The Dow Jones Industrial Average (DJIA) tested all-new record highs early Monday, clipping into the high side in early trading before the weight of the upcoming week pushed investors back into familiar territory. A handful of Magnificent Seven (Mag7) companies will be posting their latest quarterly earnings this week, adding further high-impact events to an already burgeoning data docket. Dow Jones price forecastThe Dow Jones clipped a record high in intraday trading on Monday, tapping 45,130 for the first time ever before slumping back into last week's congestion. The DJIA is now battling...
Japan stocks were lower after the close on Thursday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 0.92%. The best performers of the session on the Nikkei 225 were Furukawa Electric Co., Ltd. (TYO:5801), which rose 11.33% or 635.00 points to trade at 6,238.00 at the close. Meanwhile, Sumitomo Electric Industries Ltd. (TYO:5802) added 2.61% or 68.50 points to end at 2,693.00 and Mitsubishi Logistics Corp. (TYO:9301) was up 2.33% or 25.50 points to 1,118.00 in late trade. The worst performers of the...
Europe stocks fall at open; EasyJet shares down 3% after earningsIt's ten minutes after the opening bell, and European markets are trading in negative territory. The pan-European Stoxx 600 index is 0.5% lower, with almost every sector in the red. Looking at regional bourses, the German DAX and French CAC 40 are both down by around 0.5%, while London's FTSE 100 has shed 0.4%. EasyJet reported a loss for the first six months of the year, but said current bookings indicate it will meet expectations for full-year profit. The airline said it made a pre-tax loss of £394 million ($529 million)...
Shares in Hong Kong fell 105 points or 0.4% to 23,717 on Thursday morning session, snapping gains in the prior two sessions following a tumble on Wall Street overnight as concerns mounted that a new budget bill in the U.S. would put more stress on an already large deficit. Markets retreated from their nearly two-month highs, hit the previous day, as broad-based losses across all sectors particularly property, consumer, and tech weighed on sentiment. Limiting further falls were upbeat notes from UBS highlighting a sharp revival in Hong Kong's IPO market in 2025, with year-to-date proceeds...
The Nikkei 225 Index dropped 0.8% to around 37,000 while the broader Topix Index lost 0.5% to 2,720 on Thursday, with Japanese shares hitting a two-week low and tracking a sharp selloff on Wall Street overnight. US stocks sold off on Wednesday as Treasury yields surged on concerns that a new US bill could further inflate the federal deficit. In domestic developments, Japan's core machinery orders a key leading indicator of capital investment unexpectedly surged 13% in March, far outpacing expectations for a 1.6% decline. Despite the upbeat data, sentiment was weighed down by weak economic...
Asia-Pacific markets fell on Thursday, tracking declines on Wall Street as investor sentiment soured on fears that a new U.S. budget bill would put even more stress on the country's ballooning debt. Japan's benchmark Nikkei 225 fell 1.06% at the open, while the Topix lost 0.85%. South Korea's Kospi slipped 0.59% and the small-cap Kosdaq declined 0.69%. Australia's benchmark S&P/ASX 200 fell 0.36%. Hong Kong's Hang Seng index slipped 0.24% in the open while mainland China's CSI 300 fell 0.14%.Investors will be looking out for the unveiling of New Zealand's 2025 budget. Stock futures...