Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
Asian markets climbed Monday as investors awaited trade talks between the U.S. and China later in the day, following accusations between the two over breaching deal terms agreed in Geneva last month. Trade tensions are seemingly easing as China has reportedly granted temporary approvals for the export of rare earths, while jetliner Boeing Co has begun commercial jet deliveries to the Asian superpower. China is also slated to release a slew of data, including its consumer and wholesale inflation readings for May. Economists polled by Reuters expect consumer prices to have fallen by...
US stocks rallied on Friday, with the S&P 500 adding 1% to cross over the 6,000 mark and hitting its highest level since February, boosted by a stronger-than-expected jobs report and renewed optimism around US-China trade talks. The Dow gained 442 points and the Nasdaq rose 1.2%, led by a sharp rebound in Tesla, which jumped 3.7% after tensions between Elon Musk and President Trump appeared to cool. The labor market added 139K jobs in May, exceeding forecasts and easing fears of a near-term slowdown. Meanwhile, Trump offered a glimmer of optimism on the trade front, announcing that...
Stocks jumped Friday after the latest nonfarm payrolls data came in better than expected, easing concern the economy faces an imminent slowdown. The Dow Jones Industrial Average popped 510 points, or 1.2%. The S&P 500 also gained 1.2% — touching the 6,000 level for the first time since late February — and the Nasdaq Composite rallied 1.4%. The market's move higher was supported by a more than 3% gain in Tesla. Shares of the electric vehicle maker weighed on the market Thursday, tumbling 14%, as CEO Elon Musk sparred with President Donald Trump on social media. Other major tech-related...
The Hang Seng fell 114 points, or 0.5%, to close at 23,793 on Friday, snapping a three-day winning streak and retreating from a two-week high reached the previous day, primarily dragged down by losses in the tech sector. Traders remained cautious amid continued uncertainty over US-China trade talks, after a recent call between Washington and Beijing offered little clarity on easing tensions. The Hang Seng also tracked a downbeat session on Wall Street overnight, pressured by a dispute between Donald Trump and Elon Musk, along with renewed concerns over US-China trade relations....
Hong Kong stocks fell on Friday, snapping a three-day gain, after talks between US President Donald Trump and his Chinese counterpart Xi Jinping failed to produce a breakthrough on ending the tariff dispute. The Hang Seng Index eased 0.4 per cent to 23,823.89 at 10.10am local time, trimming the week's advance to 2.3 per cent. The Hang Seng Tech Index dropped 0.6 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both retreated 0.1 per cent. Chinese electric-vehicle maker Li Auto lost 2.4 per cent to HK$114 and China Mobile retreated 2.2 per cent to HK$87.25....
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...