The Japanese yen weakened slightly during the Asian session on Wednesday, as investors remained cautious while awaiting the Bank of Japan (BoJ) policy update. Market focus now turns to the two-day BoJ meeting next Friday, which is expected to provide clues regarding the interest rate path through 2026. Expectations for a BoJ interest rate hike this week are believed to be a supportive factor for the JPY. Investors anticipate a hawkish BoJ stance could boost the yen or at least prevent further depreciation, although more cautious market sentiment has limited the currency's...
European stocks closed slightly higher on Tuesday, extending their record-breaking run, supported by further gains from defense, aerospace, and luxury brands. The Eurozone STOXX 50 gained 0.2% to 5,691, and the pan-European STOXX 600 gained 0.3% to 574. Hermès jumped 1.5%, extending its recent strong momentum to an 11% surge in the last five sessions amid expectations of improved margins for luxury brands. Ferrari and LVMH also rose more than 0.7%. Meanwhile, Airbus and Safran each rose nearly 2%, tracking gains in the global aviation sector as GE Aerospace posted strong third-quarter...
European stock markets appeared calm on Tuesday, following a strong rally in the previous session. Major indices such as the STOXX 50 and STOXX 600 moved flat as investors chose to wait for new direction while assessing news from various major companies. The property and utilities sectors posted positive performances, followed by banking stocks, which also gained slightly. Conversely, stocks in the chemical and food and beverage sectors weakened. L'Oréal recorded a slight decline, while UniCredit rose slightly ahead of its latest financial report. On the positive side, Assa Abloy shares...
The Nikkei 225 stock index closed slightly lower on Tuesday after quite volatile trading. Although it briefly surged to near a psychologically important level early in the session, the gains were short-lived. Sanae Takaichi's victory as Japan's new prime minister had boosted market optimism over the possibility of a large fiscal stimulus, but many investors opted to take profits after the Nikkei's long rally over the past month. Selling pressure emerged because some market participants felt stock prices were too high compared to short-term prospects. Since news of the previous PM's...
The Hong Kong stock market opened brightly on Monday, driven by gains in major technology stocks like Tencent, Alibaba, and Xiaomi. The positive performance of these tech companies led to a significant rise in the main Hang Seng Index, indicating recovering investor confidence. The technology sector index also surged, indicating that this sector is once again a mainstay in market movements. Gold mining stocks also showed sharp gains, following the rise in global gold prices. Companies like Zijin and Shandong Gold recorded strong gains, while jewelry retail stocks also rose. The financial...
Asian stocks rose on Tuesday, supported by solid US corporate earnings and signs of easing tensions between Washington and Beijing. Indexes in Japan and Australia rose, while South Korea opened more than one percent higher. US stock futures also pointed to gains. An index of US-listed Chinese companies rose about two point four percent, its best in a week. Gold continued its advance early in the Asian session despite warnings of a potential liquidation. On Wall Street, the two major US indexes posted their biggest two-day gains since June. About 85 percent of emissions beat earnings...
The Nikkei index rose 0.7 percent to 49,523.98. The rise was driven by hopes that Sanae Takaichi, who is rumored to be the new prime minister, would prepare measures to support the economy. This sentiment helped the market recover after volatile trading. Electronics stocks led the rally. Renesas Electronics rose around 4.1 percent and TDK added 2.8 percent. Buying interest was seen in semiconductor and component companies, along with expectations of pro-growth policies and investment incentives in the technology sector. In the foreign exchange market, the US dollar exchange rate against...
Stocks rallied on Monday, boosted by a surge in Apple shares, as investors anticipated a possible end to the ongoing US government shutdown and a series of major corporate earnings reports and inflation data expected in the coming days. The Dow Jones Industrial Average closed up 515.97 points, or 1.12%, to 46,706.58. The S&P 500 also rose 1.07% to close at 6,735.13, while the Nasdaq Composite gained 1.37% to close at 22,990.54 Apple led the market rally, rising nearly 4% to a record close, after receiving a buy from hold recommendation upgrade at Loop Capital. The company highlighted...
The STOXX 50 jumped 1.4% to close at a record high of 5,688 on Monday, while the broader STOXX 600 gained 1.1% to 572 amid easing concerns over US banking stability and signs of easing trade tensions between Washington and Beijing after President Trump indicated he would lower tariffs if China resumed purchases of US soybeans. Financial stocks posted significant gains, with BBVA up 3.9%, UniCredit 3%, and Intesa Sanpaolo 2.8%. Conversely, BNP Paribas plunged 7.7% after a US jury ordered it to pay $20.75 million over alleged links to Sudanese atrocities. The defense sector also posted strong...
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....