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...
The STOXX 50 dropped 1.1% and the STOXX 600 declined 0.8% on the first trading day of August, which coincided with the deadline for countries to reach a trade deal with the US. In response, President Trump announced a series of sweeping tariffs. While the baseline rate remained unchanged at 10%—matching duties imposed in April—tariffs on certain countries were significantly increased, including India (25%), Canada (35%), and Switzerland (39%). Overall, the average US tariff rate will rise to 15%, up from around 2% in 2024. Pharmaceutical stocks also came under pressure after President Trump...
The Nikkei 225 dropped 0.66% to close at 40,800 on Friday, bringing its weekly loss to 1.58%, as tech stocks came under heavy pressure. Tokyo Electron sank 18% after slashing its full-year profit outlook due to weak demand from logic chipmakers. Losses spread across the sector, with Lasertec (-5.8%), Hitachi (-8.8%), Socionext (-4.1%), Disco (-3.6%), and Advantest (-1.3%) all declining. Sentiment was further dented by renewed trade tensions after US President Donald Trump reaffirmed a 10% global tariff and imposed reciprocal duties of up to 41% on countries without trade deals, heightening...
(Hong Kong) The Hang Seng Index started the month of August by opening 28 points lower, marking a decrease of 0.12% at 24,744 points. The H-share index dropped by 12 points or 0.14%, reaching 8,870 points, while the technology index saw a decline of 5 points or 0.09%, standing at 5,447 points. In the tech sector, stock movements varied with Alibaba rising by 1.82%, Kuaishou up by 1.3%, and Tencent seeing a 0.27% increase. Conversely, Meituan fell by 0.41%, Xiaomi Group by 0.66%, and Trip.com Group by 1.42%. Financial stocks exhibited weakness, with HSBC Holdings dropping by 0.68%; AIA...
Japanese stocks are lower in early trade as caution over earnings and domestic politics continue. Chip and bank stocks are leading the declines. Lasertec is down 5.6% and Resona Holdings is 1.6% lower. Meanwhile, a weaker yen is offering some support for the market. USD/JPY is at 150.85, compared with 148.75 as of Thursday's Tokyo stock market close. Investors are closely watching quarterly corporate results as well as any domestic political developments. Mitsubishi Chemical Group and Hoya Corp. are due to announce their earnings later in the day. The Nikkei Stock Average is down 0.5% at...
Asia-Pacific markets fell Friday after U.S. President Donald Trump modified "reciprocal" tariff rates on several countries, with updated duties ranging from 10% to 41%. Asia-Pacific markets started the day lower Friday. Japan's Nikkei 225 benchmark fell 0.65%, while the broader Topix index was flat as of 8:15 a.m. Singapore time (8:15 p.m. ET Thursday). In South Korea, the Kospi index dropped 1.73%, while the small-cap Kosdaq declined by 2.1%. Over in Australia, the S&P/ASX 200 benchmark fell 0.94%. Source: CNBC
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,...