US stocks were little changed on Tuesday, with the three major indexes hovering around the flatline as investors adopted a cautious stance ahead of a potential government shutdown that could disrupt the release of key labor data later this week. The government faces the risk of shutting down tomorrow if Democrats and Republicans fail to reach a deal today, putting Friday's payrolls report at risk. Traders also awaited the JOLTS job openings data due later in the day. Energy and communication services were the worst performing sectors while utilities outperformed. Microsoft (-0.6%), Amazon...
European equities were little changed on Thursday as investors awaited updates from the Federal Reserve's Jackson Hole symposium for clues on the path of monetary policy. The pan-European STOXX 600 index opens was flat as of 0704 GMT, while most major bourses were mixed. Central bankers from around the world will be at the event, and the focus will remain on Fed Chair Jerome Powell's last speech at the summit in the position for hints of possible rate cuts this year. Also on the slate later in the day are flash purchasing managers' index (PMI) data for August for the euro zone, France,...
Japanese stocks dropped for a third day, with investors remaining on the sidelines as central bankers gather in Jackson Hole, Wyoming for an eagerly awaited annual symposium. Topix Index fell 0.5% to 3,082.95 as of 3:31 p.m. Tokyo time Out of 1,679 stocks in the index, 694 rose and 911 fell, while 74 were unchanged Nikkei declined 0.6% to 42,610.17 Auto and pharmaceutical shares slumped, while profit-taking pressured sectors such as construction. Meanwhile, some AI-related stocks including Advantest were picked up by investors after Wednesday's selloff to gain...
Hong Kong shares were little changed on Thursday morning, holding near 25,174 after a modest gain in the previous session. Investors digested minutes from the latest FOMC meeting, which struck a hawkish tone amid lingering inflation risks. Meanwhile, U.S. President Trump reportedly called on Fed Governor Lisa Cook to resign over allegations of providing false information to secure favorable mortgage terms. In China, equities extended gains as funds rotated into stocks despite ongoing U.S. trade tensions, while Beijing pressed ahead with curbs on excessive competition. Sector performance...
Japanese stocks are lower in early trade after U.S. tech stock selling continued overnight. Pharmaceutical and auto stocks are leading the declines. Daiichi Sankyo is down 5.6% and Honda Motor is 1.7% lower. USD/JPY is at 147.37, compared with 147.23 as of Wednesday's Tokyo stock market close. Investors are watching for any developments related to the war in Ukraine and domestic politics. The Nikkei Stock Average is down 0.2% at 42790.90. Source: Marketwatch
Asia-Pacific markets mostly rose as investors assessed the four-day losing streak for the S&P 500, led by declines in tech stocks. Investors in the region are awaiting India's HSBC Composite flash purchasing managers' index reading for August, which provides an early snapshot of the performance of the private sector economy, expected later in the day. Economists polled by Reuters expect it to come in at 60.5, compared with 61.1 in the month before. Japan's Nikkei 225 was down 0.21% in early trade, while the broader Topix index ticked down 0.4%. In South Korea, the Kospi index rose...