Japan's Nikkei stock index rose 0.9% to 49,443.48 in the latest trading session, following a positive rally on Wall Street overnight. The rise was fueled by lower-than-expected US inflation data, raising investor expectations that the Federal Reserve may cut interest rates next year. Chris Beauchamp, an analyst at IG, said investors want to see data supporting the Fed's case for a rate cut. However, he also highlighted the risk that uncertainty about price trends could dampen market optimism about further rate cuts. In the Japanese stock market, several leading companies posted significant...
The Dow Jones Industrial Average rebounded on Friday after New York Federal Reserve President John Williams suggested the central bank could cut interest rates yet again this year. The blue-chip index gained 529 points, or 1.2%. The Nasdaq Composite advanced 1.1%, as did the S&P 500 "I view monetary policy as being modestly restrictive, although somewhat less so than before our recent actions," Williams said in remarks for a speech in Santiago, Chile. "Therefore, I still see room for a further adjustment in the near term to the target range for the federal funds rate to move the stance...
European stocks posted their worst week since August as a risk-off mood hit some of this year's biggest winners on concerns about lofty technology valuations and an uncertain US monetary policy outlook. The Stoxx Europe 600 Index was down 0.3% by the close, extending losses since Monday to 2.2%. The index came off session lows after Federal Reserve Bank of New York President John Williams said he sees room for the US central bank to cut interest rates again in the near term. Energy and technology stocks tumbled the most on Friday, while defensive sectors including food...
European stock markets opened lower on Friday (November 21st), as volatility in US technology stocks returned to the Atlantic. Shortly after the opening bell, the pan-European Stoxx 600 index fell 0.75%, with nearly all sectors and major bourses in negative territory. Global stocks have fluctuated sharply this week, as concerns about AI valuations have plagued equity markets. They eased slightly from a four-day sell-off following Nvidia's earnings release on Wednesday, but their gains were quickly reversed during Thursday's trading session as New York-listed stocks continued to...
The Hang Seng Index plunged 615 points, or 2.4%, to close at 25,220 on Friday (November 21), extending last week's decline and marking its lowest level in five weeks. The decline occurred broadly amid sharp fluctuations in global equities. The technology sector slumped 3.2% to a three-month low, mirroring the weak performance of US tech stocks on Thursday. Consumer, property, and financial stocks also fell sharply, following a decline in mainland Chinese markets, which hit their lowest level since mid-October. On a weekly basis, Hong Kong markets slumped 5.1%, reversing gains from the...
The Japanese stock market closed lower on Friday, with the Nikkei 225 index falling 2.30%. The paper & pulp, transportation, and communications sectors were the main drags on the index. Despite the steep decline, the market mood wasn't entirely negative, as several large stocks still rallied. Among the top gainers, M3 Inc rose 6.9%, Obayashi Corp surged nearly 5% to hit an all-time high of 3,125, and Nitori Holdings rallied around 4.1%. Overall, the number of stocks rising was far greater: 2,522 rose, 1,117 fell, and 190 remained unchanged on the Tokyo Stock Exchange. This means that...