The Nikkei 225 Index rallied 1.1% to above 41,600 while the broader Topix Index jumped 1.5% to 2,970 on Thursday, with the latter reaching all-time highs as the recently announced trade deal with the US and Japan continued to support market momentum. Japan now faces a 15% tariff on its exports to the US, lower than the 25% levy that Trump threatened in a letter earlier this month. Global sentiment improved further on reports of progress in US-EU trade talks. On the domestic front, data showed that Japan's private sector growth held steady in July, with continued strength in services...
European stock markets rose on Thursday, as investors digested a flood of corporate earnings ahead of the European Central Bank's latest policy decision and the release of regional growth data. At 3:05 a.m. ET (08:05 GMT), Germany's DAX was up 0.2%, France's CAC 40 was up 0.3% and the U.K.'s FTSE 100 was up 0.1%. European equities benefited on Thursday from a rise in U.S. stock futures after the release of quarterly results from a number of megatech companies after the previous session's close, following the Federal Reserve's decision to keep interest rates unchanged. However, attention...
Japanese stocks edged higher after the close on Thursday (1/30), as gains in the Communications, Electrical/Machinery and Manufacturing sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 was up 0.03%. The best performers on the Nikkei 225 were CyberAgent Inc (TYO:4751), which rose 4.94% or 56.00 points to close at 1,190.00. Meanwhile, DeNA Co Ltd (TYO:2432) gained 4.33% or 117.00 points to close at 2,820.00 and Sumitomo Dainippon Pharma Co Ltd (TYO:4506) gained 3.66% or 21.00 points to close at 594.00. The worst performers on the session were Japan Exchange Group Inc...
The Nikkei 225 Index slipped 0.1% to just below 39,400, while the broader Topix Index dropped 0.2% to 2,770 on Thursday, paring gains from the previous session. The declines mirrored losses on Wall Street overnight, following the Federal Reserve's decision to pause its rate-cutting cycle and its acknowledgment that inflation remains "somewhat elevated." Investor sentiment was also impacted by mixed earnings from major US tech companies, including Tesla, Meta Platforms, and Microsoft. Notable losses were seen in companies such as Sumitomo Mitsui (-1.3%), SoftBank Group (-1%), Keyence...
The Federal Reserve kept interest rates at the current target range of 4.25% to 4.50% at the conclusion of its January meeting, but policymakers warned that inflation remains "somewhat elevated." The pause comes after the central bank cut rates three consecutive times to end 2024.At his press conference, Federal Reserve Chair Jerome Powell emphasized that the central bank is in no hurry to adjust its policy stance, particularly as the economy remains strong.There is a wide range of possibilities when it comes to the potential effects of tariffs, according to Fed Chair Powell."The range of...
The Federal Reserve is widely expected to leave monetary policy settings unchanged following the January meeting.Fed Chairman Powell's presser could provide important clues about the rate outlook.The US Dollar could come under bearish pressure if the Fed leaves a rate cut in March on the table. The United States (US) Federal Reserve (Fed) will announce monetary policy decisions following the first policy meeting of the year on Wednesday. Market participants widely anticipate that the US central bank will leave monetary policy settings unchanged after cutting the interest rate by 25 basis...