Latest news with #Nikkei225
Boston Globe
2 hours ago
- Business
- Boston Globe
US stocks rise in their return from the Juneteenth holiday
The conflict has sent oil prices yo-yoing because of rising and ebbing fears that it could disrupt the global flow of crude. Iran is a major producer of oil and also sits on the narrow Strait of Hormuz, through which much of the world's crude passes. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up On Wall Street, Kroger jumped 6.8 percent to help lead the market after the grocer reported a better profit for the latest quarter than Wall Street had forecast. It also raised its forecast for an underlying measure of revenue for the full year. Chief Financial Officer David Kennerley said it's seeing positive momentum, but it's still seeing an uncertain overall economic environment. Advertisement CarMax rose 4.6 percent after the auto dealer reported a stronger profit for the latest quarter than analysts expected. The company said it sold nearly 6 percent more used autos during the quarter than it did a year earlier. Advertisement On the losing end of Wall Street was Smith & Wesson Brands, the maker of guns. It tumbled 15.3 percent after reporting profit and revenue for the latest quarter that fell just shy of analysts' expectations. Chief Financial Officer Deana McPherson said 'persistent inflation, high interest rates, and uncertainty caused by tariff concerns' have been hurting sales for firearms, and the company expects demand in its upcoming fiscal year to be similar to this past year's, depending on how inflation and Trump's tariffs play out. A spate of companies has been adjusting or even withdrawing their financial forecasts for the year because of all the uncertainty that tariffs are creating for their customers and for their suppliers. Everyone is waiting to see how big the tariffs will ultimately be. It's not just corporate America. The Federal Reserve has been keeping its main interest rate on hold this year, with its latest such decision coming earlier this week, because it's waiting to see exactly by how much tariffs will grind down on the economy and push up inflation. In the bond market, Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.41 percent from 4.38 percent late Wednesday. The two-year yield, which more closely tracks expectations for what the Fed will do, was holding at 3.94 percent. In stock markets abroad, indexes rose across much of Europe after finishing mixed in Asia. Tokyo's Nikkei 225 index edged 0.2 percent lower after Japan reported that its core inflation rate, excluding volatile food prices, rose to 3.7 percent in May, adding to challenges for Prime Minister Shigeru Ishiba's government and the central bank. ___ AP Writer Teresa Cerojano contributed. Advertisement
Straits Times
5 hours ago
- Business
- Straits Times
Singapore shares in the red amid mixed regional showing; STI down 0.3%
SINGAPORE – Shares here declined on June 20 amid concerns over a possible US strike on Iran and the resulting dangers to oil supplies. US equity markets were closed for the Juneteenth holiday overnight, so investors here had to look elsewhere for leads and they didn't like what they saw. While news that the US has delayed any Iranian intervention for two weeks slightly eased tensions, the looming uncertainties still pushed stocks lower. 'The worsening global geopolitical weather keeps investors in a cautious mode, and will likely prevent them from taking too much risk before the weekend,' said Swissquote Bank senior analyst Ipek Ozkardeskaya. The wary mood helped send the Straits Times Index (STI) down 0.3 per cent or 10.75 points to 3,883.43 but gainers beat losers 253 to 203 on solid trade of 1.3 billion securities worth $2.2 billion. The geopolitical uncertainty did not take much of a toll on regional indexes. While Japan's Nikkei 225 and Australia's ASX 200 both slipped 0.2 per cent, the Kospi in South Korea climbed 1.5 per cent, Hong Kong's Hang Seng added 1.3 per cent and Malaysian stocks edged up 0.1 per cent. The Hang Seng Index is now nearly back to its March 2025 highs following the announcement of the trade war truce, noted Morningstar equity market strategist Kai Wang. He added that 'tariffs may again rear its ugly head' in the second half of the year, noting: 'We could see their consequences and whether earnings are under pressure as there are still headwinds to consumer confidence.' The STI's top gainer was conglomerate Jardine Cycle & Carriage, which advanced 3.3 per cent to close at $24.45, while Frasers Logistics and Commercial Trust led the blue-chip losers, falling 2.4 per cent to 81.5 cents. The three local banks were mixed: UOB edged up 0.5 per cent to $34.89; OCBC fell 0.6 per cent to $15.90; and DBS slipped 0.1 per cent to $43.88. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
6 hours ago
- Business
- Business Times
Singapore shares end Friday in the red amid mixed regional showing; STI down 0.3%
[SINGAPORE] Local stocks ended lower on Friday (Jun 20), amid a mixed regional performance and growing concerns over a possible US military strike on Iran. The benchmark Straits Times Index (STI) fell 0.3 per cent or 10.75 points to 3,883.43. Across the broader market, advancers beat decliners 253 to 203, with 1.3 billion securities worth S$2.2 billion changing hands. While the news that the US is giving itself two weeks to decide whether to intervene in Iran has slightly eased tensions, the looming uncertainties still pushed US and European equities lower. 'The worsening global geopolitical weather keeps investors in a cautious mode, and will likely prevent them from taking too much risk before the weekend,' said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. Amid this geopolitical uncertainty, key regional indices in Asia-Pacific were mixed. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Japan's Nikkei 225 and Australia's ASX 200 both slipped by 0.2 per cent. Meanwhile, South Korea's Kospi Composite Index climbed 1.5 per cent, Hong Kong's Hang Seng Index rose 1.3 per cent and the Bursa Malaysia Kuala Lumpur Composite Index edged up by 0.1 per cent. The Hang Seng Index is now nearly back to its March 2025 highs following the announcement of the trade war truce, noted Kai Wang, Asia equity market strategist at Morningstar. He highlighted that markets were volatile from January to April due to tariff concerns and suggested that the second half of the year will highly be dependent on tariffs again, but 'tariffs may finally rear its ugly head'. 'We could see their consequences and whether earnings are under pressure as there are still headwinds to consumer confidence,' he added. The top gainer on the STI was Hong Kong-based conglomerate Jardine Cycle & Carriage (C&C), which gained 3.3 per cent or S$0.77 to close at S$24.45. The biggest decliner among the constituents was Frasers Logistics and Commercial Trust (FLCT) , which shed 2.4 per cent or S$0.02 to S$0.815. The three local banks ended mixed. UOB edged up 0.5 per cent or S$0.18 to S$34.89, OCBC fell 0.6 per cent or S$0.09 to S$15.90, while DBS slipped 0.1 per cent or S$0.05 to S$43.88.
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Nikkei Asia
6 hours ago
- Business
- Nikkei Asia
Nikkei to delete NTT Data from Nikkei 225 constituents
TOKYO -- Nikkei announced on Friday that it will remove NTT Data Group as a component of the Nikkei 225 because, as a result of the tender offer by its parent company NTT, the likelihood of the information technology service provider being delisted has become extremely high. NTT Data, whose parent intends to make it a wholly owned subsidiary, will be replaced by electronics group Rohm on July 4. NTT Data will also be deleted from the Nikkei Stock Index 300, the Nikkei 500 Stock Average and the Nikkei 225 Climate Change 1.5°C Target Index. Instead, Haseko will be added to the Nikkei Stock Index 300 on the same day, while NOF will be added to the Nikkei 500 Stock Average. The replacement in the Nikkei Climate 1.5°C Target Index will not be made until the next review in October.
Time of India
6 hours ago
- Business
- Time of India
Asian stocks mixed as oil rises on Iran-Israel tensions, markets wary of Trump's next move amid inflation, tariff concerns
Pic credit - AP Asian equity markets closed on a mixed note Friday while crude oil prices climbed amid mounting geopolitical tension in the Middle East and uncertainty over whether the US will join Israel in its escalating war with Iran. US benchmark crude rose 15 cents to $73.65 a barrel and Brent, the global benchmark, was up 19 cents at $76.89. Investors are on edge over the threat of supply disruptions through the Strait of Hormuz, a key oil chokepoint near Iran, and the impact of war on global markets. The latest escalation followed comments from the White House, which said President Donald Trump could decide within two weeks whether to initiate military action against Iran, though diplomacy remains on the table. 'Risk sentiments were cautious as Iran-Israel tensions continued roiling,' said Mizuho Bank Ltd. in a morning note. Asian bourses were split: Hong Kong's Hang Seng jumped 1.2% to 23,504.59, while Shanghai's Composite recovered to close 0.1% higher at 3,364.83 after early weakness. China's central bank held its benchmark 1-year and 5-year loan prime rates steady, as widely expected. Japan's Nikkei 225 edged up 0.1% to 38,538.14 after data showed core inflation rose more than expected to 3.7% in May. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like What She Did Mid-Air Left Passengers Speechless medalmerit Learn More Undo ING's Min Joo Kang said the Bank of Japan is likely to weigh the risk of a global trade shock from Trump's tariff plans before tightening policy. 'Even so, the Bank of Japan is likely to prioritise the negative impact of US tariffs… it's more concerned about the risk that US trade policies could break the virtuous circle of wage growth and inflation,' said Kang in a note. Meanwhile, Australia's S&P/ASX 200 fell 0.3% to 8,500.40, while South Korea's Kospi gained 1.2% to 3,014.05. The Bank of England on Thursday also left its key interest rate unchanged at 4.25%, citing risks from the Israel-Iran standoff as a key reason for caution. Currency markets saw minor moves. The dollar slipped to 145.28 yen from 145.46, while the euro rose to $1.1530 from $1.1498. US stock futures were slightly lower, with Wall Street remaining closed Thursday for the Juneteenth holiday. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
