European stocks finished lower on Monday, with markets reacting to the recent inflation data. The STOXX Europe 600 index lost 0.49% to close at 446.76 points. The pan-European index ended last week at a new record high, registering weekly and monthly gains. The French CAC40 index ended today’s session lower …
Read More »Japanese Factory Production Grows in April Thanks to Capital Goods
Japan’s industrial production continued to grow in April as manufacturers benefited from a recovery in appetite for capital goods, especially in key overseas markets. The world’s third-largest economy is expected to grow this quarter at a much slower pace than previously thought after the government extended anti-coronavirus measures in Tokyo …
Read More »European Shares Fall From Record Levels
European shares fell from record levels on Monday, amid weak trading due to holidays in major markets, but optimism about a quick economic recovery is heading the main index towards achieving gains for the fourth consecutive month. The pan-European STOXX 600 index fell 0.1%, and shares in Frankfurt fell 0.2%, …
Read More »Japan Shares Close Lower on Profit-Taking
Japanese shares closed lower on Monday, as investors booked profits after a recent rally, but losses were limited thanks to a positive conclusion from domestic drug makers. The Nikkei index lost 0.99% to record 28,860.08 points at the close, while the broader Topix index fell 1.26% to 1922.98 points. The …
Read More »European Stocks Hit New Record High
European stocks rose on Friday, closing at a new record high, and registering weekly and monthly gains. The rise in European stocks was supported by an improved investors’ sentiment, following recent positive economic data. The German benchmark DAX and the French CAC40 indices closed higher by 0.74% and 0.75%, respectively. …
Read More »Eurozone Sentiment is at a 3-Year High
Data on Friday, May 28, showed economic sentiment in the eurozone improved more than expected, hitting a three-year high in May, with the biggest increases in the services, retail, and consumer sectors as governments eased pandemic-related restrictions. The European Commission’s index of economic sentiment rose to 114.5 in May from …
Read More »European Stoxx600 Index Rises 0.4% to a New Record High
European markets rose to record levels as global stocks were affected by strong economic data out of the US this week. The pan-European Stoxx600 index rose 0.4% in early trading, surpassing its record high on Thursday, and insurance stocks rose 1.2% to lead the gains as all sectors except the …
Read More »Japan Shares Close Higher With Growing bets on Recovery on Vaccine
Japanese stocks closed higher on Friday, May 28, as investors flocked to stocks linked to the wave of selling launched in the previous session by an adjustment by MSCI, while progress in the launch of vaccines raised risk appetite in hopes of a rapid economic recovery. The Nikkei index rose …
Read More »European Stocks Hover Near Their Peak and HSBC is Falling
There was little change in European stocks at the open Thursday, May 27, as losses in energy sector stocks were offset by gains in the mining sector, while Britain’s HSBC bank’s decision to exit US retail banking services was greeted with a tepid reception. The European Stoxx600 index settled at …
Read More »Japan Stocks Tumble on Profit-Taking Selling And Pandemic Fears
Japanese stocks fell Thursday, May 27, as investors trimmed their positions after a recent increase, in light of a possible extension of emergency measures linked to Covid-19, which raised concerns about the growth of the local economy. The Nikkei index trimmed its losses during the day, closing down 0.33% to …
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