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...
US stock indices opened marginally higher Tuesday in thin trading ahead of the Christmas holiday, stabilizing after gains from the world's largest technology stocks. S&P 500 and Nasdaq 100 were up about 0.2%, while Dow Jones Industrial Average were slightly down at 0.03%. American Airlines Group shares dropped about 1.4% on Tuesday as the airline briefly grounded all flights in the U.S. due to a "technical issue." The ground stop was later lifted. The New York Stock Exchange is set to close early Tuesday for Christmas Eve, and the market is shut on Christmas Day. Wall Street indexes...
The Stoxx 600 rose 0.2%, with tech stocks leading gains after a strong performance by US peers on Monday. London's FTSE 100 and France's CAC 40 also closed in positive territory. Novo Nordisk surged 5.7%, recovering from last week's slump following disappointing trial results for its CagriSema weight-loss drug. AstraZeneca withdrew its EU application for a lung cancer treatment after feedback from regulators, with shares closing up 0.1%. Mining stocks boosted the Stoxx 600, led by Anglo American, up 2%, despite facing $17 billion in potential fines in Chile over alleged environmental...
The Stoxx Europe 600 Index edged up 0.2%, with major markets such as Germany closed and others, including London and Paris, set to close early. France's CAC 40 outperformed as Prime Minister François Bayrou vowed to cut the country's budget deficit to nearly 5%. Technology stocks led gains, supported by a strong session for U.S. tech stocks on Monday. Pharmaceutical giant Novo Nordisk also boosted the index, jumping 5.7% after recovering from last week's selloff linked to disappointing trial results for its weight-loss drug, CagriSema. Despite the gains, European stocks underperformed the...
The Hang Seng jumped 215 points, or 1.1%, to close at 20,098 on Tuesday, rising for a second session and hitting its highest in more than a week amid solid gains across sectors. Investors flocked to riskier assets after China reportedly planned to sell a record CNY3 trillion worth of special government bonds in 2025 to boost its economy. The funds raised from the bonds will be used for consumption subsidies, upgrading business equipment and investing in key technologies and advanced manufacturing. Positive reports from Wall Street on Monday also boosted sentiment, along with reports that...
The Nikkei 225 dipped 257 points or 0.7% to 39,052 around noon on Tuesday, reversing from a surge in the prior session. The decline reflected weakness in tech services, communications, and consumer services. Traders digested a media report that the Committee on Foreign Investment in the US has told the White House it is unable to reach a consensus on national security risks involved in Nippon Steel's bid for US Steel. Meanwhile, the Japan Fair Trade Commission is set to punish Google for unfair practices. The IT company can be fined up to JPY 300 million, local media said. Limiting...
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...