Asia-Pacific markets rose on Monday on optimism that U.S.-China trade tensions could ease after the two superpowers held talks in Switzerland over the weekend.
Both countries touted a positive conclusion to high-stakes trade talks, with U.S. officials touting a deal to reduce their trade deficit, while Chinese leaders said they had reached an "important consensus."
U.S. Treasury Secretary Scott Bessent noted that the talks resulted in "significant" productivity gains. Meanwhile, Chinese Vice Premier He Lifeng said a joint statement containing "good news for the world" would be released on Monday.
Mainland China's CSI 300 Index rose 0.42% in early trade, while Hong Kong's Hang Seng Index gained 0.86%.
Japan's benchmark Nikkei 225 index rose 0.29% while the broader Topix index was flat. In South Korea, the Kospi index rose 0.59% while the small-cap Kosdaq index gained 0.47% in choppy trading. In Australia, the benchmark S&P/ASX 200 index rose 0.4%. Investors will be keeping a close eye on Indian stocks, following India's ceasefire with Pakistan over the weekend. The two rivals have been locked in a fierce exchange of fire — the worst in nearly three decades — with missiles and drones fired at each other's military installations.
U.S. futures jumped as investors awaited more details on a trade deal between the U.S. and China.
That followed a decline in all three major Wall Street benchmarks on Friday.
The 30-share Dow Jones Industrial Average fell 119.07 points, or 0.29%, to close at 41,249.38. Meanwhile, the broad-based S&P 500 index fell 0.07%, closing at 5,659.91, while the Nasdaq Composite ended the session little changed, ending at 17,928.92. (Newsmaker23)
Source: CNBC
US stocks closed lower on Friday after weaker-than-expected August jobs data raised concerns about a slowing economy, even as expectations for Federal Reserve rate cuts firmed. The S&P 500 gave u...
European stocks closed on Friday, tracking the pullback in US equities after pessimistic labor data from the US sounded alarms over the world's largest economy. The Eurozone's STOXX 50 dropped 0.6% to...
US stocks rallied on Friday (September 5th), with the S&P 500 rising 0.4% and the Nasdaq gaining 0.6% to new record highs, while the Dow Jones Industrial Average rose nearly 100 points as a weak j...
Asia-Pacific markets opened higher Friday after U.S. President Donald Trump signed an executive order Thursday formalizing a lower Japanese auto import tariff of 15%, down from 27.5%.The order also co...
The S&P 500 closed at a fresh record high after an afternoon boost pushed stocks solidly into the green as traders shook off weak private employment data earlier in the day. A big jobs report now ...
US stocks closed lower on Friday after weaker-than-expected August jobs data raised concerns about a slowing economy, even as expectations for Federal Reserve rate cuts firmed. The S&P 500 gave up earlier gains, ending 0.3% lower and below...
The U.S. dollar fell sharply against major peers on Friday after crucial monthly jobs data showed that American employers hired fewer workers than expected, which affirms weakening labor market conditions and likely guarantees a Federal Reserve...
Oil prices fell on Friday as a weak U.S. jobs report dimmed the outlook for energy demand, while swelling supplies may grow further after OPEC and allied producers meet over the weekend. Brent crude futures settled at $65.50 a barrel, down $1.49,...
The US Bureau of Labor Statistics (BLS) will release the Job Openings and Labor Turnover Survey (JOLTS) on Wednesday. This publication will provide...
President Volodymyr Zelenskiy will urge stronger pressure on Moscow when he meets with allies in Denmark and France on Wednesday after Russian...
Hiring at US companies was lower than expected in August, consistent with other evidence of weakening labor demand.
Private-sector jobs increased...
Asia-Pacific markets opened higher Friday after U.S. President Donald Trump signed an executive order Thursday formalizing a lower Japanese auto...