Category Archive

Holly Ellyatt@HOLLYELLYATT

LONDON — European stocks are expected to open lower Monday as traders react to initial results from the EU Parliament elections which suggest far-right parties have surged in popularity.

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Lim Hui Jie

KEY POINTS

• Asia-Pacific markets were mixed on Monday after a stronger-than-expected jobs report in the U.S. on Friday revealed hiring and wage growth picked up in May.
• A few Asian markets are closed for a holiday Monday, including Australia, mainland China, Hong Kong and Taiwan.
• This week in Asia, investors will be looking at Japan’s first-quarter gross domestic product numbers on Monday, followed by the Bank of Japan’s rate decision on Friday.

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Katrina Bishop@KATRINABISHOP

KEY POINTS

• European stocks looked set to open relatively flat on Friday, after closing at a record high during the previous session.
• The pan-European Stoxx 600 ended Thursday at 524.75 points — just above its previous record close on May 15, according to LSEG data.
• It comes after the European Central Bank cut interest rates for the first time since 2019 on Thursday, in a widely expected move, despite nagging inflationary concerns.

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Lim Hui Jie

Asia-Pacific stocks were mixed on Friday as investors looked at economic data from China and digested Japan’s pay numbers, with markets also assessing the European Central Bank’s rate cut.

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Holly Ellyatt@HOLLYELLYATT

European stocks are expected to open higher on Thursday, with traders anticipating that the European Central Bank will cut borrowing costs for the euro area for the first time since September 2019.

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Lim Hui Jie

Asia-Pacific stocks rose Thursday as investors expect the European Central Bank to cut rates, with softer U.S. labor market data fueling hopes that the Fed might follow suit, further boosting market sentiment.

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Holly Ellyatt@HOLLYELLYATT

European stocks are expected to open higher Wednesday, with investors in the region looking ahead to the next meeting of the European Central Bank (ECB).

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Shreyashi Sanyal & Lim Hui Jie

Asia-Pacific markets were mixed on Wednesday, with stocks in India stabilizing after a heavy sell-off in the previous session as investors assessed India’s election results.

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Holly Ellyatt@HOLLYELLYATT

European markets are set to open in mixed territory Tuesday as positive momentum over the past few days falters.

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Shreyashi Sanyal

India stocks slumped to lead Asia markets lower Tuesday, as the country started counting votes for its 2024 general election.

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