European stocks were set to wrap up September with the best performance since 2019, as optimism around resilient US economic growth and lower interest rates lifted risk appetite. The Stoxx Europe 600 Index was little changed by 8:17 a.m. in London. The gauge has gained nearly 1% in September during a typically weak seasonal period. Financial services and media sectors outperformed, while energy and chemicals shares were the biggest laggards. In individual stocks, Asos Plc dropped 10% as it warned full-year earnings would be at the lower end of expectations as the online fast...
Japanese stocks are trading lower, tracking overnight losses on Wall Street as inflation fears due to rising bond yields weigh on the index. Automobile and financial stocks are weighing on the index. Toyota and Honda are down 0.2% and 0.5%, respectively. Sumitomo Mitsui Financial is down 0.9%, while Mitsubishi UFJ Financial is 0.7% lower. Index heavyweight SoftBank Group is down 2.8%. USD/JPY is down 0.1% at 148.56. The Nikkei Stock Average is down 0.4% at 42132.41. Source: Bloomberg
Asia-Pacific markets mostly fell Wednesday, tracking losses on Wall Street as investors assessed rising global bond yields and the latest developments on the trade front. Australia's S&P/ASX 200 declined by 0.52%, ahead of the release of its GDP reading for the second quarter ended June. Economists polled by Reuters forecast a 1.6% expansion from the year before, compared to the 1.3% posted in the previous quarter ended March. Japan's Nikkei 225 lost 0.43%, while the broader Topix index moved down 0.35%. Over in South Korea, the Kospi index ticked up 0.16%, while the small-cap Kosdaq...
In his first press conference in a week, President Donald Trump dismissed rumors of his death circulating on social media. In a casual tone, Trump called the reports "fake news," while emphasizing that he was actively engaging through interviews, social media posts, and visits to his golf club in Virginia. The White House Press Office added that he was in good physical condition despite suffering from chronic venous insufficiency, a common condition associated with aging, with no serious complications. Furthermore, Trump announced that the headquarters of U.S. Space Command would be moved...
The S&P 500 closed lower on Tuesday, as the tech wreck continued pressured by tariff uncertainty and a jump in bond yields. The main averages on Wall Street were closed on Monday in observance of the Labor Day holiday. At the end of the last trading day on Friday, stocks dipped, weighed down partially by declines in artificial intelligence-related names. Sticky personal consumption expenditure price index data also sparked some doubts over just how much impetus the Federal Reserve has to cut rates. President Donald Trump said he would request the Supreme Court deliver an expedited...
European stocks closed sharply lower on Tuesday, tracking a broad selloff in global equities amid the rise in long-term borrowing costs, while markets parsed the latest inflation data. The annual inflation rate in the Eurozone inched higher to 2.1%, while the core rate refrained from dropping for a third month to stoke lingering concerns of stubborn services inflation. The data coincided with a fresh record in European bond issuance in one session amid major sales in the UK and Italy, adding strain to long-dated securities. The tight credit conditions pressured the heavyweight banking...