The Dow Jones Industrial Average (DJIA) hit another weak patch on Monday, backsliding nearly 500 points and slipping back below the 47,000 handle to start the new trading week with many of the same questions from last week going unanswered. The AI segment continues to see new challenges amid concerns about endpoint revenues, and investors are hoping that a kickstart to official data sources following the reopening of the federal government will help push the Federal Reserve (Fed) to deliver a third straight interest rate cut in December. Alphabet shares supported by Berkshire...
European stocks rallied on Monday (November 10th), rebounding from a three-week low hit on Friday, as investors welcomed early signs that the historic US government shutdown was nearing an end and as fears of a tech bubble ebbed last week. The STOXX 50 jumped 1.8% to 5,670 points, while the broader STOXX 600 gained 1.5% to 573 points, after US House Speaker Mike Johnson said the House of Representatives should vote "as soon as possible" following Sunday's narrow Senate approval of the first phase of a bill to end the government shutdown. Optimism was further bolstered by a wave of upbeat...
Wall Street's main indexes opened higher on Monday, with risk sentiment aided by signs of progress in Washington to end a record U.S. government shutdown that has stalled economic data releases and intensified concerns over the state of the economy. The Dow Jones Industrial Average rose 108.0 points, or 0.23%, at the open to 47,095.06. The S&P 500 rose 56.6 points, or 0.84%, at the open to 6,785.36, while the Nasdaq Composite rose 350.3 points, or 1.52%, to 23,354.853 at the opening bell. Source : Reuters
European stocks traded higher on Monday, with the STOXX 50 up 1.4% and the STOXX 600 gaining 1.1%, tracking global optimism that the longest US government shutdown may soon end. Sentiment improved after eight Democrats joined nearly all Republican senators to advance a bipartisan deal, passed 60–40, that would reopen the federal government and fund it through the end of January. Corporate news also lifted sentiment. Novo Nordisk rose 2.7% after dropping its bid for weight-loss drugmaker Metsera. ASML (+2.7%), LVMH (+1.4%), SAP (+1.7%), and Siemens (+2.5%) posted strong gains, while Diageo...
The Hang Seng surged 407 points, or 1.6%, to close at 26,649 on Monday, rebounding from losses in the prior session as global equities advanced after the U.S. Senate reportedly moved forward with a measure to reopen the government and end a 40-day shutdown. All sectors rallied, led by consumer and technology shares, after mainland markets hit a decade-high amid signs that producer price deflation eased in October and consumer prices turned positive for the first time since February. Sentiment also improved after Beijing signaled it would ease pressure on the global auto industry following...
Japanese stocks closed higher on Monday, supported by gains in technology and energy shares. The Nikkei 225 index rose 0.9% to close at 50,725.80, continuing its positive trend as a weaker yen boosted Japan's export prospects. NEC shares rose 2.7%, while energy company Inpex rose 2.3%. The Nikkei's rise was also driven by optimism regarding the Japanese corporate earnings season. Investors awaited the upcoming results from major companies such as Sumitomo Metal Mining and Subaru Corp. Expectations that these companies would post solid earnings boosted market confidence. However, not all...