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Stock market today: Live updates

There are 3 minutes

European stocks open higher

European stocks opened higher on Wednesday as investors across the region eagerly await the next meeting of the European Central Bank (ECB).

The pan-European Stoxx 600 index was up 0.5% at the start of the session, with all sectors and major exchanges in the green.

Britain’s FTSE index rose 0.3% to 8,258, Germany’s DAX rose 0.5% to 18,494, France’s CAC 40 rose 0.4% to 7,971 and Italy’s FTSE MIB rose 0.4%. at 34,425.

3 hours ago

Indian stocks stabilize after massive falls following election results

—Shreyashi Sanyal, Lim Hui Jie

4 hours ago

Australia’s first quarter GDP falls slightly below expectations

Australia’s economy grew 1.1% year-on-year in the first quarter, a slowdown from a revised 1.6% in the fourth quarter.

Growth of 1.1% was also slightly below a Reuters poll’s expectations of 1.2%. On a quarterly basis, Australia’s GDP grew 0.1%, less than the 0.2% expected in the Reuters survey.

Katherine Keenan, head of national accounts at the Australian Bureau of Statistics, noted that “GDP growth was weak in March, with the economy experiencing its weakest annual growth since December 2020.”

-Lim Hui Jie

4 hours ago

China’s service business sees fastest growth in 10 months: private survey

Services activity in China grew at its fastest pace in 10 months in May, according to a private survey.

The Caixin S&P Global Services Purchasing Managers’ Index rose from 52.5 to 54 in April, the fastest growth since July 2023.

A PMI above 50 separates expansion from contraction.

The survey also showed that new incoming work increased at the fastest rate since May 2023.

-Shreyashi Sanyal

6 hours ago

Real wages in Japan fall for the 25th consecutive month

Real wages in Japan fell for the 25th consecutive month in April, which could stifle the Bank of Japan’s plans to raise interest rates and achieve its “virtuous circle” of rising wages and prices .

Government data showed real wages fell 0.7%, a more moderate decline compared to the 2.1% loss recorded in March. The nominal salary stood at 296,884 yen ($1,913.28), up 2.1 percent year-on-year.

This growth accelerated from the 1% nominal wage growth recorded in March, showing its strongest pace of growth in 10 months.

-Lim Hui Jie

8 hours ago

Investors turn to private sector payroll report

Traders are awaiting private employer data from ADP due Wednesday morning to get a glimpse of the state of the labor market.

Economists surveyed by Dow Jones expect these employers to increase their workforce by 175,000 positions in May. That would mark a slowdown from the addition of 192,000 jobs in April.

-Alex Harring

9 hours ago

See stocks move after hours

Here are some of the stocks making notable moves after hours:

  • CrowdStrike — The cybersecurity company jumped about 7% after delivering better-than-expected quarterly results and guidance.
  • Hewlett Packard Enterprise — The computer company added about 11% on stronger-than-expected financial reporting for the fiscal second quarter.

See the full list here.

-Alex Harring

9 hours ago

Stock futures little changed

Stock futures were almost flat shortly after 6 p.m. ET.

Dow Jones futures rose nearly 0.1%, while S&P 500 and Nasdaq 100 futures both rose slightly above their flat lines.

-Alex Harring

News Source : www.cnbc.com
Gn bussni

Sara Adm

Aimant les mots, Sara Smith a commencé à écrire dès son plus jeune âge. En tant qu'éditeur en chef de son journal scolaire, il met en valeur ses compétences en racontant des récits impactants. Smith a ensuite étudié le journalisme à l'université Columbia, où il est diplômé en tête de sa classe. Après avoir étudié au New York Times, Sara décroche un poste de journaliste de nouvelles. Depuis dix ans, il a couvert des événements majeurs tels que les élections présidentielles et les catastrophes naturelles. Il a été acclamé pour sa capacité à créer des récits captivants qui capturent l'expérience humaine.
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