The Nikkei 225 Index dropped 1.3% to below 37,500 while the broader Topix Index lost 0.9% to 2,777 on Monday, declining for the second consecutive session as renewed tariff threats from US President Donald Trump rattled markets. Market jitters were triggered by Trump's announcement of plans to double tariffs on steel imports to 50%, effective June 4. The news weighed heavily on Japanese steelmakers, with JFE Holdings and Kobe Steel dropping 1.8% and 1.0%, respectively. Nippon Steel slipped 0.5%, cushioned somewhat by Trump's praise of its proposed merger with US Steel. Losses extended...
U.S. stocks fluctuated on Friday, ending a volatile but strong May as investors weighed fresh trade tensions with China and cooling inflation data. The S&P 500 ended nearly flat after falling more than 1% intraday, while the Nasdaq fell 0.4% and the Dow rose 107 points. The market swings were triggered after President Trump accused China of violating their latest trade deal, with reports further pressuring that the administration plans to expand technology restrictions targeting Chinese companies. Trade talks appeared to have stalled, and legal uncertainty surrounding Trump's tariff...
Both the STOXX 50 and STOXX 600 closed near the flatline on Friday (5/30) but rose more than 3.5% in May, marking their strongest monthly performance since January. The rally was led by the oil & gas, health care and utilities sectors. Investors digested the latest inflation data from the euro zone's largest economies, with CPI figures showing a decline in inflation in Germany, Italy and Spain, potentially giving the ECB more room to cut borrowing costs at its next meeting next week. At the same time, rising uncertainty over the ongoing U.S. trade dispute kept further gains at bay. A...
Wall Street's main indexes opened lower on Friday as trade worries deepened after U.S. President Donald Trump accused China of violating a tariff agreement, while investors assessed the latest inflation data. The Dow Jones Industrial Average (.DJI), opens new tab fell 23.4 points, or 0.06%, at the open to 42,192.35. The S&P 500 (.SPX), opens new tab fell 8.5 points, or 0.14%, at the open to 5,903.67, while the Nasdaq Composite (.IXIC), opens new tab dropped 44.7 points, or 0.23%, to 19,131.219 at the opening bell. Source: Reuters