European stocks were set to wrap up September with the best performance since 2019, as optimism around resilient US economic growth and lower interest rates lifted risk appetite. The Stoxx Europe 600 Index was little changed by 8:17 a.m. in London. The gauge has gained nearly 1% in September during a typically weak seasonal period. Financial services and media sectors outperformed, while energy and chemicals shares were the biggest laggards. In individual stocks, Asos Plc dropped 10% as it warned full-year earnings would be at the lower end of expectations as the online fast...
The Hang Seng rose 169 points or 0.7% to close at 24,902 on Tuesday, reversing early losses and marking its second consecutive session of gains. Sentiment improved after a private survey showed China's services activity grew at the fastest pace in 14 months in July, supported by rises in new orders, foreign sales, and employment. A rally on Wall Street also lifted mood, as weaker U.S. jobs data fueled bets on a Fed rate cut in September. Gains were broad-based, led by financials, tech, and consumers, as investors looked past weather-related disruptions in Hong Kong, including heavy rain...
European stocks continued their gains for a second consecutive session on Tuesday (June 5), with the STOXX 50 and STOXX 600 rising 0.4%. Investors continued to shift their focus to corporate earnings while closely monitoring global trade developments. Meanwhile, market participants are increasingly anticipating a potential interest rate cut by the Fed. In the corporate sector, BP shares rose 1.1% after the oil major reported better-than-expected second-quarter earnings. Diageo jumped 6% after reaffirming its full-year forecast, while DHL jumped 5% following a solid profit...
Japanese stocks rose after the close on Tuesday (August 5th), driven by gains in the Real Estate, Banking, and Textile sectors. At the close of trading in Tokyo, the Nikkei 225 rose 0.74%. The best-performing stocks on the Nikkei 225 were NTN Corp. (TYO:6472), which rose 15.05%, or 39.00 points, to trade at 298.20. Meanwhile, GS Yuasa Corp. (TYO:6674) rose 7.45%, or 202.00 points, to close at 2,913.50, and Furukawa Electric Co., Ltd. (TYO:5801) rose 7.17%, or 653.00 points, to close at 9,764.00. The worst-performing stock during the session was LY Corp (TYO:4689), which plunged 12.20%, or...
Hong Kong stocks fell 26 points, or 0.1%, to 24,711 on Tuesday morning, reversing gains from the previous session. Traders remained cautious after the city's weather bureau extended its highest "black" rain warning until 11:00 a.m., as heavy rain disrupted schools, hospitals, courts, and civil registry offices. The Hong Kong Stock Exchange remained open with revised policies that allow trading to continue regardless of the weather. Investors also cautiously awaited China's July trade data and upcoming inflation figures, amid concerns over rising trade barriers and weak domestic demand....
The Nikkei 225 rose 0.5% to 40,500, while the broader Topix Index rose 0.4% to 2,928 on Tuesday, recovering from the previous session's decline and mirroring overnight gains on Wall Street. US stocks rallied on Monday, driven by strong corporate earnings and renewed hopes for a Federal Reserve interest rate cut. Domestically, minutes from the Bank of Japan's June meeting showed policymakers were open to further interest rate hikes if trade tensions ease, although the board still considered the current rate appropriate amid lingering uncertainty. Industrial and consumer stocks led the...