European stocks ended mixed on the last trading day of the year. The pan-European Stoxx 600 index closed a shortened trading session 0.1% lower on Wednesday, with most sector indexes in negative territory. The U.K.'s FTSE 100 ended the day down 0.2%, bringing the index to an annual gain of 21.5% – its strongest yearly gain since 2009. Meanwhile, France's CAC 40 ended New Year's Eve down 0.2%, while Germany's DAX rose 0.6%. Italy's FTSE MIB gained 1.1%, bringing annual gains to 31.5% and its best year since 1998. Markets were open for a half-day of trading on Wednesday, and will be closed...
Hong Kong stocks rebounded strongly in the morning session on Monday (November 24th), rising 266 points or 1% to 25,478 after six consecutive days of declines. This increase occurred as investors began buying low-priced stocks, particularly in the property, financial, and technology sectors. Sentiment was also boosted by strengthening US index futures, after New York Fed President John Williams signaled that interest rates could be cut again this year due to the weakening labor market. Furthermore, Premier Li Qiang's comments on China's critical minerals policy, emphasizing a balance between...
Asia-Pacific markets started the week with gains after New York Fed President John Williams signaled that a third interest rate cut is still possible this year. His statement that labor market weakness is a greater risk than inflation has increased the odds of a December rate cut, with the market now pricing in around a 70% chance. Today's gains also represent a rebound from last week's decline, when Asian technology stocks plunged. South Korea led the recovery, with the Kospi rising 1.28% and the Kosdaq gaining 0.5%, while Samsung jumped more than 3%. In Australia, the ASX 200 index rose...
The Dow Jones Industrial Average rebounded on Friday after New York Federal Reserve President John Williams suggested the central bank could cut interest rates yet again this year. The blue-chip index gained 529 points, or 1.2%. The Nasdaq Composite advanced 1.1%, as did the S&P 500 "I view monetary policy as being modestly restrictive, although somewhat less so than before our recent actions," Williams said in remarks for a speech in Santiago, Chile. "Therefore, I still see room for a further adjustment in the near term to the target range for the federal funds rate to move the stance...
European stocks posted their worst week since August as a risk-off mood hit some of this year's biggest winners on concerns about lofty technology valuations and an uncertain US monetary policy outlook. The Stoxx Europe 600 Index was down 0.3% by the close, extending losses since Monday to 2.2%. The index came off session lows after Federal Reserve Bank of New York President John Williams said he sees room for the US central bank to cut interest rates again in the near term. Energy and technology stocks tumbled the most on Friday, while defensive sectors including food...
European stock markets opened lower on Friday (November 21st), as volatility in US technology stocks returned to the Atlantic. Shortly after the opening bell, the pan-European Stoxx 600 index fell 0.75%, with nearly all sectors and major bourses in negative territory. Global stocks have fluctuated sharply this week, as concerns about AI valuations have plagued equity markets. They eased slightly from a four-day sell-off following Nvidia's earnings release on Wednesday, but their gains were quickly reversed during Thursday's trading session as New York-listed stocks continued to...