Japanese stocks hit their biggest drop in three months on Wednesday, tracking Wall Street’s overnight losses on an unexpected rise in US inflation data, while reports of the Bank of Japan’s apparent intention to intervene in the currency market weighed on sentiment. The Nikkei index fell 2.95 percent shortly after …
Read More »European Stocks Sharply Lower On US Inflation Data
European stocks fell on Tuesday as hotter-than-expected US inflation data raised fears about aggressive interest rate hike by the Fed at its upcoming policy meeting, and triggered widespread selling in several sectors while disappointing data from the U.K., Germany and Switzerland also weighed on sentiment.The pan European Stoxx 600 fell …
Read More »US Stocks Collapse Post CPI Report
US stocks have been falling since they took a hard blow by Tuesday’s CPI data in the US for August with equity prices falling at their highest levels in more than 40 years. The Dow Jones Industrial Average fell to 31,497 points after being about 133 points, or 2.8%, from …
Read More »Nikkei tracks Wall Street higher ahead of US inflation report
Japan’s Nikkei closed higher on Tuesday, tracking Wall Street’s gains led by video game company Nintendo, even though investors were cautious ahead of a major US inflation report. The Nikkei index ended trading up 0.25 percent at 28,614.63 points, after rising earlier in the session to 28,659.76 points, its highest …
Read More »S&P 500, Nasdaq, Dow Entrench Rally Softer Dollar
US indices carried over last week’s improved risk appetite and ended in positive territory on Monday, achieving four consecutive days of gains and reaching their best levels in two weeks. The lack of important data on the economic calendar and the generally quiet session due to the Fed’s blackout period …
Read More »US shares broadly rally on positive mood
US shares rose, extending last week’s gains, and the dollar retreated with risk on by expectations that inflation is near peaking. The S&P 500 advanced with 10 of the 11 major industry groups in the green. A gauge of the dollar fell for a second day, as all G-10 peers …
Read More »Nikkei closes at its highest level in more than two weeks
Japan’s Nikkei index ended Monday’s trading at its highest level in more than two weeks, tracking Wall Street’s strong closing last week, as heavyweights and travel-related stocks led the gains. The Nikkei index closed up 1.16 percent to 28,542.11 points, its highest closing level since August 26. The broader Topix …
Read More »US shares boosted by tech, growth stocks on Friday
US shares rose in afternoon trading on Wall Street, on Friday, keeping the market on track to break a three-week losing streak.The S&P 500 rose 1.5% as of 1:50 p.m. Eastern and is up 3.6% for the week. The Dow Jones Industrial Average rose 384 points, or 1.2%, to 32,155 …
Read More »Nikkei ends week higher in monetary tightening environment
Japanese stocks rose on Friday, extending gains from the previous day, even as investors digested the hawkish rhetoric of policymakers that strongly supported expectations of big interest rate hikes to curb inflation. The Nikkei index closed up 0.53 percent to 28,214.75 points. The benchmark index started trading up 0.5 percent …
Read More »Nikkei closes at a one-week high, tracking Wall Street
Japan’s Nikkei closed at a one-week high on Thursday, tracking the strong close on Wall Street Wednesday night, while the yen’s slide against the dollar raised hopes for better prospects for local businesses. The Nikkei jumped 2.31 percent to 28,065.28 points, its highest closing level since Aug. 31. The index …
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