The STOXX 50 went up 0.3% and the STOXX 600 rose 0.2% on Monday, tracking a general positive tone across European equity markets in Asia and the US. Traders were also digesting corporate news and economic data. Shares of AstraZeneca jumped 1.6% after news the drugmaker plans direct listing on the New York Stock Exchange, replacing its current ADR structure. GSK increased 3.6% after appointing a new CEO. Lufthansa added 1.4%. On the other hand, Genmab declined 2.5% after it agreed to buyNasdaq-listed Dutch biotech Merus. On the data front, preliminary figures showed inflation in Spain...
European stocks edged lower on Tuesday, with both the STOXX 50 and STOXX 600 slipping 0.2%, pausing after three straight sessions of gains. Traders turned cautious ahead of key monetary policy decisions this week from the Fed and the BoE, as well as China–US trade talks, while US President Trump begins his visit to the UK today. On the data front, markets await the ZEW Economic Sentiment Index for Germany, while UK labour figures continued to signal a slowdown in the job market. By sector, insurance, telecoms and banks led the declines, while basic resources and technology outperformed. In...
The Nikkei 225 rose 0.3% to close at 44,902 while the Topix gained 0.25% to 3,168 on Tuesday, with Japanese stocks hitting fresh record highs as they tracked Wall Street's advance ahead of an expected US Federal Reserve rate cut. Sentiment was also lifted after President Donald Trump said US-China trade talks in Spain were progressing, with a call between Trump and Chinese President Xi Jinping scheduled for Friday to finalize terms. Domestically, the Bank of Japan is expected to keep its policy rate at 0.5% this week as officials weigh the impact of US tariffs on Japan's export-driven...
The Hang Seng Index started the day with a rise of 90 points, or 0.34%, to 26,536. The China Enterprises Index gained 23 points, or 0.24%, to close at 9,407, while the Tech Index climbed 27 points, or 0.44%, to 6,070. Technology stocks displayed mixed results. Tencent rose by 0.5%, Meituan gained 0.6%, Xiaomi Group increased 0.5%, and Kuaishou advanced 0.6%. Meanwhile, Alibaba dropped 0.3% and JD.com fell by 0.6%. Financial stocks performed strongly, with HSBC Holdings up 0.2%, AIA Group gaining 2%, Ping An Insurance rising 0.1%, and Hong Kong Exchanges and Clearing climbing 0.3%. Source...
Japan's benchmark Nikkei 225 surpassed the 45,000 mark for the first time, leading gains in Asia-Pacific markets Monday, after President Donald Trump said that the U.S.-China trade negotiations in Spain were progressing well. The trade talks were overshadowed by a "framework" deal regarding the divestment of Chinese-owned TikTok, announced by Treasury Secretary Scott Bessent Monday. Speaking from Madrid, Bessent noted that the commercial terms have already been settled. Both U.S. President Donald Trump and Chinese President Xi Jinping will speak on Friday to discuss the terms. Japan's...
US stocks closed higher on Monday (September 15), driven by gains in technology stocks after President Donald Trump indicated that U.S.-China trade talks were progressing well, and investors awaited the Federal Reserve's decision on Wednesday. The S&P 500 rose 0.4% to close above 6,600 for the first time, the Nasdaq 100 gained 0.8%, also extending its record high, and the Dow Jones Industrial Average rose about 50 points. Tesla jumped 3.6% after CEO Elon Musk announced a nearly $1 billion stock purchase, his largest-ever public stock purchase, while Alphabet rose 4.3% to reach a $3...