Top view of Seoul in the morning in autumn 2016. Natthapol Bussai | Moment | Getty Images Asia-Pacific markets are set to open mixed on Thursday, after comments from U.S. Federal Reserve Chair Jerome Powell indicated that a rate cut could come in September if inflation data remains “encouraging.” This comes after the Fed’s Federal … Read more
LONDON — European markets closed higher on Wednesday, maintaining positive momentum after euro zone inflation rose unexpectedly. The Stoxx 600 index preliminarily closed 0.79% higher, with technology stocks jumping 2.62%. Dutch chip firm ASML led the charge, rising as much as 10% before somewhat paring gains after a Reuters report suggested that the company could be exempted … Read more
LONDON — With sterling as one of the best performing major currencies so far this year, analysts at various investment banks believe that the British pound still has more room to run, despite the Bank of England likely cutting interest rates in the near term. In a recent research note, experts at Goldman Sachs were … Read more
Shares of global semiconductor firms rallied on Wednesday as they were boosted by some positive earnings in the sector and a report of potentially less severe U.S. export restrictions on China. AMD was among the morning’s big winners with shares up more than 9% in U.S. premarket trading after the company reported a top and … Read more
Bank of Japan Governor Kazuo Ueda delivers a speech at the start of issuance of new yen banknotes at the Bank of Japan headquarters in Tokyo on July 3, 2024. Str | Afp | Getty Images Asia-Pacific markets were mixed on Wednesday as investors awaited the Bank of Japan’s rate decision and assessed China’s business … Read more
A pedestrian walks past the Bank of Japan (BoJ) building in central Tokyo on July 28, 2023. Richard A. Brooks | Afp | Getty Images Asia-Pacific markets fell across the region on Tuesday as the Bank of Japan kicks off its two-day monetary policy meeting. When the meeting concludes Wednesday, the BOJ is expected to … Read more
LONDON — European markets were higher Monday as investors digest U.S. inflation data and look ahead to another busy week of earnings and central bank meetings. The Stoxx 600 index was up 0.21% by 9:50 a.m. London time, with most sectors and major bourses across the region trading in the green. Oil and gas stocks … Read more
Japan’s Mount Fuji seen in the Tokyo’s horizon on January 1, 2011. Kazuhiro Nogi | Afp | Getty Images Asia-Pacific markets were set to kick-start the week higher on Monday with Nikkei 225 Chicago futures pointing to a 2% jump from the index’s last close, after a key U.S. inflation report late last Friday raised … Read more
LONDON — European markets opened mixed on Friday, as a global stock selloff eases and investors await a U.S. inflation print. The pan-European Stoxx 600 opened slightly above the flatline, with sectors and major bourses spread between losses and gains. Autos led loses, down 1.2%, as Germany’s Mercedes Benz dipped 2% after narrowing its annual … Read more
Center street shibuya. David Gee | Moment | Getty Images Asia-Pacific markets were mixed on Friday after Thursday’s sell-off saw some indexes in the region hit their lowest level in months. The sell-off came as traders rotated out of tech on Wall Street, pushing major U.S. indexes on Wednesday lower, with the S&P and Nasdaq … Read more
