The EUYR/USD finished Friday's session with gains of over 0.26% amid a weaker US Dollar, following dovish comments by Fed Governor Christopher Waller, which weighed on US Treasury yields. Still, an improvement in Consumer Sentiment capped the Euro's gains, with the pair trading at 1.1626 at the time of writing. Wall Street ended the session on a higher note, as investors cheered comments by Waller, who favors a rate cut in July. Despite this, recent comments by Chicago Fed President Austan Goolsbee showed that he has moderated his dovish stance, stating that he's wary due to the latest CPI...
US stocks closed sharply higher on the first trading day of the week, following a rally in Treasury securities as the market eased concerns that a renewed trade war could hurt corporate prospects. The S&P 500 rose 2% while the Dow jumped 1.8% and the Nasdaq 100 gained 2.4%. President Donald Trump delayed 50% tariffs on the European Union until July 9 and sounded a positive tone about the possibility of a trade deal to avoid new obstacles. Meanwhile, long-dated Treasuries enjoyed some respite as Japan signaled it would reduce issuance of long-curve notes, helping credit-sensitive stocks...
European stocks closed higher on Tuesday, extending their sharp gains from the previous session amid easing trade war concerns with the United States and fresh support from the defense sector. The STOXX 50 gained 0.6% to close at 5,425 and the pan-European STOXX 600 gained 0.5% to 553. U.S. President Trump said European Union officials were rapidly holding talks for a trade deal with the U.S., aiming to roll back tariffs imposed by the White House and adding to the president's positive rhetoric on trade that had sent stocks sharply higher in the previous session. On the economic front,...
The Hang Seng rose 100 points or 0.4% to close at 23,382 on Tuesday, partly recovering from the prior session's slump amid broad-based sector gains. Sentiment was lifted by data showing a pickup in China's industrial profits for April, suggesting resilience despite ongoing U.S. trade tensions and deflation risks. A rally in U.S. futures also supported the mood as Wall Street was set to reopen after Monday's break. Meantime, President Trump backed away from his threat to impose 50% tariffs on EU imports, restoring the original July 9 deadline. However, gains were capped by Hong Kong's April...
European shares remained stable on Tuesday, supported by defence stocks after U.S. President Donald Trump threatened additional sanctions on Russia, though broader gains were restrained by ongoing caution over U.S. trade policy shifts. The continent-wide STOXX 600 index held its ground at 551.53 points, as of 0711 GMT. The benchmark closed 1% higher in the previous session after Trump extended the tariff deadline on the European Union to July 9 from June 1. Europe's defence index rose 1% on the day after President Trump said he would recommend additional sanctions on Moscow, amid...
Japan stocks were higher after the close on Tuesday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.58%. The best performers of the session on the Nikkei 225 were Kawasaki Heavy Industries, Ltd. (TYO:7012), which rose 4.61% or 438.00 points to trade at 9,949.00 at the close. Meanwhile, TDK Corp (TYO:6762) added 3.12% or 47.50 points to end at 1,570.50 and Furukawa Electric Co., Ltd. (TYO:5801) was up 3.03% or 197.00 points to 6,695.00 in late trade. The worst performers of the session were Rakuten Inc (TYO:4755),...
Hong Kong stocks added 35 points or 0.15% in early trade on Tuesday, hovering near 23,312 after a sharp drop in the previous session. Investors reacted to fresh data from China showing industrial profits rose 1.4% in the first four months of 2025, up from 0.8% in Q1, as Beijing ramped up efforts to support the sluggish economy and counter rising trade risks. On the trade front, Hong Kong's exports jumped 14.7% in April, but imports rose a faster 15.8%, widening the trade gap. Meanwhile, Fitch Ratings affirmed Hong Kong's long-term foreign currency issuer default rating at AA- with a...
Asia-Pacific markets traded mixed Tuesday as investors continued to assess global trade climate with U.S. President Donald Trump deferring 50% tariffs on European Union imports. Japan's benchmark Nikkei 225 fell 0.21% while the broader Topix index was flat. In South Korea, the Kospi index declined 0.45%, reversing course from its three-month high in Monday's session, while the small-cap Kosdaq was flat. Mainland China's CSI 300 index rose 0.1% while Hong Kong's Hang Seng Index was up 0.2%. China's industrial profits rose 1.4% in April, compared to 0.8% the month before. Over in...
Japanese stocks are lower as uncertainty over U.S. trade policy continues. Electronics stocks are leading declines. Renesas Electronics declines 1.5% and Keyence is 1.0% lower. Japanese government bond yields decline across the curve. The 10-year yield falls 2 basis points at 1.485% and the 40-year yield is down 10 basis points at 3.435%. USD/JPY is at 142.41, down from 142.77 as of Monday's Tokyo stock market close. Investors are closely watching any developments related to U.S. tariffs. The Nikkei Stock Average fell 0.2% to 37462.07 Source: Bloomberg
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....