US stocks recovered from sharp early losses on Friday (November 14th), but closed flat to lower as investors bought back major technology stocks and reassessed the likelihood of a December interest rate cut. This left the S&P 500 and Nasdaq 100 largely stagnant, while the Dow Jones Industrial Average closed 280 points lower. Nvidia, Microsoft, Oracle, and Palantir each rose between 1.1% and 2.4%, reversing some of Thursday's sharp declines in tech stocks. Meanwhile, defensive stocks lagged, with United Healthcare down 3.2% and Home Depot down 1.6%. Stock movements remained uneven, with...
European equity markets are set to open flat on Monday (1/20) as caution prevails ahead of Donald Trump's inauguration. Traders are focused on his promises to raise tariffs, tighten immigration, lower taxes and increase deregulation, which could have significant implications for major economies such as the EU. Investors are also looking ahead to the World Economic Forum in Davos, Switzerland, this week, where political and business leaders will meet to discuss key global issues. Meanwhile, there are no major economic or earnings releases scheduled in Europe today. In premarket trading, Euro...
The Nikkei 225 jumped 1.17% to close at 38,902 while the broader Topix index gained 1.19% to 2,711 on Monday (20/1), recovering losses from last week as investors prepared for Donald Trump's inauguration and braced for the impact of his potential policies. Domestic data revealed a surprise 3.4% month-on-month rise in Japanese machinery orders in November, defying market expectations for a 0.4% decline and marking the strongest growth in nine months. Looking ahead, the market is focused on the Bank of Japan's upcoming monetary policy decision, especially after hints from central bank...
Asia-Pacific markets traded mostly higher Monday (20/1), ahead of Donald Trump's inauguration with investors awaiting greater clarity on the policies of the incoming U.S. administration. Australia's S&P/ASX 200 rose 0.4%. Japan's Nikkei 225 climbed 1.38%, while the Topix added 1.37%. South Korea's Kospi traded around the flatline and the Kosdaq slipped 0.16%. Hong Kong's Hang Seng index rose 1.19% at the open, while mainland China's CSI 300 inched 0.73% higher as China left its benchmark lending rates unchanged Monday. The People's Bank of China held the 1-year loan prime rate at...
The Nikkei 225 jumped 1% to above 38,800 while the broader Topix index rose 1% to 2,706 on Monday , recovering losses from last week as investors prepared for Donald Trump's inauguration and braced for the potential impact of his policies. Domestic data revealed a surprise 3.4% month-on-month rise in Japanese machinery orders in November, defying market expectations for a 0.4% decline and marking the strongest growth in nine months. Looking ahead, markets are focused on the Bank of Japan's upcoming monetary policy decision, especially after hints from central bank officials about a...
U.S. stocks rallied on Friday to close out a strong week on optimism over the health of the economy and path of interest rates as investors braced for a slew of policy changes under the incoming Trump administration. The S&P 500 and Dow Industrials registered their biggest weekly percentage gains since early November and the Nasdaq recorded its best since early December. Data this week allayed fears that inflation would resurge while expectations have grown that the Federal Reserve will bump up the timing and magnitude of rate hikes this year. The Commerce Department reported on Friday...