European stocks fell on Wednesday as global markets focused on the vote count after the US presidential election.
The UK's FTSE 100 Index is expected to open 8 points lower at 8,167, Germany's DAX is down 65 points at 19,189, France's CAC is down 22 points at 7,383 and Italy's FTSE MIB is down 134 points at 34,098, according to data from IG.
Global markets are focused on results emerging from key battleground states that are expected to determine the winner of the presidential election between former President Donald Trump and Vice President Kamala Harris.
NBC News has projected winners in more than half of the US states. Trump won the big electoral college prizes in Texas and Florida, as well as the battleground states of Georgia and North Carolina. Harris carried New York and California, as well as Virginia.
US stock futures rose sharply in overnight trading as investors began to speculate that Trump could pull ahead in the presidential election. Asia-Pacific markets were mixed overnight.
Market attention is focused on which party will dominate Congress, as a Republican or Democratic victory could lead to drastic spending changes or a major overhaul of tax policy.
Wall Street is also gearing up for the Federal Reserve's upcoming interest rate decision on Thursday. According to the CME Group's FedWatch Tool, traders are pricing in a 96.1% chance of a quarter-point rate cut by the end of the central bank's policy meeting, following a half-percentage-point cut in September.
Source: CNBC
Australian equities notched a record high as Asia-Pacific markets tracked Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings. Aus...
US stocks advanced on Thursday, supported by upbeat earnings and solid economic data as markets brushed aside lingering concerns over President Trump's criticism of the Fed and renewed tariff threats....
S&P 500 and Nasdaq 100 futures edged up 0.1% and 0.2%, respectively, on Thursday morning (July 17), while the Dow Jones Industrial Average remained flat. What caused this? Investors were digesting...
The STOXX 50 rose 0.9% and the STOXX 600 gained 0.6% on Thursday, marking their first advances in six and five consecutive sessions, respectively, as investor attention shifted to corporate earnings. ...
Asia-Pacific markets mostly fell Thursday, with investors assessing the fall in Japan's exports for the second consecutive month, as well as U.S. President Donald Trump's denial of his intent to fire ...
Gold steadied and was set for a moderate weekly loss as investors assessed the outlook for Federal Reserve rate cuts after resilient US jobs and retail data eased concerns about the economy. Bullion traded below $3,340 an ounce in early Asian...
Australian equities notched a record high as Asia-Pacific markets tracked Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings. Australia stock markets climb to record...
The Japanese yen rose to around 148 per dollar on Friday, rebounding from a significant drop in the previous session, as investors digested the latest inflation data. Headline inflation ticked down to 3.3% in June 2025 from 3.5% in May, yet it...
U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an...
European stocks erased early gains and closed mostly lower on Tuesday as markets continued to assess how potential tariffs from the US may hurt...
President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against...
The annual core consumer price inflation rate in the United States, which excludes volatile items like food and energy, ticked up to 2.9% in June...