GAGA Share Market News

[hfe_template id='11223'] [ad_1] Asian stocks advanced Tuesday, led by Japanese equities, while the yen steadied after weakening against the dollar over the past week. Japanese stocks rose alongside Hong Kong equity futures, while shares in Sydney were little changed. US contracts edged lower ahead of Wall Street reopening later Tuesday, following the Labor Day public holiday. The yen was slightly higher after weakening against the greenback Monday, amplifying its decline over the past week. The Japanese currency will remain weak for “a long time to come,” given the differences in interest rates between the US and Japan, according to Mark Matthews, head of Asia research for Julius Baer. “Our assumption is that the Bank of Japan policy rate will be half a percent by March next year and the fed funds rate will be 4.5% — that’s still 400 basis points of difference, which is very wide,” Matthews said in an interview on Bloomberg Television. “On that basis we do see the yen w...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average rose on Monday to touch the 39,000 level for the first time since late July, helped by a softer yen and Wall Street's gains at the end of last week. The Nikkei had risen 0.2% to 38,709.88 by the midday break. It hit its highest since July 31 at 39,080.64 earlier in the day before profit-taking started as the yen's slide stalled. The broader Topix was flat at 2,712.56. Wall Street stocks gained on Friday after fresh economic data raised expectations that the U.S. Federal Reserve would cut interest rates modestly in September. U.S. markets are closed on Monday for a public holiday. The dollar gained against the yen following the latest U.S. economic data, lifting the shares of Japanese exporters. A softer Japanese currency helps exporters as it increases the value of overseas profits in yen terms when firms repatriate them to Japan. Uniqlo parent and Nikkei heavyweight Fast Retailing was last up 0....

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average declined on Monday after two straight sessions of gains, as exporters' stocks, including chip-related and auto firms, were pressured by a stronger yen. The Nikkei fell 0.66% to close at 38,110.22, although recovering from a decline of 1.4% earlier in the session. "In addition to the yen's strength, there are some factors that make investors hesitant to make positive bets. In a very short term, that's Nvidia's outlook this week," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. Nvidia's blistering run has powered equity markets throughout 2024, and its earnings and forecast later this week could be a key inflection point for market sentiment heading into what is historically a volatile time of the year. The yen rose to a three-week high against the dollar, as U.S. Federal Reserve Chair Jerome Powell's dovish shift contrasted sharply with Ban...

[hfe_template id='11223'] [ad_1] The unstoppable march of the mega caps, sloth-like central bank pivots, political palpitations aplenty and M&A is back - the first half of 2024 has been another whirlwind in world markets. Forecasts for a global interest-rate-cutting frenzy may not have materialized, but Nvidia and the rest of the Magnificent 7 soared another $3.6 trillion in market value. MSCI's 47-country world stocks index has clocked up a punchy 11% since January. Good yes, but nowhere near the 30% leap of team tech, or the frankly eye-popping 150% gain of chip champ Nvidia. "Thirty percent of the S&P's returns this year have come from Nvidia alone," the chief investment officer of IBOSS Asset Management Chris Metcalfe said, pointing out it was now the most expensive stock on the most expensive market in the world. It is not just equity markets where milestones have been set. Japan's yen has bowed to a 38-year low against the dollar in ...