Japan’s Nikkei 225 up more than 2%

SINGAPORE — Japan stocks surged on return to trade, while shares in the Asia-Pacific were mixed on Friday following strong gains in the previous session as investors digested the US inflation report. The Nikkei 225 jumped 2.62% to 28,546.98, while the Topix index rose 2.04% to 1,973.18. Japanese markets were closed Thursday for a holiday. … Read more

Looking to build on Wednesday’s rally

LONDON — European markets are mostly expected to nudge higher on Thursday as investors adjust their monetary policy expectations after a cooler-than-expected US inflation print. Britain’s FTSE 100 is expected to slip around 2 points lower to 7,505, but Germany’s DAX is seen around 66 points higher at 13,765 and France’s CAC 40 is set … Read more

U.S. inflation CPI report, Wall Street, currencies

SINGAPORE — Asia-Pacific markets climbed on Thursday after a better-than-expected inflation report in the US felt stocks spiraling higher. Australia’s S&P/ASX 200 rose 0.65%. The Kospi in South Korea was 1.17% higher and the Kosdaq jumped 1.6%. MSCI’s broadest index of Asia-Pacific shares outside of Japan increased by 0.42%. Japan’s market is closed for holiday … Read more

Stocks fall, China consumer inflation rises

SINGAPORE — Asia-Pacific shares fell on Wednesday as investors digest inflation data from China and look ahead to the US CPI report. Mainland China markets slipped, with the Shanghai Composite fractionally lower and the Shenzhen Component down 0.32%. China’s producer price index for July rose 4.2% from a year ago, lower than the 4.8% increase … Read more

‘Echoes of the Cold War’ as Blinken heads to Africa, vying with Russia for influence

PRETORIA, South Africa, August 8, 2022: South Africa’s Foreign Minister Naledi Pandor (R) and Secretary of State Antony Blinken (L) attend a strategic dialogue opening session meeting at the South African Department of International Relations and Cooperation. ANDREW HARNIK/POOL/AFP via Getty Images US Secretary of State Antony Blinken arrived in South Africa on Monday to … Read more

Stocks trade lower; SoftBank drops

SINGAPORE — Shares in the Asia-Pacific were lower Tuesday on a quiet data day as markets continue to digest last week’s stellar US jobs report. SoftBank Group’s stock fell more than 4% after its Vision Fund reported a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter on Monday after the market close. … Read more

Traders assess earnings, economic data

LONDON — European markets advanced on Monday as investors continued to monitor corporate earnings and key economic data points, assessing the risk of recession. The pan-European Stoxx 600 index climbed 0.9% in early trade, with tech stocks adding 1.3% to lead gains as all sectors and major bourses entered positive territory. The European blue chip … Read more

nonfarm payrolls, unemployment, Fed, recession

The 10-year Treasury yield rose on Friday on the back of a stronger-than-expected jobs report for July. At about 4:10 pm ET, the yield on the 10-year Treasury bond was up to 2.83%, and the yield on the 30-year Treasury bond was up 10 basis points and trading at 3.068%. Meanwhile, the 2-year was up … Read more

Europe markets open to close; key U.S. jobs report, earnings in focus

LONDON — European markets closed lower on Friday afternoon after a key US jobs report showed unexpected strength in the labor market. The pan-European Stoxx 600 closed down by 0.8% provisionally, shortly after release from the Bureau of Labor Statistics. Tech stocks fell 2.4% as most sectors and major bourses dipped into negative territory. Nonfarm … Read more

European markets open to close; Bank of England interest rate decision

LONDON — European stocks are expected to open higher on Thursday, building on gains made in the previous session. The UK’s FTSE index is seen 7 points higher at 7,411, Germany’s DAX is expected to open 52 points higher at 13,634, France’s CAC 40 up 8 points higher at 6,481 and Italy’s FTSE MIB 38 … Read more