The dollar stabilized on Thursday after long-term US Treasury yields rose overnight, as initial optimism about China easing coronavirus restrictions and opening up the economy waned. After China removed its quarantine rule for inbound travellers on January 8, countries such as the United States, Japan and India said they would …
Read More »European stocks rise as investors assess the easing of Chinese restrictions
European stocks rose in early trade on Wednesday and the FTSE 100 outperformed its peers after a long Christmas weekend as investors assessed Beijing’s steps towards reopening its Covid-hit economy. The STOXX 600 European shares rose 0.3 percent by 0809 GMT, while the Financial Times 100 rose 0.9 percent, as …
Read More »European stocks rise amid optimism about the prospects for the Chinese economy
European stocks rose on Tuesday, tracking a global rally in stocks after China eased COVID-19 restrictions, raising hopes for a recovery in the world’s second-largest economy. The pan-European STOXX 600 index rose 0.6 percent after the long Christmas weekend. It had lost about 12 percent since the beginning of the …
Read More »Nikkei index hits the highest level in a week, with the rise of retail stocks
Japan’s Nikkei share average touched a one-week high on Tuesday amid big gains in retail stocks after Takashimaya raised its earnings forecast and amid hopes for the return of high-spending Chinese tourists. The financial sector stocks also continued their strong performance after the sudden decision of the Bank of Japan …
Read More »Japanese stocks closed higher thanks to gains on Wall Street
Japanese stocks closed higher on Monday, supported by the rise of Wall Street in the last session, and the stocks of technology and energy companies topped the gainers, while the market was affected by the decline in stocks of banks and insurance companies. The Nikkei index rose 0.65 percent to …
Read More »Stability of European stocks at the opening, and the gains in the health sector offset the decline in technology stocks
European stocks were stable on Friday, as gains in health care stocks offset the decline in some luxury goods and technology stocks. The STOXX 600 was down 0.03% by 0810 GMT, but was set to gain 0.6% in the last week before Christmas, after two straight weeks of losses. The …
Read More »Japan’s Nikkei index closed lower, posting its biggest weekly decline since June
Japan’s Nikkei closed lower on Friday, posting its biggest weekly drop since mid-June, and chip-related stocks led Friday’s declines, trailing their Wall Street counterparts on Thursday. Shipping stocks and other economically sensitive stocks also plunged amid fears that the Federal Reserve and other major central banks will continue to tighten …
Read More »Yen supported by the policy adjustment of the BoJ and dollar is declining
The yen rose on Thursday, back towards a four-month peak against the dollar hit this week after a surprise shift by the Bank of Japan on bond yield controls spurred bullish bets for the Japanese currency. The yen rose by 0.4 percent to 131.99 per dollar. It hit a four-month …
Read More »European stocks rise with support of energy and financial sectors
European stocks rose on Thursday for the second consecutive session, supported by stocks in the financial and energy sectors, as investors were optimistic about improving consumer sentiment in the United States after the decline in inflation expectations. The pan-European STOXX 600 rose 0.3% by 0809 GMT in quiet holiday trade, …
Read More »Yen is holding on to big gains after a sudden change in the Bank of Japan’s policy
The yen stabilized on Wednesday after jumping nearly 4 percent in the previous session when the Bank of Japan unexpectedly revised one of its key policies, giving government bond yields an opportunity to rise. The Bank of Japan revised its yield curve control policy on Tuesday while leaving its broader …
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