Business Today TheFoxPosts.com

Shares are mostly lower in Europe after a lackluster day of trading in Asia Shares opened lower in Europe on Tuesday after a day of declines in most Asian market s. Germany's DAX fell 0.4% to 15,765.55 and the CAC 40 in Paris dropped 0.8% to 7,224.88. Britain's FTSE 100 edged 0.1% lower to 7,442.85. The future for the S &P 500 was down 0.3%, while that for the Dow Jones Industrial Average lost 0.2%. In Asian trading, Hong Kong's benchmark fell 2.1%, to 18,456.91, as investors sold real estate shares to lock in gains fueled by recent government efforts to support the ailing property industry. China Vanke lost 1.1%, while Country Garden Holdings gave up 1%. Hong Kong-based Sun Hung Kai Properties shed 2%. Chinese services data came in weaker than expected, dulling hopes for a rebound in China's lackluster growth. Meanwhile, a survey showed business activity in China's services sector increased at the slowest pace in eight months. The Shanghai Composite index...

Asian shares are mixed in directionless trading following a U.S. holiday, as optimism about a deal on the U.S. debt was dented by worries about the regional economy TOKYO -- Asian shares were mixed in directionless trading Tuesday following a U.S. holiday, as optimism about a deal on the U.S. debt was dented by worries about the regional economy . Japan's benchmark Nikkei 225 rose 0.3% to 31,328.16. Australia's S &P/ASX 200 edged down 0.1% to 7,209.30. South Korea's Kospi jumped 1.0% to 2,584.90. Hong Kong's Hang Seng was up less than 0.1% at 18,553.22. The Shanghai Composite fell less than 0.1% to 3,221.01. Analysts say investors remain concerned about the a possible “second wave” of COVID-19 cases in China, although the economic impact is expected to be more limited than from the earlier pandemic wave. China's recovery from virus-related disruptions during the past several years appears to be faltering, adding to worries over the regional economy. “To s...

Shares are mixed in Asia after a post-holiday retreat on Wall Street, as markets count down to the end of a painful year for investors BANGKOK -- Shares were mixed in Asia on Wednesday after a post-holiday retreat on Wall Street, as markets count down to the end of a painful year for investors. Shares fell in Tokyo, Shanghai and Seoul but rose in Hong Kong as the Chinese government took further steps to reopen to foreign Travel after relaxing its stringent “zero-COVID” policies. Oil prices rose and U.S. futures inched higher. The Chinese government announced it will start issuing new passports in another major step away from anti-virus travel barriers. That sets up a potential flood of tourists out of China for next month’s Lunar New Year holiday, taking free-spending Chinese visitors to Asia, Europe and other destinations during what usually is the country’s busiest travel season. But governments in India and Japan have said they will impose extra precautions on those arrivi...

Shares of Tesla tumbled more than 12% Tuesday, the first full day of trading since the company announced 2022 delivery numbers that fell short of targets DETROIT -- Shares of Tesla tumbled more than 12% Tuesday on the first full day of trading since the company announced 2022 delivery numbers that fell short of target s. The electric vehicle and solar panel maker's stock closed at $108.10, and it's down just under 70% since the start of last year. The stock hit its lowest point since August of 2020, and Tesla's market value, according to FactSet, slid to $341 billion, down from over $1 trillion as recently as April. Tesla said Monday that it sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk’s pledge to grow deliveries by 50% nearly every year. The 2022 figure topped the prior record of 936,000 vehicles delivered in 2021, but it was shy of the 1.4 million needed to reach the company’s 50% growth target. Sales grew 40% year o...

Asian shares are mostly higher after Wall Street benchmarks fell on worries that the U.S. Federal Reserve will keep raising interest rates TOKYO -- Asian shares were mostly higher Friday after Wall Street benchmarks fell on worries that the U.S. Federal Reserve will keep raising interest rates. Markets rose in Japan, Australia, South Korea and China in muted trading . Oil prices rose. Hot readings on the U.S. jobs market Thursday got traders thinking the Fed will need to keep inflicting pain on the economy to fight surging prices. Inflation has been easing from a peak of 9.1% in June to 7.1% in November and investors have been hoping for signs that could prompt the Fed to ease up on applying the brakes to the economy with high interest rates. Those hopes have been dashed so far. The strong labor market reports set the stage for the release on Friday of the Labor Department’s snapshot of hiring in December. “Overall risk sentiments could lean more toward a wait-and-see in the lead-up ...

World stocks are mixed after gains on Wall Street driven by heavy buying of tech shares as investors bet the Federal Reserve will trim its rate hikes as it makes headway in tamping down inflation BANGKOK -- World stocks were mixed Tuesday after a Wall Street rally driven by heavy buying of tech shares as investors bet the Federal Reserve will trim its rate hikes as it makes headway in tamping down inflation. Germany's DAX edged 0.1% lower to 15,086.68 while the CAC 40 in Paris gained 0.2% to 7,024.63. Britain's FTSE 100 slipped 0.4% to 7,751.06. The futures for the S &P 500 and the Dow industrials were 0.1% lower. A preliminary reading for manufacturing in Japan remained steady in January at its lowest level in over two years, with exports declining faster. But the strength in Technology shares helped spur buying of manufacturers like electronics maker Omron, which gained 2.7%, and robot supplier Fanuc Corp., which gained 1.6%. Tokyo's Nikkei 225 index gained 1.5...

Global shares are mostly lower as investors grow cautious after Wall Street’s biggest pullback of the year TOKYO -- Global shares were mostly lower Thursday as investors grew cautious after Wall Street's biggest pullback of the year. France's CAC 40 lost 0.4% in early trading to 7,052.61, while Germany's DAX edged down 0.5% to 15,106.21. Britain's FTSE 100 fell nearly 0.6% to 7,787.49. The future for the Dow Jones Industrial Average was 0.4% lower while that for the S &P 500 declined 0.3%. Japan reported its trade deficit more than doubled in December from a year earlier, to 1.4 trillion yen ($11.3 billion), while the total deficit for all of 2022 ballooned to nearly 20 trillion yen ($156 billion) as the yen weakened and soaring costs for oil and other imports far outpaced an 18% increase in exports. Japan's benchmark Nikkei 225 slipped 1.4% to 26,405.23. Australia's S &P/ASX 200 gained 0.6% to 7,435.30. South Korea's Kospi added 0.5% to 2,...