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GLOBAL MARKETS-Asian stocks slip, dollar boosted by US rate outlook
Traders reduce bets of U.S. rate cuts in 2025Data stoke worries of rebound in inflation Focus shifts to Friday's payrolls data Euro steady but close to two year low Yen loiters around 158/dlr; traders wary of intervention Updates to Asia mid-afternoon, adds European futuresBy Ankur Banerjee SINGA...Reuters
Wed, Jan 8
Why Tesla, Broadcom, and Rivian Fell Today as Treasury Yields Shot Higher
Treasury yields continued to surge on sticky inflation data, dragging the market down today. Tech and artificial intelligence (AI) stocks bore the brunt of the sell-off, as the Nasdaq Composite fell nearly 2%, more than the other major market indexes.The Motley Fool
Wed, Jan 8
MORNING BID EUROPE-Strong dollar, rising yields hog the spotlight
A look at the day ahead in European and global markets from Ankur BanerjeeThe dollar stood tall on Wednesday boosted by elevated Treasury yields after strong U.S. data rekindled worries of a rebound in inflation, leaving European stocks staring at a weak open as traders brace for diverging policy pa...Reuters
Wed, Jan 8
China, HK stocks slide as chip, consumption sectors drag markets
HONG KONG, Jan 8(Reuters) - China and Hong Kong stocks fell on Wednesday, led by declines in the chip and consumption sectors, as geopolitical tensions and economic uncertainties kept sentiment subdued. ** At the midday break, China's blue-chip CSI300 index .CSI300 was down 1.5%, and the Shanghai Co...Reuters
Wed, Jan 8
GRAPHIC-Tarrified: Markets feeling the most pinch from Trump tariff risks
LONDON, Jan 8 (Reuters) - From China to Europe, Canada to Mexico, world markets are already reeling from Donald Trump's promise to jack up tariffs when he becomes U.S. president in less than two weeks. Trump has pledged tariffs of as much as 10% on global imports and 60% on Chinese goods, plus a 25%...Reuters
Wed, Jan 8
BUZZ-Australia-listed shares of AVITA Medical slump on forecast cut
* ASX-listed shares of AVITA Medical AVH.AX RCEL.O fall as much as 20.2% to A$3.470 ** Stock last down about 18.8%, set for deepest one-day decline since Oct 2023 ** Regenerative medicine firm cuts forecast for the fourth time in five quarters** Says it expects Q4 commercial revenue of about $...Reuters
Wed, Jan 8
JLL APAC Applauded by Frost & Sullivan for Enhancing Property Performance and Delivering Customer Value in Real Estate
JLL APAC's deep industry expertise, state-of-the-art capabilities, and customer-driven approach position it to redefine the FM industry and reinforce its leadership. SAN ANTONIO, Jan. 8, 2025 /PRNewswire/ -- Frost & Sullivan recently researched the facility management industry and, based o...PR Newswire
Wed, Jan 8
AVITA Medical's shares sink 19% after another forecast cut
By Nikita Maria JinoJan 8 (Reuters) - AVITA Medical's AVH.AX Australia-listed shares sank nearly 19% on Wednesday, set for their worst day in 15 months, after the regenerative medicine firm cut its forecast for the fourth time in five quarters and pushed out its profitability target.The U.S.-based c...Reuters
Wed, Jan 8
Japan's Nikkei tracks Wall Street lower amid inflation worries
By Kevin Buckland TOKYO, Jan 8 (Reuters) - Japan's Nikkei share average fell on Wednesday, tracking overnight Wall Street declines after a batch of upbeat U.S. economic data raised concerns that sticky inflation could slow the Federal Reserve's pace of monetary easing.The Nikkei index .N225 decliReuters
Wed, Jan 8
GLOBAL MARKETS-Asian stocks slip, dollar bolstered by US rate outlook
Traders reduce bets of U.S. rate cuts in 2025Data stoke worries of rebound in inflation Focus shifts to Friday's payrolls data Yen loiters around 158/dlr; traders wary of intervention By Ankur Banerjee SINGAPORE, Jan 8 (Reuters) - Asian stocks drifted lower on Wednesday, with a robust dollar keep...Reuters
Wed, Jan 8
BUZZ-ASX shares of GQG Partners fall to near 1-yr low on smaller FUM, fund flows
** ASX-listed shares of GQG Partners GQG.AX slide as much as 10.1% to A$1.95, lowest since February 2024** Investment manager founded by Rajiv Jain posts funds under management of $153 bln as of last month, lower than $159.5 bln as of November 2024** Records net flows of $20.3 bln for 2024, below $2...Reuters
Wed, Jan 8
BUZZ-Australia's Next Science plunges on litigation filed by ex-employee
** Next Science NXS.AX slumps as much as 13% to record low of A$0.1; set for weakest trading session since October 2024** Medical tech firm says a former employee filed litigation in the U.S., alleging breaches of fiduciary duties and mismanagement against several employees** Litigation makes severa...Reuters
Wed, Jan 8
Bitcoin Drags Crypto Lower on Strong U.S. Economic Data
The irony of the crypto market is how much it falls when the economy is doing well. On Tuesday, a couple of important economic readings came in better than expected, and Bitcoin (CRYPTO: BTC) and other cryptocurrencies dropped on the news.
The Motley Fool
Wed, Jan 8
The Little-Known Stock Behind Thousands of ETFs
Explore the exciting world of MSCI (NYSE: MSCI) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!*Stock prices used were the prices of Nov. 20, 2024. The video was published ...The Motley Fool
Wed, Jan 8
UPDATE 8-Meta shelves fact-checking in policy reversal ahead of Trump administration
Adds detail on planning for changes and employee reactions, paragraphs 12-15Adopts community notes model for content moderationZuckerberg says company made 'too many mistakes'Meta moving safety teams to Texas from California By Katie Paul, Supantha Mukherjee, Deborah Mary Sophia Jan 7 (Reuters) -...Reuters
Tue, Jan 7
RPT-COLUMN-Trump trade uncertainty exposes stretched markets to volatility shocks: McGeever
Repeats column with no changes to text. The opinions expressed here are those of the author, a columnist for Reuters.By Jamie McGeever ORLANDO, Florida, Jan 7 (Reuters) - U.S. financial markets last year were more sensitive to economic surprises than usual, and as Donald Trump prepares to begin h...Reuters
Tue, Jan 7
Richardson Electronics Ltd reports results for the quarter ended November 30 - Earnings Summary
Richardson Electronics Ltd RELL.OQ reported a quarterly adjusted loss of 5 cents per share for the quarter ended November 30, higher than the same quarter last year, when the company reported EPS of -13 cents. The mean expectation of two analysts for the quarter was for a loss of 2 cents per shar...Reuters
Tue, Jan 7
AAR Corp reports results for the quarter ended November 30 - Earnings Summary
AAR Corp AIR.N reported quarterly adjusted earnings of 90 cents per share for the quarter ended November 30, higher than the same quarter last year, when the company reported EPS of 81 cents. The mean expectation of five analysts for the quarter was for earnings of 84 cents per share. Wall Street...Reuters
Tue, Jan 7
BUZZ-Maplebear set to join S&P MidCap 400; shares rise
** Shares of grocery delivery firm Instacart, formally known as Maplebear CART.O, up nearly 5% at $45.05 in extended trading ** Company will replace medical device maker Enovis ENOV.N in the S&P MidCap 400 index prior to the opening of trading on Jan. 14 — S&P Dow Jones Indices** S&P MidCap 400 offe...Reuters
Tue, Jan 7
