He said China’s industrial manufacturing has not been the “critical factor” in driving the oil market recently and the increase in demand may taper off in 2024. Traders overwhelmingly expect next gbp/jpy trading strategy week’s meeting for the Federal Reserve to end with interest rates staying where they are. Alphabet, meanwhile, fell 1.2% as an antitrust trial against Google opened in a federal courthouse.
High rates work to undercut inflation by slowing the entire economy and knocking down prices for stocks and other investments. TradingHours.com is trusted by world-leading financial institutions, investors, hedge funds, and fintech companies. All of our data is rigorously researched and verified by our team. We have full coverage of over 979 unique markets and trading venues including global equity markets, bonds, forex, and derivative markets including CME, CBOE, COMEX, ICE, NYMEX, EUREX, and more.
The Euronext exchange is the largest in Europe and has locations in Paris, Amsterdam and Lisbon, as well as others. Opening and closing times for the Euronext exchanges are identical – 8am to 4.30pm (GMT) Monday to Friday. However, because the hours are fixed https://bigbostrade.com/ across multiple locations they do vary in terms of local hours. For instance, Paris is open from 9am to 5.30pm local time, but Lisbon operates from 8am to 4.30pm local time to ensure that their hours align.2 Neither of these exchanges stop for a lunch break.
The word ‘recession’ is disappearing from earnings calls, data shows
Saudi Arabia announced Wednesday it will extend its cut of 1 million barrels per day until the end of December, while Russia said it will reduce its oil exports by 300,000 barrels per day. Vietnamese EV maker VinFast failed to cement meme stock status as its eye-popping rally faded quickly. After a head-scratching six-day winning streak, VinFast has lost 60% this week, cutting its gains since its market debut to about 170%. Meanwhile, chances the central bank will not raise rates in November also jumped to 65%. Markets are pricing in a 93% likelihood Friday morning the Fed will hold rates in September, according to the CME FedWatch Tool. Traders are growing more confident the Federal Reserve could be done hiking rates this year after the August’s unemployment rate suggested a cooling labor market.
- Valuations of Chinese internet stocks fell 5% between mid-June and the start of September, the bank said, adding that its picks offer “opportunities with good value.”
- New Zealand’s trade expanded in the quarter ended June, with total trade coming in at 51.8 billion New Zealand dollars, 4.9% higher compared with June 2022.
- Fewer companies are discussing recessionary risks with investors, data suggests.
- This means it is a parent entity that operates one or more subsidiary markets or trading platforms, which are called “Segment MICs.”
- Japan’s economy grew 4.8% in the second quarter on a quarter-on-quarter annualized basis, a smaller growth than the 6% seen in the preliminary estimates and lower than the 5.5% expected in a Reuters poll.
This is different for some Middle Eastern exchanges like the Tehran Stock Exchange which operates from Saturday to Wednesday. Stock exchanges are also typically closed on public holidays, which differ for each country around the world. A stock market exchange is, by definition, a marketplace where stocks can be bought and sold for certain hours throughout the day. It functions as an entity that ensures orderly trading and efficient dissemination of price quotes for the companies that list on the exchange.
Another European stock exchange is the London Stock Exchange (LSE), which is one of the largest and most prestigious exchanges in the world. Stock market opening times differ by region in order to facilitate the greatest concentration of buyers and sellers during these hours for local – but also international – market participants. By having set hours for trading, stock exchanges ensure that there is concentrated liquidity between their opening and closing bells, rather than sporadic trades throughout the day on a 24-hour basis.
Average hourly earnings rose 0.24% for the month, or 4.29% year-over-year. The unemployment rate jumped to 3.8% in August, while wages rose less than expected, the U.S. Department of Labor said Friday, signs of a slowing economy and easing pricing pressures. Japan’s Nikkei 225 also climbed 0.7% to close at 32,939.18, marking a six day winning streak and its highest level in over a month. The Topix finished 1.02% higher at 2,373.73, also marking six straight days of gains. Several strong reports on the economy recently have allayed worries about a painful recession, defying long-held predictions.
Evergrande shares spike more than 54%, top gainer on the Hang Seng
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.
The other major stock exchange on the North American continent is that in Toronto, Canada’s largest city. The Toronto stock exchange operates during the same hours as the NYSE and the NASDAQ, and it is also closed on public holidays. In Canada, these include Thanksgiving (second Monday in October for Canada), Remembrance Day (11 November), Boxing Day (26 December) and Canada Day (1 July).
The Sydney-based Australian Securities Exchange (ASX) is roughly the same size as the South African exchange. Stocks, commodities, and options all are traded on the São Paulo exchange. Get a daily email with the top market-moving news in bullet point format, for free. Most cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH) are traded around the clock, all year. The RBC Strategy Canadian Focus List returned 11.3% in compounded annual growth over the past five years.
Asia
Imports to the country however, plunged 15.3% year-on-year in July, a steeper fall from the 15.0% contraction the previous month. Japan’s economy grew 4.8% in the second quarter on a quarter-on-quarter annualized basis, a smaller growth than the 6% seen in the preliminary estimates and lower than the 5.5% expected in a Reuters poll. Japan’s Nikkei 225 extended losses from Thursday and fell 1.16%, closing at 32,606.84 to erase its past week’s gains.
“We believe ARM could launch its IPO roadshow as early as next week with a likely first day of trading before September 20th,” Roth MKM said in a note. A Fidelity fund that invests billions of dollars into a China-related strategy is on track to outperform its peers this year for a second straight year, according to Morningstar. Government data showed that the exports of goods and services for the quarter totaled NZ$25.3 billion, up from NZ$23.1 billion a year ago. Arm is set to begin marketing its initial public offering next week. Country Garden shares jumped 7.87%, while shares of Evergrande rose 7.27%. Other gainers also included Longfor Group, which spiked 9.44%, and China Resources Land, which gained 9.8%.
Apple shares fell more than 2% after Bloomberg News reported China is planning to extend a ban on iPhone use to state-owned corporations. A day earlier, The Wall Street Journal reported the China was moving to prohibit iPhone usage in government agencies. The MIC code for Tokyo Stock Exchange is XJPX (JAPAN EXCHANGE GROUP). This means it is a parent entity that operates one or more subsidiary markets or trading platforms, which are called “Segment MICs.” † Indicates the market is closed in observance of the holiday on a different date than when the holiday officially occurs.
Nonfarm payrolls grew by a seasonally adjusted 187,000 for the month, above the 170,000 expected by economists polled by Dow Jones. However, job numbers first reported for June and July were revised down by a combined 110,000. The jobless rate was expected to be 3.5%, according to economists polled by Dow Jones, equal with what it was in the prior month.
Worldwide stock market opening hours
Asia-Pacific markets were lower on Friday as Japan released revised second quarter gross domestic product figures. Hong Kong cancelled trade for the whole day due to a storm warning. Sign up for TradingHours.com’s Weekly Digest – a comprehensive summary of upcoming holidays impacting financial markets this week – delivered straight to your inbox every Monday at 6am ET. Extended hours are also available to our share dealing clients. We offer pre-market and after-market share dealing from 12pm to 10.30pm (UK time) Monday to Thursday, and 12pm to 10pm on Friday. IG offers out-of-hours trading on 70 key US shares, enabling you to trade outside the normal window of 2.30pm to 9pm (UK time).
Japanese stocks climb for seventh day as Hong Kong stocks drop
Times reflect Eastern Standard Time (not daylight saving time), and it’s important to note that markets close for lunch in many countries. Middle Eastern stock exchanges often follow the days of rest prescribed by religious doctrine rather than the model set out by Western stock exchanges. Meaning their stock market opening times and working days are usually different to the exchanges in North America, Europe, Asia and Oceania. Neither the Saudi Stock Exchange nor the Tehran Stock Exchange stop for a lunch break. Usually, Asian stock exchanges will declare the holidays that they will not be open in advance. The Hong Kong Stock Exchange and Shanghai Stock Exchange are also closed on these days.
New Zealand’s trade expanded in the quarter ended June, with total trade coming in at 51.8 billion New Zealand dollars, 4.9% higher compared with June 2022. Sources told Reuters that “SoftBank could possibly raise this range before the IPO prices, should investor demand prove strong.” Japanese investment holding company SoftBank is the parent company of Arm. Hong Kong’s real estate stocks surged, leading gains on the Hang Seng on Monday. Exxon Mobil rose 2.9% and was the strongest single force limiting the S&P 500’s loss. Oil prices have been climbing since the end of June after mostly falling for a year. A slew of popular technology and semiconductor stocks dropped during Thursday’s session, pressuring the S&P 500’s information technology sector and the Nasdaq Composite.
Additionally within a single segment MIC there can be different trading schedules for certain products, securities, or asset types. The next Tokyo Stock Exchange
holiday is Old Age Day
and will be observed on Monday, September 18, 2023
which is 5 days from now. We closely monitor the Tokyo Stock Exchange for changes to their trading hour. The Johannesburg Stock Exchange (JSE) has acquired the South Africa Futures Exchange and the Bond Exchange of South Africa, so all of those assets are traded on the JSE.
