Stocks rose on Monday as Wall Street tried to regain its footing after a week in which the artificial intelligence trade lost some steam. The Dow Jones Industrial Average traded 70 points higher, or 0.2%. The S&P 500 climbed 0.4%, and the Nasdaq Composite advanced 0.6%. AI-related stock Nvidia rose after skepticism around the AI trade put pressure on the broader stock market last week. Some traders even questioned whether there was enough energy to power an infrastructure plan between Nvidia and OpenAI. Nvidia was last up more than 2%. Meanwhile, shares of Electronic Arts jumped more...
The STOXX 50 jumped 0.7% and the STOXX 600 was up 0.5% on Thursday, as trackers digest the latest Fed decision. The central bank cut the fed funds rate by 25bps as expected and signalled 50bps of additional cuts until the end of the year. However, Chair Powell emphasized that the move should not be seen as the start of a new easing cycle. Meanwhile, the Bank of England is set to leave borrowing costs when it announces the monetary policy decision later in the day. On the corporate front, SAP (2.3%), ASML Holding (2%), Linde (1.8%), Siemens (1.3%) and Schneider Electric (2.2%) booked strong...
Japan stocks were higher after the close on Thursday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 added 1.20% to hit a new all time high. The best performers of the session on the Nikkei 225 were Resonac Holdings Corp (TYO:4004), which rose 11.65% or 540.00 points to trade at 5,175.00 at the close. Meanwhile, SUMCO Corp. (TYO:3436) added 7.39% or 104.50 points to end at 1,518.00 and Mitsui Mining and Smelting Co. (TYO:5706) was up 5.93% or 605.00 points to 10,810.00 in late trade. The worst performers of the session...
Hong Kong stocks added 44 points or 0.2% to 26,954 on Thursday morning, advancing for the second session and holding near four-year highs. Sentiment improved further after the Fed cut rates by 25bps for the first time in nine months and signaled two more reductions this year, citing labor market risks over inflation. The Hong Kong Monetary Authority followed, lowering borrowing costs to 4.5%, the lowest since November 2022. Chief Executive Eddie Yue said the move should support property and the wider economy. Tech stocks led the strength after Beijing reportedly ordered firms to halt Nvidia...
The Nikkei 225 advanced 0.4% toward 45,000 while the Topix added 0.1% to 3,150 on Thursday, with Japanese stocks rebounding from the prior session after the US Federal Reserve delivered a quarter-point rate cut as expected. The Fed also projected two more cuts this year but only one in 2026, countering market bets for two or three reductions next year. Domestically, the Bank of Japan began its two-day policy meeting, with rates widely expected to be left unchanged as officials assess the impact of US tariffs on Japan's export-driven economy. Still, analysts noted the BOJ could lift rates...
US stocks closed mixed on Wednesday (September 18) as investors weighed the Federal Reserve's interest rate outlook following an anticipated 25 bps rate cut. The S&P 500 and Nasdaq 100 fell 0.1% and 0.3%, respectively, while the Dow Jones Industrial Average rose 260 points, driven by gains in traditional sectors. The FOMC median projection suggests two more rate cuts this year, but strong growth, low unemployment, and upward revisions to core inflation raise doubts about the pace of easing in 2026. Chairman Powell also signaled caution, refraining from expressing confidence in further...