If it just seems like the first Friday of the month wasn't the same without being able to pore through the Bureau of Labor Statistics' hotly watched monthly jobs report, don't worry. You probably didn't miss much. While the BLS has gone dark with the shutdown in Washington, other reports outside the government data suggest the labor market just plodded along in September. The Dow Jones consensus forecast was for growth of 51,000 in nonfarm payrolls with the unemployment rate holding steady at 4.3%. High-frequency data that includes job postings, private payrolls and state-by-state figures...
Japanese stocks are higher as lower-than-expected U.S. inflation keeps expectations for Federal Reserve rate cuts intact. Electronics and auto stocks are leading gains. Advantest is up 3.5% and Subaru Corp. is 2.2% higher. USD/JPY is at 147.85, compared with 148.28 as of Tuesday's Tokyo stock market close. Investors are closely watching any U.S. tariff news as well as domestic political developments. The Nikkei Stock Average is up 0.8% at 43058.55, after closing at a record high on Tuesday. Source : Dow Jones Newswires
Wall Street's major indexes rose on Tuesday, with the S&P 500 and Nasdaq hitting record highs, gaining 1.1% and 1.4% respectively, after July's inflation data largely met expectations. The Consumer Price Index increased 0.2% month-over-month and 2.7% year-over-year, easing concerns about rising prices amid ongoing trade tensions. This bolstered expectations for a Federal Reserve rate cut next month, with traders pricing in about a 90% chance of a 25-basis-point reduction in September. The Dow climbed 483 points, supported by easing trade tensions after President Trump extended a 90-day...
US stocks traded higher on Tuesday, with the three major averages up about 0.5%, as the latest CPI report bolstered expectations of a Fed rate cut next month. Headline annual inflation held at 2.7% in July, below the 2.8% forecast, while core inflation accelerated more than expected to 3.1%. The figures indicated that tariff-related price pressures remain limited so far, giving the Fed room to deliver a 25 bps cut in September. Rate-cut odds, which were at 88% late yesterday, have now climbed to nearly 93%. Sentiment was also lifted after President Trump extended the suspension of steep...
The Hang Seng rose 63 points or 0.25% to close at 24,970 on Tuesday, swinging from early losses and marking the second straight gain. Sentiment finally improved after Washington and Beijing extended their tariff truce by another 90 days, averting triple-digit duties on Chinese exports to the U.S. Meanwhile, mainland markets have trended higher in recent weeks as investors look ahead to October's key annual conclave, expected to focus on the next five-year economic plan. On the economic front, China's vehicle sales grew 14.7% yoy in July, accelerating from June's 13.8%, according to the...
European stocks traded higher on Tuesday (August 12th), with the STOXX 50 and STOXX 600 rising nearly 0.3%, recovering from a sluggish session the previous day, as traders welcomed the extension of the US-China trade truce. President Trump extended the suspension of high tariffs on Chinese goods for another 90 days, until November 10th, while China announced a similar extension for its own tariff suspension. Investors also digested key European economic data, with no major earnings reports scheduled. In the UK, recent data confirmed that the labor market continues to slow, although wage...
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...
The U.S. government shut down much of its operations on Wednesday as deep partisan divisions prevented Congress and the White House from reaching a funding deal, setting off what could be a long,...