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...
Asia-Pacific markets traded mixed as investors assessed U.S. President Donald Trump's declaration that a trade deal with China was "done." Chinese imports would invite 55% tariffs, Trump suggested. Commerce Secretary Howard Lutnick confirmed that tariffs on China will stay at that level. Japan's benchmark Nikkei 225 was down 0.10% while the broader Topix added 0.12%. South Korea's Kospi climbed 0.34%, and the small-cap Kosdaq was little changed. Australia's S&P/ASX 200 was up 0.25%. Futures for Hong Kong's Hang Seng index last traded at 24,252, pointing to a weaker open compared to...
Stock futures were relatively unchanged on Wednesday after the S&P 500 saw its first negative session in four. S&P 500 futures traded down by 0.1%, along with Nasdaq 100 futures tied to the Dow Jones Industrial Average dropped 44 points, or 0.1%. In extended trading, shares of Oracle surged more than 7% after its fiscal fourth-quarter results beat on the top and bottom lines. The company also indicated more cloud growth ahead, saying in a statement that cloud infrastructure revenue will rise by more than 70% in fiscal 2026, up from a 50% growth rate in the prior fiscal...
The three major U.S. indexes hovered around the flatline on Wednesday as traders digested a weaker-than-expected CPI report and digested the latest developments in the U.S.-China trade war. All major inflation measures came in below expectations, suggesting that consumers are yet to feel the impact of President Trump's tariffs, perhaps because the most severe duties are still on hold or because businesses are still absorbing the extra costs. The data bolstered views that the Fed could cut interest rates twice this year. Meanwhile, President Trump said a trade deal with China was done....
The Hang Seng rose 184 points, or 0.8%, to close at a nearly three-month high of 24,349 on Wednesday, recovering from a slight decline in the previous session while extending its upward momentum since early June amid broad sector strength. Optimism grew over progress in U.S.-China trade talks, although further details on an agreed framework were awaited. Significant gains in mainland stocks also lifted sentiment, helping offset a mild decline in U.S. futures ahead of key inflation data. In corporate news, Chinese automakers pledged to shorten supplier payment terms amid an escalating price...
European shares were subdued on Wednesday ahead of a crucial inflation report out of the U.S., while investors assessed the impact of a potential U.S.-China agreement on the trade war. The pan-European STOXX 600 was up 0.1% at 553.85 points at 0705 GMT. Late on Tuesday, U.S. and Chinese officials said they had agreed on a framework to put their trade truce back on track and remove China's export restrictions on rare earths, and remove some from the U.S. The agreement will be taken back to the leaders of the two countries for approval. In Europe, carmakers that would benefit from the...
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,...