The European stock markets closed mixed in Friday trading as The Stoxx Europe 600 was down 0.11%, the Swiss Market Index was up 0.59%, France's CAC was off 0.01%, the FTSE in London rose 0.24%, and Germany's DAX closed 0.53% lower. In the UK, retail sales volumes were flat in March after rising 0.1% in February, according to the Office for National Statistics. On a quarterly basis, sales volumes increased 1.9% in the three months to March, compared with the previous three-month period. In Germany, producer prices of commercial products rose 0.2% in March from February but were down 2.9%...
Stocks rebounded Thursday from a 500-point loss in the Dow Jones Industrial Average as investors bet the Federal Reserve was done hiking interest rates. The Dow Jones Industrial Average added 391 points, or 1.2%. The S&P 500 rose 1.4%, and the Nasdaq Composite advanced by 2.2%. Technology shares led the way as investors reduced their Fed hike bets and Treasury yields declined, with the SPDR Technology Select Sector (XLK) gaining 2.7%. Microsoft , Nvidia and Apple were among the biggest gainers in the group, which was the hardest hit part of the market as the Fed raised rates 9 straight...
U.S. stocks rebounded on Thursday from a 500-point loss in the Dow Jones Industrial Average as investors bet the Federal Reserve was done hiking interest rates. The Dow Jones Industrial Average added 194 points, or 0.60%. The S&P 500 rose 0.8%, and the Nasdaq Composite advanced by 1.3%. Regional banks advanced, with the SPDR S&P Regional Banking ETF (KRE)climbing 0.8%. First Republic popped than 5%. PacWest and Western Alliance also advanced. The Fed's decision and subsequent comments by Chair Jerome Powell at the conclusion of the policymakers' two-day meeting on Wednesday...
U.S. equity futures were higher early on Thursday as traders digested the latest policy update from the Federal Reserve. Futures tied to the Dow Jones Industrial Average added 167 points, or 0.52%. S&P 500 futures rose 0.74% and Nasdaq 100 futures advanced by 1.02%. The major averages tumbled in regular trading, with the Dow losing more than 530 points, or 1.6%, after rising as much as 201 points earlier in the day. The S&P 500 and Nasdaq Composite each dropped more than 1.6%. The Fed's decision and subsequent comments by Chair Jerome Powell at the conclusion of the policymakers'...
Hong Kong stocks closed comfortably higher Thursday on hopes the Federal Reserve's latest interest rate hike will be one of its last as it looks to fight inflation while averting more banking sector trouble. The Hang Seng Index jumped 2.34 percent, or 458.21 points, to 20,049.64. The Shanghai Composite Index added 0.64 percent, or 20.90 points, to 3,286.65, while the Shenzhen Composite Index on China's second exchange rose 0.62 percent, or 13.01 points, to 2,111.45. Source : AFP
European stock markets opened lower Thursday as investors digest the latest interest rate hike by the U.S. Federal Reserve and comments from Fed Chair Jerome Powell. The pan-European Stoxx 600 index was 0.5% lower, with banks falling 1.4% to lead losses. The banking sector rallied on Tuesday and through most of Wednesday's session before closing 0.2% lower. The U.S. central bank hiked rates by another 25 basis points on Wednesday and expressed caution about the recent banking crisis. It also indicated that hikes are nearing an end. Source : CNBC