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...
Japanese stocks fall as uncertainty over a U.S. government shutdown and the impact of tariffs on earnings persists. Financial stocks lead declines. Dai-ichi Life Holdings declines 2.5% and Mizuho Financial Group is 1.9% lower. USD/JPY is at 148.13, compared with 148.19 as of Tuesday's Tokyo stock market close. Investors are focusing on any developments related to a potential U.S. government shutdown as well as the leadership election for the ruling Liberal Democratic Party of Japan. The Nikkei Stock Average is down 0.3% at 44802.93. Source: Dow Jones Newswires
Wall Street's three major indexes managed to close Tuesday's choppy session higher, marking quarterly and monthly gains, even as investors braced for a U.S. government shutdown, which would delay key economic reports and muddy the Federal Reserve's interest rate policy outlook. With investors having bet for some time on a spate of further Fed rate cuts, the benchmark S&P 500, the tech-heavy Nasdaq and the Dow all gained for the second quarter in a row. For the S&P 500 and the Dow, it also marked their fifth straight monthly gain while the Nasdaq registered its sixth straight monthly...
European shares reversed their earlier declines to close slightly higher on Tuesday, with energy stocks limiting broader gains, while investors weighed the potential impact of a U.S. government shutdown on financial markets. The pan-European STOXX 600 closed 0.5% higher, in its third consecutive session of gains. The index logged a quarterly rise and a third month in positive territory, its best showing since May. London's FTSE 100 hit an intraday record high. Most sectors were on the rise, with media stocks gaining 1.2% and retail up 1.1%. Industrial and healthcare stocks provided the...
US stocks were little changed on Tuesday, with the three major indexes hovering around the flatline as investors adopted a cautious stance ahead of a potential government shutdown that could disrupt the release of key labor data later this week. The government faces the risk of shutting down tomorrow if Democrats and Republicans fail to reach a deal today, putting Friday's payrolls report at risk. Traders also awaited the JOLTS job openings data due later in the day. Energy and communication services were the worst performing sectors while utilities outperformed. Microsoft (-0.6%), Amazon...
The Hang Seng climbed 233 points, or 0.9%, to close at 26,855 on Tuesday, reversing early losses to hit a two-week high on broad-based gains. The index jumped 7% in September, its fifth straight monthly advance, and posted a third quarterly gain of 11.6%, fueled by AI optimism, strong inflows, and bets of fresh policy support from Beijing ahead of the October plenum. Still, upside was capped by U.S. political uncertainty, with Vice President Vance warning the government was "headed to a shutdown" amid stalled budget talks. Profit-taking also weighed as traders braced for China's week-long...
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...