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Nike Drops On Weak Q1 Revenue View, FY25 Outlook Revision

Nike Drops On Weak Q1 Revenue View, FY25 Outlook Revision

Shares of Nike Inc. were down more than 12 percent in the extended trading on Thursday on the NYSE after the sportswear giant warned on weak revenues in its first quarter, and trimmed its fiscal 2025 revenue view amid lower fourth-quarter revenues, below the Wall Street estimates. The quarterly results reflected poor performance by NIKE Brand, mainly Digital, as well as Converse, its athletic life
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European Shares Poised For Steady Open Ahead Of US PCE Data

European Shares Poised For Steady Open Ahead Of US PCE Data

European stocks are seen opening broadly higher on Friday as investors eagerly await the release of closely watched U.S. inflation data later in the day that may shed additional clues on the interest-rate outlook.
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Sensex, Nifty Open Higher On Fed Rate Cut Expectations

Sensex, Nifty Open Higher On Fed Rate Cut Expectations

Indian shares opened on a positive note Friday as global bond yields declined on expectations that the U.S. Federal Reserve will cut interest rates this year to prevent a bigger slowdown in the world's largest economy.
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Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as bond yields declined on expectations that the US Fed will cut interest rates this year to prevent a bigger slowdown in the world's largest economy. Asian markets ended mostly lower on Thursday.
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Sensex, Nifty May Follow Asian Peers Higher

Sensex, Nifty May Follow Asian Peers Higher

Indian shares may open on a positive note Friday as investors react to positive cues from other Asian markets and SEBI's decision to tweak F&O rules and ease delisting norms.
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Japanese Market Significantly Higher

Japanese Market Significantly Higher

Reversing the losses in the previous session, the Japanese stock market is significantly higher on Friday, following the broadly positive cues from Wall Street overnight. The benchmark Nikkei 225 is moving above the 39,700 level, with gains across most sectors led by index heavyweights and financial stocks.
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Mild Upside Seen For Thai Stock Market

Mild Upside Seen For Thai Stock Market

The Thai stock market on Thursday snapped the four-day winning streak in which it had gathered more than 20 points or 1.6 percent. The Stock Exchange of Thailand now rests just beneath the 1,310-point plateau although it may tick higher again on Friday.
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Australia Private Sector Credit Gains 0.4% In May

Australia Private Sector Credit Gains 0.4% In May

Overall private sector credit in Australia was up 0.4 percent on month in May, the Reserve Bank of Australia said on Friday - in line with expectations and easing from 0.5 percent in April.
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Rally May Stall For Indonesia Stock Market

Rally May Stall For Indonesia Stock Market

The Indonesia stock market has moved higher in two straight sessions, collecting more than 85 points or 1.2 percent along the way. The Jakarta Composite Index now rests just above the 6,965-point plateau although it may spin its wheels on Friday.
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Australian Market Notably Higher

Australian Market Notably Higher

Recouping some of the losses in the previous two sessions, the Australian stock market is modestly higher on Friday, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 7,800 level, with gains across most sectors led by technology, financial and energy stocks.
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Bargain Hunting May Boost Hong Kong Shares

Bargain Hunting May Boost Hong Kong Shares

The Hong Kong stock market on Thursday halted the two-day winning streak in which it had added more than 60 points or 0.3 percent. The Hang Seng Index now rests just beneath the 17,720-point plateau although it's tipped to open in the green on Friday.
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Higher Open Anticipated For China Stock Market

Higher Open Anticipated For China Stock Market

The China stock market turned lower again on Thursday, one day after snapping the five-day losing streak in which it had stumbled almost 80 points or 2.7 percent. The Shanghai Composite Index now sits just beneath the 2,950-point plateau although it may see renewed support on Friday.
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