Asian markets are expected to open mixed. Australia's S&P/ASX 200 is expected to start the day slightly lower, with futures tied to the benchmark at 8,838, compared to the index's last close of 8,873.8. Japan's Nikkei 225 is expected to open higher, with futures in Chicago at 42,795, while those in Osaka last traded at 42,770, compared to the index's last close of 42,649.26. Futures for Hong Kong's Hang Seng Index were at 25,316, indicating a weaker open compared to the HSI's last close of 25,519.32. (alg) Source: CNBC
European markets opened higher Wednesday as global markets await the latest inflation reading out of the U.S. The pan-European Stoxx 600 was up 0.14% in opening trade, with all major bourses and almost all sectors in the green. Food and beverage stocks led gains, up 1.06%, while oil and gas stocks fell 0.62%. Global market focus is on the latest U.S. consumer price index report for January that will be published on Wednesday. Headline inflation is expected to have grown 0.3% from the prior month and 2.9% from 12 months earlier, according to Dow Jones. Some economists on Wall Street have...
Japan stocks were higher after the close on Wednesday, as gains in the Shipbuilding, Paper & Pulp and Non-Metal Minerals sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.47%. The best performers of the session on the Nikkei 225 were M3 Inc (TYO:2413), which rose 19.27% or 268.00 points to trade at 1,659.00 at the close. Meanwhile, Fujikura Ltd. (TYO:5803) added 10.35% or 691.00 points to end at 7,366.00 and Taiheiyo Cement Corp. (TYO:5233) was up 9.89% or 381.00 points to 4,235.00 in late trade. The worst performers of the session were Kuraray Co., Ltd....
European markets are heading for a positive open Wednesday as global markets await the latest inflation reading out of the U.S. The U.K.'s FTSE 100 index is expected to open 4 points higher at 8,785, Germany's DAX up 75 points at 22,104, France's CAC up 12 points at 8,042 and Italy's FTSE MIB 102 points higher at 37,798, according to data from IG. Global market focus is on the latest U.S. consumer price index report for January that will be published on Wednesday. Headline inflation is expected to have grown 0.3% from the prior month and 2.9% from 12 months earlier, according to Dow...
Asia-Pacific markets mostly rose Wednesday as investors digested U.S. President Donald Trump's tariff impact on regional economies. U.S. Federal Reserve Chair Jerome Powell, meanwhile, re-emphasized on Tuesday the central bank's focus on curbing inflation and signaled that policymakers were not in a rush to push interest rates lower. Australia's S&P/ASX 200 traded up 0.31%. Japan's Nikkei 225 rose 0.21% after resuming trading following a holiday, while the Topix slid 0.22%. South Korea's Kospi added 0.29% and the small-cap Kosdaq lost 0.36%.Hong Kong's Hang Seng Index rose 2.05% while...
Shares in Hong Kong soared 394 points or 1.8% to 21,685 in early trade on Wednesday, swinging from a 1.0% fall in the previous session amid solid gains across sectors. The Hang Seng touched its highest level in four months following a pledge from China's cabinet to spur spending and lure foreign investment ahead of an annual legislative gathering in March. In the US, Fed Chair Powell told Congress on Tuesday that the central bank is in no rush to cut borrowing costs and that it would be unwise to speculate on tariff policy at this time. Capping further gains was news that US President Trump...