European stock markets closed higher in Tuesday trading as the Stoxx Europe 600 was up 0.33%, Germany's DAX climbed 1.03%, the FTSE 100 gained 0.60%, France's CAC 40 advanced 0.72%, and the Swiss Market Index rose 0.37%. In Spain, GDP rose 0.7% in Q2 compared with 0.6% the previous quarter, according to the Spanish Statistical Office. Analysts expected the rate to remain at 0.6%, according to Bloomberg. In corporate news, Novo Nordisk reported Q2 earnings Tuesday of 5.96 Danish krone ($0.92) per diluted share. Analysts polled by FactSet expected 6.04 krone per share. Sales for the quarter...
The Dow Jones Industrial Average (DJIA) softened on Tuesday, falling back for a second straight day as bullish-prone equity markets pivot into a defensive stance ahead of the latest interest rate decision from the Federal Reserve (Fed). A raft of key United States (US) economic data is stuffing the chute through the rest of the week, with Gross Domestic Product (GDP), US Personal Consumption Expenditure Price Index (PCE) inflation, and the latest Nonfarm Payrolls report. The Dow Jones slipped back below 44,800, shedding around 200 points and backsliding four-tenths of one percent on the...
Asia-Pacific markets opened mixed as U.S. Commerce Secretary Howard Lutnick affirmed that President Donald Trump's upcoming Friday deadline to impose major tariffs on a slew of trading partners will not be delayed further. However, Lutnick noted that trade negotiations with China are progressing on a separate timeline, he said on CNBC's "Squawk Box." Japan's benchmark Nikkei 225 was flat at the open, while the Topix inched higher 0.1%. South Korea's Kospi gained 0.48%, and the small-cap Kosdaq rose 0.42%. Australia's S&P/ASX 200 lost 0.19%. Source: CNBC