EUR/USD tumbles during the North American session, down 0.38% following the release of economic data from the United States (US), which triggered a reaction by investors, who trimmed their bets that the Federal Reserve (Fed) will cut interest rates. At the time of writing, the pair traded at 1.1598, having reached a high of 1.1642. Risk appetite improved after US President Donald Trump denied rumors that he planned to sack Federal Reserve Chair Jerome Powell. News flows had remained light, though economic data from the US continues to justify the Fed's current stance, which most officials...
US stocks were little changed on Tuesday as investors digested conflicting signals from President Trump on tariffs. After initially delaying the return of broad "Liberation Day" tariffs until Aug. 1, Trump reversed course and said there would be no further extension, adding confusion to an already volatile trade environment. The S&P 500 and Nasdaq closed near the flatline, while the Dow fell 165 points. The market reacted sharply to Trump's announcement of a steep 50% tariff on copper imports, sending copper futures soaring more than 10% and lifting shares of producers such as...
The European stock markets closed higher in Tuesday trading as The Stoxx Europe 600 rose 0.33%, Germany's DAX gained 0.50%, the FTSE 100 advanced 0.54%, France's CAC 40 increased 0.56%, and the Swiss Market Index was up 0.13%. In Germany, calendar and seasonally-adjusted exports declined 1.4% in May, while imports fell 3.8% compared with the previous month, according to the Federal Statistical Office. Compared with a year earlier, exports increased 0.4% and imports rose 4.2%. Meanwhile, the trade balance for May was 18.4 billion euros ($21.6 billion). And in corporate news, UBS made about...
Wall Street's main indexes opened mixed on Tuesday, as investors assessed President Donald Trump's latest tariff offensive, and hoped that upcoming trade talks with trading partners could defuse the threat of a full-blown trade war. At 09:31 a.m., the Dow Jones Industrial Average tab fell 60.05 points, or 0.14%, to 44,339.31, the S&P 500 opens new tab gained 2.58 points, or 0.05%, to 6,233.03 and the Nasdaq Composite opens new tab gained 62.52 points, or 0.31%, to 20,475.03. Source: Reuters
The Hang Seng climbed 260 points or 1.1% to end at 24,148 on Tuesday, closing higher for the first session in four amid broad-based gains led by tech, consumer, and financial stocks. Sentiment improved following a recent pledge from China's top leadership to tighten oversight on aggressive price-cutting by domestic firms, a move analysts say could support a rebound in producer prices and boost long-term corporate earnings. The tech index surged around 1.8% as several firms issued upbeat profit alerts, while consumer shares gained on optimism that subsidies from food delivery platforms in...
European stock indexes showed no clear direction on Tuesday (9/7), with the STOXX 50 and STOXX 600 moving sideways around the opening line. The main cause was the cautious attitude of investors who continued to monitor developments in trade negotiations between the United States and the European Union. This uncertainty made the market tend to wait and see without a strong direction. According to a Politico report, the US proposed a base tariff of 10% for all EU goods, but continued to reject the EU's request to remove tariffs from sensitive sectors such as cars, steel, aluminum, and...
Japanese stocks closed higher on Monday (8/7), with the Nikkei 225 index up 0.26% to 39,688.81, amid optimism that trade talks with the United States could still reach an agreement before new tariffs are imposed on August 1. This increase occurred even though US President Donald Trump has sent tariff warnings to 14 countries, including Japan, which will be subject to import tariffs of 25%. Trump still leaves room for negotiation, but also threatens to balance tariffs if there is retaliation. The tariff letter received by Japan is the same as other countries, and has raised concerns among...
Indeks Hang Seng dibuka menguat 39 poin atau 0,16%, berada di level 23.927 poin; indeks saham H naik 19 poin atau 0,22%, mencapai 8.627 poin; sementara indeks teknologi naik 14 poin atau 0,28%, berada di level 5.244 poin. Dalam ranah perkembangan saham teknologi individual, Tencent naik 0,6%; Alibaba turun 0,6%; Meituan turun 1,1%; Xiaomi Group naik 0,1%; dan Kuaishou naik 0,3%. Di sektor keuangan, fluktuasi diamati: HSBC Holdings naik 0,2%; Prudential Insurance turun 0,5%; China Ping An naik 0,9%; dan Bursa Hong Kong naik 0,2%.(mrv) Sumber : Dimsumdaily.hk
US stocks plunged sharply on Monday as President Trump renewed trade tensions by announcing a new round of tariffs and extending the deadline to implement them to Aug. 1. The S&P 500 and Nasdaq each fell 0.8%, off record highs set last week, while the Dow dropped 422 points. Trump posted a letter on social media announcing 25% tariffs on imports from Japan and South Korea, with additional levies of up to 40% targeting goods from countries such as Malaysia, Myanmar and South Africa. He also warned of additional 10% tariffs on countries that align with the "anti-American BRICS policies,"...
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....