European shares inched up on Wednesday on gains in Airbus shares, while sentiment remained cautious ahead of a deadline for U.S. trading partners to make their "best offers" and as the U.S. levies on steel and aluminium imports kick in. Airbus SE (OTC:EADSY) shares rose 3.4% after Bloomberg News reported Chinese airlines are considering ordering hundreds of aircraft as soon as next month. The pan-European STOXX 600 rose 0.3% by 0707 GMT, having rallied about 15% from its early April lows as U.S. President Donald Trump paused sweeping tariffs and struck a trade agreement with the...
The Hang Seng rose 141 points or 0.6% to close at 23,654 on Wednesday, marking a second straight day of gains amid optimism that an upcoming call between U.S. President Trump and China's Xi Jinping could ease trade tensions. The deadline also loomed for U.S. trading partners to submit proposals to avoid steep tariffs set to take effect in five weeks. Hong Kong's healthcare index led sector gains, up around 3% as investors bet on earnings growth from innovative drug makers. Innovent Biologics surged 13.8%, followed by CSPC Pharma (2.8%), Hansoh Pharma (2.6%), and Wuxi Biologics (1.6%)....
U.S. stocks inched up in choppy trading on Wednesday after weaker-than-expected private payrolls data deepened concerns about the Trump administration's erratic trade policies pressuring the labor market. The Dow Jones Industrial Average (.DJI), opens new tab rose 54.5 points, or 0.13%, at the open to 42,574.13. The S&P 500 (.SPX), opens new tab rose 8.6 points, or 0.14%, at the open to 5,978.94, while the Nasdaq Composite (.IXIC), opens new tab rose 36.0 points, or 0.19%, to 19,434.94 at the opening bell. Source: Reuters