christmas holiday. U.S. equities were boosted Tuesday by a rally in technology shares, with the S&P 500 up more than 1% amid thin trading. Equity investors are pinning their hopes on what is known as the "Santa...
Japanese stocks fell after the close on Wednesday, as losses in the Communications, Warehousing and Precision Instruments sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.32%. The best performers of the session on the Nikkei 225 were Nissan Motor Co., Ltd. (TYO:7201), which rose 8.66% or 41.30 points to trade at 518.30 at the close. Meanwhile, Toyota Motor Corp. (TYO:7203) gained 4.57% or 129.50 points to close at 2,964.50 and Kawasaki Heavy Industries, Ltd. (TYO:7012) gained 4.28% or 291.00 points to 7,089.00 in late trade. The worst performers on the session...
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....