Asia-Pacific markets traded mixed Thursday as investors assessed the U.S.′ blanket 15% tariffs on imports from South Korea and awaited details on the Bank of Japan's policy decision. Japan's central bank is widely expected to stand pat on short-term interest rates at 0.5% for the fourth consecutive time, when its two-day policy meeting concludes later in the day. Japan's Nikkei 225 benchmark moved up 0.21% while the broader Topix index ticked up 0.28%, as of 8.10 a.m. Singapore time (8.10 p.m. ET Wednesday). In South Korea, the Kospi index fell 0.14% while the small-cap Kosdaq was...
U.S. stocks were mixed after the close on Wednesday, as gains in the Utilities, Technology and Telecoms sectors led shares higher while losses in the Basic Materials, Oil & Gas and Consumer Goods sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average declined 0.38%, while the S&P 500 index lost 0.12%, and the NASDAQ Composite index gained 0.15%. The best performers of the session on the Dow Jones Industrial Average were NVIDIA Corporation (NASDAQ:NVDA), which rose 2.15% or 3.78 points to trade at 179.29 at the close. Meanwhile, Unitedhealth Group...
The pan-European Stoxx 600 index provisionally closed just below the flatline on Wednesday, with sectors diverging as second quarter earnings season ramped up. The U.K.'s FTSE 100 finished flat, while France's CAC 40 nudged 0.06% higher, and Germany's DAX rose 0.23%. The euro extended its recent slide against the U.S. dollar, taking losses since the EU-U.S. trade deal announcement over the weekend to 2.3%. The U.S. dollar index was 0.6% higher following better-than-expected economic growth data and ahead of the Federal Reserve's interest rate decision. Source : CNBC
The S&P 500 edged up 0.1% and the Nasdaq 0.3% on Wednesday (July 30), while the Dow Jones Industrial Average hovered near the flatline, as investors awaited the Fed's policy decision and assessed key economic data. The Fed is expected to keep its benchmark interest rate unchanged, with the market closely monitoring its outlook for the remainder of the year, especially after preliminary data showed US GDP grew stronger than expected by 3% in Q2, reinforcing signs of a resilient economy. Furthermore, ADP data showed the US private sector added 104,000 jobs in July, significantly higher...