Britain's FTSE 100 index on Friday briefly surpassed the symbolic 10,000 points marker for the first time, extending gains after a bumper 2025. The FTSE 100 index — home to the U.K.'s most valuable blue-chip companies — ended the first trading day of the year 0.2% higher at 9,951, kicking off the year in positive territory. The index surpassed the 10,000 threshold at around 8:30 a.m. London time, before paring gains. Analysts told CNBC late last year that while the speed of the FTSE 100′s rise to the 10,000-point level was notable, investors should remain wary. The pan-European Stoxx 600...
The Nikkei 225 Index climbed 0.6% to around 39,600, while the broader Topix Index gained 0.5% to 2,756 on Friday, marking their highest levels in over three weeks after the US Federal Reserve cut interest rates by 25 basis points, further fueling the post-election rally. Investors were also looking ahead to potential stimulus announcements from China, as the National People's Congress Standing Committee wrapped up its five-day meeting. Domestically, data revealed that Japanese household spending in September declined, though at a slower pace than anticipated by the market. Notable...
European stocks regained ground on Thursday, boosted by technology and resources shares, while Britain's FTSE 100 dipped after the Bank of England cut interest rates but projected higher inflation following the new government's first budget. The pan-European STOXX 600 closed 0.7% higher, powered by a 2.2% bounce in the tech sector recouping losses from the previous session. Autos also added 2.2% after a more than 2% decline on Wednesday. Investors will now shift their focus to the U.S. Federal Reserve's interest rate decision at 1900 GMT. Europe's STOXX 600 gained as much as 1.9% in the...
Shares on Wall Street scaled record highs on Thursday, lifting stock markets around the world, while U.S. Treasuries yields retreated as investors processed a second Donald Trump presidency and awaited a Federal Reserve policy decision. The Fed is expected to cut interest rates by 25 basis points at the end of its policy meeting on Thursday, a decision that may seem a footnote given the uncertain economic terrain it may soon navigate under a second Trump administration. The S&P 500 rose 0.5%, the Dow Jones Industrial Average added 0.12%, and the Nasdaq Composite jumped 1.1%. All three...
The Hang Seng Index rose 2% at 20,953.34 in Hong Kong. The move follows the previous session's decrease of 2.2%. Meituan contributed the most to the index gain, increasing 5.6%. Haidilao International Holding Ltd. had the largest increase, rising 9.3%. Today, 65 of 82 shares rose, while 16 fell; all sectors were higher, led by commerce and industry stocks. Source : Bloomberg
Japanese stocks fell on Thursday as the yen slumped to its lowest since July, with Donald Trump's victory in the U.S. presidential election fueling expectations of a weaker yen due to his expansionary economic agenda. The Nikkei 225 fell 0.25% to close at 39,381.41. Trump's economic policies are seen as more expansionary and inflationary than Harris', reducing the likelihood of aggressive Federal Reserve interest rate cuts. The Japanese market, known for its size and liquidity, saw heavy trading in the dollar-yen pair during Asian hours. The yen fell 1.6% to 153.98 per dollar in Tokyo,...