Wall Street's three major indexes managed to close Tuesday's choppy session higher, marking quarterly and monthly gains, even as investors braced for a U.S. government shutdown, which would delay key economic reports and muddy the Federal Reserve's interest rate policy outlook. With investors having bet for some time on a spate of further Fed rate cuts, the benchmark S&P 500, the tech-heavy Nasdaq and the Dow all gained for the second quarter in a row. For the S&P 500 and the Dow, it also marked their fifth straight monthly gain while the Nasdaq registered its sixth straight monthly...
European stocks closed flat on Friday, after data showed the U.K. economic growth stalled in July. The pan-European Stoxx 600 was flat at 0.09% with no broad consensus movement among sectors and major bourses.Data released on Friday morning showed that the U.K. economy recorded zero growth in July, following a 0.4% economic expansion the previous month. The economic flatlining adds to the Bank of England's considerations as it prepares to update its monetary policy next week. On Thursday, the European Central Bank left its key interest rate unchanged in a highly anticipated move. In...
Wall Street indexes opened subdued on Friday after notching record highs in the previous session, though they remained on track to log gains in a week of economic reports that solidified expectations for interest rate cuts. The Dow Jones Industrial Average fell 30.9 points, or 0.07%, at the open to 46,077.14. The S&P 500 rose 3.2 points, or 0.05%, to 6,590.66, while the Nasdaq Composite rose 35.6 points, or 0.16%, to 22,078.629. Source : Reuters
The Hang Seng Index rose 301 points, or 1.2%, to 26,387 on Friday (September 12), climbing for a sixth straight session to its highest level since August 2021. The index surged 3.8% for the week, its strongest weekly gain since March, amid record highs on Wall Street as rising US jobless claims reinforced speculation of a Fed rate cut next week, with further easing likely through the end of the year. Adding to the positive sentiment, US Treasury Secretary Scott Bessent will meet with Chinese Vice President He Lifeng in Madrid next week to continue talks on trade, economic, and security...
The STOXX 50 index edged up 0.1% to 5,390 points on Friday, its highest since late August, while the broader STOXX 600 also gained 0.1% to 555 points, as a jump in US jobless claims and a modest rise in inflation reinforced expectations of Federal Reserve rate cuts next week and beyond. Meanwhile, the ECB signaled its rate-cutting cycle is over, with President Lagarde saying the bank is in a "good place" and that growth risks are now more balanced. In corporate news, Banco Sabadell slipped 0.6% after its board unanimously rejected BBVA's €15 billion takeover offer, urging shareholders not...
The Nikkei 225 climbed 0.89% to close at 44,768 and the Topix added 0.4% to 3,160 on Friday, with Japanese stocks hitting fresh record highs in line with Wall Street's overnight gains. On Thursday, all three major US indexes closed at all-time highs as signs of a cooling labor market and subdued inflation fueled expectations for deeper Federal Reserve rate cuts. In Japan, investors continued to assess the Bank of Japan's policy path amid mixed economic signals and political uncertainty. Prime Minister Shigeru Ishiba recently announced his resignation, facing mounting pressure after last...