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...
Stocks rose Thursday as investors bought the dip in Nvidia shares that followed its earnings Wednesday night. The Dow Jones Industrial Average rose 113 points, or 0.3%. The S&P 500 climbed 0.4%, and the Nasdaq Composite also advanced 0.4%. Nvidia reported better-than-expected third-quarter results and issued strong guidance Wednesday after the bell. But shares of the AI-chip juggernaut, which are already up more than 190% this year, initially fell in response during the premarket. Some traders cited the chipmaker's slowing revenue growth from previous quarters as cause for concern. Or...
Europe's main stock indexes fell on Thursday, as sluggish market sentiment with geopolitical tensions boosting some safe-haven demand, while chip stocks were the biggest drag after sector forecaster Nvidia forecast disappointing earnings. The pan-European STOXX 600 index edged down 0.1%, as of 0820 GMT, heading for a fifth straight session of losses amid uncertainty over the escalating Ukraine-Russia conflict and the possible domestic fallout from a U.S. President Donald Trump victory Safe-haven bids for gold and the Swiss franc rose, while the dollar weakened on anticipation of more...
In Tokyo, the Nikkei 225 Index decreased 282 points or 0.74 percent on Thursday. Losses were driven by IHI (-3.83%), Mitsui Engineering & Shipbuilding (-3.59%) and East Japan Railway (-3.52%). Biggest rises came from Tokyo Gas (4.96%), M3 (4.40%) and Taiheiyo Cement (4.16%). Source: trading Economics
Hong Kong's shares increased 37 points or 0.2% to 19,735 on Thursday, marking the second session of gains amid strength mainly from the consumer sector. Investors considered remarks from Fed Boston President Susan Collins, who stated that additional interest-rate cuts are necessary, but policymakers should move neither too quickly nor too slowly. At the same time, traders monitored Trump's administration picks, particularly his choice for the Treasury secretary role. In China, stock markets were muted after the PBoC Wednesday held its key lending rates steady at record lows to help the...
The Nikkei 225 Index declined by 0.8% to around 38,030, while the broader Topix Index lost 0.2% to 2,693 on Thursday, as Japanese shares hit multi-week lows, largely driven by losses in the technology sector. The drop followed a sharp decline in Nvidia's stock after-hours, despite the company reporting better-than-expected quarterly results and providing strong forward guidance. Nvidia's struggles weighed heavily on the broader tech sector, with notable losses from Advantest (-4.1%), Disco (-2.7%), Lasertec (-1.4%), SoftBank Group (-2.4%), and Tokyo Electron (-1.4%). Other key index...