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...
Asia-Pacific markets opened mixed as investors kept an eye on the talks between the U.S. and China in Spain, and awaited a slate of data from Beijing. U.S. and Chinese officials began talks in Madrid Sunday to discuss key national security, economic, and trade issues, including the upcoming deadline to divest Chinese short video app TikTok and U.S. tariffs. Delegations led by U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer met with their counterparts, Chinese Vice Premier He Lifeng and China's top trade negotiator, Li Chenggang. Meanwhile, China is...
The Nasdaq Composite notched a perfect week of closing highs on Friday as investors took signs of weakening jobs and tame inflation to mean the Federal Reserve will lower interest rates next week. The tech-heavy Nasdaq closed 0.44% higher to settle at 22,141.10, led by a surge in Tesla shares. The broad market S&P 500 hovered around the flatline, down just 0.05% to finish at 6,584.29. The blue-chip Dow Jones Industrial Average lost 273.78 points, or 0.59%, to close at 45,834.22. Having each closed at record levels Thursday, with the Dow finishing above 46,000 for the first time, the...
European stocks closed flat on Friday, after data showed the U.K. economic growth stalled in July. The pan-European Stoxx 600 was flat at 0.09% with no broad consensus movement among sectors and major bourses.Data released on Friday morning showed that the U.K. economy recorded zero growth in July, following a 0.4% economic expansion the previous month. The economic flatlining adds to the Bank of England's considerations as it prepares to update its monetary policy next week. On Thursday, the European Central Bank left its key interest rate unchanged in a highly anticipated move. In...
Wall Street indexes opened subdued on Friday after notching record highs in the previous session, though they remained on track to log gains in a week of economic reports that solidified expectations for interest rate cuts. The Dow Jones Industrial Average fell 30.9 points, or 0.07%, at the open to 46,077.14. The S&P 500 rose 3.2 points, or 0.05%, to 6,590.66, while the Nasdaq Composite rose 35.6 points, or 0.16%, to 22,078.629. Source : Reuters
The Hang Seng Index rose 301 points, or 1.2%, to 26,387 on Friday (September 12), climbing for a sixth straight session to its highest level since August 2021. The index surged 3.8% for the week, its strongest weekly gain since March, amid record highs on Wall Street as rising US jobless claims reinforced speculation of a Fed rate cut next week, with further easing likely through the end of the year. Adding to the positive sentiment, US Treasury Secretary Scott Bessent will meet with Chinese Vice President He Lifeng in Madrid next week to continue talks on trade, economic, and security...