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...
The Japanese stock market is predicted to rise today, following the gains on Wall Street last Friday. Positive sentiment from the US stock market provided a strong initial boost for Japanese investors to regain optimism. Nikkei futures on the SGX jumped 980 points to 48,475, indicating a potential reversal after last week's decline. In addition to global factors, domestic news is also providing fresh air. The ruling Liberal Democratic Party (LDP) has reportedly reached an agreement to form a coalition with the Japan Innovation Party. If this plan goes through, the new LDP leader, Sanae...
US stocks rose on Friday (October 17th) as investors reacted positively to President Trump's remarks alleviating concerns about further trade escalation with China, while regional bank stocks rebounded after Thursday's sharp declines. The S&P 500 and Nasdaq each rose 0.5%, while the Dow Jones Industrial Average rose 239 points. Trump said his proposed 100% tariffs on Chinese goods would be unsustainable, although he blamed Beijing for recent trade tensions, and confirmed that his meeting with Chinese President Xi Jinping was still possible at the end of the month. Consumer staples,...
European stock markets pared losses on Friday, with the STOXX 50 and STOXX 600 closing down 0.8% and 0.9%, respectively, after plummeting as much as 1.9% earlier in the session. Investor sentiment improved following President Trump's statement that high tariffs on Chinese goods were unlikely to last long, signaling a potential easing of US-China trade tensions ahead of his meeting with Chinese President Xi Jinping. However, banking stocks remained under pressure, led by Deutsche Bank (-5.9%), Societe Generale (-4.6%), BNP Paribas (-3.7%), Banco Santander (-3.2%), and UniCredit (-2.6%), as...
The three major US stock indexes fluctuated between small gains and losses on Friday in what could be another volatile session. Consumer staples and energy stocks led the gains, while communication services was the weakest-performing sector. Quarterly results from regional banks helped lift sentiment, with Truist Financial rising 2.4%, and Fifth Third Bancorp climbing 3%. Earlier, futures had tumbled as signs of credit stress among regional lenders reignited concerns over US credit quality. Zions Bancorporation and Western Alliance, at the center of the recent turmoil, rebounded 3.6% and...
The Hang Seng tumbled 641 points, or 2.5%, to close at 25,247 on Friday, extending losses from the prior session and marking its lowest level in six weeks amid broad-based declines. Global sentiment soured after signs of credit stress at U.S. regional banks rattled investors, while renewed trade frictions between Washington and Beijing added pressure. All sectors fell, with tech sliding around 4%, followed by consumer, financial, and property stocks. Khoon Group hit a record low after certain sanctions by government authorities in the U.S. BYD lost 4.3% following its largest vehicle recall...