European stocks continued their gains for a second consecutive session on Tuesday (June 5), with the STOXX 50 and STOXX 600 rising 0.4%. Investors continued to shift their focus to corporate earnings while closely monitoring global trade developments. Meanwhile, market participants are increasingly anticipating a potential interest rate cut by the Fed. In the corporate sector, BP shares rose 1.1% after the oil major reported better-than-expected second-quarter earnings. Diageo jumped 6% after reaffirming its full-year forecast, while DHL jumped 5% following a solid profit...
The Hang Seng rose 169 points or 0.7% to close at 24,902 on Tuesday, reversing early losses and marking its second consecutive session of gains. Sentiment improved after a private survey showed China's services activity grew at the fastest pace in 14 months in July, supported by rises in new orders, foreign sales, and employment. A rally on Wall Street also lifted mood, as weaker U.S. jobs data fueled bets on a Fed rate cut in September. Gains were broad-based, led by financials, tech, and consumers, as investors looked past weather-related disruptions in Hong Kong, including heavy rain...
Wall Street futures opened higher on Tuesday, supported by ongoing optimism over potential Federal Reserve interest rate cuts, while investors assessed a fresh batch of corporate earnings. The Dow Jones Industrial Average (.DJI), opens new tab rose 26.4 points, or 0.06%, at the open to 44200.07. The S&P 500 (.SPX), opens new tab rose 6.7 points, or 0.11%, to 6336.63, while the Nasdaq Composite (.IXIC), opens new tab rose 38.5 points, or 0.18%, to 21092.097. Source: Reuters