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...
Hong Kong stocks fell 197 points, or 0.8%, to 26,282 in Friday's morning session, retreating after their biggest one-day gain since mid-August amid caution ahead of China's October trade data. Exports are expected to slow sharply after months of front-loading to avoid U.S. tariffs, while imports likely stay weak amid fragile consumer sentiment. Attention also turned to October Chinese CPI and PPI data due over the weekend, with deflation risks still a concern. On Wall Street, stocks declined overnight as renewed tech weakness and worries over the prolonged U.S. government shutdown hit...
Asian stocks slipped at the open on Friday (November 7), following a choppy session on Wall Street. The MSCI Asia Pacific Index fell about 0.2%, led by losses in Japan, while South Korea and Australia also edged lower. In the US, the S&P 500 fell 1.1% and the Nasdaq 100 slumped 1.9% for the second time in three sessions, as AI stocks from Nvidia and Palantir sold off. The volatility indicator briefly touched 20, reflecting growing market anxiety. In bonds, Treasury prices edged lower early in the Asian session after a strong rally earlier, when the 10-year yield posted its biggest daily...
Japanese stocks weakened on Friday following an overnight plunge in US technology stocks. A stronger yen also weighed on sentiment, with chip-related stocks leading the decline. Renesas Electronics fell 3.9%, SoftBank Group slumped 7.3%, and Advantest plunged 6.1%. In the forex market, USD/JPY moved to 152.95 from 153.87 at Thursday's close in Tokyo. A stronger yen typically weighs on exporters because overseas earnings are eroded upon conversion, putting pressure on the technology and chip component sectors. Investors are now awaiting the release of financial reports and details of Prime...
European stocks closed sharply lower on Thursday after a brief uptick the previous day as investors weighed a fresh round of mixed corporate earnings and signs of higher unemployment in the US. The STOXX 50 fell 1% to 5,613 and the STOXX 600 fell 0.7% to 567. Commerzbank shares slipped 2% after the lender reported a surprise 7.9% year-on-year drop in net profit. Also, Diageo fell 6.5% following a downgrade to its full-year outlook, while Maersk lost 5.1% despite posting upbeat results and Rheinmetall fell 0.5% despite posting a 20% increase in sales. On the upside, DHL jumped 5.4% to rank...
Strong evidence of a cooling US labor market rippled through Wall Street, spurring a rally in bonds as traders boosted their bets the Federal Reserve will cut rates in December. A slide in megacaps dragged down stocks. With the scarcity of data caused by the federal shutdown, investors have turned to private readings such as the Challenger, Gray & Christmas Inc. report showing companies announced the most job cuts for any October in over 20 years. Following the numbers, money markets now imply an about 60% chance of a...
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...