Japanese stocks fell sharply in today's trading, with the Nikkei index falling 1.7% to 48,669.70. This decline followed Wall Street's overnight plunge, as global market sentiment was dominated by investor risk aversion. The greatest pressure came from artificial intelligence (AI) stocks. Investors began to withdraw after several major players in the cloud infrastructure sector withdrew from data center projects. This situation raised concerns about the future growth prospects of the AI sector. SoftBank Group was one of the worst-performing stocks, plummeting 6.7%, followed by Lasertec...
Asian stock markets started the week cautiously. The MSCI Asia Index fell slightly by 0.1%, in line with weakening US index futures. Australia also weakened, while Japan's Nikkei 225 fell 0.4% amid reports that the Japanese economy shrank again in the third quarter. This situation was exacerbated by the escalating Japan-China relationship, particularly following the incident involving a Chinese fighter jet that aimed its fire control radar at a Japanese jet. Investors' caution is also heightened as global markets hover near their highs, fueled by the AI-driven stock rally this year. This...
US stocks closed higher on Friday (December 5), with the S&P 500 up 0.2%, the Nasdaq up 0.4%, and the Dow Jones Industrial Average up 0.2% as weak PCE data and positive sentiment in Michigan strengthened the likelihood of a 25bps Fed rate cut next week, with traders pricing in an 87% chance of a rate cut. Core PCE rose 0.2% in September, with the annual rate dropping to 2.8%, while Michigan showed improved confidence and lower near-term inflation expectations. Large-cap stocks were the main drivers of the gains, with Alphabet (+1.2%), MetaTrader (+1.8%), and Broadcom (+2.4%) leading the...
European stocks edged higher, posting a second straight week of gains, as markets continued to assess the outlook for interest rates next year, the returns from a surge in AI capital spending, and the possibility of a ceasefire between Russia and Ukraine. The STOXX 50 edged up 0.1% to 5,726, up 1% for the week, while the STOXX 600 closed flat at 579, up 0.4% from last Friday. The latest US economic data maintained the prospect of a Fed rate cut next week, while an upward revision to the Eurozone labor market was consistent with the ECB's signal that interest rates would remain unchanged for...
U.S. stocks edged higher ahead of a key inflation report, with investors looking for confirmation that the Federal Reserve will cut interest rates next week. At 09:35 ET (14:35 GMT), the Dow Jones Industrial Average gained 85 points, or 0.2%, the S&P 500 index gained 14 points, or 0.2%, and the NASDAQ Composite rose 102 points, or 0.4%. PCE inflation gauge in spotlight Expectations of 25-basis point reduction at the Federal Reserve's December 9–10 meeting are running hot -- with futures now pricing in roughly an 87% probability -- on the back of recent weak labor data and broader...
Stocks in Europe traded higher on Friday, with both the STOXX 50 and STOXX 600 up 0.2%, putting them on track to notch a second consecutive week of gains. Expectations that the Federal Reserve will deliver another rate cut next week continued to lift sentiment, supporting a broadly positive tone across equity markets. Investors in Europe are also keeping a close eye on US.-led negotiations aimed at ending the war in Ukraine. Corporate news drove much of the day's sector moves, with basic resources, autos, healthcare, and chemicals among the top performers. Novo Nordisk rose more than 2%...