The US dollar index fluctuated around 98.4 on Thursday, but remained within the previous session's strengthening zone. The market appeared cautious as investors began to position themselves ahead of the November US CPI release, which is expected to show price pressures remain above the Fed's target. Mixed US labor data earlier this week hasn't significantly changed the market outlook—investors still expect at least one interest rate cut in the future. Fed official Christopher Waller said there's still room to cut rates due to signs the labor market is softening, while Raphael Bostic was...
European markets opened higher Wednesday as traders gear up for a quarterly earnings report from chipmaker Nvidia The Nasdaq-listed stock has become a bellwether for the global technology sector, particularly regarding the progress of the artificial intelligence boom, as its major corporate customers include Microsoft, Google, Meta and Amazon Its value has soared in recent years, giving it the biggest weighting in the S&P 500 and an outsized influence on U.S. market performance. The company will report after U.S. markets close on Wednesday. France's CAC 40 index rebounded 0.4%...
The Nikkei 225 Index rose 0.3% to close at 42,520 while the broader Topix Index slipped 0.07% to 3,070 on Wednesday, with Japanese shares showing mixed performances as investors awaited Nvidia's earnings report, expected to offer fresh insight into the durability of the artificial intelligence trade. Sentiment was also pressured by political uncertainty after US President Donald Trump's unprecedented removal of Federal Reserve Governor Lisa Cook, a move that heightened concerns about the US central bank's independence. Domestically, investors looked ahead to key economic data due later...
The Hang Seng Index opened 101 points higher, or 0.39%, at 25,626 points. The China Enterprises Index rose by 33 points, or 0.36%, to 9,181, while the Hang Seng Tech Index advanced 32 points, or 0.55%, to 5,814. Technology stocks demonstrated steady performance, with Tencent up 0.5%, Xiaomi Group rising 0.7%, and Kuaishou gaining 0.6%. Meanwhile, Alibaba, Meituan, and JD.com remained unchanged. Financial stocks showed mixed results. HSBC Holdings gained 0.7%, AIA Group rose 0.3%, but Ping An Insurance dropped 0.7%, and Hong Kong Exchanges and Clearing added 0.5%. Automotive stocks...
Nikkei Slips 0.1%, Dragged by Energy, Videogame Stocks Japanese stocks are lower as uncertainty over the U.S. tariff impact on earnings continues. Energy and videogame stocks are leading the decline. Eneos Holdings is down 1.4% and Nintendo is 1.5% lower. USD/JPY is at 147.49, compared with 147.76 as of Tuesday's Tokyo stock market close. Investors are closely watching any developments on the war in Ukraine as well as on the potential leadership election for the ruling Liberal Democratic Party in Japan. The Nikkei Stock Average is down 0.1% at 42358.82. Source: Bloomberg
Asia-Pacific markets mostly fell on Wednesday after Wall Street gained overnight. India's markets will also be in focus as the U.S. tariffs take effect. The country currently faces additional tariffs of up to 50% on exports to the U.S., after the Trump administration escalated tariff threats in response to its substantial imports of Russian energy. Japan's Nikkei 225 slipped 0.17%, and the Topix lost 0.3%. South Korea's Kospi declined 0.17% and the small-cap Kosdaq lost 0.16%. Australia's S&P/ASX 200 added 0.23%. Futures for Hong Kong's Hang Seng index stood at 25,626, pointing to a...
The S&P 500 closed 0.4% higher on Tuesday, bolstered by gains in Nvidia, as investors balanced optimism over corporate earnings with concerns about President Trump's unprecedented removal of Federal Reserve Governor Lisa Cook. The Dow Jones added 135 points, while the Nasdaq rose 0.4%. Nvidia shares jumped 1.1% ahead of its quarterly report on Wednesday, amid high expectations for the chipmaker in the context of ongoing US-China trade tensions, and Eli Lilly surged 5.8% after announcing its experimental diabetes pill significantly reduces body weight. Although several sectors,...
European stock markets retreated on Tuesday, pulled down by French equities as traders monitored the potential for the government to lose a confidence vote next month. France's CAC 40 index plummeted more than 2% in early deals before paring losses to around 1.6% by the end of the trading session. The country's three main opposition parties said they would not back a surprise confidence vote called by Prime Minister Francois Bayrou on Monday for Sept. 8 over his budget plans. Bayrou argues around 44 billion euros ($51 billion) in budget cuts are needed to reduce the French deficit, which...
US stocks inched lower on Tuesday, extending the slight drop from the previous session and trackingTreasury bonds amid fresh concerns over the independence of the Federal Reserve and new threats of tariffs. The three main equity indices were marginally below the flatline. President Trump started the process to fire Fed Governor Cook on allegations of mortgage fraud, extending the President's efforts to influence FOMC members amid persistent calls that interest rates should be over two percentage points lower. The dented demand for risk for equities, even if the dollar and long-maturity...
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....