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...
The Nikkei 225 and Topix indexes rose on Wednesday, with Japanese shares holding near a one-month high as optimism over potential US-China trade talks lifted market sentiment. Reports that senior US officials will meet with their Chinese counterparts in Switzerland this week fueled hopes for easing tensions, supporting gains across global markets. Investors are also monitoring developments in ongoing bilateral US-Japan trade talks, with Tokyo aiming to finalize a deal by June. Adding to the positive tone, Japan's services PMI for April was revised up, showing the strongest increase in new...
The Dow Jones Industrial Average (DJIA) followed the broader stock market lower on Tuesday, with equities taking a soft hit ahead of the Federal Reserve's (Fed) upcoming rate call on Wednesday. Investors are also awaiting any meaningful update from the Trump administration on a slew of trade deals that are allegedly in the works. Still, details remain light to the point of being non-existent. The Fed is broadly expected to keep rates on hold on Wednesday, but Fed talking points will be taking on added significance for market participants hoping for signs of a pivot into a rate-cutting cycle...
The S&P 500 stocks fell Tuesday as investors assessed a lack of updates on U.S.-China trade progress and awaited the Federal Reserve rate decision due Wednesday. At 12:53 ET (16:53 GMT), the Dow Jones Industrial Average dropped 327 points, or 0.8%, the S&P 500 index slipped 0.7%, and the NASDAQ Composite fell 190 points, or 0.8%. Trump says China willing to negotiate on trade, but stops shorts of signalling progress President Donald Trump said China wanted to negotiate a trade deal to end the current trade war, but stopped short of signalling urgency to resolve the conflict, saying...
Stocks in the US declined on Tuesday, extending losses from the previous session, with the S&P 500 falling 0.8%, the Nasdaq sinking 1% and the Dow Jones falling about 260 points. Investor sentiment remained subdued amid persistent tariff uncertainty and growing concerns over the impact of trade tensions on corporate earnings. President Trump is scheduled to meet Canadian Prime Minister Carney on Tuesday, while negotiations between the US and several countries continue, though no formal agreements have been reached. Meanwhile, US imports in March soared again in anticipation of new...
The Hang Seng advanced 158 points or 0.7% to end at a one-month peak of 22,663 on Tuesday, marking its fourth straight gain amid signs of easing trade tensions. President Trump said Sunday that the U.S. was engaging with several countries, including China, on trade deals. Locally, Hong Kong's economy grew 3.1% yoy in Q1 2025—the strongest pace in five quarters—driven by strong tourism and robust exports ahead of planned U.S. tariff hikes. A rally in the yuan to a 1-1/2-month high and intervention by the Hong Kong Monetary Authority to support the local dollar also lifted...
European stocks edged higher on Tuesday, with both the STOXX 50 and the STOXX 600 adding 0.1%, as investors focused on corporate earnings while awaiting key catalysts, including the Fed's monetary policy decision due tomorrow. Market participants also kept a close watch on trade tensions, particularly negotiations involving the US and several Asian countries. On the earnings front, Continental shares soared about 4% after the company's sales hit a 4-year high. Also, Vestas gained about 6% after the Danish company swung to profit in Q1 and Hugo Boss jumped almost 7% after a revenue...
Hong Kong shares rose 142 points, or 0.6%, to 22,645 in early trade on Tuesday, marking a fourth straight session of gains as markets reopened after a holiday. Broad sector gains—particularly in financials, property and consumer staples—pushed the index to a one-month high. Sentiment was further boosted by flash data showing the city's economy expanded 3.1% year-on-year in the first quarter of 2025, the strongest pace in five quarters, driven by robust tourism and exports ahead of U.S. President Trump's planned tariff hikes. In China, stock markets also resumed activity amid signs Beijing is...
US stocks closed lower Monday, unable to shake losses as investors weighed strong economic data against trade tensions and the upcoming Fed meeting. The S&P 500 and Nasdaq slipped 0.6% and 0.7% respectively, with the former snapping nine-day win streaks, while the Dow lost 98 points. Markets reacted to President Trump threatened new tariffs, including a 100% levy on foreign films, but sentiment improved following stronger-than-expected ISM services data. Still, uncertainty persisted after Trump said he has no plans to speak with China's President Xi, keeping investors cautious. Energy...
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....