Finance

EU stocks rise as traders weigh up Fed comments and await ECB minutes


Asian shares were mixed overnight after a firm finish on Wall Street, as expectations remained solid for US interest rate cuts this year.

The Nikkei (^N225) rose 0.8% on the day in Japan as the yen slid against everything except the dollar and boosted Japanese stocks.

Meanwhile, the Hang Seng (^HSI) fell 1.2% in Hong Kong while the Shanghai Composite (000001.SS) was 0.2% down by the end of the session.

It came as analysts said Taiwan Semiconductor Manufacturing Co’s (TSMC) facilities may get quicker-than-expected relief after an earthquake struck on Wednesday, killing at least nine people.

Trading was closed in Taiwan on Thursday and Friday for national holidays.

Across the pond, Wall Street stocks performed slightly better, a day after their worst drop in weeks.

The S&P 500 (^GSPC) rose 0.1% to 5,211.49, and the tech-heavy Nasdaq (^IXIC) was 0.2% higher at 16,277.46. The Dow Jones (^DJI) slipped 0.1% to 39,127.14.

In the bond market, Treasury yields fell. The 10-year yield slipped to 4.34% from 4.36% late on Tuesday.

Elsewhere, gold also reached another record, and oil hit a five-month peak. Copper prices touched a 13-month high on the day helping lift shares in basic materials and energy companies.



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