The STOXX 50 went up 0.3% and the STOXX 600 rose 0.2% on Monday, tracking a general positive tone across European equity markets in Asia and the US. Traders were also digesting corporate news and economic data. Shares of AstraZeneca jumped 1.6% after news the drugmaker plans direct listing on the New York Stock Exchange, replacing its current ADR structure. GSK increased 3.6% after appointing a new CEO. Lufthansa added 1.4%. On the other hand, Genmab declined 2.5% after it agreed to buyNasdaq-listed Dutch biotech Merus. On the data front, preliminary figures showed inflation in Spain...
Asia-Pacific markets mostly fell on Thursday, with investors watching tech shares in the region after chipmaker Nvidia reported better-than-expected results. Nvidia reported a 94% year-on-year surge in revenue for the third quarter to $35.08 billion. However, that is still a consecutive slowdown from the previous three quarters, when sales rose 122%, 262%, and 265%, respectively. Net income during the quarter rose to $19.3 billion, versus $9.24 billion in the same period a year ago. All eyes are on Indian stocks related to billionaire Gautam Adani, after the chair of India's Adani Group...
US stocks struggled to find footing in the final minutes of Wednesday trading as investors braced for Nvidia Corp. earnings and weighed the latest Ukraine-Russia tensions. The dollar rose. The S&P 500 ended the day little changed as did the Nasdaq 100. The technology heavy gauge fell more than 1% intraday following Ukraine's missile strikes on Russia. Investors are awaiting Nvidia Corp.'s quarterly results after the market close to gauge if the stock can continue its remarkable run. Shares of the world's most valuable company fell 0.8% at the...
European markets traded higher Wednesday as investors keep an eye on a spike in tensions in the Ukraine-Russia war. The pan-European Stoxx 600 was 0.3% higher by mid-afternoon, with the majority of sectors in positive territory. The FTSE 100 was broadly flat after data released earlier showed U.K. inflation picked up sharply to a higher-than-expected 2.3% in October. The best performer on the Stoxx 600 index was Sage Group, up around 19%, after the British software company reported a better-than-expected 21% rise in full-year operating profit. The worst performer on the index was national...
Stocks fell on Wednesday, as investors awaited a key earnings report from tech giant Nvidia and digested disappointing results from Targe The Dow Jones Industrial Average rose 40 points, or 0.1%. The S&P 500 fell 0.4%, and the Nasdaq Composite dropped 0.5%. "Like most investors, we will be watching NVIDIA's earnings report today for clues on how AI spending is coming in," Chris Senyek of Wolfe Research wrote in a Wednesday note. "We see negative news flow or disappointing spending trends as one of the key risks that could delay or even reverse the decline into the end of the...
Hong Kong shares continued to rise as authorities began taking steps to support the economy, including lowering taxes on property sales and planning supportive measures for foreign and domestic investors. Chinese officials have also reassured Wall Street executives of more capital market reforms and the release of the central bank's benchmark lending rate. The Hang Seng Index rose 0.21 percent, or 41.34 points, to close Wednesday at 19,705.01. The Hang Seng China Enterprises Index rose 0.12 percent, or 8.65 points, to close at 7,090.86. Chinese government officials have vowed to further...