Most Japanese stocks fell on Thursday as investors balked after recent gains and assessed a mixed set of corporate earnings ahead of a high-level meeting of the Group of Seven. Mazda Motor fell 2.69% after the automaker cut sales and profit forecasts due to production restrictions. While Sumitomo Mining shares …
Read More »Explainer: Wall Street’s calm is byproduct of debt ceiling woes
Wall Street has identified its own X-date in late May, and if there is no major movement in Congress by then, it is expected that some major market volatility is looming. The US government is running out of money, and if Congress doesn’t act to raise or suspend its self-imposed …
Read More »Futures lower as focus shifts to inflation data
US stock index futures fell on Wednesday as investors anticipated a crucial inflation data to determine if the Federal Reserve was effective in bringing down increasing costs. The Consumer Price Index (CPI) is predicted to have increased 0.4% last month after increasing 0.1% in March, while the so-called core CPI …
Read More »Japan’s Nikkei index is retreating from a 16-month peak amid profit-taking
Japan’s Nikkei index retreated from a 16-month peak on Wednesday as cautious investors looked to book profits ahead of key US inflation data that could influence the Federal Reserve’s path on monetary policy. The results of the business of some companies also cast a shadow on their performance, as the …
Read More »Airbnb drops 10% after earnings report offers cautious Q2 outlook
Shares of Airbnb fell in extended trading Tuesday after the company released first-quarter earnings that beat analyst estimates but offered slightly weaker-than-expected guidance and a cautious outlook for the current quarter.Airbnb swung to a net profit of $117 million from a net loss of $19 million during the year-earlier period, …
Read More »S&P500 Futures, yields depict cautious optimism despite US default woes
Market sentiment remains divided as debt-ceiling talks fails ahead of the US inflation report. The S&P500 Futures print mild gains, US 10-year Treasury bond yields snap four-day winning streak. Updates about US default, banking fallouts can entertain traders ahead of US CPI for April. Risk profile stays sluggish during early …
Read More »Japan stocks jump supported by strong corporate results
Japanese stocks rose on Tuesday, with the Nikkei index recording its highest closing level in 16 months, supported by a rise in steelmakers’ stocks on the back of strong corporate earnings. JFE Holdings jumped 14.5 percent, its biggest gain in 14 years, after Japan’s second-biggest steelmaker expected profits to rise …
Read More »Futures edge higher, key inflation data awaited
On Monday, U.S. stock index futures moved higher ahead of a crucial inflation report later this week that will be scrutinised to see if the Federal Reserve’s attempts to lower prices were working, while regional bank shares extended gains. PacWest Bancorp jumped 33% premarket after the business issued a quarterly …
Read More »Japan stocks closed lower amid a strong yen and concerns in the US banking sector
Japanese stocks closed lower on Monday as investors sold stocks as the yen rose against the dollar and concerns about the US banking sector persisted. The Nikkei index fell 0.71 percent to 28,949.88 points, closing below the 29,000 level for the first time since April 28. The index hit its …
Read More »Adidas expects bumpy year despite forecast-beating sales
Adidas shares rose on Friday after better-than-expected first-quarter results, although CEO Bjorn Gulden forecast “a bumpy year with disappointing numbers” for the German sportswear giant. Despite a 1% sales drop, an operating profit of 60 million euros ($66 million) beat analyst expectations of 15 million euros for the company which …
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