Asian stock markets opened cautiously at the start of the week, with the MSCI Asia Pacific index rising slightly by 0.2%. The Kospi led the gains, while Japan's Nikkei index fell 0.5% after data showed the Japanese economy contracted again. Japanese retail and tourism stocks also weakened due to escalating tensions with China. US stock futures rose 0.3%, providing some positive sentiment. Investors are now awaiting a slew of US economic data, which returns after a long pause due to the shutdown, including the jobs report. At the same time, risk appetite appears to be weakening as AI stock...
Japanese stocks closed Tuesday with mixed results due to profit-taking after a strong rally fueled by stimulus hopes under Sanae Takaichi. The Topix edged up 0.1% to 3,227.91, while the Nikkei was nearly flat at 47,950.88. Of the 1,672 Topix constituents, 803 rose, 796 fell, and 73 were unchanged. According to Anna Wu (VanEck), the market is "just taking a breather" after yesterday's 4.8% surge—a common pattern following event-driven moves. The yen's weakness—holding above 150 per dollar—has provided a boost to exporters, particularly automotive companies. Toyota rose 1.7% and was the...
Japanese stocks rise due to growing hopes that newly elected ruling-party leader Sanae Takaichi will take more aggressive fiscal steps to stimulate the economy. Heavy-industry and real-estate stocks lead gains. IHI rises 5.3% and Sumitomo Realty & Development is 4.6% higher. USD/JPY is at 150.43, compared with 150.13 as of Monday's Tokyo stock market close. Investors are closely watching any details of Takaichi's policy steps. The Nikkei Stock Average is up 1.1% at 48470.54. Source : Marketwatch
The S&P 500 and Nasdaq 100 extended record closes on Monday, rising 0.4% and 0.8%, fueled by AI-related dealmaking that boosted investor sentiment despite the US government shutdown entering its second week. The Dow Jones slipped 65 points, dragged down by Home Depot and Verizon. AMD surged 23.7% after announcing a multiyear deal to supply AI chips to OpenAI, with an option for the company to acquire up to 10% of AMD, fueling optimism for broader M&A activity. Comerica jumped 13.7% following a $10.9 billion all-stock acquisition agreement with Fifth Third Bancorp. Investors largely...
The S&P 500 and Nasdaq Composite closed at record highs on Monday, spurred by optimism about increased mergers and acquisitions activity after two major deals were announced. The broad market S&P 500 gained 0.36% to end the day at 6,740.28, while the tech-heavy Nasdaq advanced 0.71% to finish at 22,941.67. The Dow Jones Industrial Average, however, fell 63.31 points, or 0.14%, to close at 46,694.97, weighed down by a decline in shares of Sherwin-Williams and Home Depot. The S&P 500 and Nasdaq saw a boost from AMD jumping almost 24% after the company reached a deal with Sam...
Euro Area Stock MarketEuropean stocks closed mostly lower on Monday as fresh political turmoil in France rekindled concerns of fiscal instability among the Eurozone's largest economies. The Eurozone's STOXX 50 dropped 0.3% to 5,633 and the pan-European STOXX 50 closed flat at 571. Markets were rattled by the resignation of Prime Minister Lecornu as the French parliament remained against spending cuts in the country's budget, just weeks after taking office and a day after President Macron unveiled a new government. French banks and insurers fell sharply as the slide for OATs pressured their...