News Formal

Stock market today: Asian benchmarks mostly slide as investors focus on earnings

  • 📰 AP
  • ⏱ Reading Time:
  • 30 sec. here
  • 19 min. at publisher
  • 📊 Quality Score:
  • News: 74%
  • Publisher: 51%

Financial Markets News

Earnings,General News,Australia

Asian shares are mostly lower as investors look ahead to a flood of global earnings reports, including from U.S. companies known as the “Magnificent Seven.” Shares fell Thursday in Tokyo and Seoul, while being little changed in Shanghai. Trading was closed in Australia for a national holiday, Anzac Day. U.S.

People walk in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Thursday, April 25, 2024, in Tokyo. People look at an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Thursday, April 25, 2024, in Tokyo. A person looks at an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Thursday, April 25, 2024, in Tokyo. People walk in front of an electronic stock board showing U.S.

In currency trading, the U.S. dollar rose to 155.67 Japanese yen from 155.31 yen. The euro cost $1.0715, up from $1.0697. Tesla is the first of the group of stocks among the Magnificent Seven to report its results for the start of 2024. The focus is on the small group of stocks because they drove most of the U.S. stock market’s gain last year, and they’ll need to perform to justify their high prices.

“A strong earnings season looks likely to help restore market confidence,” according to Solita Marcelli, chief investment officer Americas at UBS Global Wealth Management.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meta's earnings report comes as 'Magnificent Seven' stock looks to return to all-time highAfter its most recent report, shares of the Facebook parent shot up 20%.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchangedMarkets in Asia apart from Shanghai’s are broadly higher, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchangedMarkets in Asia apart from Shanghai’s are broadly higher, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020. Oil prices fell while U.S. futures advanced. Shares fell in Shanghai after China's central bank left its 1 and 5-year lending rates unchanged.
Source: AP - 🏆 728. / 51 Read more »