Japanese Market Notably Lower

RTTNews | 22天前
Japanese Market Notably Lower

(RTTNews) - The Japanese market is trading notably lower on Thursday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 37,100 level, with weakness across most sectors led by index heavyweights and technology stocks.

The benchmark Nikkei 225 Index is down 240.49 points or 0.64 percent to 37,058.49, after hitting a low of 36,873.61 earlier. Japanese shares ended notably lower on Wednesday.

Market heavyweight SoftBank Group is losing almost 1 percent and Uniqlo operator Fast Retailing is also down almost 1 percent. Among automakers, Toyota is losing more than 1 percent and Honda is also declining more than 1 percent.

In the tech space, Advantest and Tokyo Electron are declining almost 3 percent each, while Screen Holdings is declining more than 1 percent.

In the banking sector, Mizuho Financial is edging down 0.4 percent and Mitsubishi UFJ Financial is losing almost 1 percent, while Sumitomo Mitsui Financial is edging up 0.2 percent.

Among the major exporters, Sony and Mitsubishi Electric are edging up 0.2 to 0.5 percent each, while Panasonic and Canon are losing almost 1 percent each.

Among other major losers, Keisei Electric Railway is plunging more than 9 percent and Konica Minolta is declining more than 3 percent, while Mitsubishi Heavy Industries, Yaskawa Electric, Nikon, Kubota and NEXON are losing almost 3 percent each.

Conversely, Furukawa Electric is surging almost 8 percent, Socionext is gaining almost 5 percent and Daiichi Sankyo is up more than 3 percent, while NEC and Yamaha are adding almost 3 percent each.

In the currency market, the U.S. dollar is trading in the higher 143 yen-range on Thursday.

On Wall Street, stocks showed a more substantial move to the downside during trading on Wednesday following a moderate pullback in the previous session. The major averages rebounded from an initial decline but once again slumped into negative territory as the day progressed.

The major averages ended the day off their worst levels but still sharply lower. The Dow plunged 816.80 points or 1.9 percent to 41,860.44, the S&P 500 slumped 95.85 points or 1.6 percent to 5,844.61 and the Nasdaq tumbled 270.07 points or 1.4 percent to 18,872.64.

Meanwhile, the major European markets turned in a mixed performance on the day. While the French CAC 40 Index fell by 0.4 percent, the U.K.'s FTSE 100 Index inched up by 0.1 percent and the German DAX Index climbed by 0.4 percent.

Crude oil prices fell under pressure Wednesday after a report released by the Energy Information Administration showed U.S. crude oil inventories unexpectedly increased last week. West Texas Intermediate crude for July delivery slid $0.46 to 0.7 percent to $61.57 a barrel.

read more
U.S. Consumer Sentiment Improves Much More Than Expected In June

U.S. Consumer Sentiment Improves Much More Than Expected In June

Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.
RTTNews | 3小時23分鐘前
CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 1.2 million Anker Power Banks, as well as hedge trimmers, high chairs, mattresses, pool covers and Skywalker Pro Via Ferrata Sets. China- based Anker Innovations Limited has called back about 1.16 million units of power banks citing fire and burn risks, and TTI Outdoor Power Equipment recalled...
RTTNews | 3小時45分鐘前
FTSE 100 Falls Amidst Israel-Iran Conflict

FTSE 100 Falls Amidst Israel-Iran Conflict

Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
RTTNews | 5小時36分鐘前
Eurozone Trade Surplus Declines To 3-Month Low

Eurozone Trade Surplus Declines To 3-Month Low

Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
RTTNews | 5小時51分鐘前
Geopolitical Tensions Drag Down CAC 40

Geopolitical Tensions Drag Down CAC 40

An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
RTTNews | 6小時33分鐘前
Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down

Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down

Software major Adobe Inc. issued third-quarter outlook and raised its fiscal 2025 earnings and revenue targets after reporting higher second-quarter profit, above market estimates, amid strong growth in the adoption of AI-powered and creative solutions. Meanwhile, the shares were down nearly 2 in the extended trading on Thursday, and are currently losing in the pre-market activity on the NYSE.
RTTNews | 7小時9分鐘前
Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions

Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions

Indian shares fell sharply on Friday, tracking weak cues from global markets after Israel launched strikes against Iran, targeting nuclear facilities and ballistic missile factories as part of efforts "to damage Iran's nuclear infrastructure, its ballistic missile factories and military capabilities."
RTTNews | 7小時23分鐘前
Eurozone Industrial Output Falls For First Time In Four Months

Eurozone Industrial Output Falls For First Time In Four Months

Eurozone industrial production declined for the first time in four months in April as the positive impulse from frontloading of orders from the US faded, official data revealed Friday. Industrial output registered a monthly fall of 2.4 percent in April, offsetting March's 2.4 percent increase, Eurostat said. Production was forecast to drop 1.6 percent.
RTTNews | 7小時54分鐘前