Stock Market News – Tech selloff: an opportunity to buy the dip?

Posted on December 5, 2017 at 4:22 pm GMT

Following the Senate’s approval of the tax bill over the weekend, the Dow Jones Industrial Average posted a record-high close during Monday’s trading. Despite finishing at an all-time high though, positive sentiment from earlier in the day was not maintained and the blue-chip index gave up on most of its earlier gains. The S&P 500 slid by 0.1%, with technology stocks being a notable underperformer dragging the index lower from a 0.9% gain at its session high, and the tech-heavy [..]


Stock Market Update – US tech selloff spreads to other markets; bullish sentiment in Europe; US tax bill & energy eyed ahead of OPEC

Posted on November 30, 2017 at 11:35 am GMT

A selloff in tech stocks yesterday in the US reverberated into Asia today with the sector underperforming and weighing on major benchmarks. The Nikkei 225 and the Topix, which more broadly gauges Japanese equity performance, finished the day higher by 0.6% and 0.3% respectively. Hong Kong’s Hang Seng lost 1.5% with all industry sectors in the red and technology being the worst performer. The Shanghai Composite slid by 0.6%. Australia’s S&P/ASX 200 declined by 0.7% with tech again being the [..]


Stock Market News (European Open) – Europe on the rise, gains though limited; Chinese equities partially recover

Posted on November 24, 2017 at 9:47 am GMT

Major Asian benchmarks edged higher for the most part today, though their gains were contained. In Japan, the Nikkei 225 and the Topix finished the day up by 0.1% and 0.2% respectively, both rebounding from a 0.6% decline earlier in the day. The two benchmarks are up on the week – their tenth weekly gain in eleven – after the fall in the week that preceded. Following yesterday’s selloff on the back of government efforts to reduce financial risks such [..]


Stock Market News (European Open) – Weaker euro, sterling boost exporter-heavy European indices; DAX, CAC hit record highs; Chevron, Exxon eyed

Posted on October 27, 2017 at 10:00 am GMT

Out of Asia, the Nikkei 225 added 1.2% to close above the 22,000 mark for the first time since 1996. The Topix, Japan’s broader gauge of equity performance, gained 1.0% to finish at its highest since July 2007. The two exporter-heavy benchmarks were supported as dollar/yen was on the rise. The pair today touched 114.31, its highest since July 11. Hong Kong’s Hang Seng advanced 0.8% and the Shanghai Composite climbed by 0.3%. Australia’s S&P/ASX 200 lost 0.2%. The picture [..]


Stock Market News (European Open) – Spanish equities decline on Catalonia uncertainty; Alphabet, Amazon in focus

Posted on October 26, 2017 at 9:58 am GMT

After yesterday’s decline that ended their long streak of gains, the Japanese Nikkei 225 and the Topix indices advanced by 0.15% and 0.1% respectively during today’s trading. Hong Kong’s Hang Seng lost 0.4% and the Shanghai Composite added 0.3%. Australia’s S&P/ASX 200 rose 0.2%. Today’s decision on monetary policy by the European Central Bank at 1145 GMT as well the press conference by President Mario Draghi at 1230 GMT are without a doubt the highlight of the day. The ECB [..]


Stock Market News (European Open) – Spanish stocks underperform; Nikkei longest streak of gains on Abe landslide

Posted on October 23, 2017 at 10:04 am GMT

In Japanese equities, the Nikkei 225 and the broader Topix once again finished the day in the green, extending their multi-year high closes; the Nikkei added 1.1% and the Topix rose by 0.8%, closing at their highest since 1996 and 2007 respectively. Hong Kong’s Hang Seng declined by 0.6%, while the Shanghai Composite added 0.1%. Australia’s S&P/ASX 200 fell 0.2%.  The Nikkei recorded its longest streak of gains – 15 consecutive days – as it finished in positive territory today. [..]


Stock Market News (US Open) – FTSE helped by weakening sterling; major Wall Street benchmarks slightly down

Posted on October 6, 2017 at 2:43 pm GMT

The pan-European Stoxx 600 traded 0.3% lower not long before European traders head home for the weekend. Despite the decline, it remains up on the week and on track for its fourth consecutive weekly gain. Spain’s IBEX 35, which received additional attention this week due to ongoing tensions over Catalonia’s efforts to gain independence, was 0.4% down, having reversed a large part of losses recorded earlier in the day. The blue-chip benchmark suffered a poor week, with weekly losses standing [..]


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 (US Open) – Stock markets in Europe remain in the green, underpinning risk-on mood

Posted on August 30, 2017 at 2:12 pm GMT

As European equity markets were getting near the day’s close, major indices in the continent remained in the green, though to a large extent they consolidated gains made during early European trading hours rather than adding to them. Comments by the US President and his North Korean counterpart following North Korea’s latest missile test were interpreted as less toxic than in the past and helped boost appetite for risk on a global scale during today’s trading, though, as the US [..]


Stock Market News (US Open) – European indices to finish last day of week in positive tone; US opens higher

Posted on August 25, 2017 at 2:01 pm GMT

Major European indices were broadly heading higher as the continent was getting closer to the end of this week’s trading. The Dow Jones Industrial Average, S&P 500 and the Nasdaq 100 also started trading in green territory. The FTSE 100, DAX 30 and CAC 40 were all up by 0.3% during afternoon European trading hours. It is also noteworthy that the FTSE is recording its fourth straight day of advances. In the meantime, the pan-European STOXX 600 was also up [..]

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