The pan-European Stoxx 600 index provisionally closed just below the flatline on Wednesday, with sectors diverging as second quarter earnings season ramped up. The U.K.'s FTSE 100 finished flat, while France's CAC 40 nudged 0.06% higher, and Germany's DAX rose 0.23%. The euro extended its recent slide against the U.S. dollar, taking losses since the EU-U.S. trade deal announcement over the weekend to 2.3%. The U.S. dollar index was 0.6% higher following better-than-expected economic growth data and ahead of the Federal Reserve's interest rate decision. Source : CNBC
Stocks rose on Thursday after strong quarterly results from two Big Tech players eased concerns that advances in artificial intelligence would slow amid economic turmoil. The Dow Jones Industrial Average rose 83 points, or 0.2%. The S&P 500 gained 0.6%, near its level before President Donald Trump's "Liberation Day" tariff announcement in early April. The Nasdaq Composite rose more than 1%. Investor concerns that Trump's tariffs and a U.S. economic downturn would threaten AI trading eased after Meta Platforms posted stronger-than-expected first-quarter revenue, with Meta Chief...
Wall Street opened May on a strong note, with the S&P 500 rising 0.8%, the Dow Jones gaining 100 points, and the Nasdaq advancing 1.4%, supported by upbeat earnings from tech giants and optimism over global trade negotiations. Microsoft shares jumped 10% after the company projected stronger-than-expected growth for its Azure cloud business, while Meta gained over 6% on better-than-expected revenue. Meanwhile, General Motors climbed 1.5% after issuing a new 2025 profit forecast, while Eli Lilly lost 6% after its quarterly results and McDonald's slipped 2% following a decline in Q1...
The Nikkei 225 Index surged 1.13% to 36,452, while the broader Topix Index rose 0.46% to 2,679 on Thursday, with Japanese equities hitting a one-month high after the Bank of Japan kept its policy rate unchanged at 0.5%, as expected. Investor sentiment was further boosted by a dovish tilt in the BOJ's outlook, as the central bank cut its growth and inflation forecasts, signaling a lower likelihood of near-term rate hikes. The BOJ now projects GDP growth of 0.5% in 2025, down from 1% in its January forecast. Markets also welcomed renewed optimism over US-Japan trade talks, after President...
The Nikkei 225 Index climbed 0.5% on Thursday to surpass 36,200, reaching a one-month high as investors looked ahead to the Bank of Japan's latest monetary policy decision. The central bank is widely expected to keep its policy rate steady at 0.5%, as it assesses the possible effects of newly imposed US tariffs on Japan's export-reliant economy. Japanese shares also took cues from a positive lead on Wall Street , where investors brushed aside recession concerns after the US economy unexpectedly contracted in the first quarter. Adding to market optimism, hopes for progress in US-Japan trade...
The Nikkei 225 index rose 0.5% on Thursday to surpass 36,200, hitting a one-month high as investors awaited the Bank of Japan's latest monetary policy decision. The central bank is widely expected to keep its policy interest rate unchanged at 0.5%, as it assesses the likely impact of new U.S. tariffs on Japan's export-dependent economy. Japanese stocks also took cues from the upbeat outlook on Wall Street, where investors brushed aside recession fears after the U.S. economy unexpectedly contracted in the first quarter. Adding to market optimism, hopes for progress in U.S.-Japan trade talks...