The Dow regained some lost ground, although the S&P 500 and Nasdaq stumbled, dragged down by declines in mega-cap technology stocks, while the broader market benefited from positive quarterly results from banks, particularly Morgan Stanley. Morgan Stanley rose 6.7 percent, joining rivals such as JPMorgan Chase, which reported strong profits following a sharp rise in … Read more
Nikkei tumbles as markets ponder risk of higher interest rates; China wants to lower mortgage interest rates as part of its economic stimulus programs; Fed Chairman Powell speaks before salary test.
After months of misery, shareholders of publicly traded lithium mining companies reported billions of dollars in profits on Wednesday. In morning trade, share prices of WA spodumene concentrate producers rose sharply – Mineral Resources up 17.2 percent, Pilbara Minerals up 12.7 percent, IGO up 12.3 percent and Liontown Resources up 11.5 percent – after suffering … Read more
Asian stocks headed for a weekly gain on Friday and Japan's Nikkei index was set for its best week in more than four years as bullish risk sentiment spilled over from Wall Street while the dollar and U.S. Treasury yields remained broadly stable. Last week's market turmoil gave way to calmer conditions this week after … Read more
MSCI's broadest index of Asia-Pacific stocks outside Japan rose 0.5 percent; the Hang Seng in Hong Kong lost 0.4 percent.
A strong earnings report from JB Hi-Fi boosted the consumer discretionary sector at lunchtime, with the ASX200 up 0.6 percent overall.
MSCI's broadest index of Asia-Pacific stocks outside Japan rose 1.4 percent, more than offsetting Thursday's decline.
Taiwan's benchmark index for technology-heavy stocks fell 2.0 percent and the Hang Seng lost 1.0 percent; MSCI's broadest index of Asia-Pacific stocks recorded a decline of 0.8 percent.
Wall Street's major indices rose, helped by a dovish stance from Japan's top policymaker following a surprise interest rate hike last week that sparked sharp volatility in global markets. Global stock markets rose after Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said the central bank would not raise interest rates if financial markets were … Read more
The ASX200 was up 0.4 percent at lunchtime, on track for its second day of modest gains following Monday's 3.7 percent sell-off.