Nikkei May Extend Wednesday's Gains

RTTNews | 76 hari yang lalu
Nikkei May Extend Wednesday's Gains

(RTTNews) - The Japanese stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had rallied more than 370 points or 1 percent. The Nikkei 225 now rests just shy of the 36,820-point plateau and it's tipped to open in the green again on Thursday.

The global forecast for the Asian markets is positive on bargain hunting and an improved outlook for interest rates. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to follow the former lead.

The Nikkei finished slightly higher on Wednesday following gains from the technology stocks and financial shares, while the automobile producers were mixed.

For the day, the index added 25.98 points or 0.07 percent to finish at 36,819.09 after trading between 36,658.86 and 36,956.33.

Among the actives, Nissan Motor added 0.61 percent, while Mazda Motor sank 0.81 percent, Toyota Motor rose 0.25 percent, Honda Motor eased 0.14 percent, Softbank Group dropped 0.82 percent, Mitsubishi UFJ Financial jumped 1.95 percent, Mizuho Financial spiked 2.40 percent, Sumitomo Mitsui Financial rallied 2.38 percent, Mitsubishi Electric surged 6.30 percent, Sony Group accelerated 3.60 percent, Panasonic Holdings soared 3.70 percent and Hitachi strengthened 1.68 percent.

The lead from Wall Street is cautiously optimistic as the major averages opened higher on Wednesday before dipping and then rebounding to finally end mixed.

The Dow sank 82.55 points or 0.20 percent to finish at 41,350.93, while the NASDAQ rallied 212.35 points or 1.22 percent to close at 17,648.45 and the S&P 500 gained 27.23 points or 0.49 percent to end at 5,599.30.

The early strength on Wall Street followed the release of the closely watched Labor Department report showing consumer prices in the U.S. increased slightly less than expected in February.

The tamer-than-expected inflation data led to some optimism about the Federal Reserve resuming interest rate cuts in the near future.

Buying interest was somewhat subdued, however, as concerns about the impact of new trade policies continue to weigh on the markets.

Oil prices moved higher on Wednesday after data showed a smaller than expected increase in U.S. crude oil inventories last week. West Texas Intermediate Crude oil futures for April closed higher by $1.43 or 2.16 percent at $67.68 a barrel.

read more
Canadian Market Slightly Lower; BoM, National Bank Rise On Results

Canadian Market Slightly Lower; BoM, National Bank Rise On Results

The Canadian market is slightly down on Wednesday with stocks moving in a tight range as investors digest earnings updates from Bank of Montreal and National Bank of Canada, and await further developments on trade negotiations between the U.S. and its major trading partners.
RTTNews | 31 minit yang lalu
Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

Home improvement retailer Kingfisher Plc reported Wednesday higher sales in its first quarter, benefited by improved results in UK & Ireland. Meanwhile, sales in France and Poland declined, and the company maintained its fiscal 2025 outlook. On the London Stock Exchange, Kingfisher shares were losing around 3.5 percent.
RTTNews | 3j 59min yang lalu
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning with investors tracking global cues and reacting to earnings from major Canadian banks. Investors are also awaiting earnings update from U.S.
RTTNews | 4j 12min yang lalu
FTSE 100 Down Marginally

FTSE 100 Down Marginally

UK stocks are marginally down in lackluster trade on Wednesday as investors look for directional clues after recent gains following U.S. President Donald Trump deciding to pause the recently announced 50% tariffs on imports from EU, paving the way for further trade negotiations.
RTTNews | 5j 1min yang lalu
German Unemployment Rises More Than Expected

German Unemployment Rises More Than Expected

Joblessness in Germany increased more than expected in May as a weak economy continued to impede job creation, official data revealed on Wednesday. The number of unemployed increased sharply by 34,000 in May compared to April's rise of 6,000, the Federal Employment Agency said. Economists expected a monthly increase of 12,000.
RTTNews | 5j 5min yang lalu
CAC 40 Down Marginally In Lackluster Trade

CAC 40 Down Marginally In Lackluster Trade

French stocks are moving in a tight range in cautious trade on Wednesday as investors digest a slew of domestic economic reports, and continue to assess the impact of Trump administration's trade policy on global economic growth.
RTTNews | 6j 14min yang lalu
DAX Modestly Lower In Cautious Trade

DAX Modestly Lower In Cautious Trade

German stocks are modestly lower on Wednesday with investors mostly making cautious moves, looking for directional clues after recent gains on the back of U.S. President Donald Trump's decision to pause tariffs on EU goods till July 9th.
RTTNews | 6j 42min yang lalu