U.S. stock indices closed lower on September 19, despite a 50 basis point interest rate cut by the Federal Reserve. The S&P 500 fell 0.29% to 5,618.26, the Dow Jones decreased by 0.25% to 41,503.10, and the Nasdaq Composite dropped 0.31% to 17,573.3. In Asia, the Nikkei rose over 2%, while the S&P ASX 200 remained flat and the Kospi declined by 0.5%. The GIFT Nifty was up by 38 points, trading at 25,393.00.
about US Stock Market Declines Despite Federal Reserve Interest Rate CutNikkei
0 in Finance and 1 in Crypto last week
DBS Expands Crypto Offerings Amid Challenges in Asia’s ETF Market
DBS has become the first Asian bank to offer crypto options and structured notes for institutional and accredited clients, providing products linked to Bitcoin and Ethereum. Starting in Q4 2024, clients can hedge against market volatility and earn yields through these offerings. Despite this innovation, Asia’s ETF market struggles, with major BTC and ETH ETFs showing disappointing returns of -5% to -20%, reflecting a lack of investor interest.
about DBS Expands Crypto Offerings Amid Challenges in Asia's ETF MarketStock Market Update September 5 Mixed Trends in Asia and US
Asian markets showed mixed results on September 5, with South Korea’s Kospi up 1.28% and Australia’s ASX 200 rising 0.45%, while Japan’s Nikkei fell 0.6% following disappointing wage data. In the US, indices started lower but ended mixed, with the S&P 500 down 0.16% and the Dow Jones up 0.1%, as July job openings dropped to 7.67 million, the lowest since early 2021. Brent crude rose 0.25% to $72.88 a barrel, while gold remained steady at $2,496.08 an ounce.
about Stock Market Update September 5 Mixed Trends in Asia and USBitcoin and Ethereum Prices Plunge Amid Stock Market Decline
Bitcoin’s price fell to $55,746 amid a significant downturn in the U.S. stock market, influenced by Nvidia’s major drop, which contributed to a 600-point decline in the Dow Jones. The cryptocurrency slightly rebounded to $56,463, while Ethereum also dropped over 4% to $2,318. Other cryptocurrencies like Solana, XRP, and Dogecoin experienced declines, with Toncoin falling below $5 due to recent negative developments.
about Bitcoin and Ethereum Prices Plunge Amid Stock Market DeclineAsian Shares Surge as Nikkei Hits Over 42,000 After Wall St Records
Asian shares surged today, with the Nikkei surpassing 42,000 following record-setting gains on Wall Street. For those in the Lakeway Area, there are various events, local attractions, and cultural and historical places to explore in Morristown and beyond.
about Asian Shares Surge as Nikkei Hits Over 42,000 After Wall St RecordsGlobal Markets Surge: Nikkei Hits Record High, Nifty and Sensex Rise
Asian markets surged, with Japan’s Nikkei hitting a new record high above 42,000, driven by a rally in technology stocks and optimism around potential rate cuts. US stocks also closed higher in anticipation of inflation and jobless claims data. In India, Nifty50 and Sensex are expected to open higher, with foreign and domestic institutional investors showing positive activity in the market.
about Global Markets Surge: Nikkei Hits Record High, Nifty and Sensex RiseGlobal Stock Market Update: US Jobs Data Impact, Asian Stocks Reach Records
Asian stock markets reached new highs on Friday, buoyed by expectations of U.S. interest rate cuts in September and a positive investor sentiment. The U.S. dollar remained close to its lowest point in three weeks, with upcoming payroll data expected to impact interest rate expectations. Meanwhile, the British pound held steady, supported by expectations of a significant majority win for the Labour party in the UK general election.
about Global Stock Market Update: US Jobs Data Impact, Asian Stocks Reach RecordsGlobal Stock Markets Recover from Pandemic-Era Plunges
Global stock markets have recovered from the 2020 crash, with the S&P 500 leading the way due to the success of technology companies. Despite the S&P 500’s outperformance, other markets have also shown healthy returns, with Japan’s Nikkei leading in five-year returns but less impressive in dollar terms. President Trump’s potential re-election could test the boundaries of presidential power, with a pre-vetted loyal Cabinet and a compliant Republican coalition in Congress.
about Global Stock Markets Recover from Pandemic-Era PlungesGlobal Markets Update: US Inflation Surges, Eurozone Calls for Rate Cuts
The Canadian dollar gains as investors monitor US inflation pressures. ECB’s Panetta calls for timely, small rate cuts. US economic growth slows in the first quarter, while inflation surges. Wheat climbs higher due to continuing dry weather fears. Microsoft-backed Rubrik’s stock jumps nearly 21% in NYSE debut. Delivery Hero ups revenue guidance after Q1 beat. Meta shares plunge 16% in Frankfurt after AI spending, revenue forecast. Yellen says the economy is performing well, and inflation will ebb.
about Global Markets Update: US Inflation Surges, Eurozone Calls for Rate CutsGlobal Stock Markets Open Higher on Cues from Asian and US Markets
The Indian stock market opened higher today, with the Sensex and Nifty both showing gains. The Indian rupee also opened stronger against the US dollar. Asian markets, including Nikkei and Kospi, reached record highs following the US Federal Reserve’s decision to maintain the short-term lending rate.
about Global Stock Markets Open Higher on Cues from Asian and US Markets