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International markets roundup

NEW YORK: The Nasdaq has hit a record high ahead of a big week of technology earnings reports, while the S&P 500 and the Dow industrials lagged behind as losses in healthcare heavyweight Johnson & Johnson took a toll.

The major US indexes are trading around record-high levels with a huge batch of second-quarter corporate reports due this week.

After the market closed on Monday, shares of Google parent Alphabet, one of the high-flying "FANG" stocks, traded down 2.2 per cent following the company's quarterly report and dragged on Nasdaq 100 futures.

The company's report will be critical for supporting the run for the tech sector, which has outperformed all major groups this year.

Of the other FANG stocks, Netflix issued well-received results last week, and Amazon and Facebook are set to report later this week.

The Dow Jones Industrial Average fell 0.31 per cent to 21,513.17, the S&P 500 lost 0.11 per cent to 2,469.91 and the Nasdaq Composite added 0.36 per cent to 6,410.81.

Tech and financials were the only two of the 11 major S&P sectors to finish in positive territory.

LONDON: Britain's top share index fell on Monday as heavyweight Reckitt Benckiser dropped following its results and as airlines were hit by price war worries.

Britain's blue-chip FTSE 100 index ended down 1 per cent at 7,377.7 points.

Consumer goods company Reckitt Benckiser fell 3.3 per cent, the biggest FTSE loser, after second-quarter sales fell 2 per cent following June's cyber attack, which disrupted its operations.

European shares dipped with automakers hitting their lowest level this year after anti-trust regulators opened an investigation, while price war worries hurt airlines.

The pan-European STOXX 600 fell 0.2 per cent as gains in heavyweight financials helped offset losses in other sectors. Eurozone bluechips ended flat.

Germany's DAX lost 0.25 per cent to 12,208.95.

TOKYO: Asian stocks edged slightly higher on Monday.

MSCI's broadest index of Asia-Pacific shares outside Japan reversed earlier losses to edge up 0.2 per cent, while Tokyo's Nikkei225 lost 0.6 per cent to 19,975.67.

Hong Kong shares rose to two-year highs, resuming their rally after a brief pause last week, helped by consumer and technology stocks.

The benchmark Hang Seng Index ended 0.5 per cent, or 140.74 points, higher at 26,846.83, while the Hang Seng China Enterprises Index finished 0.3 per cent higher at 10,820.95.

China's blue-chip index hovered near 18-month highs on Monday, as institutional investors stepped up their buying into industry leading big caps, but small-cap shares continued to languish as their earnings disappointed.

The mood was also aided by views that China may maintain high levels of fiscal spending to avoid the risk of a sharp economic slowdown in the second half.

The blue-chip CSI300 index ended up 0.4 per cent, to 3,743.47 points, while the Shanghai Composite Index also added 0.4 per cent to 3,250.60 points, closing at its highest in 3 months.

WELLINGTON: The S&P/NZX50 Index rose 0.1 per cent to 7682.29.

Austrlaian Associated PressBack to Breaking News

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