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...
Asia-Pacific markets rose after Wall Street gained for a third straight day as tech stocks rallied, with investors assessing the trade climate as the U.S. tones down tariff rhetoric. Japan's benchmark Nikkei 225 rose 0.91% and the Topix added 0.88%. South Korea's Kospi climbed 1.03% while the small-cap Kosdaq rose 0.6% as South Korea reportedly inches closer to striking a trade deal with the U.S. Hong Kong's Hang Seng index opened 0.75% higher while mainland China's CSI 300 inched up 0.3%. Australian markets are closed for a holiday.Futures linked to the S&P 500 were 0.3% higher,...
Stocks surged on Thursday, helped by strong gains in large-cap technology stocks, as investors continued to look for signs of progress on the global trade front. The S&P 500 ended up 2.03% at 5,484.77, while the tech-heavy Nasdaq Composite gained 2.74% to end at 17,166.04. The Dow Jones Industrial Average lagged the other two indexes, weighed down by a 6.6% drop in IBM, but still rose 486.83 points, or 1.23%, to 40,093.40. It marked the blue-chip index's first close above the 40,000 threshold since April 15. Nvidia, MetaTrader, Amazon, Tesla and Microsoft all closed higher, pushing the...
European stocks erased early losses and closed higher on Thursday (4/24) for a third straight day of gains, benefiting from a positive session on Wall Street as investors continued to assess the outlook for European companies amid potential U.S. trade restrictions. The eurozone STOXX 5o gained 0.3% to close at 5,115 and the pan-European STOXX gained 0.5% to close at 519. Rhetoric from White House officials continued to suggest that President Trump was more open to reaching a trade deal with China and avoiding a full-blown trade war with China, adding to the appeal of riskier assets around...
US stocks hovered close to the flatline on Thursday after a volatile week, as markets continued to assess the outlook for US trade flows and how it may impact corporate returns. The S&P 500 and the Nasdaq 100 slightly higher, while the Dow was 150 points lower. Equities were supported this week by President Trump's remarks that tariffs against China would not remain at the 145% level in the longer term. Still, Treasury Secretary Bessent noted that talks with China have not yet started, and Beijing claimed it will not dialogue before tariffs by the US are lowered, raising skepticism on a...
The Hang Seng dropped 163 points or 0.7% to close at 21,910 on Thursday, snapping a three-day winning streak. The pullback came as Washington signaled openness to easing tariffs on China but ruled out taking unilateral action. Meanwhile, U.S. futures plunged after Wall Street logged a second consecutive day of gains Wednesday, with investors cautiously awaiting earnings from Alphabet, Intel, and PepsiCo later today. Losses in Hong Kong were limited by reports that China began issuing special sovereign bonds to cushion the economy from rising trade tensions, aiming to raise CNY 286 billion...
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...