US AND EUROPEAN STOCKS
Yen hits 38-year low, Nikkei surges as Trump risk buoys US yields
In a sensational turn of events, the U.S. dollar skyrockets to a 38-year high against the yen amidst speculation of a Trump comeback. The Nikkei soars past 40,000, while oil prices surge at the beginning of the summer driving season. Sterling and the Chinese yuan weaken, with all eyes on the Federal Reserve and upcoming job data.
Dollar soars near 38-year yen peak as Trump risk lifts US yields
Dollar nears 38-year high to yen amid Trump re-election speculations, Biden's debate influence expected, ECB event in focus.
Asian stocks stutter, euro gains after first round vote in France
The euro was 0.32% higher at $1.0747, while European stock futures rose 1% as exit polls showed Marine Le Pen's eurosceptic National Rally emerged ahead in the first round of the French vote but with fewer votes than some analysts had forecast.
European shares start week on bright footing on autos, banks' boost
European shares rose on Monday, led by automobile and bank stocks, ahead of the first round of French parliamentary elections. Autos surged 1.6% after the EU and China agreed to discuss tariffs on Chinese EVs. Meanwhile, German business morale declined in June, reflecting concerns about the economy's momentum.
Europe's STOXX 600 falls as tech, banks drag
European shares fell on Friday, with Carlsberg Group dropping 8% after Britvic rejected its $3.9 billion takeover bid, causing a 0.3% decline in the STOXX 600.
European shares open lower as Fed trims rate-cut projections
European shares edged lower on Thursday as U.S. Federal Reserve's hawkish stance on rate cuts weighed down sentiment. STOXX 600 down 0.2%, rebounding from previous session's 1.2% gain. BT rose 2.5% after Carlos Slim's stake acquisition in UK's largest broadband operator.
- Go To Page 1
European shares rise as markets await US inflation, Fed verdict
European shares opened higher on Wednesday, supported by a drop in euro zone bond yields. Investor focus shifted to crucial events like U.S. inflation print and the Federal Reserve's monetary decision amid French political uncertainty.
Asia shares stumble; political uncertainty grips euro
Asian stocks fell as traders reduced bets for Fed rate cuts due to a tight US labor market. A snap election in France raised political concerns, impacting the euro. MSCI's Asia-Pacific shares index also dropped.
FOMC, FII action among 10 factors to dictate D-Street mood this week
The Nifty index closed the week with a 3.6% increase amidst two significant occurrences: the highly anticipated election results and the monetary policy decision by the Reserve Bank of India (RBI). As trading resumes on Monday, a range of significant domestic and international events scheduled throughout the holiday-shortened week are expected to influence market movements.
China’s exports surge more than expected in boost for economy
Beijing is relying on sales abroad to offset weak consumer spending at home, where a real estate slump has led households to tighten their belts.
Tokyo shares range-bound after mixed US finish
Tokyo stocks traded in a narrow range on Friday after a mixed finish on Wall Street as investors await key US jobs data. "The Tokyo market is expected to stay within a narrow range in early trade after the US market ended mixed," brokerage house Monex said.
Traders stunned by election surprises from Mexico to India
The world witnessed unexpected outcomes in the Mexican elections and Narendra Modi's victory, impacting markets globally. Claudia Sheinbaum's landslide win also played a significant role in reshaping market dynamics.
S&P 500, Nasdaq close slightly down ahead of US payrolls data
The S&P 500 and Nasdaq composite dipped from record highs ahead of key labor market data. Nvidia fell, while utilities and industrials dragged the S&P 500 lower. Investors await the U.S. nonfarm payrolls report, which may influence Federal Reserve decisions.
Stocks and bonds fall in run-up to US Jobs report
Stocks and bonds lost steam ahead of the US jobs report, impacting the Federal Reserve's next steps. Traders refrained from big bets as equities retreated from all time highs.
World stocks at record high after cautious ECB rate cut
It was enough to snip the pan-European STOXX 600's gains back to 0.6%, while the euro inched up to almost $1.0890 against the dollar and government bond yields - which reflect borrowing costs and move inversely to price - ticked up too.
European stocks at record on tech and ECB bets
The pan-European STOXX 600 benchmark rose by 0.7%, with the technology subindex surging 2.6%, driven by significant gains from Wall Street's tech giants.
US clears way for antitrust inquiries of Nvidia, Microsoft and OpenAI
Federal regulators are proceeding with antitrust investigations into Microsoft, OpenAI, and Nvidia in the AI industry. The Justice Department and FTC are leading the investigations, signaling increased scrutiny into AI technology.
Asia stocks rally as rate cut bets gather momentum; ECB in focus
Asian shares rose on Fed rate cut expectations and ECB meeting. Oil prices climbed, Treasury yields fell. Asia-Pacific shares outside Japan gained 1.14%, led by tech stocks.
European shares slip as energy counters weigh
European shares slipped on Tuesday as weakness in crude prices dragged energy stocks, while investors refrained from placing huge bets before the European Central Bank's interest rate decision later this week.
Asian shares retreat as investors question US economic strength
Asian share markets weakened as U.S. economy's 'exceptionalism' unravels with weakening manufacturing activity. MSCI's Asia-Pacific index down 0.1%. U.S. Treasury yields fall after weak manufacturing data. Westpac economist Coombs sees market pricing 40 basis points rate cuts by 2024.
Asia shares rally on hopes for more rate cuts this week
Asian share markets rose on Monday as investors anticipated rate cuts by the European Central Bank and possibly the Bank of Canada. Sticky inflation may prolong the easing process.
European shares fall as rising bond yields renew rate jitters
European shares declined on Wednesday as rising bond yields globally spurred concerns of interest rates staying elevated for longer, even as investors awaited more economic data to firm up bets on rate cuts.
European shares little changed, inflation data in focus
European stocks were subdued on Monday, with several major markets closed and investors taking a cautious stance ahead of key inflation data from the United States and Europe later this week.
Dollar set for weekly gain as rate cut bets ebb
The dollar is on track for its largest weekly gain in a month and a half, supported by strong U.S. economic data and a hawkish stance in Federal Reserve minutes.
European autos stocks hit on China tariff jitters
European autos stocks were the worst performing equity market sector on Wednesday, following a report that suggested there was potential for China to impose higher tariffs on cars.
European stocks dip as rate uncertainty weighs
European stocks slipped 0.3% as U.S. Federal Reserve officials cautioned on interest rate cuts. The STOXX 600 index saw gains in healthcare stocks offset by losses in banks and utilities.
Dollar set for weekly drop on US slowdown signs
It was last at $1.0861. April's annual U.S. inflation numbers met expectations but, since they were lower than the month before, they encouraged confidence that the Federal Reserve can cut interest rates in September and December - driving rallies in stocks and bonds and pressure on the dollar.
Industrials lift European shares to record high ahead of US inflation data
Europe's benchmark index climbed to a record high on Wednesday, as upbeat earnings boosted industrials and healthcare stocks, while investors buckled up for a highly anticipated U.S. inflation print.
Asia stocks brace for US inflation test, China data
Beijing has already reported a welcome pickup in inflation to an annual 0.3% in April, helping to soothe worries about a slide into prolonged deflation. Forecasts favour further gains in April retail sales and industrial output due on Friday.
Load More
