Japanese technology stocks fell Friday, October 7, as Sharp Corp and other concerns about the sector’s future were hurt, after warning signs from abroad from Advanced Micro Devices and Samsung Electronics. In contrast, travel-related stocks – including airlines, rail operators and supermarkets – rose before borders reopen next week to …
Read More »Chip makers drop European Stoxx 600 index
The pan-European STOXX 600 index declined on Friday, led by semiconductor manufacturers, after weak reports from Samsung and Advanced Micro Devices. At the same time, recession fears persisted amid signs that central banks will remain decisive in tightening monetary policy. The Stoxx 600 index was down 0.2 percent by 0704 …
Read More »European shares rise ahead of key data
European shares rebounded on Thursday after falling in the previous session. Investors awaited more economic data and the European Central Bank’s September meeting minutes to indicate the pace and path of interest rate hikes. The Stoxx 600 index was up 0.6 percent by 0710 GMT, tracking Wall Street. Until the …
Read More »Japan’s Nikkei index jumps to its highest level in two weeks
Japan’s Nikkei index closed higher on Thursday after touching a two-week high during the session, as markets continued their recovery from multi-month lows supported by energy-related stocks and chips. The Nikkei rose 0.7 percent to 27,311.30 points at the close, after hitting 27,399.19 points, a level not seen since September …
Read More »Eurozone PMI falls to 20-month low as recession prospect rises
Eurozone business activity fell further than expected last month, increasing the likelihood of a recession in the 19-member common currency bloc. S&P Global’s final euro zone composite PMI (purchasing managers’ index), seen as a reliable gauge of economic health, dropped to a 20-month low of 48.1 in September from 48.9 …
Read More »European shares fall after rising more than 5% in 3 days
European shares fell on Wednesday, after rising more than 5% in the previous three sessions, on the back of easing concerns about the pace of monetary tightening, as well as investors awaiting a slew of regional and US data due later on Wednesday. The pan-European Stoxx 600 index was down …
Read More »Japan’s Nikkei closes above 27,000 points for the first time in two weeks
Japan’s Nikkei broke through an important psychological barrier on Wednesday, boosted by retail stocks, although sentiment remained muted compared to global markets, which were boosted by the prospect of central banks calming sharp tightening policies. The Nikkei index broke the 27,000-point barrier for the first time since Sept. 22 and …
Read More »USD is falling and the markets are taking a breath
The dollar fell on Tuesday as US Treasury yields stopped rising after a wave of increases, which provided an opportunity for stock markets and helped the euro and pound to catch a breath and recover from multi-year lows. The Australian dollar was also eye-catching, as it fell by about one …
Read More »Japan’s Nikkei jumps 3%, supported by the rise in Wall Street
Japan’s Nikkei index jumped 3 percent on Tuesday in its best session in more than six months, as investors flock to blue-chip and hard-hit growth-related stocks and following Wall Street’s sharp rally at the close in the evening. The Nikkei rose 2.96 percent to 26,992.21 points, supported by broad buying, …
Read More »Pound rises as the tax cut plan is abandoned and Yen declines
The pound rose on Monday after Britain announced a plan to scrap the country’s highest income tax rate, while the yen slipped from the 145 level against the dollar. And sterling touched $ 1,128, after media reports that the plan was reversed, the highest rate of the currency since September …
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