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Shares were higher Monday in Europe and in Asia, where most markets were closed for the Lunar New Year holiday. Germany's DAX edged 0.1 per cent higher, to 15,058.49 while the CAC 40 in Paris also gained 0.1 per cent to 7,002.30. Britain's FTSE 100 added 0.2 per cent to 7,786.30. The future for the S&P 500 lost less than 0.1 per cent while the future for the Dow industrials was unchanged. In Asia, Tokyo's Nikkei 225 index added 1.3 per cent to 26,906.04 as investors shrugged off Finance Minister Shunichi Suzuki's comments that Japan is facing an unprecedentedly severe" financial situation after spending heavily to counter the pandemic and other troubles. Finances are the cornerstone of a country's trust," Suzuki told lawmakers in parliament. We must secure fiscal space under normal circumstances to safeguard trust in Japan and people's livelihoods in times of crisis." Japan's national debt, already more than twice its gross domestic product, has grown further as the government has
Global stock markets and Wall Street futures were higher Tuesday ahead of updates on US jobs amid fears of a possible global recession. Frankfurt, Shanghai and Hong Kong advanced. Seoul declined. Oil prices rose. Coming off a year of big declines for major stock markets, traders worry the Federal Reserve and other central banks might be willing to push the world into recession to cool inflation that is at multi-decade highs. Investors also are uneasy about the impact of Russia's war on Ukraine and China's COVID-19 outbreaks. Almost everyone is going into 2023 with a healthy dose of trepidation, Craig Erlam of Oanda said in a report. The DAX in Frankfurt opened up 0.2 per cent at 14,093.38 while the CAC-40 in Paris was unchanged at 6,594.63. On Wall Street, the futures for the benchmark S&P 500 index and the Dow Jones Industrial Average were up 0.5 per cent ahead of 2023's first day of US trading. The S&P 500 ended 2022 down 19.4 per cent, its biggest decline since the 2008 ...
Shares fell sharply in Asia on Tuesday after Russian President Vladimir Putin ordered troops into separatist regions of eastern Ukraine, suggesting a long-feared invasion was possibly underway. Tokyo's Nikkei 225 index dropped 2.2per cent and the Hang Seng in Hong Kong fell 3.2per cent in early trading Tuesday. Oil prices jumped, with U.S. crude up 2.8per cent. The future for the S&P 500 dropped 1.7per cent while the contract for the Dow industrials lost 1.5per cent. U.S. markets were closed on Monday for Presidents Day. In Europe, shares slipped Monday as investors awaited developments in the Ukraine crisis. Germany's DAX gave up 2.1per cent. In Paris, the CAC 40 in Paris declined 2per cent. Britain's FTSE 100 fell 0.3per cent. Russia's MOEX index dropped nearly 11per cent. The ruble was down 3.2per cent against the U.S. dollar. Western powers fear Russia might use skirmishes in Ukraine's eastern regions as a pretext for an attack on the democracy, which has defied Moscow's ...
World shares were mostly higher on Friday after a broad rally led by tech and financial companies snapped a three-day losing streak on Wall Street. Germany's DAX gained 0.3% to 15,241.57 while the CAC 40 in Paris rose 0.4% to 6,315.27. Britain's FTSE 100 picked up 0.6% to 7,005.56. The future for the S&P 500 gained 0.5% while that for the Dow industrials added 0.3%. Markets rallied late in the week as prices of key commodities such as copper, zinc and aluminum slipped, alleviating concerns over inflation that had triggered sell-offs. Shares in big semiconductor manufacturers were among the biggest gainers. Japan's Nikkei 225 added 2.3% to 28,084.47 and the Kospi in Seoul picked up 1% to 3,153.32, lifted by gains for Samsung Electronics and SK Hynix, which gained 2.3% and 1.3% after announcing plans to expand their investments in chip production and development. In Hong Kong, the Hang Seng advanced 1.1% to 28,027.57. The Shanghai Composite index gained 1.8% to 3,490.38, while ...