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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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Stock Market News (US Open) – European equities pushed higher by financials; Wall Street rises in anticipation of tax plan

Posted on September 27, 2017 at 2:10 pm GMT

Renewed hopes of fiscal stimulus in the US in the form of tax cuts boosted sentiment in Europe today, allowing banking stocks to rally. European equities were broadly in the green as the pan-European Stoxx 600 hit a fresh 10-week high of 385.82. The index was 0.5% up on the day during late European trading hours, trading near the day’s high. The FTSE 100, DAX and CAC 40 were up by 0.5%, 0.6% and 0.3% respectively. Adding to morning gains, [..]

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Stock Market News (European Open) – European stocks broadly in the green; Japanese indices decline on ex-dividend adjustments

Posted on September 27, 2017 at 9:46 am GMT

In Asia, the Nikkei 225 and Japan’s broader equity gauge, the Topix, finished the day lower by 0.3% and 0.5% respectively. Hong Kong’s Hang Seng added 0.5% and the Shanghai Composite gained 0.1%. Australia’s S&P/ASX 200 lost 0.1%. The yen has been weakening relative to the US currency with the dollar benefitting from comments made yesterday by Fed Chair Janet Yellen. Among other comments, the Fed chief said that it “would be imprudent to keep monetary policy on hold until [..]

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Stock Market News (US Open) – Modest gains in Europe; tech stocks attempting recovery in US

Posted on September 26, 2017 at 1:59 pm GMT

Beyond company fundamentals, ongoing tensions between North Korea and the US, as well hints on the future direction of monetary policy by the world’s major economies, were on equity traders’ radar during today’s trading. Major indices in Europe were fluctuating between gains and losses throughout the session’s trading. Stoxx 600, the pan-European index, last traded 0.1% higher. Its performance ranged from -0.1% to 0.2%, touching a fresh two-month peak at its highest.  In terms of country indices, the FTSE 100 [..]

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Stock Market News (European Open) – Monetary policy, geopolitics on equity traders’ focus; Stoxx 600 up in morning trading

Posted on September 26, 2017 at 9:52 am GMT

North Korea yesterday accused the US of declaring war on the country, giving it the right for countermeasures, including shooting down US war jets even if they’re flying outside its air space. This is not the first time that such a statement (i.e. the US declaring war on North Korea) has been made by Pyongyang, though given what preceded this time round it may carry more weight than in the past. Rhetoric between the US and North Korea getting heated [..]

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Stock Market News (US Open) – Stoxx 600 remains in the green; Wall Street benchmarks yet again hurt by Apple

Posted on September 25, 2017 at 2:11 pm GMT

As trading progressed, the pan-European Stoxx 600 gave up on part of the gains made during morning European trading, though it remained in the green and not far below the two-month high it recorded earlier in the day. It was last up by a bit less than 0.2%. Spain’s IBEX 35 remained the worst performing major benchmark in the continent, being last down by 0.6%. Caixabank, which was down by 3.0% and topped the list of decliners within the Stoxx [..]

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Stock Market News (European Open) – Stoxx 600 records fresh 2-month high; Japanese equities on positive backdrop

Posted on September 25, 2017 at 9:50 am GMT

Japanese indices including the Nikkei 225 and the broader Topix started the week on a positive tone, both rising by 0.5% relative to Friday’s close – Friday being a day when they contracted by 0.25%. The two benchmarks have been supported by the weakening yen (having specifically in mind the rising dollar/yen pair) over the last couple of weeks, as export-reliant Japanese companies are seen as benefiting from a falling Japanese currency. Equities in Japan are also on a positive [..]

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Stock Market News (US Open) – European equities rebound to trade higher; Wall Street opens lower

Posted on September 22, 2017 at 2:04 pm GMT

European stocks reversed losses from earlier in the day as almost every major benchmark in the continent traded in the green a little before European markets close for the weekend. The pan-European Stoxx 600, which was 0.2% down at its lowest, last traded up on the margin. At its highest, it reached a two-month peak. On a weekly basis, it is up by a decent 0.6%. The FTSE 100 and CAC 40 were up by 0.2% and 0.3% respectively. The [..]

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Stock Market News (European Open) – Korean tensions back on the frontline; stocks retreat, though not as sharply

Posted on September 22, 2017 at 9:51 am GMT

North Korea saying it could consider conducting another nuclear test, specifically a hydrogen-bomb test in the Pacific, diverted attention from monetary policy decisions and their implications from earlier in the week, dampening risk sentiment. Equity markets have been declining for the most part, though not as sharply as past occasions when threats had been exchanged between the US and North Korea. Investors might be interpreting the latest comments as mere rhetoric rather than a serious threat, using them as an [..]

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Stock Market News (US Open) – Europe boosted by financials and lower euro; US slightly down post-FOMC

Posted on September 21, 2017 at 1:46 pm GMT

Major Eurozone indices posted gains during today’s session as a drop in the euro versus the dollar helped exporters while optimism that the Fed would raise interest rates in December boosted financials. The French CAC 40 was up 0.6% while the German DAX was up by 0.3%. Italy’s MIB was also doing well by rising 0.6% while Spain’s IBEX remained challenged on worries about the prospect of further unrest in the region of Catalonia. Only the UK’s FTSE was lagging [..]

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