European stocks closed in positive territory on Thursday as investors pored over earnings reports for clues about business activity and confidence in the region. The pan-European Stoxx 600 index closed the session up 0.4%. The UK's FTSE 100 index rose 0.7%, France's CAC 4 gained 0.2%, and Italy's FTSE MIB also posted a 0.4% gain. Germany's DAX index also edged higher, closing up 0.3%. It was a busy day for earnings reports in Europe, with Kering, Roche Holding, Unilever, Vinci, Thales, LSEG, Dassault Systemes, Antofagasta, Swedbank, Nokia, and Lloyds Banking Group among the big names...
European markets opened the week in positive territory, with both the STOXX 50 and STOXX 600 rising 0.5%, rebounding from sharp losses on Friday. Sentiment improved as concerns over US banking credit eased. Investor confidence was further supported by reports that President Trump sought to de-escalate trade tensions with China. The luxury sector was among the strongest performers, with Kering jumping 4.3% after agreeing to sell its beauty division to L'Oréal (up 0.7%) for €4 billion. The defense sector also advanced, with Rheinmetall up 3.3% and Leonardo gaining 2.9%, both recovering from...
European stocks opened higher on Monday, boosted by easing concerns about regional banks and a positive tone in US-China trade relations. The Stoxx 600 Index rose 0.6%, led by the banking sector, while consumer staples like food and personal care weakened. The market also shrugged off France's debt downgrade and focused on an upbeat earnings season. Kering SA shares jumped 4.4% after selling its beauty division to L'Oreal. President Trump's statement that 100% tariffs on Chinese goods were unsustainable also boosted risk appetite. Investors are now looking to the Fed for an interest rate...
The Nikkei Stock Average jumped 3.4% to close at an all-time high of 49,185.50, as market optimism grows regarding Japan's new leadership. Sanae Takaichi, the new leader of the Liberal Democratic Party (LDP), is expected to be confirmed as Japan's first female prime minister in a parliamentary vote on Tuesday. The market welcomed the prospect of an expansionary fiscal policy advocated by the LDP and its potential coalition partner, the Japan Innovation Party. This surge was also driven by the strong performance of several blue chips. Kioxia Holdings led the way with a 9.0% gain, followed by...
The Hang Seng Index opened up more than 2.5% on Monday morning, as investor concerns about global trade tensions and banking sector stability eased. The main index rose 637 points to 25,884, led by gains in major technology stocks such as Alibaba (+4.9%), JD.com (+5%), and Tencent (+2.8%). This increase marked the return of strong buying interest in a sector previously pressured by negative global sentiment. Financial stocks also boosted the market. Hong Kong Exchanges & Clearing shares rose 3%, while AIA Group and Ping An Insurance each rose more than 2%. These gains reflected growing...
Asia-Pacific stock markets opened higher on Monday (October 20th), as investors awaited the release of key economic data from China. Analysts expect China's economic growth to slow in the third quarter to 4.8%, down from 5.2% in the previous quarter. This data will provide important clues to the region's economic direction going forward. Japan's Nikkei 225 index rose 1.6% and the Topix index gained 1.43% at the open. In South Korea, the Kospi added 0.36% after setting a record for three consecutive days last week. The Kosdaq index, which includes small-cap stocks, also rose 1.13%....