Eurozone inflation fell more than expected this month, as underlying price growth stalled, fueling speculation about the need for more European Central Bank rate hikes beyond the one scheduled for later this month. In May, inflation in the eurozone’s 20 member countries fell to 6.1% from 7.0% in April, falling …
Read More »Japan stocks closed higher amid optimism about the US debt ceiling agreement
Japan’s Nikkei index closed higher on Thursday, amid investors buying stocks after losses recorded in the previous session and amid optimism after the US House of Representatives approved the debt ceiling bill that will avoid the country from default. The Nikkei index rose 0.84 percent to close at 31,148.01 points, …
Read More »Intel makes big moves after earlier Wall Street’s declining performance
Intel shares popped about 4% after the chipmaker announced it could soon see a turnaround. Speaking at a conference, CFO David Zinsner said the company’s data center division is starting to “turn the corner,” while adding that China inventory should start to ease after Q3 and that Q2 revenue will …
Read More »Japan’s Nikkei index ends a 4-day winning streak amid profit-taking and yen strength
Japan’s Nikkei ended a four-day winning streak on Wednesday, with investors taking profits after the index hit a 33-year high earlier this week, and a stronger yen and disappointing Chinese data also weighed on the markets. The Nikkei index fell 1.41 percent to 30,887.88 points, its biggest daily decline since …
Read More »FTSE 100 drifts lower; WPP shines on AI deal with Nvidia
The stock market in the United Kingdom traded neutral on Tuesday, as investors returned from a long weekend to absorb an agreement to lift the United States’ debt ceiling as well as new inflation fears. At 08:15 GMT, the benchmark FTSE 100 index was down 0.2%, the mid-cap FTSE 250 …
Read More »Global investors welcoming debt deal despite looming risks
As politicians work to push the agreement through Congress before the new June 5 deadline, international investors are simulating the market effects of that deal.Investors predicted that a deal between the White House and House Republicans to raise the $31.4 trillion debt ceiling would prevent a disastrous American default, increase …
Read More »U.S. stock futures point higher after debt ceiling deal
US stock futures rose in modest holiday trade on Monday as legislators in Washington reached an agreement to raise the $31.4 trillion debt ceiling and avoid a potentially catastrophic default. By 11:32 GMT, the Dow futures contract had gained 60 points, or 0.18%, the S&P 500 futures had gained 10 …
Read More »Asian stocks rise, Nikkei at 33-year high on debt ceiling optimism
Most Asian equities rallied on Monday as markets hailed a tentative agreement reached by US legislators to raise the debt ceiling and avoid a default, with Japan’s Nikkei resuming its near-33-year highs on better risk appetite. The Nikkei 225 led Asian markets, rising 1.4% to its highest level since July …
Read More »US equities sharply higher on debt ceiling deal optimism
US stocks finished sharply higher on Friday on hopes that talks on raising the US debt ceiling could further progress and a deal could eventually be made, while chip stocks surged for a second straight day on optimism about artificial intelligence.After several rounds of talks, US President Joe Biden and …
Read More »Nikkei rose for the seventh week, thanks to chip stocks
The Japanese Nikkei index rose on Friday, supported by gains in chip companies, as the strong profits achieved by the US company Nvidia continued to enhance the gains of the sector. The Nikkei index closed up 0.37 percent to 30,916.31 points, achieving gains for the seventh consecutive week, the longest …
Read More »