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...
The S&P 500 hovered near the flatline on Tuesday, while the Nasdaq rose 0.2% and the Dow Jones Industrial Average fell about 150 points, as enthusiasm for a 90-day U.S.-China tariff truce faded and investors digested the latest CPI report. April inflation was lower than expected, suggesting the impact of tariffs has not yet fully materialized.In response, traders increased bets on about a 55 basis point Fed rate cut this year. Consumer discretionary and technology stocks led gains, while health care underperformed. UnitedHealth shares plunged nearly 13% to a four-year low around $330...
The Hang Seng tumbled 441 points or 1.9% to close at 23,108 on Tuesday, ending an eight-sessions of gains as all sectors fell. Despite a Sino-U.S. trade truce that exceeded market expectations, traders grew uneasy about what may follow once temporary pause ends. Profit-taking also weighed on the market after the index hit a 1-1/2-month high in the prior session. A drop in U.S. futures further dented sentiment, ahead of key inflation data later today. Meanwhile, concerns over deflation risks in China mounted, as consumer prices fell for the third month in April and producer prices saw a...
European stock markets opened in positive territory on Tuesday (5/13) as uncertainty over the global trade outlook persisted despite a 90-day pause in the tariff dispute between the U.S. and China. The pan-European Stoxx 600 was 0.26% higher at 8:15 a.m. in London. The U.K.'s FTSE 100 was 0.12% higher, France's CAC 40 was 0.06% higher and Germany's DAX was up 0.16%. This comes after global markets rallied on Monday following news that Washington and Beijing had agreed to cut high tariffs for 90 days, raising hopes that a full-blown trade war could be averted. Asia-Pacific markets...
Japanese stocks rose after the close on Tuesday (5/13), as gains in the Real Estate, Banking and Textile sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 gained 1.54%. The best performers on the Nikkei 225 were Furukawa Electric Co., Ltd. (TYO:5801), which rose 13.84% or 681.00 points to trade at 5,601.00 at the close. Meanwhile, Denka Co Ltd (TYO:4061) rose 9.84% or 191.00 points to close at 2,132.50 and Mitsubishi Motors Corp. (TYO:7211) gained 8.34% or 34.60 points to 449.60 at the close. The worst performers on the session were Sharp Corp (TYO:6753), which fell...
Hong Kong shares plunged 343 points, or 1.5%, to 23,205 during the morning session on Tuesday, ending an eight-day winning streak as investors locked in profits after the Hang Seng hit a 1-1/2-month high. U.S. futures also edged lower ahead of a key inflation report. At the same time, concerns over persistent deflation in China resurfaced after consumer prices fell for a third straight month in April, while factory-gate prices posted their sharpest drop in six months. However, losses were somewhat tempered by a significant lull in U.S.-China trade tensions after high-level talks, with 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...
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...