- Peru's ex-president Toledo gets 20 years for corruption
- Chile launches vaccine that neuters dogs for a year
- Toxicology tests show Liam Payne had 'multiple' drugs in system: reports
- WNBA players union opts out of deal, now set to end in 2025
- Harris woos on-the-fence Republicans, Trump tours storm damage
- Henderson howler hands Forest victory over Crystal Palace
- Yankees and Dodgers to renew epic rivalry in World Series
- Stock markets mostly slide, oil jumps as China cuts rates
- Parents of Venezuela minors held after election ask UN to intervene
- NBA and Nike extend partnership deal for 12 years
- Israel strikes 300 Hezbollah targets as US urges war's end
- Tourist dreams turn sour after Cuba lights go off
- Italy PM seeks to save Albanian migrant deal amid spat with judges
- Tagovailoa returns to NFL practice Wednesday after concussion
- US infant mortality spiked after right to abortion overturned: study
- Blinken back to Middle East to push for Gaza truce
- Neymar returns for Al Hilal in Al Ain thriller
- TGL set for January start as Woods-McIlroy might meet Jan. 27
- US Grand Prix - three things we learned
- Welsh rugby's future more important to Gatland than saving his job
- Venezuela arrests ex-oil minister accused of US links
- President Biya lands back in Cameroon after health rumours
- Watson out for NFL season with ruptured Achilles tendon
- Disney expects to name Iger's successor in early 2026
- Emery wants to 'break barriers' at transformed Aston Villa
- Hezbollah-linked financial firm an economic lifeline for Lebanese
- London trial probes 2015 Brazil mine disaster
- Police in Mozambique disperse vote protest
- Ancelotti wants goals over pressing from Madrid star Mbappe
- Major crypto, diamond fraud trial opens in France
- Electricity restored to 50% of Havana after nationwide blackout: Cuba state media
- How much aid is getting into Gaza?
- King Charles caps Australia trip with Opera House bash
- England's Buttler out of West Indies ODI series
- Moldova president hails EU referendum win after Russia meddling claims
- Van Dijk talking to 'right people' over Liverpool contract
- Vietnam's top leader pushes anti-corruption fight
- Arteta urges Arsenal to use Bournemouth 'pain' against Shakhtar
- Rabada fastest to 300th Test wicket, as Bangladesh all out for 106
- Erdogan rival Gulen dies in exile at 83
- Man Utd's Ten Hag relishing Europa League clash with Mourinho
- Amnesty says migrant workers exploited at Carrefour Saudi stores
- Fethullah Gulen: ex-Erdogan ally who became public enemy number one
- Seoul demands 'immediate withdrawal' of North Korean troops in Russia
- WHO to evacuate 1,000 Gazan women, children for urgent medical care
- Erdogan's rival Fetullah Gulen dies in exile aged 83
- Gauff-led USA pitted with Canada at season-opening United Cup
- Sanofi pursues sale of painkiller after political controversy
- Rabada takes 300th wicket as Bangladesh stumble to 60-6 at lunch
- Alpacas, hecklers and climate warnings: King Charles visits Australia's capital
RBGPF | 1% | 61.11 | $ | |
JRI | -0.53% | 13.15 | $ | |
BCC | -2.78% | 137.9 | $ | |
NGG | -1.45% | 67.03 | $ | |
RYCEF | -0.68% | 7.4 | $ | |
CMSC | -0.53% | 24.65 | $ | |
SCS | -0.93% | 12.89 | $ | |
CMSD | -0.68% | 24.87 | $ | |
RIO | -0.63% | 64.95 | $ | |
RELX | -1.13% | 47.63 | $ | |
BCE | -0.45% | 33.39 | $ | |
VOD | -1.35% | 9.63 | $ | |
AZN | -1.06% | 77.44 | $ | |
GSK | -1.02% | 38.16 | $ | |
BP | 0.44% | 31.47 | $ | |
BTI | -0.73% | 34.25 | $ |
Nasdaq ends bruising January on a positive note
Wall Street stocks finished a bruising month on a positive note Monday, rallying ahead of a heavy week of economic news and corporate earnings.
After a sluggish morning, major US indices picked up momentum throughout Monday, ultimately rising for the second straight session following a mixed day in Europe.
Bolstered by Amazon, Facebook parent Meta and other tech titans, the Nasdaq finished at 14,239.88, up 3.4 percent for the day but down nine percent for the month.
"There weren't any specific macro catalysts today," said Briefing.com. "Instead, the market received support from month-end rebalancing activity that disproportionately benefited growth stocks after a dismal January."
In Europe, both Paris and Frankfurt ended higher but London dipped.
"There's no shortage of risk events for the markets this week with rate decisions from the Bank of England and the ECB (European Central Bank), the US jobs report and a slew of earnings," noted Victoria Scholar, head of investment at Interactive Investor.
Recent weeks have seen upheaval across world markets as the Federal Reserve readies to withdraw the vast financial support put in place at the start of the pandemic, which has fueled a nearly two-year equity rally.
"The markets have been roiled by concerns about stubborn inflation pressures and expectations that the Fed will have to be aggressive with its monetary policy tightening campaign," said analysts at Charles Schwab brokerage.
Observers debate the Fed's likely moves as US inflation sits at a four-decade high, with some saying it could hike up to seven times before 2023, with an initial 50 basis point move in March.
The Bank of England is widely expected to increase its main interest rate by a quarter-point Thursday to 0.5 percent.
That follows its decision in December to increase borrowing costs from a record-low 0.1 percent to 0.25 percent to combat decades-high inflation.
This week sees also an ECB policy update.
Its chief Christine Lagarde has downplayed inflation concerns, arguing that the forces pushing up prices across the eurozone are expected to ease over 2022.
Official data released Monday showed the eurozone economy grew 5.2 percent last year after a pandemic-induced recession. Meanwhile, although German inflation slowed in January, it still came in higher than expected and will likely put more pressure on the ECB to react.
- Key figures around 2150 GMT -
New York - Dow: UP 1.2 percent at 35,131.86 (close)
New York - S&P 500: UP 1.9 percent at 4,515.55 (close)
New York - Nasdaq: UP 3.4 precent at 14,239.88 (close)
London - FTSE 100: DOWN less than 0.1 percent at 7,464.37 (close)
Frankfurt - DAX: UP 1.0 percent at 15,471.20 (close)
Paris - CAC 40: UP 0.5 percent at 6,999.20 (close)
EURO STOXX 50: UP 0.9 percent at 4,174.60 (close)
Tokyo - Nikkei 225: UP 1.1 percent at 27,001.98 (close)
Hong Kong - Hang Seng Index: UP 1.1 percent at 23,802.26 (close)
Shanghai - Composite: Closed for a holiday
Euro/dollar: UP at $1.1235 from $1.1151 Friday
Pound/dollar: UP at $1.3445 from $1.3401
Euro/pound: UP at 83.54 pence from 83.22 pence
Dollar/yen: DOWN at 115.13 yen from 115.26 yen
Brent North Sea crude: UP 1.3 percent at $91.26 per barrel
West Texas Intermediate: UP 1.5 percent at $88.15 per barrel
burs-jmb/cs
T.Batista--PC