European stock markets edged higher on Monday, as investors looked ahead to a trading week due to feature key economic data and a potential U.S. government shutdown. The pan-European Stoxx 600 had climbed by 0.3%, while the Dax in Germany gained 0.2%, the CAC 40 in France rose 0.1%, and the FTSE 100 in the U.K. increased around 0.2%. Shares of Britain's GSK rallied over 2%, boosting the wider health care sector, on news that the drugmaker's CEO Emma Walmsley will step down. Walmsley is due to be replaced by Luke Miels in January. AstraZeneca's stock price also ticked up after the U.K....
The Hang Seng Index opened 85 points lower at 26,459 on Monday and extended its losses to 121 points, or 0.45%, reaching 26,423. The China Enterprises Index fell 41 points, or 0.44%, to 9,430, while the Technology Index declined by 14 points, or 0.23%, to 6,279. Total mainboard turnover stood at HK$41.2 billion. Technology stocks saw mixed performance, with Tencent dropping 0.2%, Meituan falling 1.6%, Xiaomi slipping 0.6%, and JD.com declining 1.7%. Kuaishou, which is currently under investigation by China's Cyberspace Administration, plunged 4.1%. Alibaba was one of the few gainers, rising...
Asia-Pacific markets traded higher Monday, tracking Wall Street's gains on Friday stateside, as investors awaited China's key lending rate decision that's due out today. China is expected to leave the loan prime rates unchanged, according to a Reuters poll. This came after the central bank kept a key interest rate steady after the U.S. Federal Reserve lowered its rates by 25 basis points. Japan's benchmark Nikkei 225 index rose 0.74% at the open, while the Topix index advanced 0.58%. South Korea's Kospi index added 0.71% in early trading, while the small-cap Kosdaq was 0.7%...
Japanese stocks are higher thanks to a weaker yen and gains in U.S. shares on Wall Street on Friday. Electronics and videogame stocks are leading the gains. Renesas Electronics is up 3.6% and Nintendo is 3.2% higher. USD/JPY is at 148.18, up from 147.69 as of Friday's Tokyo stock market close. Investors are closely watching any developments related to the leadership election for the ruling Libe. Source: Bloomberg
US stocks closed at new highs on Friday (September 19), continuing their record-breaking rally from the previous session as investors digested upbeat corporate earnings reports, the Fed's first interest rate cut in 2025, and signs of progress in US-China relations. The S&P 500 rose 0.5%, surpassing the 6,600 level, the Nasdaq 100 gained 0.7%, and the Dow Jones Industrial Average rose 172 points, surpassing the 46,300 level for the first time. FedEx jumped 2.3% after reporting better-than-expected results, while Apple jumped 3.2% on a J.P. Morgan price target increase and the launch of...
European stocks closed slightly higher on Friday (September 19th) as strength in the heavyweight financial sector offset mixed movements elsewhere, while markets continued to assess key monetary policy decisions for the week. The Eurozone STOXX 50 rose 0.2% to 5,467, and the pan-European STOXX 600 was flat at 555. The Bank of Japan kept interest rates unchanged as expected but surprised markets by announcing plans to begin unwinding its massive holdings of exchange-traded funds (ETFs). Traders also monitored a phone call between U.S. and Chinese Presidents Trump and Xi, with both leaders...