Stock Market News

Stock Market News (US Open) – DAX only bright spot in Europe, boosted by automakers; US opens lower

Posted on October 4, 2017 at 2:10 pm GMT

Most major European bourses remained into the red as the trading day progressed. The Stoxx 600, a broader gauge of European equity performance, was down 0.15% after rising to a three-and-a-half-month high of 391.09 earlier in the day. IBEX 35 was on track to record its worst performance in more than a year. The Spanish blue-chip index was last down by 2.3% with financials being the benchmark’s worst performing sector. Banks Banco de Sabadell, Caixabank, Bankia, Banco Santander, Banco Bilbao [..]

Stock Market News (European Open) – Europe broadly lower with Spanish equities underperforming; Hang Seng adds to gains

Posted on October 4, 2017 at 9:43 am GMT

The Japanese Nikkei 225 and the broader Topix finished the day at fresh three-year highs after achieving the same feat yesterday, albeit their performance significantly lacked yesterday’s rise. The former added less than 0.1% and the latter was only higher on the margin. Hong Kong’s Hang Seng gained 0.7% after yesterday’s surge by 2.25%; the index has been on a positive footing after the PBOC announced that it will reduce the bank reserve requirement ratio, boosting banking stocks. Australia’s S&P/ASX 200 added [..]

Stock Market News (US Open) – IBEX continues to fall; overall picture in Europe little changed; Wall Street renews highs

Posted on October 3, 2017 at 1:56 pm GMT

In afternoon European trading hours, the pan-European Stoxx 600 was flat, trading close to 390.53, this being the fresh three-month high recorded by the benchmark earlier in the day. The FTSE 100 and the CAC 40 were higher by 0.15% and 0.3% respectively on a day when Germany was closed for Unification Day. The Spanish IBEX 35 added to morning losses to trade 0.6% lower, falling to its lowest since September 8 earlier in the day. Political uncertainty in Spain [..]

Stock Market News (European Open) – European stocks mostly flat; Asia broadly higher

Posted on October 3, 2017 at 9:58 am GMT

In Asia, the Nikkei 225 finished the day higher by 1.1%, while the Topix, Japan’s broader equity index, gained 0.65%. Both benchmarks recorded their highest close since August 2015. Hong Kong’s Hang Seng made a strong comeback after yesterday’s holiday, jumping by 2.25%. Australia’s S&P/ASX 200 declined by 0.5% after yesterday’s advance of 0.8%. Mainland China and South Korea remain closed for public holidays. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all closed at all-time highs during [..]

Stock Market News (US Open) – Excluding Spain, Europe on the rise; Stoxx 600 hits 3-month high; Wall Street at fresh peaks

Posted on October 2, 2017 at 2:04 pm GMT

As trading progressed, major European benchmarks remained broadly in the green with the Spanish IBEX 35 being the exception as it was weighed by political uncertainty in the country following yesterday’s Catalan referendum for independence. The pan-European Stoxx 600 last traded 0.1% higher, hitting a fresh three-month high of 389.43 earlier in the day. The IBEX 35 was down by 1.8%, looking poised for its worst daily performance in nearly two years. The FTSE 100, DAX and CAC 40 were [..]

Stock Market News (European Open) – IBEX declining after Catalan vote; European equities mostly gaining, boosted by weaker euro

Posted on October 2, 2017 at 10:11 am GMT

The Nikkei 225 advanced by 0.2%, whereas the broader Japanese index, the Topix, lost 0.1% on a day when Asian markets, including China, Hong Kong and South Korea were closed for public holidays. Third quarter data released today showed big manufacturers in Japan being the most upbeat about the business outlook in a decade. Australia’s S&P/ASX 200 added 0.8% to record its heftiest gain in nearly two months in a light trading day with Melbourne open for business and Sydney [..]

Stock Market News (US Open) – Strong September for European equities; S&P 500 at new record high

Posted on September 29, 2017 at 2:04 pm GMT

Not long before European traders head home for the weekend, the pan-European Stoxx 600 was trading 0.1% higher relative to yesterday’s close and near the 10-week high of 386.91 it recorded earlier in the day. On a weekly basis, it was up by a decent 0.9%, while during the month of September it rose by a bit less than 3.4%. European stocks are looking set to record their strongest monthly gain so far this year. FTSE 100 component stocks, being [..]

Stock Market News (European Open) – Stoxx 600 close to flat; FTSE on the rise on weakening pound; Volkswagen falls

Posted on September 29, 2017 at 10:09 am GMT

The Nikkei 225 finished the day marginally lower with Japan’s broader index, the Topix, declining by 0.1%. Hong Kong’s Hang Seng and the Shanghai Composite added 0.5% and 0.3% respectively, with Australia’s S&P/ASX 200 adding 0.2%. Major markets in Asia will be closed for holidays next week – this includes mainland China which will be holding National Day celebrations throughout the week. Equity traders have been paying close attention to the Trump administration’s tax plan in recent days, with questions remaining [..]

Stock Market News (US Open) – European equities not much changed; FTSE hurt by rising sterling; US opens lower

Posted on September 28, 2017 at 1:57 pm GMT

Not long before European traders head home for the day, the pan-European Stoxx 600 was marginally down on the day but not far away from the 10-week high of 386.31 that was recorded yesterday. The FTSE was 0.2% lower, with the DAX and CAC 40 up by 0.3% and 0.1% respectively. The UK blue-chip index posted losses after Michel Barnier, the EU’s chief negotiator for Brexit, made some comments that boosted the British currency. Among others, he remarked that this [..]

Stock Market News (European Open) – Stoxx 600 flat; Asia mixed; Trump’s tax plan in focus

Posted on September 28, 2017 at 9:53 am GMT

In Asian markets, the Japanese Nikkei 225 and Topix indices advanced by 0.5% and 0.7% respectively after yesterday’s decline due to ex-dividend adjustments. Hong Kong’s Hang Seng lost 0.8% and the Shanghai Composite declined by 0.15%. Australia’s S&P/ASX 200 climbed by 0.1%. The US President Donald Trump yesterday unveiled his much-anticipated tax plan. The proposals by Trump did prompt criticism and will surely face a battle in Congress, but nevertheless the unveiling of the plan did boost risk sentiment with [..]

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