Stock Market News

Stock Market Review (US Open) – Equities tank ahead of US open amid strong euro; Italian bourse underperforms peers

Posted on August 23, 2017 at 1:50 pm GMT

As today’s trading progressed European bourses reversed into red territory, erasing early gains. The upside beat in the eurozone’s manufacturing PMI failed to lift the pan-European benchmark index. The STOXX 600 fell 0.40%, with the banks heavy-weight Italian FTSE MIB faring the worst. In the US, the Dow Jones Industrial Average index fell 0.34%, the S&P 500 slid 0.44% and the NASDAQ Composite tumbled 0.54%. The financial sector dragged blue chip stocks lower in Europe, with the STOXX 50 index [..]

Stock Market News (European Open) – WPP drags down FTSE as performance mixed across Europe, Asia; typhoon closes Hong Kong

Posted on August 23, 2017 at 8:42 am GMT

Performance across European and Asian bourses was mixed, with the FTSE 100 being among the indices most impacted by a tumbling share price of WPP. In Asia, Japan’s Nikkei 225 rose after a few days of declines. By contrast, the Shanghai Composite and Australia’s S&P/ASX 200 fell. Hong Kong equity markets were closed for trading due to the severe Typhoon Hato hitting the city. Historically, the HANG SENG index opened lower on the trading day following a number of prior storms. [..]

Stock Market News (US Open) – European bourses hold onto gains; Wall Street up for second day

Posted on August 22, 2017 at 2:36 pm GMT

European equities held on to their gains in afternoon trading following a strong open today, ending three days of losses for the Stoxx Europe 600 index. London’s FTSE 100 led the way as mining heavyweights were some of the day’s best performers. Stocks of mining companies such as BHP Billiton plc, Antofagasta plc and Rio Tinto plc were boosted after base metals extended their rally today. Copper, iron ore, zinc, aluminium and nickel prices were all up today, benefiting from [..]

Stock Market News (European Open) – Mining results bolster world equities as geopolitical tensions fall out of spotlight

Posted on August 22, 2017 at 8:34 am GMT

The majority of equity bourses in Asia and Europe were trading in positive territory today. The HANG SENG, Australia’s ASX/S&P 200 and Shanghai Composite all ended the day higher. The only exception was the Nikkei 225 that fell 0.05%. In Europe, the STOXX 600 index rose 0.52% in early hours of trading. The pan-European STOXX 600 rose around half-a-percent in early hours of trading despite a 60% plunge in the share price of Provident Financial. The blue-chip STOXX 50 rose [..]

Stock Market News (US Open) – European equities recoup some losses as individual stocks shine; US indices open flat

Posted on August 21, 2017 at 2:08 pm GMT

As the European trading progressed all major indices on the old continent halted their decline and managed to recoup some of the losses. However, trading remained within relatively close range on thin volumes. The pan-European STOXX 600 tempered its daily loss to just 0.07% ahead of the US open. The STOXX 50 mirrored that loss, an improvement from its 0.34% fall upon the market open. US stocks pointed to a flattish day as major indices didn’t move much after the market opened, halting [..]

Stock Market News (European Open) – Mixed sentiment in equity markets as geopolitical turmoil continues to weigh

Posted on August 21, 2017 at 8:55 am GMT

The majority of equity bourses started the week lower with only a couple of bright spots in Asia. The HANG SENG (up 0.52%) and Shanghai Composite index (up 0.56%) were up while other indices in Asia fell. Australia’s S&P/ASX 200 slid 0.37% and the Nikkei 225 fell 0.40%. In Europe, the STOXX 600 declined 0.29% and the blue chip STOXX 50 fell 0.34%. Geopolitical tensions failed to provide a breather to equity markets at the start of this week. In [..]

Stock Market News (US Open) – Stock sell-off continues on persisting risk-off sentiment

Posted on August 18, 2017 at 2:06 pm GMT

Risk-off sentiment remained evident in European stock markets during today’s trading with the continent’s major stock indices extending yesterday’s losses. Shocking news of a terrorist attack in Barcelona yesterday afternoon (local time) further dampened risk appetite after dovish-perceived remarks in both the ECB minutes released on Thursday and Fed minutes released the day before. Politics in Washington – specifically fresh doubts on US President Donald Trump’s ability to deliver – are also weighing on sentiment. In terms of the US, [..]

Stock Market News (European Open) – Another week of red for world equities as indices tumble on renewed geopolitical tensions

Posted on August 18, 2017 at 8:41 am GMT

A sell-off among world equities spread to Europe where travel stocks were hit the most on the terrorist attack in Spain. Stocks in Asia finished the day lower, with all major indices tumbling. The Nikkei 225 fell 1.18%, Australia’s S&P/ASX 200 slid 0.56% and the HANG SENG index dropped 0.96%. The pan-European STOXX 600 index fell 0.74%, while the blue-chip STOXX 50 slid 0.72%. Among major European bourses, the Spanish IBEX underperformed peers, falling 1.04%. Stocks of most companies fell [..]

Stock Market News (US Open) – Central banks drive equity sentiment as markets plunge into red territory

Posted on August 17, 2017 at 1:52 pm GMT

As a result of the dovish-perceived minutes from the latest meeting of both the Federal Reserve and the European Central Bank, European equities were looking to close the day lower, following suit of their Asian peers, while US stocks fell after the market opened. The Dow Jones slid 0.24%, the S&P 500 fell 0.32%, while the Nasdaq Composite dropped 0.37%. The pan-European STOXX 600 fell by 0.18% ahead of US trading while the blue chip STOXX 50 was 0.20% lower. [..]

Stock Market News (European Open) – European equity rally comes to halt as Asian stocks end day lower

Posted on August 17, 2017 at 9:13 am GMT

Equity indices across major European bourses opened lower, following their Asian peers that ended the day with a loss. The pan-European STOXX 600 index fell 0.15% while the blue-chip STOXX 50 index dropped 0.21%. The HANG SENG declined by 0.08% and Australia’s S&P/ASX200 slid 0.10%. In Japan, the Nikkei 225 finished the day 0.14% lower. A lower probability of another interest rate hike in the US this year, based on the minutes from the latest Federal Reserve meeting led European banks [..]

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