Japanese Market Slightly Lower

RTTNews | 18h 44min ago
Japanese Market Slightly Lower

(RTTNews) - Adding to the losses in the previous two sessions, the Japanese market is slightly lower on Thursday after opening in the green, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 38,700 level, with weakness in index heavyweights and technology stocks partially offset by gains in exporters, automakers and financial stocks.

The benchmark Nikkei 225 Index is down 44.99 points or 0.12 percent to 38,676.67, after touching a high of 39,084.44 and a low of 38,621.88 earlier. Japanese shares ended sharply lower on Wednesday.

Market heavyweight SoftBank Group is losing more than 2 percent, while Uniqlo operator Fast Retailing is edging up 0.3 percent. Among automakers, Toyota is gaining 1.5 percent and Honda is adding more than 1 percent.

In the tech space, Tokyo Electron is losing more than 3 percent, Advantest is down more than 1 percent and Screen Holdings is edging down 0.4 percent.

In the banking sector, Mizuho Financial is gaining almost 1 percent, Sumitomo Mitsui Financial is edging up 0.1 percent and Mitsubishi UFJ Financial is adding more than 1 percent.

Among the major exporters, Canon is adding almost 2 percent, Sony is up almost 1 percent, Mitsubishi Electric is advancing 2.5 percent and Panasonic is gaining almost 3 percent.

Among other major losers, Kansai Electric Power is plummeting more than 16 percent, Toppan Holdings is plunging more than 6 percent, Sumitomo Pharma is sliding more than 5 percent, Kuraray is slipping almost 5 percent and Lasertec is losing more than 4 percent, while Isetan Mitsukoshi and Dai Nippon Printing are declining almost 4 percent each. Sumco, JGC Holdings and Seven & I Holdings are down more than 3 percent each, while ZOZO is declining almost 3 percent.

Conversely, Mercari is surging more than 7 percent and Kubota is gaining more than 6 percent, while Sumitomo Electric Industries and Sapporo Holdings are adding more than 5 percent each. Furukawa Electric, Fanuc and Fujitsu are advancing almost 4 percent each, while Kawasaki Heavy Industries, Mitsui & Co. and Mitsubishi Heavy Industries are rising more than 3 percent each. Itochu, Mazda Motor and Mitsubishi Chemical Group are up almost 3 percent each.

In the currency market, the U.S. dollar is trading in the higher 1545 yen-range on Thursday.

On Wall Street, stocks showed a lack of direction over the course of the trading day on Wednesday, with the major averages bouncing back and forth across the unchanged line following the pullback seen in the previous session.

The major averages eventually ended the day narrowly mixed. While the tech-heavy Nasdaq dipped 50.66 points or 0.3 percent to 19,230.74, the S&P 500 crept up 1.39 points or less than a tenth of a percent to 5,985.38 and the Dow inched up 47.21 points or 0.1 percent to 43,958.19.

The major European markets also finished the day narrowly mixed. While the U.K.'s FTSE 100 Index inched up 0.1 percent, the French CAC 40 Index edged down 0.1 percent and the German DAX Index dipped 0.2 percent.

Crude oil prices climbed higher on Wednesday thanks to short covering after recent sharp losses, while a firm dollar also weighed. West Texas Intermediate crude oil futures for December closed up $0.31 or 0.46 percent at $68.43 a barrel.

read more
U.S. Jobless Claims Unexpectedly Dip To Nearly Six-Month Low

U.S. Jobless Claims Unexpectedly Dip To Nearly Six-Month Low

First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 9th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 217,000, a decrease of 4,000 from the previous week's unrevised level of 221,000. Economists had expected jobless claims to inch up to 223,000.
RTTNews | 6h 38min ago
U.S. Producer Prices Rise 0.2% In October, In Line With Estimates

U.S. Producer Prices Rise 0.2% In October, In Line With Estimates

After yesterday's consumer price inflation data matched expectations, the Labor Department released a separate report on Thursday showing producer prices in the U.S. also increased in line with economist estimates in the month of October. The Labor Department said its producer price index for final demand rose by 0.2 percent in October following a revised 0.1 percent uptick in September.
RTTNews | 6h 43min ago
U.S. Producer Prices Increase In Line With Estimates In October

U.S. Producer Prices Increase In Line With Estimates In October

After yesterday's consumer price inflation data matched expectations, the Labor Department released a separate report on Thursday showing producer prices in the U.S. also increased in line with economist estimates in the month of October.
RTTNews | 7h 38min ago
Siemens Q4 Profit, Orders Rise; Sees Growth Ahead; Stock Up

Siemens Q4 Profit, Orders Rise; Sees Growth Ahead; Stock Up

Shares of Siemens AG were gaining around 6 percent in the morning trading on Germany's XETRA after the conglomerate on Thursday issued positive revenue outlook for fiscal 2025, after reporting higher profit and orders in its fourth quarter. Further, Siemens President and CEO Roland Busch reportedly announced potential cut of up to 5,000 jobs worldwide in its factory automation business.
RTTNews | 8h 24min ago
Eurozone GDP Growth Confirmed At 0.4%; Employment Rises

Eurozone GDP Growth Confirmed At 0.4%; Employment Rises

The euro area economy expanded as initially estimated in the third quarter and employment growth showed an improvement, data from Eurostat showed on Thursday. Gross domestic product climbed 0.4 percent sequentially, which was double the 0.2 percent expansion seen in the second quarter, flash estimate showed.
RTTNews | 8h 37min ago
Canadian Market Likely To Open Higher

Canadian Market Likely To Open Higher

Higher Canadian and U.S. futures, and firm crude oil prices point to a positive start on Bay Street on Thursday. The focus will be on earnings, and Fed Chair Jerome Powell's speech, as well as on U.S. producer price inflation data.
RTTNews | 8h 55min ago
Sensex, Nifty Extend Losses For Sixth Day

Sensex, Nifty Extend Losses For Sixth Day

Indian shares moved in a narrow range before finishing marginally lower on Thursday ahead of a public holiday for markets on Friday for Guru Nanak Jayanti.
RTTNews | 10h 41min ago