Stock Market News

Stock Market News (European Open) – Equity markets in recovery mode; US House of Representatives votes on tax bill

Posted on November 16, 2017 at 9:37 am GMT

In Asia, major benchmarks were posting gains for the most part during today’s trading, putting a halt to losses from previous sessions. The Japanese Nikkei 225 and Topix indices added 1.5% and 1.0% respectively. All but one industry sector – energy – finished higher in the Topix, Japan’s broader gauge of equity performance. Hong Kong’s Hang Seng Index advanced 0.6% while the Shanghai Composite edged lower by 0.1%. Australia’s S&P/ASX 200 gained 0.2%. The PBOC proceeded with another cash injection [..]

Stock Market News (European Open) – Sea of red in both Asia and Europe; energy stocks hurt on declining oil

Posted on November 15, 2017 at 9:30 am GMT

Major Asian indices extended yesterday’s decline during today’s trading with some of them recording sizable losses. In Japan, The Nikkei 225 and the Topix fell by 1.6% and 2.0% respectively, further distancing themselves from last week’s multi-decade high closes. The Topix, which more broadly gauges Japanese equity performance, slid for the fifth straight day for the first time since September 2016 while posting its sharpest fall since March. Hong Kong’s Hang Seng lost 1.0% and the Shanghai Composite finished lower [..]

Stock Market News (European Open) – European blue-chips mostly edging higher; tax reform dominates attention in US

Posted on November 14, 2017 at 9:57 am GMT

Major benchmarks in Asia finished the day in the red today. The Nikkei 225 finished flat after gaining as much as 0.7% and losing as much as 0.3% during the day. Japan’s broader gauge of equity performance, the Topix, lost 0.3%. Hong Kong’s Hang Seng closed 0.1% down, while the Shanghai Composite fell by 0.5%. Australia’s S&P/ASX 200 declined by 0.9%. Chinese data on fixed asset investment, industrial production and retail sales all came in below analysts’ expectations, perhaps hampering [..]

Stock Market News (European Open) – FTSE boosted by falling sterling; Japanese indices extend losses

Posted on November 13, 2017 at 9:49 am GMT

In Asian equities, the Japanese Nikkei 225 and Topix indices finished the day lower by 1.3% and 0.9% respectively, further distancing themselves from the multi-decade highs recorded last week. The Nikkei recorded its worst daily performance since May. Hong Kong’s Hang Seng added 0.2% to finish at its highest in almost ten years and the Shanghai Composite climbed by 0.5%, closing at its highest in more than one year. Australia’s S&P/ASX 200 slid 0.1%, being not far below its highest [..]

Stock Market News (European Open) – Europe in red, though losses contained; US tax story remains a major driver of sentiment

Posted on November 10, 2017 at 10:04 am GMT

Following yesterday’s sharp reversal that saw the Japanese Nikkei 225 and Topix indices retreat from multi-decade highs, the two benchmarks extended losses today, finishing lower by 0.8% and 0.7% respectively. Hong Kong’s Hang Seng lost 0.05%, staying near its highest in almost 10 years, while the Shanghai Composite added 0.2% to record a more than one-year high close. There were reports that China will allow foreign firms to take controlling stakes in local securities as well as remove foreign ownership [..]

Stock Market News (European Open) – European stocks edge slightly lower; Japanese equities reverse gains; Nvidia eyed

Posted on November 9, 2017 at 9:39 am GMT

In an unusual day for Japanese equities, the Nikkei 225 finished the day lower by 0.2% and the Topix down by 0.25%. Earlier in the day, the Nikkei and the Topix added 2.0% and 1.5% at their highest, with the former exceeding the 23,000 mark for the first time since January 1992. While it wasn’t clear what prompted the reversal, some attributed it to technical trading. It could had also come – at least in part – on the back [..]

Stock Market News (European Open) – European financials underperform on US tax reform worries; Topix at highest since 1991

Posted on November 8, 2017 at 10:01 am GMT

In Asia, the Nikkei 225 lost 0.1%, remaining within breathing distance of the highest close since early 1992 that was recorded yesterday. The Topix, Japan’s broader index, added 0.2%, finishing the day at its highest since late 1991. Hong Kong’s Hang Seng hit an intra-day decade high before declining to finish the day 0.3% lower. The Shanghai Composite closed marginally higher, rising to a near two-year high during today’s trading. Australia’s S&P/ASX 200 finished up on the margin to post [..]

Stock Market News (European Open) – DAX records fresh record high, boosted by weaker euro; Nikkei at highest since 1992

Posted on November 7, 2017 at 10:14 am GMT

Bullish sentiment was strong in Asian markets today with major indices closing at multi-year highs. The Nikkei 225 and the Topix, Japan’s broader gauge of equity performance, added 1.7% and 1.2% to finish at their highest since early 1992 and early 2007 respectively. The Nikkei is now eyeing the 23,000 mark. The two benchmarks were boosted by positive corporate results and a weakening dollar/yen pair as component stocks’ revenues are heavily dependent on exports. Hong Kong’s Hang Seng rose by [..]

Stock Market News (European Open) – Spanish stocks underperform on Catalan uncertainty; Stoxx 600 remains near 2-year highs

Posted on November 6, 2017 at 10:37 am GMT

Equities in Asia were giving a mixed picture today with most major indices finishing the day not much changed. In Japan, the Nikkei 225 closed marginally higher and the Topix lost 0.1%. Hong Kong’s Hang Seng was little changed and the Shanghai Composite added 0.5%. Australia’s S&P/ASX 200 slid 0.1%. Dollar/yen today touched a near eight-month high of 114.72 on the back of monetary policy divergence as the Federal Reserve remains on a path of normalization whereas the Bank of [..]

Stock Market News (European Open) – FTSE eyes record high; jobs report could drive sentiment in the US

Posted on November 3, 2017 at 10:15 am GMT

Out of Asia, Hong Kong’s Hang Seng added 0.3% with the Shanghai Composite finishing the day lower by 0.4%. Australia’s S&P/ASX 200 advanced by 0.5%. Japanese markets were closed for Culture Day. At 1001 GMT, the overall picture in Europe was positive for the most part with the pan-European Stoxx 600 being up by 0.2%. The blue-chip Euro Stoxx 50 was little changed. The FTSE 100 was 0.3% higher. It yesterday surged on the back of a declining sterling following [..]

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