Stocks

28 June 2024
Stocks edge up, bond yields dip; inflation data ahead

Key points: US stocks finish slightly higher Yen inches up vs US dollar US presidential debate set for late Thursday Global stock indexes edged higher on Thursday, while U.S. Treasury yields dipped slightly after a series of U.S. economic reports …

28 June 2024
Q4 revenue of Nike falls following decrease in North American footwear sales 

Key points:  The net profit of Nike for the quarter ended May 31 exceeded expectations by 15.11%.  Revenue fell 1.7% to $12.61 billion, missing the expected $12.86 billion.  Footwear sales in North America dropped 6% to $3.59 billion, contributing to …

27 June 2024
Japan’s Nikkei dips on yen intervention fears

Key points: Nikkei closed down 0.82% at 39,341.54, with technology shares dragging. Yen touched 160.88 per dollar overnight, raising intervention concerns. Japan’s Nikkei share average fell on Thursday, reversing much of its gains from the previous session. This drop comes …

26 June 2024
Nvidia boosts stock gains; Dollar edges higher against yen

Key points S&P 500, Nasdaq end higher, Dow down U.S. dollar index edges up, dollar up vs yen Nvidia shares bounce after recent losses Global stock indexes mostly climbed on Tuesday, with shares of AI chipmaker Nvidia bouncing after a …

25 June 2024
Japan’s Nikkei climbs to mid-April high on value stock surge and weaker yen

Key points: Nikkei finished up 0.95% at 39,173.15, highest since April 15 Weaker yen boosts export-related shares, with Toyota Motor closing up 4.6% Japan’s Nikkei share average closed on Tuesday at its highest level in more than two months, marking …

19 June 2024
Japan’s Nikkei gains on Nvidia surge; Profit-taking limits further upside

Key points: Japan’s Nikkei closes 0.23% higher, influenced by Nvidia’s strong performance. Profit-taking in the afternoon curbed further gains despite positive sentiment. Japan’s Nikkei share average ended higher on Wednesday, following an overnight rally in Wall Street’s semiconductor stocks. Nvidia’s …

18 June 2024
Japan’s Nikkei climbs as investors snap up shares following sharp decline

Key points: The Nikkei rose 1% to 38,482.11. The broader Topix ended 0.58% higher at 2,715.76. Tokyo Electron rose 2.7%, while TDK jumped 6.32%. Japan’s Nikkei share average saw a recovery on Tuesday, rising 1% to 38,482.11 as investors took …

18 June 2024
The rise of Nvidia: Potential risks of a bubble 

Key points:  Stock price of Nvidia appreciated over 140% in 2024, crossing a $3 trillion market cap.  The price movement is displaying the pattern of a “bubble-ish territory”   This article is a follow-up to: Nvidia soars to record highs  Nvidia …

13 June 2024
The US stock market surges following inflation slowdown 

Key points:  The US Federal Reserve maintains its benchmark interest rate at 5.50%.  Fed officials project fewer rate cuts, with only one expected this year.  Major stock indexes rose sharply following a lower inflation rate in May.  The US stock …

13 June 2024
Japan’s Nikkei falls after initial gains ahead of BOJ policy decision

Key points: Nikkei fell 0.12% by midday, after earlier gains BOJ expected to keep interest rates steady and consider balance sheet reduction Japan’s Nikkei index reversed its early gains on Thursday, ending the morning session down 0.12% to 38,831.36. This …

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