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What time does the stock market open?

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What time does the stock market open?

The stock market is a place where the issuing and trading of shares, bonds and other securities of public listed companies take place. As an essential part of the free-market economy, stock market provides opportunities for publicly held companies to sell or buy stocks or shares that confer an ownership interest. Here are the trading hours of all the major stock markets in the world

United States

The New York Stock Exchange (NYSE) is the world’s largest stock marketing platform located in the New York City. The trading hours of the NYSE is from 9:30 am to 4.00 pm (local time). It will be closed for nine American holidays and closes at 1.00 pm on the following days: the day after Black Friday, the day before Independence Day and for the Christmas Eve.

The Nasdaq, an American stock exchange, is the second largest stock market in the world in terms of market capitalization.  It is also the largest electronic trading platform as most of the stock exchanges happen electronically. The Nasdaq has mainly three trading sessions (local time):

  • Pre-market trading hours from 4.00 am to 9:30 am.
  • Normal trading hours from 9:30 am to 4.00 pm
  • After-market hours from 4.00 pm to 8 pm.

Canada’s Toronto Stock Exchange (TSX) is the world’s ninth largest stock exchange in the world located in Toronto, Canada. It is the third largest stock exchange in the world. The Toronto Stock Exchange opens at 9:30 am and closes at 4 pm (local time) without any breaking hours.

Asia

The Shanghai Stock Exchange (SSE), the world’s fifth-largest stock exchange and one of the two independently operating stock exchanges by the People’s Republic of China. The trading hours of the Shanghai Stock Exchange is from 9:30 am to 3.00 pm (local time) with breaking hours from 11:30 am to 1.00 pm.

Japan’s Tokyo Stock Exchange is the fourth largest stock exchange in the world headquartered in Tokyo. Its normal trading hours start from 9.00 am to 3 pm (local time) with a lunch break from 11:30 am to 12:30 pm.

The Hong Kong Stock Exchange considered as the sixth largest stock exchange in the world by market capitalization. It operates mainly based on the three largest stocks: PetroChina, Industrial and Commercial Bank of China and China Mobile. The Hong Kong Stock Exchange works from 9:30 am to 4 pm (local time) with a one-hour lunch break from 12.00 pm to 1.00 pm.

Europe

As one of the oldest stock exchanges in the world, the London Stock Exchange (LSE) shares the world’s third-largest position in terms of market capitalization.  It opens at 8 am and closes at 4:30 pm (local time) without any break.

Euronext Paris based in France is the second largest stock exchange in Europe after the London Stock Exchange. It is formerly known as Paris Bourse. The trading hours of Euronext Paris start from 9 am to 5:30 pm local time with no lunch time.

The Swiss Exchange is Switzerland’s primary stock exchange market located in Zurich. It is the stock exchange that incorporated a fully automated trading, clearing and settlement system for the first time in the world. The Swiss Exchange operates normally from 9:00 am to 5:30 pm (local time) without lunch break.

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Sterling touches $1.42, hits highest vs euro in a year

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Sterling touches $1.42, hits highest vs euro in a year 1

By Ritvik Carvalho

LONDON (Reuters) – Sterling hit $1.42 on Wednesday, coming within touching distance of $1.43, while also reaching a year’s high against the euro as analysts retained their bullish views on the currency.

The pound is the best-performing G10 currency this year, up nearly 4% against the dollar and 3.2% against the euro as investors bet Britain’s rapid COVID-19 vaccine rollout will lead to a quicker economic rebound.

Analysts also point to relief over avoiding a “no-deal” Brexit with the European Union at the end of last year as benefiting the pound, with the market looking through short-term headwinds and disruption.

“Though we had anticipated a post-Brexit deal bounce in GBP (0.88 EUR/GBP; $1.35 GBP/USD), our scepticism about the durability of the GBP recovery beyond the initial relief has been misplaced,” said BoFA Global Research’s FX strategists Kamal Sharma and Michalis Rousakis in a note to clients this week.

“Our default position for much of the past five years has been one of healthy scepticism towards Brexit and its implications and whilst the UK’s handling of the pandemic in 2020 was lacking, it is in stark contrast to the highly effective vaccine roll-out in 2021.”

This should position the UK economy for a stronger recovery in the coming quarters … and enough to provide the pound with further support heading into a strong seasonal tailwinds in April, they said.

In Asian trading hours, sterling rose to $1.4295 against the dollar, its highest since April 2020. It climbed to its highest against the euro in a year, touching 85.40 pence.

By 1600 GMT, sterling traded 0.1% lower on the day at $1.41 and 0.1% higher to the euro at 85.96.

“Seemingly GBP is benefiting from a positive vaccine rollout and short-term Brexit adjustment problems disappearing, which also from a relative rates perspective is supporting GBP,” said Lars Sparresø Merklin, senior analyst at Danske Bank.

“That said, momentum seems stretched and EUR/GBP seems oversold based on our short-term models, and hence we may see short EUR/GBP take a breather from here.”

Also supporting sterling has been a pushing back of market expectations of negative rates by the Bank of England.

Money markets point to UK interest rates remaining above zero at least until August 2022, Refinitiv data shows. They were seen turning negative as early as June 2021 four weeks ago.

(Reporting by Ritvik Carvalho; editing by Larry King)

 

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Aussie, pound soar on reflation bets; dollar struggles

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Aussie, pound soar on reflation bets; dollar struggles 2

By Saikat Chatterjee

LONDON (Reuters) – The dollar struggled at multi-year lows against the Antipodean currencies and held near a one-month low versus the euro as reflation trades gripped the currency markets on Wednesday.

Federal Reserve Chair Jerome Powell reiterated on Tuesday that U.S. interest rates will remain low and the Fed will keep buying bonds to support the U.S. economy. The dollar resumed its decline towards the lows recorded at the start of the year after a brief rally in late January.

Money flowed from safe havens like the dollar, Swiss franc and the Japanese yen towards currencies expected to benefit from a pick-up in global trade, and to countries like Britain that are recovering quickly from the coronavirus pandemic.

“The extension of weakness in safe-haven currencies such as the Swiss franc appears consistent with building confidence in the global economic recovery,” MUFG strategists said in a note.

Some notable moves were seen in the currency markets this week. The franc weakened below 1.10 francs per euro for the first time since the end of 2019, with a global rise in bond yields also curtailing the appeal of the safe-haven currencies.

The dollar’s weakness in recent days has been more remarkable as it comes against the backdrop of a broader rise in U.S. yields. Benchmark 10-year borrowing costs are holding near their highest in nearly a year. [US/]

The dollar’s rise in January was largely driven by investors cutting back on record-high short bets and a rise in U.S. nominal yields. The latest weakness comes amid growing confidence in a global upswing as a global vaccine rollout to combat the coronavirus pandemic accelerates.

“In periods like this, global improvements in GDP growth prospects, which is dollar-negative, are more important than the rise in US nominal yields, which is dollar-positive,” said Vasileios Gkionakis, head of FX strategy at Lombard Odier & Cie.

The dollar index against a basket of six major currencies was at 90.111, near the six-week low of 89.941 it reached overnight.

“Risk appetite has improved a lot, and this leaves the dollar at a big disadvantage,” said Junichi Ishikawa, foreign exchange strategist at IG Securities.

The Australian dollar, which tends to benefit from rising metal and energy prices, rose to a three-year high of $0.7945 before paring gains to trade 0.1% stronger at $0.7914.

The euro bought $1.21495, close to the one-month high of $1.2180 set overnight. The British pound climbed past $1.42 overnight for the first time since April 2018.

(Reporting by Saikat Chatterjee; editing by Larry King)

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Stronger pound dents FTSE 100; Lloyds rises

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Stronger pound dents FTSE 100; Lloyds rises 3

By Shivani Kumaresan

(Reuters) – Britain’s main stock index fell on Wednesday as a stronger pound weighed on exporters, while Lloyds Banking Group rose 2.2% after the bank resumed a dividend despite a sharp drop in annual profit.

The blue-chip FTSE 100 index was down 0.3% by 0930 GMT as sterling rose to a three-year high against the dollar. [GBP=]

Financial stocks including HSBC Holdings and Standard Chartered were among the biggest drags on the FTSE 100, tracking a 2.9% slump in Hong Kong’s Hang Seng index on concerns over policy tightening. Losses in consumer stocks Unilever PLC and British American Tobacco also weighed on the index.

“The market just seems to have lost a bit of energy and the fact that we are seeing high yields has made investors a little nervous,” said Craig Erlam, senior market analyst at OANDA.

The FTSE 100 has recovered about 35% from a coronavirus-driven crash last year, but it has come under pressure more recently as fears of rising inflation have hit equities worldwide.

The mid-cap FTSE 250 index gained 0.5%, led by consumer discretionary and industrials stocks.

In company news, Metro Bank fell 6.9% as it posted a much bigger annual loss and said it expects defaults to rise through the year as government support measures set in place due to the COVID-19 crisis are wound down.

Drugmaker AstraZeneca Plc shed 1.4%, as it told the European Union it expects to deliver less than half the COVID-19 vaccines it was contracted to supply in the second quarter.

Consumer goods maker Reckitt Benckiser slipped 0.1% even as it capped 2020 with the strongest sales in its history, while Aviva slid 0.4% as it agreed to sell its 40% stake in a joint venture in Turkey for 122 million pounds ($173.17 million).

(Reporting by Shivani Kumaresan in Bengaluru; editing by Uttaresh.V and Anil D’Silva)

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