Hamas officials were in Egypt on Monday (October 6th) ahead of talks with Israel that the US hopes will lead to an end to the war in Gaza and the release of hostages, despite contentious issues such as the disarmament of Palestinian militant groups under Donald Trump's plan. Israeli negotiators were also scheduled to travel to the Egyptian Red Sea resort of Sharm el-Sheikh later in the day to discuss the hostages' release, part of the US president's 20-point blueprint for ending the two-year conflict. The Israeli delegation includes officials from the Mossad and Shin Bet intelligence...
The three major averages in the US swung between small gains and losses on Thursday, as investors weighed ongoing concerns about the nation's fiscal outlook. The House narrowly passed President Trump's new tax bill, which is expected to widen the budget deficit by nearly $3 billion over the next decade and includes a $4 trillion increase in the US debt ceiling. The legislation now heads to the Senate, with a vote anticipated by August. Meanwhile, market participants are monitoring developments on the trade front and awaiting the release of flash S&P Global PMI data, which will offer an...
The Hang Seng fell 283 points or 1.2% to close at 23,544 on Thursday, ending a two-day winning streak amid losses in global stocks following a sell-off on Wall Street due to concerns over U.S. fiscal stability. Meanwhile, President Trump pushed to pass a major spending and tax-cut package through Congress. The index retreated from a near two-month high, with sharp declines in tech, property, and consumer stocks. Limiting further weakness were reports that Morgan Stanley raised its 2025 GDP forecast for China to 4.5% and 4.2% for 2024, citing easing Sino-U.S. trade tensions and expected...
Japan stocks were lower after the close on Thursday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 0.92%. The best performers of the session on the Nikkei 225 were Furukawa Electric Co., Ltd. (TYO:5801), which rose 11.33% or 635.00 points to trade at 6,238.00 at the close. Meanwhile, Sumitomo Electric Industries Ltd. (TYO:5802) added 2.61% or 68.50 points to end at 2,693.00 and Mitsubishi Logistics Corp. (TYO:9301) was up 2.33% or 25.50 points to 1,118.00 in late trade. The worst performers of the...
Europe stocks fall at open; EasyJet shares down 3% after earningsIt's ten minutes after the opening bell, and European markets are trading in negative territory. The pan-European Stoxx 600 index is 0.5% lower, with almost every sector in the red. Looking at regional bourses, the German DAX and French CAC 40 are both down by around 0.5%, while London's FTSE 100 has shed 0.4%. EasyJet reported a loss for the first six months of the year, but said current bookings indicate it will meet expectations for full-year profit. The airline said it made a pre-tax loss of £394 million ($529 million)...
Shares in Hong Kong fell 105 points or 0.4% to 23,717 on Thursday morning session, snapping gains in the prior two sessions following a tumble on Wall Street overnight as concerns mounted that a new budget bill in the U.S. would put more stress on an already large deficit. Markets retreated from their nearly two-month highs, hit the previous day, as broad-based losses across all sectors particularly property, consumer, and tech weighed on sentiment. Limiting further falls were upbeat notes from UBS highlighting a sharp revival in Hong Kong's IPO market in 2025, with year-to-date proceeds...
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...
Hamas officials were in Egypt on Monday (October 6th) ahead of talks with Israel that the US hopes will lead to an end to the war in Gaza and the release of hostages, despite contentious issues such...