Indices

Indices: Guinness and chips, same battle

Two sectors are suffering this week in our index section, but have nothing to do with each other. Semiconductors continue to pay the price of Washington's embargo on Beijing and the slowdown in major...

Drop in Magnificent Seven could drag down U.S. stocks, top fund manager says

U.S. stocks could drop by between 10% and 13% this year, dragged down by a selloff in seven mega-cap stocks that previously pushed broader markets to record highs, a senior executive at Morgan Stanley...

Analysis-US stock turbulence throws spotlight on Big Tech's valuations

A bruising selloff in U.S. stocks is putting a sharper focus on valuations of the tech names such as Nvidia and Microsoft that have driven markets higher for most of this year. Despite a...

Turbulent stock market week could continue

The usual summer lull on the stock markets has so far failed to materialize. Instead of the typical seasonal sideways movement, there have been sharp price swings. This means that the new week...

Frankfurt shares close: Dax limits losses in late trading

The blatant weakness on the US technology stock exchange Nasdaq on the previous day also depressed sentiment on the German stock market on Thursday. The leading index Dax lost 0.48 percent to...

Wall Street: will rotation remain the order of the day?

Wall Street is set to open with little change on Friday morning, in a market still marked by sector rotation at the expense of major technology stocks.Half an hour before the opening, the Dow Jones...

For stocks, is AI the Emperor's new clothes?: McGeever

The shine may finally be coming off AI. If so, the rotation out of Big Tech into small caps that has emerged recently could quickly accelerate. The question then is whether outperforming...

DAX-FLASH: Little movement expected

After a weaker start to the week, little is likely to happen on the DAX on Tuesday. Broker IG assessed the leading German index at 18,588 points on Monday morning, almost unchanged around two and a...

Suedzucker's Q1 earnings slump on high costs, low sugar prices

HAMBURG -Europe's biggest sugar producer Suedzucker on Thursday posted a 45% fall in first-quarter earnings, hit by higher costs and lower sugar prices. The German company reported...

OPEC sticks to 2024 oil demand view, sees strong travel season

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2024, predicting robust fuel use in the summer months. The Organization of the Petroleum...

Mib in 34,100 area; TIM rears its head again

The Mib moves higher in the third session of the week, taking the point bar to the 34,100 area and following the trend of other major European exchanges. Powell said the Fed will not reduce the...

Labour faces low bar in re-attracting foreign funds: Mike Dolan

The remarkable thing about investor reaction to the UK's new Labour government is how much just a modicum of stability, consistency and competence is being richly applauded. With...

S&P 500's tech dominance sparks calls for portfolio diversification

The gap in returns between the S&P 500 and the index's equal-weighted counterpart is at its widest in 15 years, underscoring the need to diversify beyond AI heavyweights such as Nvidia. ...

Shell wants permission to drill off South Africa's west coast

Shell is seeking government permission authorities to drill up to five offshore wells off the west coast of South Africa, a draft scoping report from environmental consultancy SLR showed on Tuesday. ...

Weekly market update: Towards a Fed rate cut

Despite a short week on Wall Street due to the celebration of Independence Day on Thursday, the major US indices continued their record-breaking run, while the latest macroeconomic data seem to argue...

London stocks climb as Labour Party returns to power

London stocks climbed on Friday after UK's Labour Party surged to a landslide victory in a parliamentary election, bringing a sense of stability to investors who expect it to end years of market...

Asia stocks hit 27-month top, dollar slips on rate cut talk

Asia stocks hit 27-month highs on Thursday as softer U.S. data narrowed the odds on a September rate cut there, boosting bonds and commodities while dragging on the dollar. A holiday in...

UK investors buy record $14.5 billion of stocks this year, Calastone says

British investors added a record 11.4 billion pounds into equity funds over the first six months of 2024, as the prospect of further central bank interest rate cuts fuelled demand for riskier assets,...

Oil prices inch up on large US crude stock draw

Oil prices edged higher in early Asian trade on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude stockpiles, boosting hopes of solid fuel demand during the summer driving...