Tag: stocks

Tokyo stocks flat after North Korea missile launch

TOKYO, Japan (AFP) — Tokyo stocks opened flat on Monday after North Korea’s latest missile launch. The benchmark Nikkei 225 index was up 0.05 percent, or 10.34 points, to 19,697.18 at the start, while the Topix index of all first-section issues edged up 0.04 percent, or 0.70 points, to 1,570.12. © Agence France-Presse

Asian energy firms sink as OPEC output deal disappoints

HONG KONG, China (AFP) — Energy firms took a hit on Friday after crude prices plunged almost five percent the previous day as traders were left disappointed by the Organization of Petroleum Exporting Countries latest output cuts. Keenly awaited talks between the bloc and Russia ended Thursday with news that a deal to reduce output for six months until the end of June would be increased by another nine months in a bid to address an […]

Wall Street forges higher despite oil market’s glum mood

NEW YORK, United States (AFP) — Buoyant trading in New York saw Wall Street set fresh records on Thursday, with United States stocks recording their sixth consecutive positive finish. European markets were mainly in negative territory, however, and oil shares suffered on investor disappointment following an Organization of Petroleum Exporting Countries decision not to deepen cuts in crude output or prolong them past March of next year. Oil futures nose-dived by about $2.50 in New […]

US stocks rise again, oil rallies ahead of OPEC meeting

NEW YORK, United States (AFP) — US stocks continued to rebound from last week’s rout on Monday, rising for the third straight session, while oil prices strengthened ahead of a closely-watched OPEC meeting. European stocks finished modestly lower, while Tokyo and Hong Kong both gained. Continued US economic optimism was reflected in a new survey showing executives in the manufacturing and services sector expect to see increased revenue, hiring and capital spending in 2017, according […]

Tokyo stocks jump 1.35% after Macron wins French presidency

TOKYO, Japan (AFP) — Tokyo’s benchmark stock index rose 1.35 percent at the start Monday after pro-European centrist Emmanuel Macron swept his far-right rival Marine Le Pen in the French presidential election. The Nikkei 225 added 263.31 points to sit at 19,709.01, while the broader Topix index of all first-section shares climbed 1.22 percent, or 18.85 points, to 1,569.15. Markets breathed a sigh of relief as the vote result effectively eliminates any risk of France […]

Tokyo shares open lower after US strike on Afghanistan

TOKYO, Japan (AFP) — Tokyo shares opened lower Friday on rising geopolitical fears after the US military dropped a massive bomb in Afghanistan, adding to tensions over the Middle East and the Korean peninsula. Tokyo’s benchmark Nikkei 225 index fell 0.11 percent, or 19.66 points, to 18,407.18 in first minutes of trading, while the Topix index of all first-section issues lost 0.49 percent, or 7.18 points, at 1,461.13. © Agence France-Presse

Tokyo stocks open lower as yen jumps

TOKYO, Japan (AFP) — Tokyo stocks opened lower on Wednesday after the yen rose to five-month highs against the dollar on concern over tensions in the Middle East and on the Korean Peninsula. Investors were subdued as they watched developments following last week’s US strike on Syria and intensifying sabre-rattling by the United States and North Korea. Nervous investors often plough into the yen at times of instability as it is seen as a safe […]

Most Asian markets rise but geopolitical worries sap gains

HONG KONG, China (AFP) — Most Asian markets rose Tuesday but investors remain on edge over geopolitical tensions with US-Russian relations strained by last week’s Syria strike and sabre-rattling on the Korean peninsula. While stocks pared the initial plunge that met news of the US missile attack on a Syrian airbase, the brewing crisis is keeping dealers on edge heading into the company earnings season. President Donald Trump’s administration has rankled Moscow by saying it […]

Tokyo stocks open higher as yen falls

TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday with a weaker yen lifting car makers and other exporters as risk fears over last week’s US attack on Syria waned. Geopolitical tensions spiked after US President Donald Trump ordered a cruise missile strike on a Syrian air base in retaliation for a deadly chemical weapons attack in the country blamed on the regime of President Bashar al-Assad. “The US strikes were seen for what they […]

Global stock markets edge higher ahead of Trump-Xi meeting

NEW YORK, United States (AFP) — Global stock markets moved tentatively higher on Tuesday, with a narrower United States trade deficit boosting Wall Street modestly ahead of a key US-China summit later this week, dealers said. European markets sloughed off earlier weakness caused by the Saint Petersburg metro attack Monday, which left 14 dead, dozens wounded and had initially sent investors rushing for haven investments like gold and the yen. US stocks also finished higher […]

Tokyo shares down; Toshiba jumps on chip sale approval

TOKYO, Japan (AFP) — Tokyo shares slipped Thursday, though Toshiba jumped after shareholders agreed to the sale of its memory chip unit to cover huge losses stemming from the company’s troubled nuclear business. Investors had few strong leads with Britain’s formal move to exit the EU on Wednesday already priced into the market, analysts said. Investors are also taking a cautious approach to US President Donald Trump’s economic policies after a humiliating setback on his […]

Tokyo stocks down at break; eyes on G20 meeting

TOKYO, Japan (AFP) — Tokyo stocks eased Friday morning with focus turning to a weekend G20 finance ministers’ meeting, but Toshiba rebounded on reports the government may help fund the embattled firm’s turnaround. Automakers dragged the main indexes down with investors retreating to the sidelines ahead of a long holiday weekend in Japan. Markets are also awaiting news from the G20 gathering in Germany that brings together finance ministers from the world’s most powerful economies, […]