CAC 40 up 0.39pc
France stock were higher after the close on Tuesday, as gains in the Basic Materials, Oil & Gas and Financials sectors led shares higher. At the close in Paris, the CAC 40 gained 0.39 percent to hit a new 1-month high, while the SBF 120 index climbed 0.45 percent. Rising stocks outnumbered declining ones on the Paris Stock Exchange by 309 to 238 and 91 ended unchanged. The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was unchanged 0.00 percent to 18.96 a new 52-week high. Gold Futures for December delivery was up 2.26 percent or 38.05 to $1,718.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 1.32 percent or 1.21 to hit $90.58 a barrel, while the January Brent oil contract fell 0.99 percent or 0.97 to trade at $96.95 a barrel. EUR/USD was up 0.70 percent to 1.01, while EUR/GBP unchanged 0.17 percent to 0.87. The US Dollar Index Futures was down 0.61 percent at 109.32.
Sensex gyrates 537 points, ends 152 pts down
Equities turned lower in the fag-end of the session with the S&P BSE Sensex falling 152 points, or 0.25 percent, to 61,033. The Nifty50, meanwhile, shut shop at 18,157, down 46 points or 0.25 percent. Both the indices had hit an intra-day high of 61,447, and 18,296, respectively. In the broader markets, the BSE MidCap, and the BSE SmallCap indices slipped 0.5 percent, and 0.3 percent, respectively. Sectorally, all indices, except bankin stocks were in the red. The Nifty PSU Bank index surged nearly 4 percent, while the Nifty Bank added 0.25 percent. The Nifty Realty index was the worst hit, down 1.4 percent.
Nikkei 225 down 0.56pc
Japan equities were lower at the close on Wednesday, as losses in the Power, Financial Services and Warehousing sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 fell 0.56 percent. Declining stocks outnumbered rising ones by 1769 to 1732 and 282 ended unchanged on the Tokyo Stock Exchange. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 2.56 percent to 20.54 a new 1-month low. In commodities trading, Crude oil for December delivery was down 0.35 percent or 0.31 to $88.60 a barrel. Meanwhile, Brent oil for delivery in January fell 0.18 percent or 0.17 to hit $95.19 a barrel, while the December Gold Futures contract fell 0.13 percent or 2.30 to trade at $1,713.70 a troy ounce. USD/JPY was up 0.15 percent to 145.88, while EUR/JPY rose 0.05 percent to 146.79. The US Dollar Index Futures was up 0.08 percent at 109.64.
FTSE 100 falls
UK’s blue-chip FTSE 100 index fell on Wednesday as Marks & Spencer’s dire cost outlook rattled retailers, while results from a crucial US midterm election start to roll in.
The index was 0.3 percent lower by 0948 GMT, while the domestically-oriented FTSE 250 also lost 0.7 percent. Marks & Spencer shed 6.2 percent as it warned of a “gathering storm” of higher costs and pressure on household budgets, while reiterating that full-year profits would fall. The subindex has slumped nearly 38 percent this year, far more than the FTSE 100’s 1.3 percent decline, as businesses struggle to beat falling demand and rising costs. Next fell 1 percent on announcing it will buy Made.com after the online furniture retailer ran out of cash.
S&P 500 will fall another 16pc
U.S. stocks won’t bottom out until the middle of next year as the Federal Reserve pivots back to lowering interest rates, according to Arend Kapteyn, an economist at UBS Group AG UBS, -0.67 percent. Kapteyn expects the S&P 500 SPX, -2.08 percent will fall as far as 3,200, which would represent a decline of nearly 16 percent based on the large-cap index’s value around 11:30 a.m. Eastern Time on Wednesday. The decline is expected to be driven by weak corporate earnings growth and more Fed interest rate hikes, which will continue at least through the first quarter of next, the UBS economist said. “We expect it will not regain its January 2022 high of 4,796 before end 2025,” Kapteyn said.
Nasdaq composite treading water ahead of us congressional elections
The Major U.S. stock indexes are trading mixed at the mid-session on Monday with many of the major players taking to the sidelines ahead of Tuesday’s U.S. congressional elections and Thursday’s major consumer inflation report. At 17:00 GMT, the blue chip Dow Jones Industrial Average is trading 32562.61, up 159.39 or +0.49 percent. The benchmark S&P 500 Index is at 3771.75, up 1.20 or +0.03 percent and the tech-weighted NASDAQ Composite is trading 10441.84, down 33.41 or -0.32 percent.
U.S. shares lower at close of trade; Dow Jones industrial average down 1.95pc
U.S. equities were lower at the close on Wednesday, as losses in the Oil & Gas, Consumer Services and Consumer Goods sectors propelled shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 1.95 percent, while the S&P 500 index declined 2.08 percent, and the NASDAQ Composite index fell 2.48 percent. The biggest gainers of the session on the Dow Jones Industrial Average were Merck & Company Inc, which rose 0.09 percent or 0.09 points to trade at 101.59 at the close. McDonald’s Corporation fell 0.22 percent or 0.61 points to end at 277.79 and Procter & Gamble Company was down 0.24 percent or 0.33 points to 136.48 in late trade. Biggest losers included Walt Disney Company, which lost 13.16 percent or 13.15 points to trade at 86.75 in late trade. Chevron Corp declined 4.00 percent or 7.41 points to end at 177.93 and Dow Inc shed 3.97 percent or 1.97 points to 47.68. The top performers on the S&P 500 were Akamai Technologies Inc which rose 6.19 percent to 89.08, Gen Digital Inc which was up 6.01 percent to settle at 22.92 and Bio-Rad Laboratories Inc which gained 5.67 percent to close at 403.49. EUR/USD was down 0.63 percent to 1.00, while USD/JPY rose 0.52 percent to 146.41. The US Dollar Index Futures was up 0.75 percent at 110.37.