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...
Hong Kong shares were little changed on Thursday morning, holding near 25,174 after a modest gain in the previous session. Investors digested minutes from the latest FOMC meeting, which struck a hawkish tone amid lingering inflation risks. Meanwhile, U.S. President Trump reportedly called on Fed Governor Lisa Cook to resign over allegations of providing false information to secure favorable mortgage terms. In China, equities extended gains as funds rotated into stocks despite ongoing U.S. trade tensions, while Beijing pressed ahead with curbs on excessive competition. Sector performance...
Japanese stocks are lower in early trade after U.S. tech stock selling continued overnight. Pharmaceutical and auto stocks are leading the declines. Daiichi Sankyo is down 5.6% and Honda Motor is 1.7% lower. USD/JPY is at 147.37, compared with 147.23 as of Wednesday's Tokyo stock market close. Investors are watching for any developments related to the war in Ukraine and domestic politics. The Nikkei Stock Average is down 0.2% at 42790.90. Source: Marketwatch
Asia-Pacific markets mostly rose as investors assessed the four-day losing streak for the S&P 500, led by declines in tech stocks. Investors in the region are awaiting India's HSBC Composite flash purchasing managers' index reading for August, which provides an early snapshot of the performance of the private sector economy, expected later in the day. Economists polled by Reuters expect it to come in at 60.5, compared with 61.1 in the month before. Japan's Nikkei 225 was down 0.21% in early trade, while the broader Topix index ticked down 0.4%. In South Korea, the Kospi index rose...
US equities fell on Wednesday as skepticism on grounds for future AI returns pressured tech companies, while markets assessed earnings from retailers and FOMC minutes. The S&P 500 and the Nasdaq 100 lost 0.5% and 1%, respectively, while the Dow was slightly lower. Magnificent 7 companies fell further for a second session, coinciding with research noting that most AI firms will not be profitable. Nvidia, Meta, and Alphabet were over 1% down. In turn, retail earnings were mixed. Target slumped 10% as it revealed a new CEO, despite beating earnings, while Estee Lauder lost 4% on a...
European indices were mixed on Wednesday following a tech-led selloff on Wall Street, while U.K. inflation came in hotter than expected, raising doubts over future monetary easing by the Bank of England. The DAX index in Germany dropped 0.7%, while the CAC 40 in France slipped 0.1% and the FTSE 100 in the U.K. rallied 1.1%. Tech-led weakness European markets have followed their Asian counterparts lower on Wednesday, following the overnight weakness on Wall Street after tech stocks fretted about President Donald Trump's growing influence over the sector. U.S. Commerce Secretary Howard...
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...