The White House is tightening its pressure on Democratic lawmakers as the U.S. government shutdown enters its second week, saying it will give them another chance to agree on a spending bill before beginning mass layoffs of federal employees. With the Senate scheduled to vote Monday night for the fifth time on a stopgap bill to keep the government operating until November 21, Kevin Hassett, President Donald Trump's top economic adviser, argued that it's time for Democrats to be "reasonable." Trump has said he will use the government shutdown to lay off thousands more federal employees, who...
Hong Kong stocks rose 259 points, or 1.1%, to 23,368 in early trade on Wednesday, recovering from sharp losses in the previous session as most sectors rallied ahead of key earnings from major Chinese technology companies. The Hang Seng Tech Index led the gains, jumping 1.3%, after a rally in U.S. chipmakers overnight on news that Nvidia and AMD will supply semiconductors to Saudi firm Humain for data center projects. Ubtech Robotics jumped 3.3% after announcing a partnership with Huawei to launch humanoid robots in homes and factories. Consumer and financial stocks also posted solid gains,...
The Nikkei 225 index fell 0.1% to around 38,150 while the broader Topix index fell 0.4% to 2,761 on Wednesday, paring gains from earlier in the week as investors locked in profits after a strong rally. However, Japanese shares have recovered all of the losses since U.S. President Donald Trump announced his broad-based tariffs in early April as trade negotiations and a temporary easing of tariffs between the U.S. and China helped boost market sentiment. Investors also reacted to the latest economic data showing that Japanese producer prices rose 4% year-on-year in April, slowing from 4.2% in...
Asia-Pacific markets traded mixed on Wednesday after Wall Street's main benchmarks rose on easing US-China trade tensions. Japan's benchmark Nikkei 225 index slipped 0.68%, giving up gains after four straight positive sessions. South Korea's Kospi rose 0.53%. Australia's benchmark S&P/ASX 200 index was flat. Hong Kong's Hang Seng Index rose 0.96% while mainland China's CSI 300 traded flat. Wall Street bounced back after the US and China reached a temporary truce on tariffs earlier this week. The development sent stocks soaring with the Dow up more than 1,000 points on Monday. At...
The S&P 500 rose Tuesday, clawing back into positive territory for the year, as investors extended the sharp gains seen in the previous session due to easing U.S.-China trade tensions. The broad market index gained 0.72% to close at 5,886.55, while the Nasdaq Composite climbed 1.61% to end at 19,010.08. The Dow Jones Industrial Average lagged, losing 269.67 points, or 0.64%, as a nearly 18% drop in shares of UnitedHealth pressured the benchmark. Shares of Nvidia advanced 5.6% on news that the company would send 18,000 of its top artificial intelligence chips to Saudi Arabia. Peer chip...
European stocks closed higher on Tuesday, marginally extending the rally from the previous session on further support from the seemingly restored trade relationship between the United States and China. The Eurozone's STOXX 50 closed 0.4% higher at 5,411 and the pan-European STOXX 600 closed marginally above the flatline at 545. European equities had rallied the previous session after the US and China de-escalated their trade war for the next 90 days to renegotiate trade terms, supporting the macroeconomic backdrop for all industries. The auto sector led the gains with Volkswagen, BMW, and...
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...