European stocks posted slight declines on Monday (July 21st) as markets continued to assess the trade outlook in the European Union. The Eurozone STOXX 50 fell 0.3% to close at 5,342, and the pan-European STOXX 600 fell 0.1% to 546. US officials maintained the threat of 30% tariffs on EU exports while the EU Commission continued to negotiate lower tariffs ahead of the August 1st deadline. Meanwhile, the EU also signaled that aggressive retaliation would be pursued if no deal was reached, risking escalation and higher prices in the bloc. Shares of luxury goods giants led the decline in the...
Japanese stocks rose after the close on Friday, as gains in the Textile, Shipbuilding and Steel sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 was up 0.19%. The best performers on the Nikkei 225 were Japan Steel Works Ltd (TYO:5631), which rose 7.68% or 430.00 points to close at 6,031.00. Meanwhile, Ajinomoto Co., Inc. (TYO:2802) gained 7.35% or 433.00 points to close at 6,324.00 and Kawasaki Heavy Industries, Ltd. (TYO:7012) gained 5.25% or 348.00 points to close at 6,973.00. The worst performers on the session were Taiyo Yuden Co., Ltd. (TYO:6976), which plunged...
The Hang Seng Index fell 1.1% at 20,728.19 in Hong Kong. The move follows the previous session's increase of 2%. Meituan contributed the most to the index decline, decreasing 4.1%. Longfor Group Holdings Ltd. had the largest drop, falling 5.8%. Today, 59 of 82 shares fell, while 22 rose; all sectors were lower, led by commerce and industry stocks. Source : Bloomberg
European markets are expected to open mixed on Friday, as investors await corporate results and react to quarter-point interest rate cuts from the U.S. Federal Reserve and the Bank of England. The U.K.'s FTSE 100 is set to open 23 points higher at 8,166, Germany's DAX is up 45 points at 19,412, France's CAC is up 21 points at 7,445 and Italy's FTSE MIB is down 13 points at 33,689, according to data from IG. This comes as market participants continue to weigh political turmoil in Germany and Donald Trump's historic presidential election victory this week. Germany's DAX closed the previous...
The Nikkei 225 Index climbed 0.6% to around 39,600, while the broader Topix Index gained 0.5% to 2,756 on Friday, marking their highest levels in over three weeks after the US Federal Reserve cut interest rates by 25 basis points, further fueling the post-election rally. Investors were also looking ahead to potential stimulus announcements from China, as the National People's Congress Standing Committee wrapped up its five-day meeting. Domestically, data revealed that Japanese household spending in September declined, though at a slower pace than anticipated by the market. Notable...
European stocks regained ground on Thursday, boosted by technology and resources shares, while Britain's FTSE 100 dipped after the Bank of England cut interest rates but projected higher inflation following the new government's first budget. The pan-European STOXX 600 closed 0.7% higher, powered by a 2.2% bounce in the tech sector recouping losses from the previous session. Autos also added 2.2% after a more than 2% decline on Wednesday. Investors will now shift their focus to the U.S. Federal Reserve's interest rate decision at 1900 GMT. Europe's STOXX 600 gained as much as 1.9% in the...