The European stock markets closed sharply lower in Friday trading as The Stoxx Europe 600 fell 1.8%, Germany's DAX dropped 2.5%, the FTSE 100 was down 0.7%, France's CAC decreased 2.9%, and the Swiss Market Index declined 0.8%. The annual inflation rate in the euro area was an estimated 2.0% in July, which is unchanged from June, according to a flash estimate from Eurostat, the EU's statistical office. Analysts had been expecting 1.9%, according to Bloomberg. Eurostat said food, alcohol, and tobacco are expected to have the highest annual rate in July at 3.3%, compared with 3.1% in...
European markets opened lower on Wednesday as uncertainty over the direction of U.S. trade tariffs continues to dent sentiment. The pan-European Stoxx 600 index was 0.93% lower at 8:45 a.m. U.K. time following two strong sessions of gains. Critical chip firm ASML dropped 5.5% after it missed expectations on net bookings and flagged uncertainty around U.S. trade. Industry peer ASM International was pulled 3.85% lower. U.K. inflation data for March came in at 2.6% in March, according to figures published by the Office for National Statistics on Wednesday, below the 2.7% forecast in a Reuters...
Japanese stocks fell after the close on Wednesday (4/16), as losses in the Paper & Pulp, Transportation and Communications sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 1.03%. The best performers on the Nikkei 225 were Toho Co., Ltd. (TYO:9602), which rose 6.04% or 461.00 points to trade at 8,097.00 at the close. Meanwhile, Eisai Co., Ltd. (TYO:4523) gained 3.70% or 138.00 points to close at 3,865.00 and Shimizu Corp. (TYO:1803) gained 2.93% or 39.00 points to 1,372.00 in late trade. The worst performers on the session were Advantest Corp. (TYO:6857), which...
Hong Kong stocks plunged 536 points, or 2.5%, to 20,934 around midday on Wednesday, ending a six-session winning streak as traders locked in profits after the Hang Seng hit a two-month high earlier this week. U.S. stock futures also fell sharply, tracking overnight losses on Wall Street, as Nvidia shares slumped following fresh U.S. government restrictions on sales of its H20 AI chips to China and other regions. The Hang Seng Tech Index plunged more than 4%, with Meituan down 7.0%, while Tencent Holdings and Alibaba Group dropped 2.4% and 1.5%, respectively. (Newsmaker23) Source: Trading...
Asian stocks fell and U.S. equity index futures slid as the trade conflict showed no sign of abating, with Nvidia Corp. saying the U.S. was imposing new restrictions on some chip exports to China. Contracts for the Nasdaq 100 fell more than 1.4% in early trading and S&P 500 futures dropped 0.9% after Nvidia slumped in after-hours trading. Gold, a safe-haven asset that tends to rise when riskier assets decline, hit a fresh record on Wednesday. Bonds held onto the previous session's gains boosted by comments from a Treasury official about potential rule changes that could lower trading...
Tokyo stocks edged lower in early trade, amid uncertainty over additional tariffs and after U.S. authorities told Nvidia semiconductors they would need export permits to China. The Topix fell 0.1% to 2,512.02 as of 9:28 a.m. Tokyo time The Nikkei fell 0.3% to 34,176.54 Advantest was the biggest contributor to the Topix decline, down 4.4%. Of the 1,689 stocks in the index, 986 rose and 598 fell, while 105 were unchanged. "The tighter restrictions on Nvidia products show that tensions between the U.S. and China are escalating, and it's hard to invest in technology stocks unless the overall...