European stocks ended mixed on the last trading day of the year. The pan-European Stoxx 600 index closed a shortened trading session 0.1% lower on Wednesday, with most sector indexes in negative territory. The U.K.'s FTSE 100 ended the day down 0.2%, bringing the index to an annual gain of 21.5% – its strongest yearly gain since 2009. Meanwhile, France's CAC 40 ended New Year's Eve down 0.2%, while Germany's DAX rose 0.6%. Italy's FTSE MIB gained 1.1%, bringing annual gains to 31.5% and its best year since 1998. Markets were open for a half-day of trading on Wednesday, and will be closed...
The S&P 500 rose 0.8%, the Nasdaq rose 0.6%, and the Dow Jones Industrial Average added 300 points, with technology stocks outperforming after reports that Nvidia (+1.5%) plans to begin shipping its H200 AI chip to China in mid-February. Meanwhile, Oracle added 3.2% and Micron Technology grew 4%. The energy sector also saw gains, with leading stocks like Exxon Mobil and Chevron rising 1.3% and 1.4%, respectively, as oil prices rallied on renewed supply concerns related to US action against Venezuela, while non-essential consumer goods and materials sectors posted modest gains. These...
European markets moved into negative territory on Monday as last week's positive sentiment wears off. The pan-European Stoxx 600 provisionally ended the session 0.1% lower. It follows a record-breaking previous session where Europe's benchmark index hit a fresh intraday high of 588.07 points, as investors digested a swathe of interest rate decisions. Danish renewables giant Orsted fell sharply in late trading after the U.S. Department of the Interior said Monday it was suspending leases on five offshore wind projects already under construction. U.S. Interior Secretary Doug Burgum cited...
The S&P 500 rose on Monday, spurred by a rise in technology shares, to start a shortened holiday week. The broad market index climbed 0.5%. The Dow Jones Industrial Average advanced 133 points, or 0.3%. The Nasdaq Composite climbed 0.7%. Key stocks linked to artificial intelligence offered a boost to the broader market. Nvidia shares rose 1% after Reuters said the company is looking to begin shipments of its H200 chips to China by mid-February. Meanwhile, Micron Technology and Oracle climbed almost 2.5% and more than 1%, respectively. Wall Street is coming off a mixed week for the...
Both the STOXX 50 and the STOXX 600 traded around the flatline on Monday, as investors adopted a cautious stance amid a lack of fresh catalysts. The only notable data release was the UK's final GDP growth figures, which confirmed the preliminary estimate. Trading conditions are expected to remain subdued this week, as the schedule is shortened by the Christmas holiday, with most major European stock exchanges closed on Thursday and Friday. Meanwhile, investors continue to monitor developments in the war in Ukraine, after a Kremlin aide said that European and Ukrainian revisions to US peace...
The Hang Seng rose 111 points, or 0.4%, to close at 25,802 on Monday, hitting its highest level in over one week and extending gains for a fourth straight session. The move tracked a rise in U.S. futures after a rebound in AI-related stocks fueled an upbeat session on Wall Street. Sentiment was also supported by the PBoC's decision to keep key lending rates at record lows for a seventh straight meeting, as the economy remains on track to meet this year's growth target. Traders took advantage of shortened trading hours this week amid hopes of further Fed rate cuts and a lack of strong market...