Japanese Market Modestly Lower

RTTNews | il y a 30
Japanese Market Modestly Lower

(RTTNews) - The Japanese market is trading modestly lower on Thursday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 39,550 level, with weakness in automakers and technology stocks and a mixed performance in most other sectors.

The benchmark Nikkei 225 Index is down 126.99 points or 0.32 percent to 39,536.41, after hitting a low of 39,370.43 earlier. Japanese shares ended modestly lower on Wednesday.

Market heavyweight SoftBank Group is gaining almost 2 percent, while Uniqlo operator Fast Retailing is losing almost 1 percent. Among automakers, Toyota is edging down 0.3 percent and Honda is losing almost 1 percent.

In the tech space, Advantest is declining more than 2 percent, Tokyo Electron is losing almost 3 percent and Screen Holdings is down more than 1 percent.

In the banking sector, Mizuho Financial is gaining more than 1 percent, while Sumitomo Mitsui Financial and Mitsubishi UFJ Financial are edging up 0.4 and 0.5 percent each.

Among the major exporters, Sony is gaining almost 2 percent and Panasonic is edging up 0.1 percent, while Canon is losing almost 1 percent and Mitsubishi Electric is declining more than 1 percent.

Among other major losers, Lasertec is losing more than 4 percent and Toray Industries is declining almost 3 percent.

Conversely, Mercari is surging almost 5 percent and CyberAgent is gaining more than 3 percent, while M3 and NEC are adding almost 3 percent each.

In economic news, Japan posted a seasonally adjusted merchandise trade surplus of 153.1 billion yen in June, the Ministry of Finance said on Thursday. That was shy of estimates for a surplus of a surplus of 353.9 billion yen following the downwardly revised 638.6 billion yen deficit in May (originally a 637.6 billion yen shortfall).

Exports were down 0.5 percent on year, missing forecasts for a gain of 0.5 percent after sinking 1.7 percent in the previous month. Imports rose an annual 0.2 percent versus expectations for a drop of 1.6 percent after losing 7.7 percent a month earlier.

In the currency market, the U.S. dollar is trading in the lower 148 yen-range on Thursday.

On Wall Street, stocks showed a lack of direction throughout much of the trading day on Wednesday following the mixed performance seen in the previous session. The major averages moved to the upside in the latter part of the session, however, with the tech-heavy Nasdaq reaching a new record closing high.

The major averages all finished the day in positive territory. The Dow advanced 231.49 points or 0.5 percent to 44,254.78, the Nasdaq rose 52.69 points or 0.3 percent to 20,730.49 and the S&P 500 climbed 19.94 points or 0.3 percent to 6,263.70.

Meanwhile, the major European markets also moved to the downside over the course of the session. While the French CAC 40 Index slid by 0.6 percent, the German DAX Index slipped by 0.2 percent and the U.K.'s FTSE 100 Index edged down by 0.1 percent.

Crude oil prices dropped for the third straight day on Wednesday after the Energy Information Administration said gasoline inventories increased by 3.4 million barrels last week and are slightly above the five-year average for this time of year. West Texas Intermediate crude for August delivery fell $0.14 to settle at $65.38 per barrel.

read more
Euro Higher Against Majors

Euro Higher Against Majors

The euro appreciated against its major counterparts in the New York session on Friday.
RTTNews | il y a 5h 44min
TSX Down Marginally In Lackluster Trade

TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a mixed performance in somewhat lackluster trade on Friday, with investors focusing on the upcoming US - Russia summit that could help end the war in Ukraine.
RTTNews | il y a 8h 34min
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

The Switzerland market ended on a firm note on Friday with stocks from across several sectors gaining ground on sustained buying support. The mood remained positive right through the day's session, amid some expectations about an end to the Ukraine war.
RTTNews | il y a 9h 2min
European Stocks Close Mixed After Cautious Session

European Stocks Close Mixed After Cautious Session

European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.
RTTNews | il y a 9h 21min
U.S. Business Inventories Rise In Line With Estimates In June

U.S. Business Inventories Rise In Line With Estimates In June

A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.
RTTNews | il y a 10h 58min
U.S. Consumer Sentiment Unexpectedly Deteriorates In August

U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.
RTTNews | il y a 11h 16min
U.S. Industrial Production Pulls Back Slightly In July

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.
RTTNews | il y a 11h 45min
New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.
RTTNews | il y a 12h 10min