European stocks extended gains on Friday, with the STOXX 50 up 0.4% and the STOXX 600 rising 0.3% to fresh record highs, as optimism around artificial intelligence continued to buoy global investor sentiment. Momentum was further supported by news of fresh industry alliances - Hitachi teaming up with OpenAI and Fujitsu partnering with Nvidia. At the same time, investors monitored developments around the US federal government shutdown, though its market impact has so far remained limited. Among sectors, basic resources, banks, autos, and financial services led the gains, while technology...
Wall Street's main indexes bounced back on Monday after a sharp pullback in the previous session, buoyed by growing expectations of deeper Federal Reserve interest rate cuts following an unexpectedly weak jobs report. At 11:39 a.m. ET, the Dow Jones Industrial Average rose 463.55 points, or 1.06%, to 44,052.13, the S&P 500 gained 74.56 points, or 1.20%, to 6,312.57 and the Nasdaq Composite gained 325.95 points, or 1.58%, to 20,976.08. Both the S&P 500 and the Nasdaq were on track for their biggest single-day jump in more than two months. This is in contrast to Friday, when a...
Wall Street's main indexes opened higher on Monday after a sharp pullback in the previous session, as markets priced in prospects of deeper rate cuts by the Federal Reserve following a surprisingly soft jobs report. The Dow Jones Industrial Average (.DJI), opens new tab rose 135.4 points, or 0.31%, at the open to 43724.02. The S&P 500 (.SPX), opens new tab rose 33.7 points, or 0.54%, to 6271.71, while the Nasdaq Composite (.IXIC), opens new tab rose 203.8 points, or 0.99%, to 20853.907. Source: Reuters
The Hang Seng climbed 226 points or 0.9% to end at 24,733 on Monday, snapping a four-session dip as all sectors gained. Traders looked ahead to developments on the U.S.-China trade truce, set to expire on August 12. Meanwhile, U.S. Treasury Secretary Bessent said Washington is optimistic about reaching a deal with China, following recent trade talks in Stockholm. Separately, China's top leaders pledged to support the economy and rein in "disorderly competition" during last week's Politburo meeting. Beijing also confirmed its fourth plenum will be held in October, likely focusing on the next...
European stock markets opened positively this week, with the Euro Stoxx 50 up 0.6% and the broader Stoxx 600 up 0.2%. This rebound follows a sharp selloff last week, when both indexes fell more than 3% amid concerns about the resilience of the US economy, fueled by unexpectedly weak employment data and renewed global growth concerns after President Trump announced new tariffs. Adding to the uncertainty, Trump's firing of the head of the Bank of England has raised concerns about the credibility of upcoming economic data. Looking ahead, investor attention will turn to several key events this...
Japanese stocks weakened after the close on Monday (August 4th), as weakness in the Paper & Pulp, Transportation, and Communications sectors led to declines. At the close of trading in Tokyo, the Nikkei 225 fell 1.22%. The best-performing stocks on the Nikkei 225 were Nintendo Co Ltd (TYO:7974), which rose 5.12%, or 645.00 points, to trade at 13,240.00. Meanwhile, Sumitomo Chemical Co., Ltd. (TYO:4005) rose 4.58%, or 16.80 points, to close at 383.80, and Hoya Corp (TYO:7741) rose 3.23%, or 565.00 points, to close at 18,065.00. The worst-performing stocks during the session were Yamaha...