The European stock markets closed lower in Thursday trading as the FTSE 100 in London slid 0.05%, Germany's DAX dropped 0.73%, France's CAC 40 fell 1.14%, The Stoxx Europe 600 slipped 0.71%, and the Swiss Market Index lost 0.8%. The seasonally-adjusted unemployment rate in the eurozone stood at 6.2% in June, unchanged from a revised figure in May, according to Eurostat data. In Germany, import prices dropped 1.4% year-over-year in June after a 1.1% fall in May, according to the country's Federal Statistical Office. German import prices were unchanged on a monthly basis. In corporate news,...
European stocks opened firmly in negative territory as investors digested earnings updates from a number of companies across the continent. The Stoxx Europe 600 and France's CAC 40 were down 0.4%, while the U.K.'s FTSE 100 and Germany's DAX were down 0.5% as of 8:25 a.m. in London. Elsewhere in the currency market, the British pound gained 0.2% after better-than-expected U.K. gross domestic product figures for the first quarter. Shares of German industrial giant Thyssenkrupp plunged 8% shortly after the opening bell Thursday, sending the company to the bottom of the regional Stoxx 600...
Japanese stocks fell after the close on Thursday (5/15), as losses in the Paper & Pulp, Transportation and Communications sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.88%. The best performers on the Nikkei 225 were Taiyo Yuden Co., Ltd. (TYO:6976), which rose 6.77% or 159.50 points to trade at 2,514.00 at the close. Meanwhile, Aozora Bank, Ltd. (TYO:8304) gained 5.75% or 114.50 points to close at 2,105.50 and Haseko Corp. (TYO:1808) gained 4.77% or 95.50 points to 2,098.50 in late trade. The worst performers on the session were Rakuten Inc (TYO:4755),...
Hong Kong shares rose 56 points, or 0.2%, to 23,691 during the morning session on Thursday (May 15), marking a second straight day of gains. Traders reacted to Beijing's decision to lift export curbs on rare earths and military-use technology for 28 U.S. entities, effective Wednesday, allowing exporters to apply for licenses for a 90-day period. China also temporarily lifted trade and investment bans on 17 U.S. companies, which it called a potential step to restart bilateral ties. Locally, Financial Secretary Paul Chan said Hong Kong's interest rates may remain low due to ample liquidity,...
The Nikkei 225 index fell 1% to around 37,700 while the broader Topix index fell 0.7% to 2,745 on Thursday, with Japanese shares dropping for a second straight session as the recent market rally fueled by the U.S.-China trade deal lost momentum. Analysts noted that while easing global trade tensions offered some relief, the broader outlook for corporate earnings and economic growth remained largely unchanged. Investors were also watching developments in a potential U.S.-Japan trade agreement, with Tokyo aiming to finalize a deal by June. In corporate news, Sony Group tumbled 4.7% after...
Asia-Pacific markets fell Thursday (15/5), after mostly gaining in the previous session on easing U.S.-China trade tensions. Japan's benchmark Nikkei 225 fell 0.90%, while the Topix lost 0.75%. South Korea's Kospi declined 0.29% while the small-cap Kosdaq slipped 0.37%. Australia's benchmark S&P/ASX 200 lost 0.24%. Hong Kong's Hang Seng index dropped 0.42%, while mainland China's CSI 300 was flat. "While markets have largely priced in peak tariff-related macro stress, we remain wary of a second wave of volatility, this time driven by fiscal policy uncertainty and weakening...