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Stock Market News

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Stock Market News (US Open) – Stock market rally slows as Fed meeting starts

Posted on September 19, 2017 at 1:47 pm GMT

The absence of major corporate news stories made investors focus more on broader themes such as the upcoming Fed decision on interest rates on Wednesday and President Trump’s speech at the UN. One company story that was making headlines was the filing for bankruptcy by the largest US toy merchandise stores, Toys R Us. The iconic brand’s shops were unable to cope with competition from online resellers such as Amazon and discounters such as Walmart. The company is not listed [..]

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Stock Market News (European Open) – European stocks decline modestly; Japanese equities surge after holiday

Posted on September 19, 2017 at 10:03 am GMT

As Japanese markets were back in business after yesterday’s “Respect for the Aged Day” holiday, major indices in the country enjoyed the bullish reaction that equity benchmarks across the world had experienced the day before. Specifically, the Nikkei 225 gained nearly 2.0%, while Japan’s broader index, the Topix, advanced by an also impressive 1.8%, rising to its highest since August 2015. Hong Kong’s Hang Seng lost 0.4%, the Shanghai Composite fell by 0.2% and Australia’s S&P/ASX 200 declined by 0.1% [..]

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Stock Market News (US Open) – US indices hover near all-time highs while Portugal upgrade and telecoms power Europe higher

Posted on September 18, 2017 at 1:55 pm GMT

Stock markets in Europe pared earlier gains but remained positive in the midst of positive risk appetite around the world.  Portugal led Europe higher after rating agency Standard and Poor’s upgraded the country to investment grade, the first of the three big rating agencies to do so. The Stoxx Europe 500 index was up by 0.28% just before the US open, with investors preferring telecommunications, industrials and basic materials.  Defensive sectors such as healthcare and consumer non-cyclicals were lagging today’s [..]

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Stock Market News (European Open) – Risk-on across the board; Stoxx 600 records 7-week high

Posted on September 18, 2017 at 10:01 am GMT

In terms of Asian indices, Hong Kong’s Hang Seng finished the day higher by an impressive 1.3%. The Shanghai Composite rose by 0.3% and Australia’s S&P/ASX 200 by a bit less than 0.5%. South Korea’s Kospi performed the strongest since early May, gaining close to 1.4%. Japanese markets were closed for a public holiday. The risk-off trades during Friday’s trading after North Korea performed another missile test were short-lived, failing to have much of an impact on investors’ appetite for [..]

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Stock Market News (US Open) – European equities decline, still higher on the week; Wall Street shrugs off N. Korean strike

Posted on September 15, 2017 at 2:10 pm GMT

As markets were getting near the week’s close in Europe, the pan-European Stoxx 600, which more broadly gauges equity performance in the old continent, was trading 0.3% lower on the day. This fall was deeper relative to declines during morning trading, as the index was pushed lower by banking stocks which extended losses from earlier in the day. Still, on a weekly basis the benchmark was performing strongly, being up by 1.3%. The FTSE 100, which has been in focus [..]

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Stock Market News (European Open) – N. Korean missile launch already priced in?

Posted on September 15, 2017 at 10:09 am GMT

North Korea today yet again launching a missile that flew over Japan and landed into the Pacific Ocean did dampen appetite for risk, though not as much as similar actions in the past. In particular, market reaction indicated that either such a move was expected – at least to a large extent – or that it was perceived as a continuation of provocation from recent weeks rather than adding to tensions. Indicative of this is the fact that perceived safe [..]

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Stock Market News (US Open) – FTSE declines steeply on sterling strength; Apple weighs on US benchmarks

Posted on September 14, 2017 at 2:15 pm GMT

The pan-European Stoxx 600, which gives a wider view of European equities, was trading up on the margin as European traders were getting near the market’s close. The FTSE 100 was a notable decliner, being dragged down by the stronger British currency. Sterling surged today after Bank of England policymakers, upon completion of their meeting on monetary policy, signaled that a rate hike might be delivered for the first time in more than ten years “in the coming months”. Indicatively, [..]

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Stock Market News (European Open) – Equity rally takes a breather; miners remain under pressure

Posted on September 14, 2017 at 9:55 am GMT

The rally in stocks earlier in the week, effectively on Monday and Tuesday, was not sustained mid-week. The Nikkei 225 and the broader Japanese index, the Topix, both contracted by 0.3% after rising in the three preceding days. Hong Kong’s Hang Seng built on yesterday’s decline to finish the day lower by 0.4%. The Shanghai Composite was down by a similar proportion and Australia’s S&P/ASX 200 edged lower by 0.1%. Further dampening risk sentiment today were Chinese data on fixed [..]

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Stock Market News (US Open) – European stocks partially recover losses; miners dominate FTSE underperformers; Wall Street opens lower

Posted on September 13, 2017 at 2:06 pm GMT

European equities, as gauged by the performance of major indices in the continent, have to a large extent reversed losses from earlier in the day. The Stoxx 600 was down by less than 0.1%, making up for more than three-quarters of the 0.4% decline it reached at its lowest earlier in the session. The FTSE 100, DAX and CAC 40 all moved higher with the former remaining in red territory though, being last down by 0.2%. The DAX and the [..]

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Stock Market News (European Open) – Stock rally eases; European equities retreat in early trading

Posted on September 13, 2017 at 10:05 am GMT

In Asian equities, the Nikkei 225 managed to finish the day higher by a bit less than 0.5%. This is the third straight day that the Japanese benchmark has finished in the green, though its gains were limited relative to the more than 1% added in each of the two preceding days. The Topix, which more broadly gauges Japanese equity performance, closed 0.6% higher, again not managing to match performance from earlier in the week. Hong Kong’s Hang Seng was [..]

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