European markets were flashing red after a lethal cocktail of news, including mergers between both Sainsbury's and ASDA as well as Deutsche Bank and Commerzbank breaking down, growth worries in Germany and investment bank turmoil. The U.K.' s FTSE 100 fell 0.4% to 7,445.1. It ended Wednesday's trading down nearly 0.7%.
* Turkish lira softens ahead of central bank rate decision. * Shanghai Composite, South Korean stocks slip. * Higher oil prices fail to support Russian stocks, rouble. By Aaron Saldanha.
* Euro STOXX 600 down 0.4 pct. * MSCI world equity index falls 0.3 pct. * Swedish crown slumps to lowest in 17 years. * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. By Tom Wilson.
Stocks in Europe and several Asian markets slipped on Thursday following a weaker close for U.S. markets and poor economic data from South Korea, one of Asia's biggest exporters. The Stoxx Europe 600 index was down 0.4% and the U.K.' s FTSE 100 dropped 0.6% as investors digested big falls in revenue and profits in the first quarter from major banks UBS and Barclays. Futures pointed to opening falls on Wall Street of 0.1% for both the S&P 500 and the Dow Jones Industrial Average.
* Investors had already expected weak earnings. * Hitachi Construction, Kao jump 5 pct. * Selling ahead of long holiday subsiding. By Hideyuki Sano. Japan's Nikkei rose to 4-1/2-month high on Thursday as a bevy of corporate earnings turned out to be less bad than some investors had feared and selling ahead of the long holiday eased.
Britain's FTSE 100 index is seen opening 6 points higher at 7,477 on Thursday, according to financial bookmakers, while FTSE 100 futures were up 0.22 percent ahead of the cash market open.
The S&P 500 and the Nasdaq Composite both closed at new all-time highs on Tuesday. But was it really a record? The S&P 500 closed at 2,933.68, higher than the 2,930.75 previous high closing price on Sept. 20. But the S&P 500 intraday high is 2,940.91, set on Sept. 21. The benchmark index was down slightly on Wednesday.
U.S. stocks inched lower Wednesday amid concerns about the health of the world economy, a day after strong earnings propelled the S&P 500 to new highs. Wednesday's subdued market moves came after strong earnings reports boosted stocks earlier this week, in a year marked by a more cautious Federal Reserve and a stabilizing economy. This year's powerful rally marks a reversal from the fourth quarter of 2018, when a selloff dragged the Nasdaq into bear-market territory and left the...
President Donald Trump on Wednesday said the stock market has delivered all-time highs around 100 times since he took office-- a reference to records hit by the S&P 500 and the Nasdaq Composite Index a day earlier. However, it turns out that the 45th U.S. president may be selling the market a bit short, at least by one measure. Factoring the Dow Jones Industrial Average, S&P 500, Nasdaq Composite, Russell 2000, Dow Jones Transportation Index and the large-capitalization focused...
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