European stocks were in mixed territory on Wednesday morning, as regional market jitters grow over U.S. President Donald Trump's threat to annex Greenland. The pan-European Stoxx 600 was little changed shortly after the opening bell, with sectors and major regional bourses in mixed territory. Following the U.S.′ capture and arrest of Venezuela's leader Nicolas Maduro, global market attention is swiftly turning to President Trump's intentions when it comes to Greenland, an autonomous territory of Denmark. The president and his team are considering "a range of options" in order to acquire...
European equities extended gains for a fourth consecutive session on Thursday, with both the STOXX 50 and the STOXX 600 rising nearly 0.2% to fresh record highs. The advance reflected a broadly positive market sentiment following the resolution of the US government shutdown. After the House of Representatives approved the funding bill, President Trump signed it into law and reopening the government. Investors also focused on a series of corporate updates. Shares of Merck surged almost 7%, making it one of the top performers on the STOXX 600, after the company reported operating earnings...
Japanese stocks continued their rally on Wednesday (November 13th), boosted by the end of the US government shutdown, which boosted investor risk appetite. Furthermore, a weaker yen fueled expectations of an interest rate hike by the Bank of Japan (BoJ), which boosted banking stocks. The Topix index rose 0.7% to 3,381.72, while the Nikkei index rose 0.4% to 51,281.83. The weaker yen was a key factor supporting the Japanese stock market, with the yen weakening to near 155 per US dollar. Some analysts, such as Kazuhiro Sasaki of Phillip Securities Japan, said the weaker yen could prompt the...
Hong Kong stocks fell on Thursday after hitting a one-month high, as investors opted to remain cautious ahead of the release of quarterly earnings reports from major tech companies, including Tencent and JD.com, as well as Chinese economic data for November. The Hang Seng Index fell 0.1% to 26,888.09 as of 10:06 a.m. local time, with the Hang Seng Tech Index down 0.7%. In mainland China, the CSI 300 Index and the Shanghai Composite Index posted slight gains of 0.4% and 0.2%, respectively. Tencent shares fell 0.8% to HK$652, with the report expected to show profit growth slowing to 5% in the...
Asia-Pacific markets mostly rose Thursday, following mixed trading on Wall Street as investors kept an eye on the U.S. government, which appeared poised to reopen as soon as the end of the week. Japan's benchmark Nikkei 225 index rose 0.23% in early trading, while the Topix added 0.62% to hit a record high. South Korea's Kospi rose 1.07%, while the small-cap Kosdaq jumped 2.52%. Australia's S&P/ASX 200 was down 0.25%. Futures for Hong Kong's Hang Seng Index pointed to a lower open, trading at 26,899, against the index's previous close of 26,922.73. U.S. equity futures ticked lower...
Japan's Nikkei Stock Average is flat at 51063.78 as gains in financial shares offset losses in tech and energy stocks. Nomura Holdings is up 2.7% and Mitsubishi UFJ Financial Group is 2.0% higher while SoftBank Group is down 2.2% and Eneos Holdings is 1.1% lower. Broader market index Topix is up 0.4% at 3372.55. USD/JPY is at 154.84, compared with 154.66 as of Wednesday's Tokyo stock market close. Investors are closely watching quarterly corporate results. Daiwa House Industry and SMC are scheduled to release their results later Thursday. Source: Dow Jones Newswires