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....
European stocks rose on Thursday, with the Stoxx 50 up 0.6% and the Stoxx 600 up 0.4%, as investors digested Nvidia's latest earnings. The US chipmaker forecast sales growth above 50% this quarter, signaling ongoing AI demand, though its shares slipped after data center revenue missed forecasts and concerns grew over China sales. In Europe, Pernod Ricard gained 5% despite a 3% annual sales drop, weighed by weak China demand and US tariff risks. On the other hand, Drax plunged 11% after UK regulators launched a probe into its biomass sourcing disclosures. Meanwhile, auto sector data showed...
The Nikkei 225 Index climbed 0.73% to 42,829 while the broader Topix Index added 0.65% to 3,090 on Thursday, recovering part of this week's losses as chip stocks advanced after Nvidia reported stronger-than-expected earnings and revenue. Still, Nvidia's data center sales missed estimates for a second straight quarter, and the company disclosed no sales of H20 chips to China during the period. On the trade front, Japan's chief negotiator Ryosei Akazawa canceled a planned trip to Washington, where he had been scheduled to discuss Japanese investment in the US. Domestically, attention turns...
Hong Kong shares dropped 256 points or 1.0% to 24,943 on Thursday morning deals, extending losses for the third session and hitting a one-week low amid declines in most sectors, notably consumers, tech, and financials. Sentiment was downbeat as several Chinese brokerages and fund managers reportedly curbed financing and limited purchases to reduce risks from mainland markets, raising doubts over the sustainability of its bullish momentum since April. Concerns also mounted over Nvidia's China business amid ongoing trade barriers from Washington. Still, further losses were partly offset by...
Japanese stocks are likely to weaken on Thursday as the market remains cautious about the impact of US tariffs on corporate earnings. Nvidia's weak earnings outlook could also pressure chip-related stocks. Nikkei futures on SGX fell 0.2% to 42,410. In the forex market, USD/JPY was at 147.27, weakening from 147.75 at the Tokyo close on Wednesday. A slightly stronger yen is usually a headwind for Japanese exporters, adding pressure to equity sentiment. In addition to tariff news, investors are also closely monitoring developments in the Liberal Democratic Party (LDP) leadership election....
The European Union announced Wednesday it aims to fast-track the removal of all tariffs on U.S. industrial goods by week's end, following a newly established framework for a broader trade deal agreed late last month. President Trump has insisted that EU tariffs be lifted before the U.S. reduces duties on European auto exports. The EU's move comes after Trump warned Monday of potential new tariffs and export restrictions on advanced tech and semiconductors, citing digital service taxes abroad that he claims "unfairly target U.S. tech firms." While Trump didn't name specific countries, the...