|Day's range||22,188.55 - 22,250.37|
|52-week range||18,948.58 - 24,448.07|
Shares climbed in Japan and Korea, and retreated in China, with trading volumes lighter than usual. The yen ticked higher and Japanese 10-year bond yields rose after the Bank of Japan cut purchases of some longer-dated bonds in a regular operation.
Stock markets were subdued Thursday as investors digested corporate earnings reports and mixed economic data, with some traders in Europe preparing for a long weekend. London's FTSE 100 fell 0.1% to 7,460 and Frankfurt's DAX rose 0.5% to 12,208. A survey of manufacturing activity in Europe showed the sector stabilized in April after months of declines.
Most participants are still underinvested in the markets globally, Fink said in an interview with CNBC Tuesday after his company reported earnings. The head of the world’s largest investment firm, with $6 trillion of assets under management, said “huge pools of money” is sitting on the sidelines as investors haven’t rushed back into equities even as the stock market bounced back this year. Fink’s comments come after an already potent rally across multiple benchmark stock indexes this year, with the S&P 500 on the cusp of a record high and the MSCI All-Country World Index about 5 percent away from its January 2018 peak.
Japan’s manufacturing sector contracted for a third consecutive month in April as export demand remained weak on ongoing US-China trade tensions, according to a private survey. The Nikkei-Markit flash ...
TOKYO (AP) — Stock markets were mostly higher Wednesday after news that China's economy grew at a better than expected 6.4% annual pace in the last quarter failed to entice wary investors focused on weaker U.S. corporate earnings.
The 10-year Treasury yield reached its highest level since the March Federal Reserve meeting. Apple Inc. was flat and Qualcomm Inc. surged after the two dropped litigation against each other. Netflix Inc. ended the regular session higher, but slid in late trading after a key metric missed estimates.
Futures on the S&P 500 and Dow indexes fluctuated as Goldman Sachs Group Inc. missed estimates for sales and trading revenue, sending its shares lower in pre-market trading, while Citigroup Inc. revenue matched expectations. The Stoxx Europe 600 Index traded in a tight range, as losses in mining shares offset increases in media and insurance. With Chinese trade and lending data showing signs of improvement for the world’s second-biggest economy, investors are turning to the U.S. earnings season to confirm the resilience of corporate America in the face of numerous challenges to growth.
In Japan, stocks may have been supported by the start of trade talks with the United States. BOJ’s Kuroda also told CNBC that there is room for reducing long-term and short-term interest rates.
Consumer sentiment figures out of Germany and Eurozone and industrial production figures out of the U.S will be in focus later today.
Hopes of a U.S – China trade agreement deliver support early. Will there be a renewed sense of optimism in Germany and the Eurozone?
TOKYO (AP) — Shares were mixed Tuesday in Asia in mostly narrow trading in the absence of any major market-driving news.
World stocks mostly edged up on Monday after the U.S. and China said they were closing in on a trade deal, without giving a timeline, and amid optimism over corporate earnings. Britain's FTSE 100 was flat at 7,433 while the CAC 40 in France gained 0.1% to 5,509. U.S. Treasury Secretary Steven Mnuchin said Saturday that the U.S. and China were moving closer to an agreement on trade.
The respective influences of economic data and earnings will be under debate as earnings season kicks in. Stats are weakening, yet earnings are not…
It’s risk-on in the early hours, support the EUR while pinning back demand for the Greenback. Earnings results will be key later.
Tesla and Panasonic are freezing plans to expand the capacity of their Gigafactory 1, the world’s largest electric vehicle battery plant, as concerns mount on Wall Street about sales at Elon Musk’s car company dipping below estimates. The partners had planned to raise capacity 50 per cent by next year, but with sales of electric vehicles performing below plans, the two companies concluded that a major investment at this stage poses too much of a risk, Nikkei has learnt. Tesla’s goals of becoming a mass producer of electric vehicles, on the order of 1m cars a year, will be pushed back for now.
“Pana cell lines at Giga are only at ~24GWh/yr & have been a constraint on Model 3 output since July,” Musk wrote in a tweet Saturday. Tesla shares tumbled Thursday after the Nikkei reported that the company and Panasonic were freezing plans to expand capacity at the plant near Reno. Panasonic didn’t immediately respond to a request for comment outside normal business hours.
U.S. stocks rose amid solid bank earnings and a major deal in the energy sector, while Treasuries fell as Chinese data bolstered optimism in the global economy. JPMorgan Chase & Co. surged on a strong first-quarter report, while Walt Disney Co. jumped to a record after it announced a new streaming service, sinking Netflix Inc.’s shares.
Global stock prices rose Friday after China reported unexpectedly strong exports and an increase in sales to the U.S. despite its tariff war with Washington. Market benchmarks in London, Frankfurt, Tokyo and Hong Kong all advanced and Wall Street was on track to open higher. China reported exports rose 14.2% over a year earlier, rebounding from March's 20.8% contraction in a sign of stronger global demand.
China trade figures ease some of the market jitters over the economy. The focus will now shift to earnings to support risk appetite throughout the day.
Lower earnings expectations don’t necessarily mean stock market weakness. First, earnings for the first quarter may actually come out positive. Companies have been issuing guidance, but there is always the chance that they were a little too conservative. Secondly, weaker earnings do not necessarily correlate with a decline in the stock market.
Banking shares rose before Wells Fargo and JPMorgan report first-quarter earnings that will lead off the season Friday. The 10-year Treasury yield pushed toward 2.50 percent after data showed a strong U.S. labor market and tepid price gains. Oil in New York retreated from a five-month high as an increase in U.S. inventories to the highest since late 2017 overshadowed OPEC’s efforts to reduce production.
Tesla and Panasonic are halting plans to expand the capacity of a huge factory that produces batteries for electric vehicles, according to a new report.