European shares rose on Monday, boosted by fresh gains in healthcare shares. At the same time, signs of a slowing Chinese economy sparked a flight to sectors such as telecoms and important consumer products that are usually seen as immune to economic cycles. The pan-European Stoxx 600 index rose 0.3 …
Read More »Nikkei hits 7-month high on Wall Street optimism and strong earnings
Japan’s Nikkei index jumped on Monday to its highest level in more than seven months, buoyed by Wall Street’s gains at the end of last week, as strong corporate earnings increased risk appetite and prompted investors to snap up falling stocks. The Nikkei rose 1.14 percent to 28,871.78 points, extending …
Read More »Nikkei closes at 7-month high on hopes of slowing US rate hike
Japan’s Nikkei index closed at a seven-month high on Friday, led by SoftBank Group and other technology heavyweights, as signs of slowing inflation in the United States raised hopes of a less sharp interest rate hike by the Federal Reserve and boosted appetite. on the risk. The Nikkei average jumped …
Read More »European stocks open higher
European shares started Thursday’s session higher to consolidate gains in the previous session after data showed signs of slowing inflation in the United States, while shares of Dutch insurance company Aegon rose after raising its full-year forecast. The pan-European Stoxx 600 index rose 0.4 percent after its best session in …
Read More »SoftBank to book $34 bln gain by cutting Alibaba stake to 14.6%
SoftBank Group Corp on Wednesday said it will book an estimated gain of 4.6 trillion yen ($34.08 billion) on settling prepaid forward contracts using shares in Alibaba Group Holding, reducing its stake to 14.6% from 23.7%. SoftBank on Monday booked a record quarterly net loss due to sliding valuations at …
Read More »Nikkei falls, dragged down by chip stocks
Japan’s Nikkei fell on Wednesday, dragged down by chip-related shares after technology company Micron led the decline in US technology shares Tuesday night, while investors awaited data that could influence the Federal Reserve’s tightening path. The Nikkei closed down by 0.65 percent at 27,819.33 points, and the broader Topix index …
Read More »The dollar is falling as investors await US inflation data
The dollar fell during trading on Tuesday, August 8, as investors awaited US inflation data this week for signs that price pressures in the United States will ease after raising interest rates. The dollar index, which measures the value of the US currency against a basket of six competing currencies, …
Read More »The dollar is falling slightly as investors await inflation data
The dollar fell slightly from its highs on Tuesday as investors awaited US inflation data this week, as they fear a surprise may increase pressure to raise interest rates. This data is due out on Wednesday, with things expected to remain calm until then. The Australian and New Zealand dollars …
Read More »The dollar is falling, losing some employment data gains
The dollar fell on Monday, losing some of the gains it made on the back of strong US employment data released on Friday as currency markets reversed their initial reaction. The higher-than-expected US employment data last week boosted the dollar’s strength against the major currencies. Traders saw the data as …
Read More »Nikkei closes at a 4-month high, amid strong expectations for companies
The Japanese Nikkei index closed at its highest level in more than four months on Monday, as investors flocked to stocks of companies that announced strong expectations, while caution ahead of the US consumer price report limited gains. The Nikkei rose 0.26 percent to 28,249.24 points, its highest close since …
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