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%...
Asia Pacific markets traded lower on Friday as investors digested more economic data out of the U.S. and more hawkish commentary from the Federal Reserve. In Australia, the S&P/ASX 200?s opened 0.56% lower, after Reserve Bank of Australia governor Philip Lowe warned of inflation risks to Australia if inflation was not brought down sufficiently. In South Korea, the Kospi lost 1.04% to start the day and the Kosdaq fell 1.07%, while in Japan, the Nikkei 225 opened 0.57% lower and the Topix lost 0.39%. Later in the day, Singapore will release its latest non-oil domestic exports for...
Tokyo stocks opened lower on Friday, tracking losses on Wall Street after hot US wholesale price inflation and hawkish comments from a Fed official reignited rate hike fears. The benchmark Nikkei 225 index was down 0.57 percent, or 156.52 points, at 27,539.92 in early trade, while the broader Topix index lost 0.42 percent, or 8.41 points, to 1,992.68. Source: AFP
Nikkei Tokyo stocks ended higher on Thursday, with investors encouraged by rallies on Wall Street and a weaker yen against the dollar. The benchmark Nikkei 225 index closed up 0.71 percent, or 194.58 points, at 27,696.44, while the broader Topix index added 0.67 percent, or 13.35 points, to 2,001.09. Hang Seng Hong Kong stocks rose Thursday following gains in New York, as traders weighed data showing US consumers continued to spend last month despite rising interest rates and elevated inflation, suggesting the economy remained strong. The Hang Seng Index added 0.84 percent, or 175.50...
Stocks fell Thursday after another hot inflation report, and a decline in jobless claims, showed the economy is holding up amid the Federal Reserve's rate hikes. The Dow Jones Industrial Average shed 431.20 points, or 1.27%, to close at 33,696.85. The S&P 500 dipped 1.38% to 4,090.41 and the Nasdaq-Composite fell 1.78% to close at 11,855.83. Microsoft and Disney contributed the most to the Dow's decline, down 2.66% and 3.12% respectively. Tesla shed 5.69% following a vehicle recall, weighing on the S&P 500. Stocks slipped after January's producer price index, another inflation...
Stocks fell Thursday after another hot inflation report, and a decline in jobless claims, showed the economy is holding up amid the Federal Reserve's rate hikes. The Dow Jones Industrial Average shed 189 points, or 0.55%. The S&P 500. dipped 0.52% and the Nasdaq-Composite fell 0.49%. Microsoft and Amgen contributed the most to the Dow's decline, losing nearly 1% each. Every S&P 500 sector fell, with real estate, utilities and industrials leading the way lower. January's producer price index, another inflation measure, rose 0.7% on the month while economists surveyed by Dow Jones...