All Articles Tagged - IT40

Stock Market News (US Open) – European equities rebound; Wall Street starts day in the green despite N. Korean tensions

Posted on September 6, 2017 at 2:00 pm GMT

Looking at the pan-European Stoxx 600 to more broadly gauge European equity performance, the overall picture reversed to positive with the index trading slightly less than 0.1% higher during late European trading hours. Losses stood at 0.6% when it hit its lowest earlier in the day. Should it finish the day higher then this would mark an end to two consecutive daily declines. The UK’s FTSE 100 remained in the red, being last down by 0.4%, while the German DAX [..]

Stock Market News (European Open) – Geopolitics divert attention from fundamentals with most major indices heading lower

Posted on September 6, 2017 at 9:54 am GMT

In Asia, the Nikkei 225 continued building on losses from previous days, though today’s decline was more modest than in the two preceding days. Specifically, the index fell by 0.1%. The broader Japanese index, the Topix, edged 0.1% higher. Australia’s S&P/ASX 200 fell by 0.3%, more than reversing yesterday’s gain. Hong Kong’s Hang Seng declined by a more considerable 0.5%, while the Shanghai Composite was up by less than 0.1%. Geopolitical uncertainty relating to tensions in the Korean peninsula keeps [..]

Stock Market News (US Open) – Miners dominate FTSE outperformers; US markets open higher

Posted on August 31, 2017 at 1:58 pm GMT

The main indices in Europe were well on course to finish in positive territory for the second straight day. Italy’s FTSE MIB was up the most during late European trading hours, by a bit more than 1.1% to be precise. The Italian benchmark is 13.1% up year-to-date, having the best performance among major European indices. Financials within the index have staged a comeback after efforts to cleanse the balance sheets of banks from the drag of non-performing loans. Beyond the [..]

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

Posted on August 23, 2017 at 1:49 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 2:33 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 (US Open) – US and European bourses in the green; miners boost the FTSE

Posted on August 16, 2017 at 2:10 pm GMT

Major European indices were posting hefty gains in today’s trading facilitated by increased optimism over the continent’s recovery – annualized figures released today showed the eurozone expanding by a better-than-estimated 2.2% during the first quarter of the year, while before that, data showed Eastern European countries including Poland, Romania and the Czech Republic recording stronger than expected growth. The FTSE 100, DAX and CAC 40 were all up, standing 0.8%, 0.9% and 1.1% higher on the day during afternoon European [..]

Stock Market News (European Open) – Miners top gainers as European bourses’ gains unfold, Asian performance mixed

Posted on August 16, 2017 at 8:46 am GMT

All major European bourses rose in early hours of trading, following a gain among Asian indices. The pan-European STOXX 600 index gained 0.60%, while the blue chip STOXX 50 index rose 0.56%. In Asia, Australia’s S&P/ASX 200 was up 0.48% and the HANG SENG by 0.80%. The Nikkei 225 was down 0.12% on the day. In Europe, the Italian FTSE MIB index rose the most, up 1.07%, followed by the French CAC 40 (up 0.83%). The basic resources index rose [..]

Stock Market News (US Open) – European equities in doldrums as geopolitical woes continue, US retailers plummet

Posted on August 11, 2017 at 1:52 pm GMT

Woes among European equities continued during the day as political tensions failed to dissipate. The pan-European STOXX 600 extended its losses by 1.10% with the Italian FTSE MIB index underperforming other indices on the old continent by falling 1.47%. In the US, the main indices opened higher following the dollar weakening ahead of US trading on inflation disappointment. The Dow Jones index rose 0.17%, the S&P 500 was up 0.07% and the NASDAQ Composite rose 0.12%. Sentiment for European stocks [..]

Stock Market News – FTSE 100 gains following pound plunge, US markets open broadly flat as Tesla powers ahead

Posted on August 3, 2017 at 2:09 pm GMT

Both the pan-European STOXX 600 and the blue chip STOXX 50 index rose 0.20% ahead of the US open with the healthcare and consumer non-cyclical sectors leading the gainers. However, a plunge in the energy sector eased the gains elsewhere. In the US, the three major indices opened broadly flat. The FTSE 100 index outperformed other major indices in Europe as it rose 0.90% ahead of the US open, amid the weakness in sterling. The pound hit a nine-month low against the [..]

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