Stocks limp toward U.S. debt denouement; Japan sparkles

  • 📰 Reuters
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Stocks were subdued on Friday, apart from standout gains in Japan, as an artificial intelligence rally took a breather and as time ticked out on high-stakes talks to avoid a U.S. debt default.

The Nikkei is up 0.7% on the week, too, for a seventh weekly gain in row - its longest weekly winning streak in five years and one which has added some $460 billion to Japanese stocks.

"These forces have brought about a tectonic shift in the price-setting behaviour of Japanese companies, and thus an improvement in their profit margins." The U.S. Treasury estimates it'll run out of funds within a week and legislating any deal will take that down to the wire.

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:

 /  🏆 2. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Japan’s Suzuki: FX rates should be set by market based on fundamentalsJapan Finance Minister Shunichi Suzuki said on Friday, “FX rates should be set by the market based on fundamentals.” Additional takeaways Japan remain
Source: FXStreetNews - 🏆 14. / 72 Read more »

Stock market today: World stocks slide as US debt worries mountGlobal stock markets and Wall Street futures are lower as the U.S. government creeps closer to a potentially disruptive default on its debt.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stocks slide on U.S. debt ceiling and inflation woesStocks lurched downwards on Wednesday as U.S. debt ceiling negotiations dragged on without resolution, stoking a general malaise in markets that saw safe haven assets like the dollar and gold hold near recent highs.
Source: Reuters - 🏆 2. / 97 Read more »

U.S. stocks open lower as investors eye debt-ceiling talks in WashingtonU.S. stocks opened lower on Wednesday as investors remained focused on the debt-ceiling negotiations in Washington. The Dow Jones Industrial Average declined by 111 points, or 0.4%, at 32,939:
Source: MarketWatch - 🏆 3. / 97 Read more »

Bitcoin’s Declining Correlation With Stocks Revives Its Appeal for Investors: K33 ResearchThe correlation of $BTC’s price with the NASDAQ index has fallen to 17-month lows, making an appealing case for the asset as a portfolio diversifier, K33Research reported. sndr_krisztian reports
Source: CoinDesk - 🏆 291. / 63 Read more »