Japanese stocks opened lower on Wednesday (August 6th), following a decline in the US market after weak US services sector data sparked uncertainty over the Federal Reserve's policy direction. The Nikkei 225 index fell 119.08 points, or 0.3%, to 40,430.46 in early trading. Meanwhile, recent data showed Japanese workers recorded the fastest nominal wage growth in four months, reinforcing expectations that the Bank of Japan (BoJ) may soon raise interest rates. Government data showed nominal wages rose 2.5% year-on-year in June, a sharp increase from a revised 1.4% in May. The market is also...
The Nikkei 225 Index rallied 1.3% to around 37,900 while the broader Topix Index jumped 1.2% to 2,780 on Tuesday, extending recent gains and tracking Wall Street higher as US retail sales data eased recession concerns. Japanese stocks also benefited from a weaker yen, which enhances the profit outlook for the country's export-driven industries and makes local assets more attractive to foreign investors. Meanwhile, investors are focused on the upcoming Bank of Japan policy decision this week, with expectations that the central bank will hold interest rates steady at 0.5% when its meeting...
Asia-Pacific markets rose on Tuesday, tracking gains on Wall Street, which ticked up after U.S. retail sales data appeared to ease recession concerns. Investors will be keeping a close watch on Japanese markets, as the Bank of Japan kicks off its two-day monetary policy meeting on Tuesday. The central bank is widely expected to hold interest rates steady at 0.5% when the meeting concludes on Wednesday. The BOJ's two-day meeting coincides with the U.S. Federal Reserve, with the latter also expected to keep interest rates unchanged. Japan's benchmark Nikkei 225 started the day 1.34% higher,...
Stocks rose on Monday, building on their comeback from a four-week rout on Wall Street exacerbated by President Donald Trump's chaotic tariff policy rollout and falling consumer confidence. The S&P 500 gained 0.64% to close at 5,675.12, while the Nasdaq Composite climbed 0.31% and ended at 17,808.66. The Dow Jones Industrial Average also advanced 353.44 points, or 0.85%, to end at 41,841.63. The 30-stock index was bolstered by gains in Walmart and International Business Machines.All three of the major averages posted back-to-back gains. "We're in a near-term counter-trend rally," Sam...
The S&P 500 rose on Monday as the benchmark tries to continue its comeback from correction territory following a four-week rout on Wall Street exacerbated by President Donald Trump's chaotic tariff policy rollout and falling consumer confidence. The broad market index gained 0.2%, while the Nasdaq Composite fell 0.3%. The Dow Jones Industrial Average advanced 237 points, or 0.6%, bolstered by gains in Walmart and International Business Machines Helping sentiment was the February retail sales report, as traders breathed a sigh of relief that the figures weren't worse. Retail sales...
European stocks started the new trading week in positive territory, although investors will be looking to see if global market volatility continues. The pan-European Stoxx 600 index was 0.1% higher shortly after the opening bell, with most sectors moving higher. European markets ended the week higher Friday after German lawmakers reportedly came closer to agreeing on reforming the country's so-called debt brake rule. Media reports said Germany's likely next chancellor Friedrich Merz had won support from the Greens party to hike public borrowing to allow an increase in defense...