The dollar headed for a second straight weekly gain against major peers, buoyed by some solid U.S. economic data that supported the view the Federal Reserve can afford to wait a while longer before cutting interest rates again. The yen remained on the back foot heading into upper house elections on Sunday in Japan, with polls suggesting the ruling coalition is at risk of losing its majority - a development that would stir policy uncertainty and complicate tariff negotiations with the U.S. Bitcoin hovered just above $120,000, after this week pushing to an all-time peak of $123,153.22, with...
The STOXX 50 gained 0.4% and the STOXX 600 added 0.5% on Thursday, marking a third consecutive session of gains, boosted by strong corporate results. Shares of AstraZeneca gained almost 4% after the company's earnings and revenue topped forecasts and the pharmaceutical giant said it expects further sales. Societe Generale jumped about 7% after reporting a rise in Q4 revenue and saying it is targeting revenue growth and higher profitability for the year. Maersk soared more than 6% after the company started a $2 billion share buyback program. On the other hand, Volvo sank more than 7% after...
Japanese stocks rose after the close on Thursday, as gains in the Manufacturing, Steel and Automobiles & Parts sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 gained 0.63%. The best performers on the Nikkei 225 were Renesas Electronics Corp (TYO:6723), which rose 12.60%, or 258.00 points, to close at 2,305.50. Meanwhile, Bandai Namco Holdings Inc (TYO:7832) rose 9.87%, or 433.00 points, to close at 4,822.00 and Nippon Electric Glass Co., Ltd. (TYO:7832) gained 1.00%, or 433.00 points, to close at 4,822.00. (TYO:5214) rose 9.24% or 313.00 points to close at 3,702.00...
Asia-Pacific markets opened higher Thursday, tracking gains on Wall Street as investors shrug off a week of trade turmoil and a slew of disappointing U.S. tech earnings. Australia's S&P/ASX 200 traded 0.9% higher. Japan's Nikkei 225 rose 0.39% at the open, while the Topix added 0.33%. South Korea's Kospi rose 0.45% while the Kosdaq traded 0.8% higher. Hong Kong's Hang Seng index futures were at 20,681, compared with the HSI's last close of 20,597.09. India's central bank is expected to cut benchmark interest rates in its policy meeting that's underway, as it strives to stimulate a...
Stocks rallied on Wednesday, pushing the Dow Jones Industrial Average and S&P 500 higher for the second day in a row, as investors looked past the trade turmoil that weighed on the market earlier in the week. The gains came even as notable technology stocks Alphabet and AMD posted steep losses following earnings. The blue-chip Dow climbed 317 points, or 0.7%, led by gains in Nvidia.The broad market index rose about 0.4%, putting its week-to-date gains into positive territory at 0.3%. Meanwhile, the Nasdaq Composite ticked higher by 0.2%. Nvidia jumped 4% after the server maker Super...
The S&P 500 moved higher on Wednesday in choppy trading as investors shrugged off a revenue miss from AlphabetThe broad market index rose 0.1%, while the Dow Jones Industrial Average climbed 143 points, or 0.3%. The Nasdaq Composite fell 0.1%. Alphabet shares tumbled 7% after the Google-parent posted a cloud revenue miss as it ramps up spending on artificial intelligence, spooking investors who worried the megacap technology company will take longer to capitalize on its AI ambitions. Overall revenue for the period also came up short.AMD shares were also lower by 7% after the company's...
The S&P 500 and Nasdaq Composite fell Wednesday after mixed quarterly figures from Alphabet and chipmaker AMD led the tech sector lower. A decline in Apple also put pressure on the major indexes. The broad market index dipped 0.2%, while the Nasdaq lost 0.5%. The Dow Jones Industrial Average hovered around the flatline. Alphabet shares tumbled 8% after the Google-parent posted a cloud revenue miss as it ramps up spending on artificial intelligence, spooking investors who worried the megacap tech company will take longer to capitalize on its AI ambitions. Overall revenue for the period...
The Hang Seng Index fell 0.9% at 20,597.09 in Hong Kong. The move was the biggest since falling 1.6% on Jan. 22 and follows the previous session's increase of 2.8%. AIA Group Ltd. contributed the most to the index decline, decreasing 1.9%. Nongfu Spring Co. had the largest drop, falling 6.9%. Today, 67 of 83 shares fell, while 15 rose; all sectors were lower, led by commerce and industry stocks. Source: Bloomberg
European markets opened in negative territory on Wednesday (2/5), with investors looking ahead to more earnings from a number of major companies. Earnings are due from Handelsbanken, TotalEnergies, Akzo Nobel, Credit Agricole, Novo Nordisk, GSK, Vestas Wind and Banco Santander, among others. On the data front, the latest purchasing managers' index data from the euro zone is due on Wednesday. Regional markets were mostly flat on Tuesday as investors continued to monitor developments in U.S. trade policy under President Donald Trump, and after China announced tariffs on U.S. imports in...
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....