European shares closed higher on Tuesday, buoyed by better-than-expected corporate earnings and renewed optimism that the Federal Reserve may cut interest rates next month. The pan-European STOXX 600 index edged up 0.15%, with most regional bourses also trading in the green. Earnings season, in full swing, offered some relief for investors concerned about the impact of trade uncertainty on corporate performance. Diageo gained 4.9% after the world's biggest spirits maker forecast flat 2026 sales despite U.S. tariffs and upped its cost-savings target. The stock boosted the food &...
European markets are expected to open in mixed territory on Thursday, falling lower as President Donald Trump's tariffs disrupt global trade relations. The U.K.'s FTSE 100 is expected to open 8 points higher at 8,537, Germany's DAX is down 47 points at 22,611, France's CAC is down 2 points at 7,983 and Italy's FTSE MIB is down 32 points at 38,230, according to data from IG. Investors in Europe will be watching earnings from Hugo Boss, Hannover Re and Deliveroo, with no major data releases due later in the day. Thursday marks the second and final day of CNBC's CONVERGE LIVE event in...
Japan stocks were lower after the close on Thursday, as losses in the Shipbuilding, Manufacturing and Services sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.03%. The best performers of the session on the Nikkei 225 were Japan Steel Works Ltd (TYO:5631), which rose 6.15% or 344.00 points to trade at 5,933.00 at the close. Meanwhile, Advantest Corp. (TYO:6857) added 3.67% or 277.00 points to end at 7,830.00 and Denka Co Ltd (TYO:4061) was up 3.60% or 77.00 points to 2,213.00 in late trade. The worst performers of the session were Taiyo Yuden Co., Ltd....
The benchmark Hang Seng Index heads for the longest losing streak in two months amid tit-for-tat tariffs and countermeasures Hong Kong stocks fell for the fifth straight day on Thursday, marking the longest losing streak in two months, as investors worried about the global economy amid escalating trade-war risks. The Hang Seng Index declined 0.1 per cent to 23,572.63 as of 10.45am local time, adding to a loss of 3.2 per cent since March 6. The Tech Index retreated 1 per cent. On the mainland, the CSI 300 Index was little changed, while the Shanghai Composite Index lost 0.2 per...
The Nikkei 225 Index surged 1.2% to surpass 37,200, while the broader Topix Index gained 1% to 2,720 on Thursday, reaching their highest levels in a week. The rally mirrored Wall Street's rebound, driven by softer-than-expected US inflation data that eased market concerns about the economy. However, investor sentiment remained cautious as US President Donald Trump's steel and aluminum tariffs took effect on Wednesday, raising fears of a widening global trade war. In Japan, major firms agreed to significant wage hikes for the third consecutive year during annual spring labor negotiations,...
Asia-Pacific markets are primed to rise on Thursday after a soft inflation report in the U.S. helped two of the three benchmarks on Wall Street reverse course from two days of losses. The consumer price index — a broad-based measure of costs across the U.S. economy — increased 0.2% month-on-month in February, putting the annual inflation rate at 2.8%. Australia's S&P/ASX 20 started the day 0.20% higher, reversing course from losses in the previous two sessions. Over in Japan, the benchmark Nikkei 225 is set to open higher, with the futures contract in Chicago at 37,035 while its...