Treasury Secretary Scott Bessent expects a substantial drop in inflation during the first six months of 2026, according to statements made Tuesday on Fox Business. Bessent indicated that an announcement regarding President Trump's Federal Reserve chair selection would likely come in early January, with "one or two more Fed interviews" possibly taking place this week. When discussing potential candidates, Bessent noted that both Kevin Warsh and Kevin Hassett are "very very qualified" for the position. He rejected suggestions that Hassett would lack agency at the Federal Reserve, while...
European stocks traded sharply lower on Tuesday, with the Stoxx 50 down by around 1%. French stocks tumbled as political turmoil deepened after Prime Minister Francois Bayrou called a Sept. 8 confidence vote that could topple the government. The CAC 40 fell 1.9%, dragging down European benchmarks, while the FTSE 100 slipped 0.6% on reopening after a holiday. Opposition parties, including the far-right National Rally, France Unbowed, and the Greens, vowed to vote against Bayrou, leaving the government vulnerable. Broader European markets remain under pressure from sluggish growth and...
The Nikkei 225 Index dropped 0.97% to close at 42,394, while the broader Topix Index fell 1.08% to 3,072 on Tuesday, snapping a two-day advance and mirroring overnight weakness on Wall Street as investors locked in profits after last week's rally. Market sentiment was also dented by renewed trade tensions after US President Donald Trump reportedly threatened to impose "200% tariffs or something" on China if it failed to export rare-earth magnets to the US. Adding to uncertainty, Trump announced the removal of Federal Reserve Governor Lisa Cook over alleged mortgage fraud, raising fresh...
Hong Kong stocks fell 98 points, or 0.4% to 25,734 in Tuesday morning's session, snapping a two-day rally after Wall Street closed lower as traders weighed U.S. President Trump's tariff threats. Trump reportedly warned of "200% tariffs or something" on China if it limits rare-earth magnet exports, and vowed retaliation against countries targeting U.S. Big Tech, calling such moves "discriminatory." The Hang Seng pulled back from its highest in almost four years as caution grew ahead of China's January–July industrial profit data, with sentiment weighed by trade frictions, weak demand, and...
Nikkei Drops 0.6%, Dragged by Electronics, Pharma Stocks Japanese stocks are lower as uncertainty over U.S. tariffs and their impact on earnings continues. Electronics and pharmaceutical stocks are leading declines. Renesas Electronics is down 2.0% and Daiichi Sankyo is 1.9% lower. USD/JPY is at 147.27, compared with 147.17 as of Monday's Tokyo stock market close. Investors are focusing on any developments related to the war in Ukraine and domestic politics. The Nikkei Stock Average is down 0.6% at 42536.55. Source: Bloomberg
Asia-Pacific markets mostly fell Tuesday, tracking losses on Wall Street, as investors weighed U.S. President Donald Trump's comments on China. Investors also assessed the meeting between South Korean and U.S. presidents over fleshing out the trade deal framework announced last month that stipulated 15% tariffs on the Asian country's exports to the U.S. The Kospi index fell 0.56%, while the small-cap Kosdaq was up 0.36%. In Japan, the Nikkei 225 as well as the broader Topix index fell 0.54%. Australia's S&P/ASX 200 benchmark was marginally lower in early trade. Futures for Hong...
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...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...