Hong Kong's stock market ended lower Thursday with the benchmark Hang Seng Index down 0.2 percent to close at 21,814.37 points. The Hang Seng China Enterprises Index fell 0.69 percent to end at 8,002.63 points, and the Hang Seng Tech Index fell 0.87 percent to end at 5,235.28 points. Source: Bloomberg
US stocks edged higher on Thursday, with the three major averages up around 0.1%, as investors weighed President Trump's trade policies, corporate earnings, and key inflation data. While PPI figures exceeded forecasts, components feeding into the PCE index slowed, providing some relief after hotter-than-expected inflation data released yesterday. Meanwhile, Trump is set to announce reciprocal tariffs later today. Consumer discretionary and materials led gains, while energy lagged. On the earnings front, Cisco surged over 4% after reporting better-than-expected earnings and revenue, while...
European stocks closed sharply higher on Thursday, extending this week's strong momentum on the back of strong earnings reports and hopes that Ukraine may soon be on the way out, as investors weighed how new U.S. tariffs could affect European growth. The eurozone STOXX 50 jumped 1.7% to 5,500, its first closing high in 25 years, and the pan-European STOXX 600 gained 1.1% to 554. U.S. President Trump announced upcoming talks with Russian President Putin to negotiate a resolution to the ongoing conflict starting in 2022. Auto stocks led the gains with Mercedes Benz, Volkswagen, up between 7%...