European stocks held steady on Thursday after hitting new records the previous day, as investors awaited the latest news on the French political crisis. The Stoxx Europe 600 was virtually flat at 8:15 a.m. in London, while Germany's DAX edged up to another record. Mining and travel & leisure sectors led, while autos and banks lagged. In individual stocks, HSBC fell after proposing a takeover plan for Hang Seng Bank in Hong Kong, valuing the entity at around $37 billion.
In Paris, the CAC 40 edged higher following President Emmanuel Macron's signal that he would appoint a new prime minister tomorrow night, amid hopes the budget impasse could be resolved this year. However, some fund managers remained cautious about political risks and France's fiscal outlook. More broadly, the European rally was supported by optimism about AI and the resilience of the US economy, with market focus now shifting to earnings season to test the sustainability of the rally. Meanwhile, Michelin weakened after analysts cut their estimates and commented that its guidance headroom was "narrowing." (az)
Source: Newsmaker.id
European stocks held steady on Thursday after hitting new records the previous day, as investors awaited the latest news on the French political crisis. The Stoxx Europe 600 was virtually flat at 8:15...
Asian stocks opened higher, following Wall Street's rally fueled by AI-fueled euphoria. The S&P 500 rose 0.6% and the Nasdaq 100 rose 1.2%. Japan and Australia led gains, while China's ADR rose 0....
European stock markets rallied on Wednesday, with equities in France perfomring strongly despite ongoing political upheaval in the country. The pan-European Stoxx 600 index climbed 0.8%, while the DA...
The S&P 500 rose slightly on Wednesday, a day after it snapped a seven-day win streak because of a drop in Oracle that called to question the sustainability of the artificial intelligence trade. T...
Asia-Pacific markets traded mixed Wednesday, breaking ranks from Wall Street losses, after the World Bank raised the region's growth forecast Tuesday. That comes after a summer that saw U.S. tariff-l...
Oil prices were little changed on Thursday (October 9) as investors weighed a ceasefire agreement in Gaza that could ease tensions in the Middle East against stalled peace talks in Ukraine that could extend sanctions on Russia and limit its...
The US dollar strengthened on Thursday (October 9th), continuing its gains this week, driven by a weaker euro due to the political crisis in Paris and a weaker yen amid a change in the ruling party leadership in Japan. This week's markets were...
Gold prices held above the $4,000 level on Thursday (October 9th), as investors assessed the Israel-Hamas ceasefire agreement, while broader geopolitical and economic uncertainty and expectations of a US interest rate cut maintained bullish...
Euro Area Stock MarketEuropean stocks closed mostly lower on Monday as fresh political turmoil in France rekindled concerns of fiscal instability...
The S&P 500 and Nasdaq Composite closed at record highs on Monday, spurred by optimism about increased mergers and acquisitions activity after...
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for...
Asia-Pacific markets traded mixed Wednesday, breaking ranks from Wall Street losses, after the World Bank raised the region's growth forecast...