European stocks closed slightly lower on Tuesday after reaching record peaks on the previous session on mixed earnings results, while markets continued to assess the outlook on global trade and European rates. The STOXX 50 inched down by 5,701 and the STOXX 600 lost 03% to 576. Pharmaceutical companies led the losses in the session with a 4.3% slump for Novartis after the Swiss giant posted softer earnings than expected. Roche and Novo Nordisk both fell 2.5% In the meantime, BNP Paribas fell 3.5%, also on an earnings miss. On the other hand, HSBC jumped 4.4% after raising its 2025...
European stocks ended higher Wednesday, with the Stoxx 50 up 0.8% and the Stoxx 600 rising 0.4%, as investors monitored political and economic developments. Leading the gains were SAP, which climbed over 4%, and Schneider Electric, up more than 2%. In France, the CAC 40 gained 0.7% as attention turned to a no-confidence vote in the National Assembly. The vote follows Prime Minister Michel Barnier's use of special powers on Monday to push through a controversial budget without parliamentary approval. Both right- and left-wing parties have filed motions of no-confidence, with Barnier's...
The STOXX 50 gained 0.4% and the STOXX 600 edged up 0.2% on Wednesday, marking a third consecutive day of gains and trading at over one-month highs. However, caution persists as traders closely monitor the unfolding political situations in France and South Korea. French lawmakers are set to vote this afternoon on no-confidence motions that will probably topple the government, paving the way for prolonged political uncertainty. Meanwhile, reports indicate that South Korean lawmakers have called for the impeachment of President Yoon Suk Yeol following his controversial declaration of martial...
The Hang Seng ended the session with little move on Wednesday, closing around 19,742 after rising in the previous three sessions. Traders digested private survey data that showed an unexpected slowdown in China's services activity last month, despite a series of support measures since September. In Hong Kong, private sector activity grew for a second straight month, albeit at a slower pace. Market participants were warily watching political developments in South Korea, where a brief declaration of martial law led to opposition calls for the impeachment of President Yoon Suk Yeol. On the...
Japanese stocks rose after the close on Wednesday, as gains in the Banking, Insurance and Transportation Equipment sectors boosted shares. At the close of trading in Tokyo, the Nikkei 225 rose 0.06%. The best performers on the Nikkei 225 were Isetan Mitsukoshi Holdings Ltd. (TYO:3099), which rose 6.41% or 142.50 points to close at 2,366.00 at the close of trading. Meanwhile, Kawasaki Heavy Industries, Ltd. (TYO:7012) rose 5.77% or 344.00 points to close at 6,302.00 and Mitsubishi Heavy Industries, Ltd. (TYO:7011) gained 4.76% or 108.50 points to close at 2,388.00 in the last trading...
European stocks were mixed on Wednesday as regional market attention focused on an upcoming no-confidence vote in the French parliament, the National Assembly. The vote is expected to take place tonight after lawmakers debated two motions of no confidence, brought by the left-wing New Popular Front alliance and the right-wing National Rally party, against Prime Minister Michel Barnier's minority government. The motions came after Barnier used special constitutional powers on Monday to push through a disputed budget bill without a parliamentary vote. The National Rally has said it will...