European stock markets closed higher in Tuesday trading as the Stoxx Europe 600 was up 0.33%, Germany's DAX climbed 1.03%, the FTSE 100 gained 0.60%, France's CAC 40 advanced 0.72%, and the Swiss Market Index rose 0.37%. In Spain, GDP rose 0.7% in Q2 compared with 0.6% the previous quarter, according to the Spanish Statistical Office. Analysts expected the rate to remain at 0.6%, according to Bloomberg. In corporate news, Novo Nordisk reported Q2 earnings Tuesday of 5.96 Danish krone ($0.92) per diluted share. Analysts polled by FactSet expected 6.04 krone per share. Sales for the quarter...
Stocks were slightly higher Tuesday, as investors look to wrap up another booming year that hoisted the S&P 500 to its second consecutive annual gain exceeding 20%, spurred by enthusiasm for rate cuts, economic strength and artificial intelligence. The broad market index traded 0.3% higher, while the Nasdaq Composite added 0.2%. The Dow Jones Industrial Average advanced 141 points, or 0.3%. The S&P 500 has surged 24% in 2024, building on a gain of 24.2% from last year. The two-year gain of around 54% is the best since the nearly 66% rally in 1997 and 1998. Meanwhile, the Dow has...
US stock futures rose on Tuesday, signaling a rebound after three days of losses and a continuation of Wall Street's strong rally in 2024. S&P 500 and Nasdaq 100 futures rose 0.4%, while Dow Jones futures rose 75 points. The S&P 500 is on track to post a strong gain of about 27% for the year, driven by factors including anticipated interest rate cuts, strong corporate earnings and significant investments in artificial intelligence (AI). Companies such as Palantir Technologies and Nvidia are leading the way with triple-digit gains. The Dow Jones is also performing well, up about...
European markets, including the Stoxx 600, FTSE 100 and CAC 40, traded almost flat on Tuesday ahead of the New Year holiday, reflecting a subdued mood amid political uncertainty and cautious sentiment. Wizz Air bucked the trend, rising on an upbeat growth forecast for 2026. Regional markets are set to close 2024 with modest gains, with the Stoxx 600 up 5.5% for the year. European equities have lost momentum after hitting a record high in September, weighed down by concerns about U.S. tariffs under President-elect Trump and political instability in France and Germany. The CAC 40 is down 2.5%...
European equity markets opened flat on Tuesday, the last trading day of 2024, as traders wrapped up activity ahead of the New Year holiday. Most regional markets are scheduled to close early or remain closed until Jan. 2. Meanwhile, market participants are closely watching how significant U.S. policy shifts, including tariffs, deregulation and tax reform under President-elect Donald Trump, could affect Europe in the year ahead. European stocks remain on track to post modest annual gains. In Asia, official data showed that China's factory activity expanded at a slower pace in December,...
Asian stocks eased on Tuesday in cautious end-of-year trading that has seen investors scale back bets of deep U.S. rate cuts in 2025 and brace for the incoming Trump administration, with the dollar standing tall against most other currencies. Volumes were light with a holiday for the New Year looming and Japan on holiday for the rest of the week, with the Santa-rally losing some steam as elevated Treasury yields weigh on high equity valuations and boost the greenback. MSCI's broadest index of Asia-Pacific shares outside Japan nudged down 0.2% but was set for an 8% gain in 2024, its second...