European stocks edged higher on Tuesday, with the STOXX 50 up 0.3% and the STOXX 600 gaining 0.1%, as markets attempted to recover from modest losses in the previous session. Trade developments remained in focus, with investors closely monitoring potential deals that could ease tariff pressures. US President Trump announced a 30% tariff on imports from the European Union starting August 1st, prompting the bloc to continue to seek a trade agreement. Gains were seen in the autos and tech sectors, while telecom stocks declined. Corporate earnings were also in the spotlight. Shares of Ericsson...
The Hang Seng Index surged 387 points, or 1.6%, to close at 24,590 on Tuesday (July 15), rising for a fourth straight session and reaching its highest level in nearly four months. The index rebounded from an initial decline as all sectors advanced, led by strong performance in technology and consumer stocks. The technology index surged 2.8%, driven by solid gains in Kuaishou Technology (3.8%), Meituan (3.5%), and Tencent Holdings (2.3%), after Nvidia expressed hope of soon resuming sales of its H20 general-purpose chip to China. Consumer, property, and financial stocks also rose, as...
The S&P 500 rose 0.4% and the Nasdaq rallied 0.8% on Tuesday (July 15), while the Dow Jones Industrial Average hovered around the flatline, as the latest CPI report reinforced speculation that the Fed has room to cut interest rates this year. Headline inflation rose in line with forecasts, both annually and monthly. However, core inflation came in lower than expected for both measures, suggesting that underlying price pressures, particularly those related to recently imposed tariffs, remain contained for now. Meanwhile, Nvidia shares jumped nearly 5% after the company announced plans...