European stocks closed slightly lower on Tuesday after reaching record peaks on the previous session on mixed earnings results, while markets continued to assess the outlook on global trade and European rates. The STOXX 50 inched down by 5,701 and the STOXX 600 lost 03% to 576. Pharmaceutical companies led the losses in the session with a 4.3% slump for Novartis after the Swiss giant posted softer earnings than expected. Roche and Novo Nordisk both fell 2.5% In the meantime, BNP Paribas fell 3.5%, also on an earnings miss. On the other hand, HSBC jumped 4.4% after raising its 2025...
European stocks moved steadily at the start of the week, while the French CAC 40 index fell 0.7%. This decline occurred after President Emmanuel Macron appointed a new cabinet that remained largely unchanged. This decision drew strong criticism from opposition parties and raised market concerns about political stability in France. Pictet Asset Management analyst Christopher Dembik said the market may not be calm for long. He said the future of Macron's government appears uncertain. New elections are possible, although Macron could also delay major changes until his term ends in 2027. In...
The Nikkei 225 index closed up 4.8% to 47,944.76 on Monday (October 6), posting its biggest daily surge since April. The rise was led by heavy industry and electronics stocks, which benefited from expectations of new fiscal stimulus after Sanae Takaichi was named Japan's next Prime Minister. Market sentiment was boosted by hopes that Takaichi's pro-stimulus administration would support economic growth, while the Bank of Japan was expected to delay interest rate hikes. Stocks such as Mitsubishi Heavy Industries and Tokyo Electron recorded significant surges. In addition to domestic...
The political deadlock in Washington has shaken the Hong Kong stock market. The Hang Seng Index fell 0.6% this morning to 26,976.92, driven by concerns about the US government shutdown, which has triggered a flight to safe havens like gold. The pressure was even deeper in the technology sector, with Hang Seng Tech falling 1.5%. Major stocks like SMIC, Kuaishou, Li Auto, and BYD all fell by more than 3%. On the other hand, safe haven stocks shone. Zijin Mining, a giant gold miner, jumped 4% as gold continued to be sought amid US uncertainty. Tencent and Meituan also managed to gain some...
Asian stocks surged to new highs, led by Japan's Nikkei 225, which surged more than 4% following the election of pro-stimulus lawmaker Sanae Takaichi as the next prime minister. This unexpected political shift boosted investor optimism, fueling gains across the region and pushing the MSCI Asia stock index to a record high. Meanwhile, the Japanese yen weakened sharply against the US dollar and the euro, sliding toward the psychologically key 150-dollar level as concerns about a delay in the Bank of Japan's interest rate hike intensified.Gold continued its strong rally, rising above $3,900 an...
Japanese stocks surged nearly 3% in early trading Monday after pro-stimulus politician Sanae Takaichi won the Liberal Democratic Party leadership election. This victory paves the way for Takaichi to become Japan's first female prime minister and fueled market optimism over the potential for increased fiscal spending and economic stimulus. The yen weakened 1.2% against the dollar, approaching the 150 level—a key psychological point for the foreign exchange market. Meanwhile, Japanese bond yields are expected to rise due to expectations of increased debt issuance under Takaichi's leadership....