The Hong Kong stock market has finished higher in two sessions, gathering more than 260 points or 1.5 percent along the way. The Hang Seng Index now sits just beneath the 17,875-point plateau although its expected to spin its wheels on Wednesday. The global forecast for the Asian markets suggests little movement ahead of key...
The Indonesia stock market on Tuesday ended the two-day winning streak in which it had gained almost 120 points or 1.6 percent. The Jakarta Composite Index now rests just beneath the 7,600-point plateau although its looking at a fairly steady start on Wednesday. The global forecast for the Asian markets suggests little movement ahead of...
Meta Platforms Inc. announced its decision to shut down augmented reality or AR studio Meta Spark platform, effective January 14, 2025. According to the social media giant, the decision to shut down Meta Sparks platform of third party tools and content is part of its larger efforts to prioritize investments in other areas and products....
Asian stocks ended mixed on Wednesday as investors eagerly awaited earnings from market darling Nvidia, which could affect shares of artificial intelligence and other prominent technology stocks. Investors also awaited the release of the Federal Reserves preferred inflation gauge later this week for signals on U.S. interest-rate reductions. The dollar tried to regain some ground,...
German stocks traded higher on Wednesday as investors eagerly awaited earnings from market darling Nvidia, which could affect shares of artificial intelligence and other prominent technology stocks. Investors also awaited the release of the Federal Reserves preferred inflation gauge later this week for signals on U.S. interest-rate reductions. The benchmark DAX was up 89 points,...
French stocks advanced on Wednesday after a measure of French consumer confidence for August matched expectations at 92. The benchmark CAC 40 was up 30 points, or 0.40 percent, at 7,596 after declining 0.3 percent on Tuesday. All eyes now remain on AI darling Nvidia, which will release its fiscal second quarter results after the...
U.K. stocks were subdued on Wednesday as commodity-related shares declined on concerns about weakening U.S. and Chinese growth. The benchmark FTSE 100 was marginally lower at 8,338 after rising 0.2 percent on Tuesday. Miners Anglo American, Antofagasta and Glencore fell 1-3 percent as metals prices declined on demand concerns. Hochschild Mining plunged nearly 5 percent...
European stocks advanced on Wednesday ahead of highly anticipated results from Nvidia later today and key U.S. inflation data on Friday. The highly anticipated earnings report from the AI darling will provide a key test for the AI demand story. The pan European STOXX 600 was up 0.3 percent at 520.62, hitting a one-month high....
French consumer confidence improved in August to the highest point since the start of the war in Ukraine, survey results published by the statistical office INSEE showed on Wednesday. The consumer confidence index rose to 92 in August, in line with forecast, from 91 in July. This was the highest since February 2022. Nonetheless, the...
The South Korea stock market on Wednesday ended the three-day slide in which it had given up almost 20 points or 0.7 percent. The KOSPI now rests just beneath the 2,690-point plateau although its likely to see renewed selling pressure on Thursday. The global forecast for the Asian markets is mixed and flat ahead of...