Japanese Market Significantly Lower

RTTNews | Před 1052 dny
Japanese Market Significantly Lower

(RTTNews) - The Japanese stock market is significantly lower on Monday, snapping the seven-session winning streak, with the Nikkei 225 falling below the 27,700 level, following the broadly negative cues from Wall Street on Friday, amid the steady surge in the fresh wave of COVID-19 infections with the BA.5 omicron variant.

The benchmark Nikkei 225 Index is down 221.36 or 0.79 percent at 27,693.30, after hitting a low of 27,663.16 earlier. Japanese shares ended modestly higher on Friday.

Market heavyweight SoftBank Group is flat and Uniqlo operator Fast Retailing is edging down 0.2 percent. Among automakers, Honda is edging down 0.2 percent and Toyota is losing more than 1 percent.

In the tech space, Advantest and Screen Holdings are edging down 0.4 to 0.5 percent each, while Tokyo Electron is losing almost 1 percent. In the banking sector, Sumitomo Mitsui Financial and Mitsubishi UFJ Financial are edging up 0.3 percent each, while Mizuho Financial is flat.

The major exporters are mostly higher, with Sony losing almost 3 percent and Canon edging down 0.5 percent, while Panasonic and Mitsubishi Electric are down almost 1 percent each. Among the other major gainers, Eisai is losing more than 5 percent, while Yaskawa Electric, Shin-Etsu Chemical and Nippon Sheet Glass are down almost 3 percent each.

Conversely, Meiji Holdings is losing almost 3 percent.

In the currency market, the U.S. dollar is trading in the lower 136 yen-range on Monday.

On Wall Street, stocks moved to the downside over the course of the trading day on Friday after turning in a mixed performance early in the session. The tech-heavy Nasdaq led the way lower and was eventually joined in negative territory by the Dow.

The major averages all closed in the red, although the Nasdaq underperformed its counterparts by a wide margin. While the Nasdaq tumbled by 225.50 points or 1.9 percent to 11,834.11, the S&P 500 slumped 37.32 points or 0.9 percent to 3,961.63 and the Dow fell by 137.61 points or 0.4 percent at 31,899.29.

Meanwhile, the major European markets all moved modestly higher on the day. While the French CAC 40 Index crept up by 0.3 percent, the U.K.'s FTSE 100 Index and the German DAX Index both inched up by 0.1 percent.

Crude oil futures settled sharply lower on Friday as prices fell on concerns about the outlook for energy demand. West Texas Intermediate Crude oil futures for September ended lower by $1.65 or 1.7 percent at $94.70 a barrel.

read more
Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

The Switzerland market ended modestly lower on Wednesday despite spending much of the day's trading session in positive territory. Although the market gained some ground in positive territory, reacting to news about U.S. and Chinese officials reaching a framework to implement the Geneva consensus following two days of discussions in London, the mood turned cautious later on in the session.
RTTNews | Před 3 h 23 min
European Stocks Pare Early Gains, Close Mostly Lower

European Stocks Pare Early Gains, Close Mostly Lower

Despite U.S. and Chinese officials announcing an agreement in principle on a framework to ease trade disputes, European stocks failed to hold early gains and closed mostly lower on Wednesday, with the mood turning cautious as the plan is subject to approval by the presidents of the two nations.
RTTNews | Před 3 h 42 min
ECB Indicator Shows Eurozone Wage Growth To Slow Sharply To 3.1% This Year

ECB Indicator Shows Eurozone Wage Growth To Slow Sharply To 3.1% This Year

A measure, based on the collective bargaining agreements in the euro area, suggested that negotiated wage growth is set to ease significantly this year, the European Central Bank said on Wednesday, which adds to expectations of inflation staying near the 2 percent target.
RTTNews | Před 6 h 39 min
U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
RTTNews | Před 7 h 50 min
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.
RTTNews | Před 8 h 37 min