Asian stocks nudged higher on Thursday after see-sawing through a subdued session on concerns over China’s economic outlook, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment’s peace. Fresh news was thin on the ground leaving MSCI’s broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> up a slight […] Read more
Asian shares were on back foot on Tuesday as an unexpected drop in China’s exports heightened worries about the global economy while the British pound braced for a showdown in parliament over the government’s Brexit plan. MSCI’s broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> was almost flat in early trade while Japan’s Nikkei <.N225> […] Read more
European shares traded lower on Thursday afternoon as investors focused on trade war developments and earnings news in the U.S. Symbol Name Price Change %Change Volume FTSE FTSE 100 6912.00 5.37 0.08% 306033973 DAX DAX 10867.07 -26.25 -0.24% 44414899 CAC CAC 4784.90 -28.68 -0.60% 40956201 The pan-European Stoxx 600 was 0.2 percent lower with almost […] Read more
European markets rallied on Friday after a turbulent week that saw stocks plunge around the globe. London’s FTSE 100 index was up by about 1% at the start of trading, with Germany’s DAX and the French CAC gaining about 0.7%. Friday’s improvements come after an unsettling week of gains and losses around the world and […] Read more
Asian shares have had a wild ride in 2018, with major markets set to end the year in negative territory. But J.P. Morgan Asset Management likes them. Greater China markets have so far been among the biggest losers in Asia. The Shenzhen composite has fallen by around 30 percent this year, while the Shanghai composite […] Read more
European shares rose cautiously at the open with gains in the banking and the pharmaceutical sectors lifting the market amid speculation the U.S. Federal Reserve will take a dovish stance towards monetary policy at a meeting later on Wednesday. The pan-European STOXX 600 <.STOXX> index was up 0.3 percent by 0825 GMT after four straight […] Read more
The latest wave of heavy selling in financial markets is a clear sign of things to come, according to a new report from the world’s oldest international financial organization. The Bank of International Settlements (BIS), an umbrella group for the world’s central banks, warned on Sunday that a normalization of monetary policy is likely to […] Read more
The growing ranks of stock market Eeyores now have another reason to stay glum: Next year’s profit picture is darkening fast. Corporate earnings forecasts are eroding as the tailwind from the tax cut fades and as investors worry the U.S.-China trade dispute could upend global commerce more than it already has. Even after the second […] Read more
Walmart is doing its best to keep prices unaffected by the U.S.-China trade war, but if things escalate it could be a different story, CEO Doug McMillon said Thursday. “We worry about next spring, next summer, next fall what customers will have to pay if tariffs do escalate,” McMillon said in an interview with CNBC’s […] Read more
Asian stocks slid on Wednesday, dragged down by Wall Street’s tumble as sharp declines in long-term U.S. Treasury yields and resurgent trade concerns stoked investor worries about global economic growth. Global equities have been shaken as a flattening U.S. Treasury yield curve fans worries about a recession, and on growing doubts that Washington and […] Read more
