The Nikkei 225 and Topix indexes rallied nearly 2% on Wednesday, with the latter reaching one-year highs after US President Donald Trump announced a trade agreement with Japan that includes a 15% tariff on Japanese exports to the US. Trump also revealed that Japan will invest $550 billion into the US and open its markets to key American goods. The news sparked broad-based gains, led by Japanese automakers. Toyota Motor jumped 9.8%, Honda Motor rose 8.8%, and Nissan Motor climbed 9%. Financials, industrials, and consumer stocks also posted strong advances, reflecting optimism over improved...
US stocks rose on Friday, with the S&P 500 up 0.5%, the Nasdaq up 0.9% and the Dow Jones up about 90 points, boosted by a nearly 4% jump in Apple shares. The tech giant reported a 4% increase in revenue and issued a positive outlook for the current quarter, even as iPhone sales missed expectations. Intel, meanwhile, rose 1% and AbbVie jumped about 7.6% after its earnings and revenue beat expectations. On the other hand, Exxon Mobil fell 0.8% after its earnings missed estimates and Chevron shares fell about 2.2% as its refining business posted its first loss since 2020. On the data...
European equity markets are set to open little changed on Friday after hitting record highs in the previous session, supported by strong earnings and a favorable policy environment. On Thursday, the European Central Bank cut its main deposit rate by 25 basis points, as expected, and signaled that further cuts could follow. Recent data showed that the euro zone economy unexpectedly stalled in the last quarter, led by contractions in Germany and France. On the corporate side, Swiss pharmaceutical company Novartis reported better-than-expected fourth-quarter sales, which rose 16% to $13.2...
Japanese stocks rose after the close on Friday (1/31), as gains in the Rubber, Transportation and Glass sectors boosted shares. At the close in Tokyo, the Nikkei 225 gained 0.34%. The best performers on the Nikkei 225 were NEC Corp. (TYO:6701), which rose 18.38% or 2,410.00 points to trade at 15,525.00 at the close. Meanwhile, Tokyo Gas Co., Ltd. (TYO:9531) gained 7.04% or 289.00 points to close at 4,392.00 and JTEKT Corp. (TYO:6473) gained 6.39% or 73.50 points to 1,224.00 at the close. The worst performers on the session were Hino Motors, Ltd. (TYO:7205), which plunged 12.24% or 71.10...
The Nikkei 225 Index edged up 0.15% to around 39,570, while the broader Topix Index gained 0.3% to 2,790 on Friday, marking a third consecutive day of gains for Japanese shares as investors responded positively to strong economic data. Retail sales in Japan exceeded expectations in December, and industrial production returned to growth. The country's unemployment rate also dropped to 2.4% in January, down from 2.5% in the previous two months, defying forecasts of no change. Local stocks also drew support from a positive lead on Wall Street, where solid earnings from major US tech companies...
Stocks wavered on Thursday after President Donald Trump reiterated his tariff threats. The Dow Jones Industrial Average popped 168 points, or 0.4%. At its session highs, it had added nearly 300 points. The S&P 500 rose 0.5%, while the Nasdaq Composite gained 0.3%. Stocks cut gains late in the session after President Donald Trump announced his intention to implement 25% tariffs on goods imported from Canada and Mexico.Elsewhere, Wall Street digested recent quarterly results from a slew of megacap tech companies. Shares of Meta Platforms and Tesla respectively added 1% and 3%, while...