2 hours ago
European stocks start lower
European stock markets opened lower on Tuesday, with the benchmark Stoxx 600 index down 1.2% by 9am London time, its lowest since March 7.
All sectors were in the red. Britain’s FTSE 100, France’s CAC 40 and Germany’s DAX all fell by 1.3%.
— Jenny Reid
7 hours ago
China’s March industrial production and retail sales statistics are lower than expected
China’s industrial output Sales in March rose 4.5% from the same month last year, falling short of the 6% increase predicted by Reuters.
According to the National Bureau of Statistics, China’s manufacturing industry grew by 5.1% and mining by 0.2%. The country’s electricity, heat, gas and water production and supply industry rose 4.9%.
country retail salesThe growth rate, an indicator of consumption, increased by 3.1% from the previous year, lower than the expected 4.6% increase. In addition, the growth slowed down from the 5.5% increase in the previous month.
—Li Yingshan
8 hours ago
China’s economy grew 5.3% in the first quarter, beating expectations
China’s economy grew 5.3% year-on-year in the first quarter, beating the 4.6% growth forecast by economists polled by Reuters.
Data released by China’s National Bureau of Statistics showed gross domestic product (GDP) in the January-March period grew 5.2%, faster than the 5.2% growth in the fourth quarter. On a quarterly basis, China’s GDP increased by 1.6% in the first quarter.
The Chinese government has set a growth target of around 5% for 2024.
—Lim Huijie
10 hours ago
The yen has fallen to its lowest level since June 1990, exceeding $154 against the dollar.
The Japanese yen has fallen to more than 154 yen against the US dollar, its lowest level since June 1990.
Since the Bank of Japan raised interest rates on March 19, the yen has remained firmly above the 150 yen mark, and Japanese officials have said that “all options are on the table” to counter excessive yen movements. “Yes,” he repeatedly said.
On April 4, former currency diplomat Hiroshi Watanabe said authorities would not intervene until the yen rose above $155 against the dollar. According to Reuters.
11 hours ago
Live Nation Entertainment stock falls after hours
Shares of Live Nation Entertainment fell more than 7% in after-hours trading after the Wall Street Journal report, people familiar with the matter said. report It has been revealed that the US Department of Justice plans to file charges against Ticketmaster’s parent company in the coming weeks. The antitrust lawsuit alleges that Live Nation used its power and influence in promoting the concert to undermine it, the report said.
Live Nation stock has risen more than 6% this year.
See chart…
live nation entertainment
11 hours ago
The VIX index, Wall Street’s “fear index,” closed at its highest level since the bull market began in late October.
The VIX index closed Monday at its highest since Oct. 30, 2023, suggesting Wall Street expects further price movements in the coming days and weeks.
The Chicago Options Exchange Volatility Index, known as a measure of investor caution, closed at 19.23 on Monday, after rising to 19.46, its highest intraday since Oct. 31, 2023.
sometimes calledfear indexSince closing at a year-to-date low of 12.44 on January 11, the VIX has skyrocketed. The VIX has hit consecutive highs over the past three trading sessions.
The last time the VIX was higher than Monday was in late October, just as the current stock market rally was beginning.
— Scott Schnipper
12 hours ago
Stock futures trading remains largely unchanged
U.S. stock futures opened little changed Monday night.
Dow Jones Industrial Average futures rose 19 points, or 0.05%. S&P 500 futures and Nasdaq 100 futures rose 0.02% and 0.07%, respectively.
— Sarah Min
