European stocks closed sharply higher on Wednesday (July 23), halting three previous trading sessions' declines, buoyed by speculation that the US might accept lower tariffs following a new trade deal with Japan. The Eurozone STOXX 50 rose 1.1% to 5,350, and the pan-European STOXX 600 gained 1.1% to 550. President Trump lowered tariffs on Japan to 15% from an initial threat of 25%, despite no reports of substantial progress in trade negotiations between the EU and the US. Progress on auto tariffs with Japan, which has significant exposure to automakers, lifted shares of BMW, Stellantis,...
The STOXX 50 gained 0.4% and the STOXX 600 added 0.5% on Thursday, marking a third consecutive session of gains, boosted by strong corporate results. Shares of AstraZeneca gained almost 4% after the company's earnings and revenue topped forecasts and the pharmaceutical giant said it expects further sales. Societe Generale jumped about 7% after reporting a rise in Q4 revenue and saying it is targeting revenue growth and higher profitability for the year. Maersk soared more than 6% after the company started a $2 billion share buyback program. On the other hand, Volvo sank more than 7% after...
Japanese stocks rose after the close on Thursday, as gains in the Manufacturing, Steel and Automobiles & Parts sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 gained 0.63%. The best performers on the Nikkei 225 were Renesas Electronics Corp (TYO:6723), which rose 12.60%, or 258.00 points, to close at 2,305.50. Meanwhile, Bandai Namco Holdings Inc (TYO:7832) rose 9.87%, or 433.00 points, to close at 4,822.00 and Nippon Electric Glass Co., Ltd. (TYO:7832) gained 1.00%, or 433.00 points, to close at 4,822.00. (TYO:5214) rose 9.24% or 313.00 points to close at 3,702.00...
Asia-Pacific markets opened higher Thursday, tracking gains on Wall Street as investors shrug off a week of trade turmoil and a slew of disappointing U.S. tech earnings. Australia's S&P/ASX 200 traded 0.9% higher. Japan's Nikkei 225 rose 0.39% at the open, while the Topix added 0.33%. South Korea's Kospi rose 0.45% while the Kosdaq traded 0.8% higher. Hong Kong's Hang Seng index futures were at 20,681, compared with the HSI's last close of 20,597.09. India's central bank is expected to cut benchmark interest rates in its policy meeting that's underway, as it strives to stimulate a...
Stocks rallied on Wednesday, pushing the Dow Jones Industrial Average and S&P 500 higher for the second day in a row, as investors looked past the trade turmoil that weighed on the market earlier in the week. The gains came even as notable technology stocks Alphabet and AMD posted steep losses following earnings. The blue-chip Dow climbed 317 points, or 0.7%, led by gains in Nvidia.The broad market index rose about 0.4%, putting its week-to-date gains into positive territory at 0.3%. Meanwhile, the Nasdaq Composite ticked higher by 0.2%. Nvidia jumped 4% after the server maker Super...
The S&P 500 moved higher on Wednesday in choppy trading as investors shrugged off a revenue miss from AlphabetThe broad market index rose 0.1%, while the Dow Jones Industrial Average climbed 143 points, or 0.3%. The Nasdaq Composite fell 0.1%. Alphabet shares tumbled 7% after the Google-parent posted a cloud revenue miss as it ramps up spending on artificial intelligence, spooking investors who worried the megacap technology company will take longer to capitalize on its AI ambitions. Overall revenue for the period also came up short.AMD shares were also lower by 7% after the company's...