Advertisement
European Shares Mixed In Lackluster Trade
(RTTNews) - European stocks were mixed on Monday due to concerns about an artificial intelligence bubble and global growth.
Amid a lack of catalysts, investors looked ahead to the release of U.S. economic data and earnings from AI-darling Nvidia for direction.
The pan-European Stoxx 600 edged up by 0.1 percent to 575.43 after losing 1 percent on Friday.
The German DAX gained 0.2 percent and France's CAC 40 inched up marginally while the U.K.'s FTSE 100 was little changed amid concerns over the Budget following the government's abrupt reversal on income tax plans.
In corporate news, SIG Group shares surged 8.6 percent. The Swiss packaging solutions provider has appointed Mikko Keto as its new Chief Executive Officer.
Sandoz gained 1 percent. The global leader in affordable medicines announced that TYRUKO or natalizumab-sztn is available to patients in the United States.
British defense and security company QinetiQ added 1 percent after launching the second tranche of its share buyback program.
read more
Japan Shares May Turn Lower Again On Tuesday
The Japanese stock market ticked higher again on Monday, one session after snapping the three-day winning streak in which it had rallied more than 1,700 points or 3.4 percent. The Nikkei 225 now sits just above the 50,580-point plateau although it may hand back those gains on Tuesday.
The global forecast for the Asian markets is flat to lower ahead of the FOMC meeting later this week. The European markets were mixed and little changed and the U.S. bourses were soft and the Asian markets figure to split the difference.
The Nikkei finished modestly higher on Monday as gains from the automobile producers and technology stocks were capped by weakness from the financial sector.
For the day, the index added 90.07 points or 0.18 percent to finish at 50,581.94 after trading between 50,224.65 and 50,678.05.
Among the actives, Nissan Motor accelerated 3.08 percent, while Mazda Motor perked 0.18 percent, Toyota Motor advanced 0.92 percent, Honda Motor added 0.56 percent, Softbank Group stumbled 3.27 percent, Mitsubishi UFJ Financial slumped 1.23 percent, Mizuho Financial collected 0.05 percent, Sumitomo Mitsui Financial sank 0.83 percent, Mitsubishi Electric soared 3.42 percent, Sony Group dropped 0.74 percent, Panasonic Holdings gained 0.41 percent and Hitachi improved 0.57 percent.
The lead from Wall Street is weak as the major averages opened mixed but quickly headed south and spent the balance of the session well under water.
RTTNews
|
1h 15min ago
KOSPI May Extend Monday's Losses
The South Korea stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had jumped more than 115 points or 2.9 percent. The KOSPI now sits just above the 4,150-point plateau and it's tipped to open under water again on Tuesday.
The global forecast for the Asian markets is flat to lower ahead of the FOMC meeting later this week. The European markets were mixed and little changed and the U.S. bourses were soft and the Asian markets figure to split the difference.
The KOSPI finished sharply higher on Monday following gains from the technology stocks, automobile producers and chemicals, while the financial sector was soft.
For the day, the index jumped 54.80 points or 1.34 percent to finish at the daily high of 4,154.85 after moving as low as 4,081.26. Volume was 392 million shares worth 15.1 trillion won. There were 550 decliners and 314 gainers.
Among the actives, Shinhan Financial tanked 2.74 percent, while KB Financial stumbled 2.14 percent, Hana Financial slumped 1.26 percent, Samsung Electronics climbed 1.01 percent, Samsung SDI rallied 2.11 percent, LG Electronics cratered 2.61 percent, SK Hynix surged 6.07 percent, Naver dipped 0.20 percent, LG Chem vaulted 1.31 percent, SK Innovation spiked 2.53 percent, POSCO Holdings expanded 2.57 percent, SK Telecom dropped 0.92 percent, KEPCO sank 0.96 percent, Hyundai Motor perked 0.16 percent, Kia Motors accelerated 1.62 percent and Lotte Chemical and Hyundai Mobis were unchanged.
RTTNews
|
1h 30min ago
Australia Rate Decision On Tap For Tuesday
The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is widely expected to leave its benchmark lending rate unchanged at 3.60 percent.
RTTNews
|
2h 0min ago
Swiss Market Ends On Firm Note
The Switzerland market got off to a slightly weak start on Monday but recovered soon and stayed firm right through the day's session to settle on positive note thanks to strong buying at several counters.
RTTNews
|
5h 19min ago
Major European Markets Close Slightly Weak
The major European markets closed on a slightly weak note on Monday as investors mostly stayed cautious, looking ahead to the interest rate decision from the Federal Reserve this week.
The Bank of Japan, the Reserve Bank of Australia and the Bank of Canada are also scheduled to make their monetary policy announcements this week.
RTTNews
|
5h 47min ago
TSX Drifts Lower In Cautious Trade As Investors Await Rate Decisions
The Canadian market traded weak Monday morning with stocks swinging between gains and losses in cautious trade as investors awaited the monetary policy announcements from the Bank of Canada and the Federal Reserve on Wednesday.
RTTNews
|
7h 13min ago
Dollar Drops Ahead Of FOMC
The U.S Dollar dropped against major currencies during the week ended December 5 amidst strong expectations of a Fed rate cut on December 10.
RTTNews
|
9h 57min ago
Bay Street Likely To Open On Subdued Note
Canadian stocks may open somewhat subdued Monday morning as investors are likley to make cautious moves ahead of monetary policy decisions by the Bank of Canada and the Federal Reserve this week.
RTTNews
|
11h 55min ago
