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...
Asian stocks slipped at the open on Friday after risk sentiment faded on Wall Street, following news of bad debts at two US banks that heightened credit market concerns. US index futures also indicated further weakness. Japan, Australia, and South Korea all fell, in line with Wall Street's overnight slump: the S&P 500 fell 0.6% (financials -2.8%) and the Nasdaq 100 fell 0.4%. Hedging assets rallied: gold and silver hit record highs, while Treasury yields continued to fall—the 2-year yield to its lowest level since 2022 and the 10-year below 4%. The dollar index weakened, heading for its...
The Nikkei Stock Average falls 0.8% to 47885.32 in early trade, tracking Wall Street's declines overnight. The main theme has been risk-off, Commerzbank Research analysts say in a research report. Investors became uneasy about bad loans at two regional banks in the U.S., triggering worries over broader credit stress in the American economy, the analysts add. Among the worst performers on Japan's benchmark index, Disco Corp. drops 3.2%, Chugai Pharmaceutical sheds 3.05%, and Screen Holdings loses 3.1%. USD/JPY is at 150.18, compared with 150.44 late Thursday in New York. Source: Bloomberg
Wall Street stocks fell on Thursday (October 16th), losing earlier gains as resurgent credit concerns and ongoing US-China trade tensions weighed on sentiment. The S&P 500 and Nasdaq 100 each fell more than 0.7%, while the Dow Jones Industrial Average lost more than 300 points. Financial stocks led the selloff, with regional banks like Zions Bancorporation (-13%) and Western Alliance (-10.8%) plummeting after reporting substantial loan losses. This decline came despite an early-session rally driven by chipmakers after TSMC raised its full-year revenue forecast and reported a nearly 40%...
European stocks rose on Thursday, with the Stoxx 50 rising 0.9% and the Stoxx 600 up 0.6%, led by food and beverage companies. The Stoxx Food & Beverage Index jumped 3.2% after Nestlé announced plans to cut 12,000 white-collar jobs, with an additional 4,000 roles to be eliminated over the next two years. German life sciences company Sartorius rose 9% after reporting a 7.5% rise in revenue and improved profitability for the first nine months of 2025. Nordea Bank shares rose around 3% to a record high, supported by stronger-than-expected loan income, with mortgage and corporate loans up...
US stocks advanced on Thursday, with the S&P 500 and Dow Jones each up 0.2%, while the Nasdaq Composite gained 0.6%. The move followed a volatile session the day before, as investors focused on corporate earnings and the AI rally regained momentum after Taiwan Semiconductor Manufacturing raised its revenue-growth target. Communication services, technology, and utilities led the gains, while financials underperformed. Among major movers, Nvidia rose 1.4%, Alphabet added 1.5%, Broadcom gained 1.7%, and Micron Technology advanced 2.3%. Charles Schwab was up 0.5% after an earnings beat and...