Japanese stocks are lower due to a stronger yen and uncertainty over the impact of U.S. tariffs on corporate earnings. Auto, shipping and energy stocks lead declines. Mitsubishi Motors is down 2.1% and Kawasaki Kisen is 2.0% lower. Inpex is down 3.1% after crude oil prices fell overnight. USD/JPY is at 148.58, down from 148.81 as of Monday's Tokyo stock market close. Investors are closely watching any developments related to the leadership election for the ruling Liberal Democratic Party of Japan set for Saturday. The Nikkei Stock Average is down 0.1% at 45007.00. Source: Bloomberg.com
European markets opened higher on Monday as the new trading week kicked off, with investors weighing geopolitical turmoil. Shortly after markets opened, the pan-European Stoxx 600 was up by around 0.3%, with all major regional bourses and most sectors trading in positive territory. Traders will be assessing geopolitical upheaval in the Middle East after the ousting of Syrian President Bashar al-Assad over the weekend. Western leaders have greeted the overthrow of the Assad dynasty by rebel forces with caution, fearing a power vacuum and more instability in the region. Meanwhile,...
Hong Kong's shares were almost flat in the Monday morning session, trading around 19,868 following a rally in the prior session, with investors responding to China's CPI and PPI data. Consumer prices in the mainland rose by 0.2% yoy in November, missing consensus of 0.5% while marking the softest increase in five months. At the same time, producer prices fell by 2.5%, pointing to the 26th month of drop despite softening from October's print of a 2.9% fall. On local data, forex reserves in the city notched a nine-month peak of USD 425 billion last month. Market participants monitored...
European equity markets are expected to start the new trading week on a cautious note, with global political instability dampening investor sentiment. The ongoing political crises in South Korea and France, coupled with the collapse of Syrian President Bashar al-Assad's regime, add to the uncertainty. Additionally, there are no major economic or earnings releases in Europe on Monday. In pre-market trading, futures on the Euro Stoxx 50 and Stoxx 600 were down around 0.15% and 0.1%, respectively. Source: Trading Economics
The Nikkei 225 index rose 0.18% to close at 39,160, while the broader Topix index rose 0.27% to 2,735 on Monday, recovering losses from the previous session and tracking Wall Street's gains at the end of last week. Investors also eyed revised Japanese third-quarter economic growth data, which indicated the country's second straight quarter of expansion. Business sentiment data later this week will be closely watched for further insight into the health of the economy. However, gains were capped by ongoing global political instability. Political crises in South Korea and France, as well as...
Hong Kong stocks were mostly flat on Monday morning, trading around 19,868 after rallying in the previous session, as investors digested China's November CPI and PPI data. Mainland consumer prices rose 0.2% year-on-year, missing market consensus of 0.5% and marking the weakest gain in five months. Producer prices, meanwhile, fell 2.5%, marking a 26-month decline, although easing from a 2.9% drop in October. Source: Trading Economics