Japanese Market Sharply Higher

RTTNews | 1144 일 전

(RTTNews) - The Japanese stock market is sharply higher on Monday, extending the gains in the previous two sessions, with the Nikkei 225 moving above the 26,800 level, following the broadly positive cues from Wall Street on Friday, boosted by exporters, energy and technology stocks. Traders also continue to pick up stocks at a bargain after the recent sell-off. The benchmark Nikkei 225 Index is up 335.69 points or 1.27 percent at 26,827.66, after touching a high of 26,840.66 earlier. Japanese shares ended sharply higher on Friday.

Market heavyweight SoftBank Group is gaining 1.5 percent and Uniqlo operator Fast Retailing is edging up 0.4 percent. Among automakers, Honda is edging down 0.4 percent and Toyota is flat.

In the tech space, Advantest is gaining almost 3 percent, Tokyo Electron is adding more than 2 percent and Screen Holdings is up almost 2 percent. In the banking sector, Sumitomo Mitsui Financial is edging down 0.4 percent, while Mizuho Financial and Mitsubishi UFJ Financial are edging up 0.2 percent each.

The major exporters are higher, with Sony is gaining more than 2 percent, while Mitsubishi Electric, Canon and Panasonic are adding almost 1 percent each. Among the other major gainers, Kawasaki Kisen Kaisha is gaining more than 6 percent and Tokyo Electric Power is adding almost 6 percent, while Shin-Etsu Chemical, CyberAgent and Otsuka Holdings are up more than 4 percent. Fanuc is rising almost 4 percent, while Mitsubishi Heavy Industries, Nippon Yusen K.K., IHI, Mitsui Chemicals, Fuji Electric, Chubu Electric Power, Toyota Tsusho and Showa Denko K.K. are advancing more than 3 percent each.

Conversely, KDDI is losing almost 3 percent.

In the currency market, the U.S. dollar is trading in the higher 134 yen-range on Monday.

On Wall Street, stocks moved sharply higher during trading on Friday, extending the strong upward move seen going into the close of trading on Thursday. The major averages all showed substantial upward moves over the course of the session.

The major averages saw further upside in late-day trading, ending the session at their best levels of the day. The Dow jumped 823.32 points or 2.7 percent to 31,500.68, the Nasdaq surged 375.43 points or 3.3 percent to 11,607.62 and the S&P 500 shot up 116.01 points or 3.1 percent to 3,911.74.

The major European markets also showed significant moves to the upside on the day. While the French CAC 40 Index spiked by 3.2 percent, the U.K.'s FTSE 100 Index surged by 2.7 percent and the German DAX Index jumped by 1.6 percent.

Crude oil prices rose sharply on Friday on optimism for continued high demand for energy and tight supply. West Texas Intermediate Crude oil futures for August ended higher by $3.35 or 3.2 percent at $107.62 a barrel. WTI futures shed 1.8 percent in the week.

UK GDP Rises More Than Expected

The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe

RTTNews | 30 분 전

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.

RTTNews | 1 시간 1 분 전

S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.

RTTNews | 1 시간 4 분 전

U.S. Producer Prices Jump Much More Than Expected In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday.

RTTNews | 1 시간 15 분 전

U.S. Weekly Jobless Claims Unexpectedly Edge Modestly Lower

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th.

RTTNews | 1 시간 21 분 전

Pound Rises On Upbeat U.K. GDP Data

The British pound strengthened against most major currencies in the European session on Thursday, as the U.K. economy rebounded at a faster-than-expected pace in June.

RTTNews | 2 시간 34 분 전

Deere Stock Drops On Revised FY25 Outlook, Even As Q3 Beats Street

Deere & Co. shares were losing around 8 percent in the pre-market activity on the NYSE, after the firm on Thursday trimmed the higher end of its fiscal 2025 profit outlook range after reporting weak results in its third quarter. The farm and construction equipment manufacturer noted that its customers remain cautious amid ongoing uncertainty. Meanwhile, quarterly earnings per share and top line be

RTTNews | 2 시간 50 분 전

FTSE Down Marginally As Stocks Turn In Mixed Performance

After posting gains in the previous three sessions, the U.K. market is exhibiting some weakness on Thursday, weighed down by losses in select mining, financials and energy stocks. Investors digesting the latest batch of earnings news and economic data.

RTTNews | 3 시간 0 분 전

EURUSD	1.16553	GBPUSD	1.35397	AUDUSD	0.64955
USDJPY	147.35	USDCAD	1.38081	USDCHF	0.80746