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...
European stocks closed slightly lower, halting the strong momentum for equities from the week as markets took profits and continued to assess risks to the European corporate outlook from pending tariffs by the US. The Eurozone's STOXX 50 lost 0.3% to close at 5,400 and the pan-European STOXX 600 pulled back 0.4% to 542. Consumer discretionary extended their volatile momentum to record losses, with LVMH and Kering dropping 2% and 3%, while L'Oreal slumped 3.3%. In turn, healthcare continued to decline as US President Trump was due to pass policy to cap drug prices, with Sanofi and Bayer...
US stocks rose on Wednesday, with the S&P 500 and Dow Jones up 0.2% while the Nasdaq gained 0.6%. The gains came after the S&P 500 turned positive for the year a day earlier, although momentum from the recent rally, fueled by the U.S.-China tariff cuts, appeared to be fading. Investors also eyed President Trump's visit to the Middle East, which has drawn attention to the market. The technology sector was the best performer so far while real estate and utilities underperformed. Nvidia shares jumped more than 3%, building on a 5.6% gain from the previous session as the company will...
The Hang Seng surged 532 points or 2.3% to close at 23,641 on Wednesday, recovering from the prior session's sharp drop after softer-than-expected U.S. consumer inflation eased concerns over the inflationary impact of U.S. tariff policies. Gains were broad-based, led by consumers and financials. The tech index also saw solid gains, as Nvidia and AMD will supply semiconductors to Saudi Arabia's Humain for a data center project. Separately, the U.S. is reportedly mulling a deal allowing the UAE to import over a million advanced Nvidia chips. Investors turned their focus to earnings from...
Japanese stocks were down after the close on Wednesday (5/14), as losses in the Paper & Pulp, Transportation and Communications sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.14%. The best performers on the Nikkei 225 were Nexon Co Ltd (TYO:3659), which rose 16.88% or 382.50 points to trade at 2,648.50 at the close. Meanwhile, Takara Holdings Inc. (TYO:2531) gained 9.40% or 107.00 points to close at 1,245.50 and Marui Group Co., Ltd. (TYO:8252) gained 8.95% or 253.00 points to 3,079.00 in late trade. The worst performers on the session were Idemitsu Kosan...
European stock markets lacked direction on Wednesday, with the STOXX 50 and STOXX 600 fluctuating around the flatline, with the recent rally, fueled by easing global trade tensions, showing signs of losing steam. Travel and leisure, real estate and oil and gas stocks led gains, while media, utilities and chemicals lagged. Traders were also closely watching corporate earnings. Daimler Truck Holding rose about 1% after the company cut its full-year outlook but maintained margin expectations for its North American truck division. E.ON edged up 0.2%, reaffirming its full-year guidance....
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...