The dollar headed for a second straight weekly gain against major peers, buoyed by some solid U.S. economic data that supported the view the Federal Reserve can afford to wait a while longer before cutting interest rates again. The yen remained on the back foot heading into upper house elections on Sunday in Japan, with polls suggesting the ruling coalition is at risk of losing its majority - a development that would stir policy uncertainty and complicate tariff negotiations with the U.S. Bitcoin hovered just above $120,000, after this week pushing to an all-time peak of $123,153.22, with...
European stocks edged higher on Wednesday as investors looked to a ceasefire between Israel and Iran as a sign of easing tensions. The pan-European STOXX 600 index (.STOXX), was up 0.2% at 542.12 points, as of 0704 GMT. Other major regional indexes were also trading higher, except for Spain's (.IBEX), which fell 0.3%. A truce brokered by U.S. President Donald Trump between Iran and Israel appeared to be holding on Wednesday, a day after both countries signaled that their air war was over, at least for now. Trump's Middle East envoy said late Tuesday that talks between the U.S. and Iran...
Japanese stocks rose after the close on Wednesday (6/25), as gains in the Real Estate, Banking and Textile sectors boosted shares. At the close of trading in Tokyo, the Nikkei 225 rose 0.40% to hit a fresh 3-month high. The best performers on the Nikkei 225 were Taiyo Yuden Co., Ltd. (TYO:6976), which rose 7.16% or 167.00 points to trade at 2,501.00 at the close. Meanwhile, Pacific Metals Co., Ltd. (TYO:5541) rose 4.08% or 66.00 points to close at 1,685.00 and SUMCO Corp. (TYO:5541) gained 4.08% or 66.00 points to close at 1,685.00. (TYO:3436) rose 3.93% or 41.50 points to close at...
Hong Kong shares rose 205 points, or 0.9%, to 24,385 in early trade on Wednesday (6/25), marking a fourth straight session of gains and maintaining a two-week high. The gains followed an overnight rally on Wall Street, which was driven by optimism that a US-brokered ceasefire between Israel and Iran would hold. Investors also cheered remarks by Fed Chairman Jerome Powell that the central bank is committed to containing inflation and will likely keep interest rates steady until the impact of tariffs becomes clearer. Sentiment was further supported by a third straight day of gains in mainland...
Asia-Pacific markets traded mixed on Wednesday, as investors digested a ceasefire between Israel and Iran, as well as fresh comments from the U.S. Federal Reserve. There was growing optimism that a truce between Israel and Iran brokered by U.S. President Donald Trump is likely to hold. Australia's S&P/ASX 200 was flat. South Korea's Kospi rose 0.31%, while the small-cap Kosdaq fell 0.21%. Japan's benchmark Nikkei 225 index rose 0.11%, while the Topix fell 0.13%. Hong Kong's Hang Seng Index rose 0.66% and mainland China's CSI 300 was flat. U.S. futures were nearly flat. Futures tied...
The Nikkei 225 edged up 0.1% to above 38,800 on Wednesday, while the broader Topix index fell 0.2% to 2,776, as Japanese equities struggled for direction amid geopolitical uncertainty. Investors weighed the sustainability of a U.S.-brokered ceasefire between Iran and Israel, with intelligence reports suggesting a recent U.S. missile strike failed to completely destroy Iran's main nuclear facility. Market participants also digested fresh comments from Fed Chair Powell, who reiterated the Fed's commitment to taming inflation and signaled that interest rates would likely remain unchanged until...
The S&P 500 closed higher Tuesday, underpinned by de-escalating Middle East tensions amid an Iran-Israel ceasefire and remarks by Federal Reserve chairman Jerome that kept the door open to rate cuts. By 4:00 p.m. ET (20:00 GMT), the Dow Jones Industrial Average traded 536 points, or 1.3%, higher, the S&P 500 index gained 1.2%, and the NASDAQ Composite advanced 1.6%. Iran-Israel ceasefire optimism boosts Wall StreetInvestors have been boosted by U.S. President Donald Trump declaring earlier Tuesday, via social media, that the ceasefire between Israel and Iran is now "in effect,"...
European stock markets closed higher in Tuesday trading as the Stoxx Europe 600 rose 1.11%, Germany's DAX advanced 1.60%, the FTSE 100 gained 0.01%, France's CAC 40 increased 1.04%, and the Swiss Market Index was up 1.13%. In Germany, the ifo Business Climate Index for June rose to 88.4 points in June from 87.5 points in May, indicating that companies felt slightly more positive and that the German economy is slowly gaining confidence. The reading also topped the analyst forecast of 88.1, according to Bloomberg. And in corporate news, the Spanish government cleared Banco Bilbao Vizcaya...
Stocks rose while oil prices fell on Tuesday morning, as investors bet that a delicate ceasefire between Israel and Iran would hold. The Dow Jones Industrial Average climbed 305 points, or 0.7%. The S&P 500 gained 0.7%, and the Nasdaq Composite advanced 1%. Oil prices were sharply lower for a second-straight day. U.S. crude oil slipped more than 4%, alongside international benchmark Brent. A day earlier, U.S. crude oil fell more than 7%. Airline stocks were higher as oil pulled back, with shares of United Airlines, Frontier and Delta all climbing more than 2%. Broadcom and Nvidia...
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....