Japan’s Nikkei fell to its lowest levels in nearly three weeks on Monday, as a stronger yen hurt exporters’ earnings expectations while automakers led the declines. The Nikkei closed trading down 0.6 percent, recording 33,231.27 points, after earlier declining by 1.22 percent to 33,023.04 points for the first time since …
Read More »Nikkei records its first weekly decline in 5 weeks, under pressure from technology stocks
Japan’s Nikkei index fell at the close on Friday, also recording its first weekly decline in five weeks, with technology companies’ shares falling due to a rise in bond yields following economic data that provided additional evidence that the US central bank may end raising interest rates. The Nikkei ended …
Read More »Eurozone Preliminary HICP inflation softens to 2.4% YoY in November
The Eurozone Harmonised Index of Consumer Prices (HICP) rose by 2.4% on an annual basis in November, marking a decrease from October’s 2.9% increase, according to official data published by Eurostat on Thursday. This figure fell short of market expectations, which anticipated a 2.7% print. In November, Core HICP inflation …
Read More »Market Drivers – US Session, Nov. 29
Although it recovered somewhat from monthly lows, the US Dollar Index (DXY) was still under pressure. In the third quarter, the US economy grew at an annualized rate of 5.2%, which was higher than the previous estimate of 4.9%. The US will release important data on Thursday, such as the …
Read More »Euro continues to lose ground against the Sterling
As the Euro declines in value relative to the Pound Sterling, the Euro/GBP is testing 0.8640. Consumer confidence in the eurozone does not change, but the business outlook does. The Euro is expected to lose ground to the Pound Sterling, setting up the pair for a fifth day of losses …
Read More »Nikkei closes lower under pressure from profit taking wave
The Japanese Nikkei index ended the session on Wednesday with a decline amid tepid trading, as investors continued to sell shares to take profits after a rise witnessed last week. The Nikkei index fell 0.26 percent to 33,321.22 points after opening with a decline of 0.49 percent and then rising …
Read More »European stocks rise on improved business sentiment
Although a series of indicators issued by the German Ifo Institute recorded levels below expectations, they were able to support stocks on the European stock exchanges on Friday because the recent figures were higher than previous readings.The Ifo Business Climate Index for Germany, corporate confidence, rose 87.3 points this November …
Read More »Eurozone banks under pressure on accelerating loan default
The European Central Bank has warned about rising loan default cases and late payments as signs of stress in the eurozone’s banks. The bank is facing higher funding costs, declining asset quality, and fewer lending volumes, despite increased interest rates boosting revenue and profits. The ECB also warns that slower …
Read More »Japan’s Nikkei index rises despite the faltering shares of chip manufacturers
Japan’s Nikkei index rose on Wednesday, recovering from declines recorded early in the session, as the decline in the yen supported shares of export companies, but shares of chip manufacturers fell. The Nikkei rose 0.29 percent to close at 33,451.83 points. The broader Topix index rose 0.44 percent. Cyber Agent …
Read More »Nikkei declines amid selling in auto stocks due to the rise in the yen
Japan’s Nikkei closed slightly lower on Tuesday as the yen’s rise against the dollar led to selling in automakers’ stocks. The Nikkei fell 0.1 percent to 33,354.14 after opening 0.2 percent higher and trading slightly higher during the session. The broader Topix index fell 0.2 percent to 2,367.79 points. The …
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