- Restored 'Apollo Belvedere' marble back on show in the Vatican
- Boeing to raise up to $25 bn as strike weighs on finances
- Oil prices fall on easing Middle East fears
- Boeing announces intention to raise up to $25 bn
- Ferguson to leave Man Utd ambassador role as club cuts costs
- Oil prices tumble on easing Middle East fears
- Oil prices hit by easing Middle East fears, most Asian markets rise
- Hopes pinned on peace across Taiwan Strait after drills
- Belgian pathologist and literary star gives 'voice to the dead'
- East Timor fights new battles 25 years after independence vote
- Oil prices drop on easing fears over Middle East, most markets rise
- Reoxygenating oceans: startups lead the way in Baltic Sea
- King Charles III heads to Australia and Commonwealth meeting
- Wall Street stocks hit fresh records as oil prices slide
- Strike-hit Boeing leaves experts puzzled by strategy
- NASA launches probe to study if life possible on icy Jupiter moon
- EVs seek to regain sales momentum at Paris Motor Show
- NASA probe Europa Clipper lifts off for Jupiter's icy moon
- 'Unsustainable' housing crisis bedevils Spain's socialist govt
- Stocks shrug off China disappointment but oil slides
- Stocks diverge, oil retreats as China disappoints markets
- Trio wins economics Nobel for work on wealth inequality
- Ex-Stasi officer jailed over 1974 Berlin border killing
- Shanghai stocks gain after stimulus briefing as markets rally
- Shanghai stocks gain after stimulus briefing as Asian markets rally
- Nearly 90, but opera legend Kabaivanska is still calling tune
- With inflation down, ECB eyes faster tempo of rate cuts
- Is life possible on a Jupiter moon? NASA goes to investigate
- Ex-Stasi officer faces verdict over 1974 Berlin border killing
- Role of government, poverty research tipped for economics Nobel
- In milestone, SpaceX 'catches' megarocket booster after test flight
- In a first, SpaceX 'catches' megarocket booster after test flight
- Bangladeshi Hindus shrug off attack worries to celebrate festival
- Ubisoft fears assassin's hit over falling sales
- Vietnam, China hold talks on calming South China Sea tensions
- SpaceX will try to 'catch' giant Starship rocket shortly before landing
- Japan's former empress Michiko discharged after surgery: reports
- Japan's former empress Michiko discharged after surgey: reports
- 'Little Gregory' murder haunts France 40 years on
- Tariffs, tax cuts, energy: What is in Trump's economic plan?
- Amazon wants to be everything to everyone
- Jewish school in Canada hit by gunfire for second time
- With medical report Harris seeks to play health card against Trump
- China-EU EV tariff talks in Brussels end with 'major differences': Beijing
- Buried Nazi past haunts Athens on liberation anniversary
- Harris to release medical report confirming fitness for presidency: campaign
- Nobel prize a timely reminder, Hiroshima locals say
- China offers $325 bn in fiscal stimulus for ailing economy
- Small Quebec company dominates one part of NHL hockey: jerseys
- Boeing to cut 10% of workforce as it sees big Q3 loss
RYCEF | -0.57% | 6.99 | $ | |
JRI | 0.22% | 13.115 | $ | |
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SCS | 1.29% | 13.15 | $ | |
VOD | -0.08% | 9.672 | $ | |
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CMSC | 0.6% | 24.84 | $ | |
RELX | 1.86% | 48.28 | $ | |
BCE | 2.76% | 33.485 | $ | |
CMSD | 0.75% | 25.17 | $ | |
RIO | -1.83% | 66.485 | $ | |
BTI | 0.04% | 35.465 | $ | |
GSK | 0.06% | 39.155 | $ | |
AZN | -0.74% | 77.53 | $ | |
BP | -3.58% | 30.885 | $ |
Global stocks mixed after tech drubbing
Global stock markets wavered on Friday, a day after shares in major US tech firms took a beating and as investors brace for a week of interest rate decisions.
Following a mixed day on European and Asian bourses, Wall Street finished the week on a muted note.
The Dow Jones Industrial Average eked out a tiny gain to climb for the 10th straight session for the first time since 2017.
But the Nasdaq again declined, albeit with a much smaller loss than Thursday's rout.
"There wasn't any concerted selling interest, but there wasn't a lot of buying interest either as market participants looked ahead to a busy earnings reporting schedule next week," said Briefing.com, noting the coming reports from Google parent Alphabet, Microsoft and Meta Platforms, which owns Facebook.
With this week's focus on earnings, the market's response to results has been a "reflection of what's been priced in" to individual stocks, said Art Hogan of B. Riley Financial.
Both Tesla and Netflix were "priced for perfection" and stumbled after earnings that fell short, said Hogan, pointing to Johnson & Johnson as a company that surged following results, in part due to a much lower valuation.
Besides earnings, next week's calendar includes a Federal Reserve policy meeting.
While the Fed is widely expected to hike interest rates, Hogan said the market could be "disrupted" if the US central bank is more hawkish than expected.
He noted that investors do not expect the Fed to raise rates again in September.
The European Central Bank and Bank of Japan are also holding monetary policy meetings next week.
On currency markets, the yen rallied briefly against the dollar after data showed Japanese inflation picked up speed in June, which some saw as putting further pressure on the Bank of Japan to tighten policy.
However, the yen later slid more than one percent as observers suggested the figures were unlikely to shift monetary policymakers from their ultra-loose stance.
The central bank is expected to stand pat at its meeting next week, after governor Kazuo Ueda's recent dovish comments.
- Key figures around 2115 GMT -
New York - Dow: UP less than 0.1 percent at 35,227.69 (close)
New York - S&P 500: less than 0.1 percent at 4,536.34 (close)
New York - Nasdaq: DOWN 0.2 percent at 14,032.81 (close)
London - FTSE 100: UP 0.2 percent at 7,663.73 (close)
Frankfurt - DAX: DOWN 0.2 percent at 16,177.22 (close)
Paris - CAC 40: UP 0.7 percent at 7,432.77 (close)
EURO STOXX 50: UP 0.4 percent at 4,391.41 (close)
Tokyo - Nikkei 225: DOWN 0.6 percent at 32,304.25 (close)
Hong Kong - Hang Seng Index: UP 0.8 percent at 19,075.26 (close)
Shanghai - Composite: DOWN 0.1 percent at 3,167.75 (close)
Euro/dollar: UP at $1.1131 from $1.1130 on Thursday
Pound/dollar: DOWN at $1.2852 from $1.2868
Euro/pound: UP at 86.56 pence from 86.50 pence
Dollar/yen: UP at 141.77 yen from 140.07 yen
Brent North Sea crude: UP 1.8 percent at $81.07 per barrel
West Texas Intermediate: UP 1.9 percent at $77.07 per barrel
burs-jmb/st
Y.Ibrahim--CPN