Stock market today: Live updates

41 minutes ago

European stocks open higher

European stocks were cautiously higher early Thursday, with the Stoxx 600 index up 0.26% at 9:20 a.m. in London and sectors trading mixed.

Major stock markets climbed, with France’s CAC 40 and Britain’s FTSE 100 up 0.5%, while Germany’s DAX rose 0.1%.

—Karen Gilchrist

6 hours ago

Asian airline stocks rise as oil prices fall more than 3%

Airline inventories in Asia soared as oil prices fell more than 3%, driven by higher-than-expected U.S. inventories.

South Korea’s Asiana Airlines led Asian airlines, rising almost 4%, while its peer Korean Air recorded a 3.23% gain.

Australian flag carrier Qantas rose nearly 3.8%, while Japanese carriers ANA and Japan Airlines climbed 1.53% and 2.8%, respectively.

Other airlines saw more modest gains, such as Cathay Pacific and Singapore Airlines, up 1% and 0.48%, respectively.

7 hours ago

US acknowledges Japan, South Korea’s ‘serious concerns’ over currency

The United States has acknowledged Japan and South Korea’s “serious concerns” over the recent sharp depreciation of the yen and won. The three parties agreed to “consult closely on developments in the foreign exchange market.”

This follows the first trilateral meeting between the three countries’ top financial officials.

U.S. Treasury Secretary Janet Yellen (center) meets with Japanese Finance Minister Shun’ichi Suzuki (left) and Korean Economic Minister Choi Sang-mok at the Treasury Department in Washington, DC, April 17, 2024 .

Jim Watson | AFP | Getty Images

The Japanese yen recently hit a 34-year low against the US dollar and is currently trading at 154.26.

The South Korean won also hit its lowest level against the greenback in about 18 months, currently trading at 1,377.11.

-Lim Hui Jie

9 hours ago

Morgan Stanley, HSBC cut investment banking jobs in Asia this week: Reuters

Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia-Pacific region this week, according to a Reuters report.

Citing sources, Reuters said it comes as the two banks step up cost cuts, with slowing trading and slowing markets in China and Hong Kong weighing on business prospects.

Morgan Stanley is cutting at least 50 investment banking jobs in the region starting this week, according to the report, affecting about 13% of its 400 investment banking employees in Asia.

HSBC reportedly began making layoffs on Tuesday and around 30 traders are expected to leave the company.

-Lim Hui Jie

10 hours ago

Nasdaq Composite on track for longest weekly losing streak since December 2022

It’s only Wednesday, but the Nasdaq Composite is already expecting a 3% decline this week – and its fourth weekly decline.

If the tech index ends the week in the red, it will mark the longest weekly losing streak for the Nasdaq since December 2022.

As it stands, the 3% drop already puts the Nasdaq on track for its worst weekly performance since January.

A sharp decline in tech stocks, with Nvidia posting a nearly 4% decline, dragged the S&P 500 and Nasdaq to their fourth straight losing session on Wednesday. This also pushed both indexes deeper into negative territory for April.

Darla Mercado, Chris Hayes

10 hours ago

Strong earnings season can protect stocks against higher interest rates, Barclays says

According to Barclays, strong first quarter results can serve to defend markets against high interest rates.

“We believe earnings can still protect stocks against higher rates,” analyst Emmanuel Cau wrote on Wednesday. “The sharply lowered Q1 estimates provide room for improvement and the pullback has reduced the froth; as long as improving activity data keeps the FY24 earnings recovery on track, buy the dip can work.”

However, “a reassessment leaves little room for error,” Cau added.

—Brian Evans

11 hours ago

Stock futures were little changed on Wednesday

Stock futures were little changed Wednesday after the S&P 500 suffered its fourth straight losing session.

Futures contracts linked to the broad market index rose 0.02%, while futures on the Nasdaq 100 rose 0.1%. Dow Jones Industrial Average futures slipped 5 points, or 0.01%.

—Brian Evans

News Source :
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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