Israeli tanks, ships, and jets pounded parts of Gaza on Tuesday (October 7), offering no respite to Palestinians on the anniversary of the Hamas offensive that led to the two-year war and underscoring the challenges in negotiations over Donald Trump's plan to end the conflict. Israel continued its attacks, local residents said, after Hamas and Israel began indirect negotiations on Monday in the Egyptian resort of Sharm el-Sheikh on sensitive issues such as the withdrawal of Israeli troops from Gaza and Hamas' disarmament. The talks over the US president's plan are widely seen as the most...
European stocks closed mostly lower on Thursday, pressured by a mix of corporate earnings reports as markets continued to assess the impact of potential U.S. trade barriers and higher defense spending by EU members. The euro zone STOXX 50 closed flat at 5,453, maintaining yesterday's decline from Monday's record high, while the STOXX 600 edged down 0.2% to 551. Airbus fell 2.3% after posting downbeat results and hinting it may have to delay U.S. deliveries to focus on other customers if the U.S. government follows through on tariffs. Mercedes-Benz, meanwhile, reported a 40% drop in its car...
US stocks traded lower on Thursday, with the S&P 500 slipping 0.2% after reaching a new all-time high the day before, the Nasdaq losing 0.1%, and the Dow Jones dropping 170 points. Walmart shares tumbled nearly 5% after issuing weaker-than-expected fiscal 2026 guidance, despite exceeding Q4 earnings estimates. Almost all sectors traded in the red, with consumer staples emerging as the worst performer. Meanwhile, investor sentiment remained pressured by geopolitical and economic concerns, particularly fears over trade tariffs and US policy uncertainty. On the economic data front, weekly...
The Nikkei 225 Index fell 1.24% to close at 38,677, while the broader Topix Index dropped 1.18% to 2,735 on Thursday, extending losses from the previous session as concerns over US President Donald Trump's escalating tariff threats weighed on market sentiment. Trump recently announced plans to impose 25% tariffs on imports of autos, semiconductors, and pharmaceuticals—sectors that are crucial to Japan's economy. In addition, minutes from the latest US Federal Reserve meeting revealed that policymakers would prefer to see further progress on inflation before making additional interest rate...
Hong Kong stocks fell on Thursday, as indications that the US Federal Reserve was in no rush to slash interest rates weighed on investor sentiment. The Hang Seng Index slid 1.6%, or 367.26 points, to end at 22,576.98. The Hang Seng China Enterprises Index retreated 1.7%, or 140.54 points, to 8,322.56. US Fed officials are inclined toward keeping interest rates steady as they wait for further progress on inflation and clarity surrounding the new administration's economic policies. The interest rate is likely to be kept between 4.25%-4.5%, according to the minutes of the Fed's January...
European shares were steady on Thursday as gains in industrials and materials were offset by declines in heavyweight sectors such as energy and healthcare. The pan-European STOXX 600 index opens held its ground at 552.47 points. The benchmark index logged its worst day so far in 2025 in the previous session. The industrial goods and services sector opens rose 0.6%, led by a 5.4% jump in Schneider Electric opens after the electrical equipment maker forecast a bigger-than-expected rise in its 2025 profit margin. Source: Reuters
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Israeli tanks, ships, and jets pounded parts of Gaza on Tuesday (October 7), offering no respite to Palestinians on the anniversary of the Hamas offensive that led to the two-year war and...