European stocks sank to close around one-month lows on Tuesday, extending the selloff from the prior sessions and tracking the poor momentum for global equities as concerns of an overvalued global tech sector and high rates by the Federal Reserve erased demand for riskier assets. The STOXX 50 fell 1.9% to 5,540 and the STOXX 600 dropped 1.8% to 561. Losses for equities in the Eurozone were broadly distributed among the major sectors in the bloc, with Santander, Intesa Sanpaolo, and ING dropping over 3% each to lead the losses for lenders. Consumer cyclicals and tech were also under...
US stocks edged higher on Thursday, with the three major averages up around 0.1%, as investors weighed President Trump's trade policies, corporate earnings, and key inflation data. While PPI figures exceeded forecasts, components feeding into the PCE index slowed, providing some relief after hotter-than-expected inflation data released yesterday. Meanwhile, Trump is set to announce reciprocal tariffs later today. Consumer discretionary and materials led gains, while energy lagged. On the earnings front, Cisco surged over 4% after reporting better-than-expected earnings and revenue, while...
Hong Kong's stock market ended lower Thursday with the benchmark Hang Seng Index down 0.2 percent to close at 21,814.37 points. The Hang Seng China Enterprises Index fell 0.69 percent to end at 8,002.63 points, and the Hang Seng Tech Index fell 0.87 percent to end at 5,235.28 points. Source: Bloomberg
Stocks in Europe extended gains on Thursday, with the STOXX 50 rising 0.9% to hit new 25-year highs and the STOXX 600 gaining 0.5% after breaking a fresh record level in the previous sessions. Market sentiment got a boost amid prospects of a potential resolution to the conflict in Ukraine. President Trump announced that the US and Russia would begin immediate negotiations following his conversation with President Putin and that the two leaders would meet in Saudi Arabia for further discussions. Autos, food and beverages, travel and leisure and industrials were among the top performing...
Asia-Pacific markets traded higher Thursday, breaking ranks with Wall Street that fell overnight as a stronger-than-expected U.S. inflation reading diminished prospects of policy easing by the U.S. Federal Reserve. Australia's S&P/ASX 200 rose 0.15%, hitting a record intraday high of 8,575.2, surpassing its previous peak of 8,566.9 scaled on Jan. 31. Japan's Nikkei 225 rose 1.1% while the Topix climbed 0.91%. South Korea's Kospi traded 0.71% higher, while the small-cap Kosdaq traded around the flatline. Hong Kong's Hang Seng Index climbed 0.58% while mainland China's CSI 300 traded...
Hong Kong's equities surged 283 points, or 1.3%, to 22,140 in early trading on Thursday, marking the second consecutive day of gains and reaching a four-month high. Most sectors advanced, buoyed by optimism over a potential peace deal between Ukraine and Russia following phone calls between US President Trump, Russian President Putin, and Ukrainian President Zelenskiy. Hang Seng Index up, buoyed by investor optimism over a potential resolution to the Russia-Ukraine conflict. After opening 100 points higher at 21,958, the benchmark index extended its gains, climbing as much as 228 points to...