Stock market today: Live updates

[Pelican Press 0]

Stock market today: Live updates

2 Hours Ago

********* markets open higher

********* markets started the month higher Monday, extending last week’s rally as investors look ahead to the ********* Central Bank’s latest interest rate decision later this week.

The U.K.’s FTSE 100 was up 0.63% at 8,326, Germany’s DAX was 0.79% higher at 18,648 and France’s CAC was up 0.72% at 8,050. Italy’s MIB was also 0.8% higher at 34,762.

********* markets

TICKER	COMPANY	PRICE	CHANGE	%CHANGE
.FTSE	FTSE 100	8,293.49	+18.11	+0.22%
.GDAXI	DAX	18,642.68	+144.74	+0.78%
.FCHI	CAC 40 Index	8,016.85	+23.98	+0.30%
.FTMIB	FTSE MIB	34,736.36	+243.95	+0.71%
.IBEX	IBEX 35 Idx	11,390.60	+68.60	+0.61%

4 Hours Ago

South Korean energy stocks rise after government greenlights exploration plans

South Korean energy stocks rose after the government greenlit exploratory drilling for vast oil and gas resources off the country’s east coast.

Shares of Korea Gas Corporation surged 29.87%. Daesung Energy rose 28.25%, while SK Innovation climbed 7.9% and SK Gas advanced 15.97%.

South Korean President Yoon Suk Yeol reportedly told a news conference that there is a “very high” possibility for the area to contain as much as 14 billion barrels of oil and gas.

—Lee Ying Shan

5 Hours Ago

India stocks record intraday highs as exit polls show Modi’s BJP-led alliance projected to win majority

After overtaking Hong Kong’s stock market in December, India currently has the fourth largest in the world, and is now valued at over $4 trillion.

Javier Ghersi | Moment | Getty Images

Stock gauges in India hit intraday record highs, with the Nifty 50 index rising about 3% and the S&P BSE Sensex Total Return index last up about 2.6%.

Local exit polls over the weekend suggested Prime Minister Narendra Modi and his Bharatiya Janata Party-led alliance was set for a rare third consecutive term in power.

The BJP-led National Democratic Alliance is expected to 

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 in the lower house of India’s parliament, according to local news channel NDTV’s exit poll summary. 

However, final results, expected on Tuesday, can diverge from exit poll projections.

— Shreyashi Sanyal, Charmaine Jacob

7 Hours Ago

China’s May factory activity expands at fastest pace in nearly two years, tops estimates

A private survey showed China’s manufacturing activity expanded at its fastest pace in nearly two years, in contrast to an official reading.

The

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the headline seasonally adjusted manufacturing PMI rose to 51.7 in May from 51.4 the previous month, clocking its fastest pace since June 2022. It was also higher than a Reuters poll forecast of 51.5.

The private survey comes after

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Friday showed China’s manufacturing sector unexpectedly contracted in May.

The Caixin survey also said sentiment among ******** manufacturers remained positive in May amid hopes that market demand could improve both locally and abroad to support higher production this year.

— Shreyashi Sanyal

7 Hours Ago

South Korea’s May manufacturing PMI expands at fastest pace in nearly 3 years

A private survey showed South Korea’s manufacturing

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in nearly three years in May.

South Korea’s headline manufacturing Purchasing Managers’ Index showed a return to growth in May, coming in at 51.6 from 49.4 in April, which was the strongest since July 2021.

“After recovery efforts appeared to have plateaued recently, growth surged in May as stronger demand conditions, both domestically and abroad, drove production growth to its strongest in nearly three years,” said Joe Hayes, principal economist at S&P Global Market Intelligence.

— Shreyashi Sanyal

11 Hours Ago

Nvidia announces latest AI chip model

Nvidia announced new AI chips on Sunday before its latest model has even shipped to customers.

The new chip model is called “Rubin.” Nvidia had announced its “Blackwell” chips in March. Huang said Sunday that Nvidia plans to release new AI chip models on a “one-year rhythm.”

Shares of Nvidia are up more than 120 year-to-date even as other deep-pocketed tech companies try to compete with the AI leader.

— Jesse Pound, Rebecca Picciotto

11 Hours Ago

Stock futures open little changed

Stock futures were largely unchanged shortly after 6 p.m. in New York, with the three major contracts within 0.2% of the flatline.

— Jesse Pound

11 Hours Ago

Key economic reports this week

Here are some of the notable economic and corporate updates this week. All times ET:

Monday, June 3

10 a.m. Construction spending (April)

10 a.m. ISM manufacturing (May)

Tuesday, June 4

10 a.m. JOLTS job openings (April)

Earnings: Hewlett Packard Enterprise, Bath & Body Works

Wednesday, June 5

10 a.m. ISM services PMI (May)

Earnings: Campbell Soup, Dollar Tree

Thursday, June 6

8:30 a.m. Initial jobless claims

Earnings: J.M. Smucker Co.

Friday, June 7

8:30 a.m. May jobs report

— Jesse Pound, Sarah Min

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S&P 500 Index,NVIDIA Corp,Dow Jones Industrial Average,NASDAQ Composite,NASDAQ 100 Fut (Mar'23),S&P 500 Fut (Mar'23),Dow Jones Fut (Mar'23),******* States,Markets,Stock markets,Breaking News: Markets,business news
#Stock #market #today #Live #updates

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