The US dollar remains sluggish after experiencing intense pressure following the Fed's decision to cut interest rates by 25 bps. The US Dollar Index (DXY) remains in the lower zone and is trending lower weekly, as market participants assess the Fed's policy stance as being more dovish. Expectations of further interest rate cuts have diminished the dollar's appeal as a high-yielding asset, leading to more capital flows into other assets such as gold, silver, and some riskier currencies. Nevertheless, in the very short term, the dollar attempted a slight rebound in the US session as US bond...
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...
The Topix fell 0.5% to 2,714.12 as of 9:28 a.m. in Tokyo. The Nikkei was little changed at 39,033.72. Japan's Topix fell as automakers and banks weighed on the benchmark index amid holiday constraints. Toyota Motor contributed the most to the Topix decline, dropping 1.4%. Of the 2,125 stocks in the index, 689 rose and 1,247 fell, while 189 were unchanged. "There are almost no market players, so it's unlikely the market will show any direction," said Mitsushige Akino, president of Ichiyoshi Asset Management. "There's a reversal in the market, and industrial types that have performed well...
Stocks jumped Tuesday on Christmas Eve as the market pulled off back-to-back gains in the holiday week. The S&P 500 added 1.1% to 6,040.04, and the Dow Jones Industrial Average gained 390.08 points, or 0.91%, to 43,297.03. The Nasdaq Composite climbed 1.35% to 20,031.13, helped by a 7.4% jump in Tesla shares. Amazon and Meta Platforms gained more than 1% each. The New York Stock Exchange closed early at 1 p.m. ET for Christmas Eve, while the bond market closes at 2 p.m. The market is also shut on Wednesday for Christmas Day. Tuesday marked the start of the seasonal Santa Claus rally,...
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst...
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....