US stocks rallied on Monday (July 21), with the S&P 500 and Nasdaq hitting new record highs as a strong start to the earnings season overshadowed concerns about impending tariffs. The Dow Jones Industrial Average rose more than 200 points, driven by solid gains in leading tech stocks like MetaTrader, Amazon, and Alphabet. So far, more than 85% of S&P 500 companies that have reported earnings have beaten expectations, fueling optimism despite rising market valuations. Verizon shares jumped more than 4% after its earnings beat expectations, while Block's surged more than 8% after news...
Asia-Pacific markets mostly fell Friday, with investors assessing November pay and household spending out from Japan. Real household spending in Japan fell 0.4% year on year in November, a softer fall compared to the 0.6% decline expected by a Reuters poll of economists. The fall was also less than the 1.3% decline seen in October. The average real income per household stood at 514,409 yen ($3,252.98) in November, up 0.7% from the previous yearJapan's Nikkei 225 fell 0.41% on its open, with the broad based Topix seeing a smaller loss of 0.27%.South Korea's Kospi was the only outlier,...
European stocks edged higher, with the STOXX 50 rising 0.2% and the STOXX 600 up 0.4%, recovering from earlier declines. Mining stocks led gains, rising 1.5%, while retail stocks trimmed losses to end 0.8% lower. Bavarian Nordic shares jumped 4.8% after announcing a DKK 150 million ($20.7 million) share buyback. Meanwhile, Danish shipping giant Moller-Maersk dropped 5.8% following a tentative US dockworkers' labor deal that eased strike fears, triggering a sell-off in shipping stocks. Stabilizing US Treasury yields and European borrowing costs brought some relief to markets, but concerns...
The Hang Seng fell 39 points, or 0.2%, to 19,241 on Thursday (1/9) after trading slightly higher in the morning, with losses in the financial and property sectors. The market ended lower for a fourth straight session after fresh data showed China's annual inflation rate hit a nine-month low of 0.1% in December while deflation in manufacturers continued for a 27th month. Cautious traders also digested details about Beijing's expanded consumer trade-in scheme amid drag from the property sector. Meanwhile, U.S. futures plunged, on growing concerns that there may be fewer interest rate cuts...
Japanese stocks fell after the close on Thursday, as losses in the Insurance, Financial Services and Mining sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.87%. The best performers on the Nikkei 225 were Chugai Pharmaceutical Co., Ltd. (TYO:4519), which rose 3.53% or 237.00 points to trade at 6,954.00 at the close. Meanwhile, DIC Corp. (TYO:4631) gained 2.77% or 95.00 points to close at 3,520.00 and Nintendo Co Ltd. (TYO:7974) gained 2.43% or 216.00 points to 9,119.00 in late trade. The worst performers on the session were Kawasaki Kisen Kaisha, Ltd. (TYO:9107),...
The Hang Seng dipped 168 points or 0.9% to close at 19,280 on Wednesday, falling for the third straight session and touching a six-week low as losses spread across sectors. Risk-averse sentiment prevailed as traders grappled with uncertainty over US interest rates and policies under incoming President Trump. Caution also persisted ahead of the March National People's Congress in China, with investors expecting limited policy action in the interim. Meanwhile, Chinese officials criticized Washington's decision this week to blacklist some tech firms from China over alleged military ties....