US President Donald Trump said Thursday he will nominate Council of Economic Advisers Chairman Stephen Miran to fill the final months of a vacant seat on the Federal Reserve, as the White House seeks a permanent member for the central bank's board of governors and continues its search for a new Fed chairman. Miran has called for a complete overhaul of Fed governance and will take over from Fed Governor Adriana Kugler following her surprise resignation last week, as she returns to her tenured professorship at Georgetown University. The term expires January 31, 2026, and must be confirmed by...
HK50 decreased to a 4-week low of 19563.00 Index Points. Over the past 4 weeks, Hong Kong Stock Market Index (HK50) lost 0.84%, and in the last 12 months, it increased 17.63%. Source: Trading Ecnomics
Stocks were slightly higher Tuesday, as investors look to wrap up another booming year that hoisted the S&P 500 to its second consecutive annual gain exceeding 20%, spurred by enthusiasm for rate cuts, economic strength and artificial intelligence. The broad market index traded 0.3% higher, while the Nasdaq Composite added 0.2%. The Dow Jones Industrial Average advanced 141 points, or 0.3%. The S&P 500 has surged 24% in 2024, building on a gain of 24.2% from last year. The two-year gain of around 54% is the best since the nearly 66% rally in 1997 and 1998. Meanwhile, the Dow has...
US stock futures rose on Tuesday, signaling a rebound after three days of losses and a continuation of Wall Street's strong rally in 2024. S&P 500 and Nasdaq 100 futures rose 0.4%, while Dow Jones futures rose 75 points. The S&P 500 is on track to post a strong gain of about 27% for the year, driven by factors including anticipated interest rate cuts, strong corporate earnings and significant investments in artificial intelligence (AI). Companies such as Palantir Technologies and Nvidia are leading the way with triple-digit gains. The Dow Jones is also performing well, up about...
European markets, including the Stoxx 600, FTSE 100 and CAC 40, traded almost flat on Tuesday ahead of the New Year holiday, reflecting a subdued mood amid political uncertainty and cautious sentiment. Wizz Air bucked the trend, rising on an upbeat growth forecast for 2026. Regional markets are set to close 2024 with modest gains, with the Stoxx 600 up 5.5% for the year. European equities have lost momentum after hitting a record high in September, weighed down by concerns about U.S. tariffs under President-elect Trump and political instability in France and Germany. The CAC 40 is down 2.5%...
European equity markets opened flat on Tuesday, the last trading day of 2024, as traders wrapped up activity ahead of the New Year holiday. Most regional markets are scheduled to close early or remain closed until Jan. 2. Meanwhile, market participants are closely watching how significant U.S. policy shifts, including tariffs, deregulation and tax reform under President-elect Donald Trump, could affect Europe in the year ahead. European stocks remain on track to post modest annual gains. In Asia, official data showed that China's factory activity expanded at a slower pace in December,...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Switzerland's government will hold an emergency meeting on Thursday to decide its next move after its president returned home empty-handed from an 11th-hour trip to Washington aimed at averting a...