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,...
The Nikkei 225 Index fell 1.3% to around 38,700, while the broader Topix Index fell 0.6% to 2,698 on Tuesday, extending last week's downtrend as Japanese markets reopened after a long holiday weekend. The declines were in line with global markets, as stronger-than-expected U.S. jobs data dampened speculation of further interest rate cuts by the Federal Reserve. Investors also took a cautious stance amid growing speculation that the Bank of Japan will raise its inflation forecast at its policy meeting this month, potentially signaling further rate hikes. Technology stocks led the declines,...
The Nasdaq fell on Monday, while the benchmark S&P 500 bounced off a two-month low and eked out a slight gain as U.S. Treasury yields stayed elevated with investors dialing back expectations on the pace of rate cuts from the Federal Reserve. Recent economic data have indicated a resilient economy with nagging price pressures, which has pressured equities. Comments from Fed officials have pushed bond yields higher. The S&P 500 had weekly losses in four of the last five weeks. Promised tariffs from President-elect Donald Trump have also fueled worries about inflation. Treasury...
All major European stock markets fell on Monday amid rising government bond yields and a surging U.S. dollar. The pan-European Stoxx 600 index ended the day 0.55% lower, with most sectors in negative territory. It's the second day of losses for investors in the FTSE 100 and CAC 40 while Germany's DAX has fallen for four consecutive days in a row. The Netherlands-headquartered Redcare Pharmacy was among the biggest losers for the day. The company's shares lost nearly a tenth of their value after German retailer dm-drogerie markt last week announced plans to become a competitor in the...
US stocks were lower on Monday, with the S&P 500 down 0.8%, the Dow Jones losing 80 points, and the Nasdaq dropping 1.4%, extending last week's losses. Investor sentiment has been weighed down by rising Treasury yields, driven by expectations of fewer Fed rate cuts this year and concerns over potential inflationary pressures from the incoming Trump administration's policies. Tech and communication services were the worst performing sectors while energy outperformed buoyed by rising oil prices following new US sanctions on Russia. Shares of Apple were down 2.4% after Counterpoint...
European markets opened lower on Monday, amid persisting jitters over the global economy. The pan-European Stoxx 600 index was 0.4% lower shortly after the opening bell, with most sectors in negative territory. Regional markets closed lower last Friday, as investors reacted to the latest U.S. jobs data that showed nonfarm payrolls were up by 256,000 last month — much more than the 155,000 forecast by economists polled by Dow Jones. The data subdued sentiment among global markets as it raised concerns that the U.S. Federal Reserve would proceed with caution when it comes to further interest...