European markets closed lower on Monday as investors assessed the economic outlook following signals from Federal Reserve Chairman Jerome Powell that interest rate cuts may be coming soon. The pan-European STOXX 600 dropped 0.5% at the start of trading, with most regional indexes trading in negative territory. Germany's DAX also declined 0.5%, while France's CAC 40 tumbled 1.6%. U.K. markets remained closed for a public holiday. Shares of Danish windfarm developer Oersted AS (CSE:ORSTED) plunged more than 16% after U.S. authorities ordered the company to halt construction on a nearly...
Stocks in the US closed lower on Monday as investors took a breather from last week's powerful rally and turned their focus to Nvidia's highly anticipated earnings report due Wednesday. The S&P 500 slipped 0.3% and the Dow Jones fell 349 points after last week's record-setting surge, and the Nasdaq 100 finished 0.4% lower. Consumer staples, health and utilities sectors dragged the most. Nvidia, which accounts for 8% of the S&P 500 rose 1%, while Intel shares lost 1% after news that the US government had taken a 10% stake in the company, part of a broader Trump administration push...
Asia-Pacific markets mostly fell Tuesday, tracking losses on Wall Street, as investors weighed U.S. President Donald Trump's comments on China. Investors also assessed the meeting between South Korean and U.S. presidents over fleshing out the trade deal framework announced last month that stipulated 15% tariffs on the Asian country's exports to the U.S. The Kospi index fell 0.56%, while the small-cap Kosdaq was up 0.36%. In Japan, the Nikkei 225 as well as the broader Topix index fell 0.54%. Australia's S&P/ASX 200 benchmark was marginally lower in early trade. Futures for Hong...