India is struggling to cope with the economic fallout from President Donald Trump's tariff threats, which have left officials in New Delhi shocked, disappointed, and unsure how to respond. Trump's harsh language, calling India's economy "dead," its tariff barriers "obnoxious," and its people indifferent to the plight of the Ukrainian people, was like a slap in the face, according to an official in New Delhi, who asked not to be named because the discussions were private. Officials don't have a pattern for dealing with this kind of public attack, the person said, adding that the latest...
The Topix Index is rising 0.8% at 2,704.34 in Tokyo. In midday trading, electric appliances stocks led the market higher, as 30 of 33 sectors gained; 1,537 of 2,128 shares rose, while 453 fell. Recruit Holdings Co. contributed the most to the index gain, increasing 2.7%. Integrated Design & Engineering Holdings Co. had the largest increase, rising 20.5%. Source: Bloomberg
Asian equities rose Friday following gains on Wall Street as investors shook off initial concerns over Nvidia Corp.'s revenue outlook. Bitcoin edged closer to $100,000 while the dollar gained. Shares in Australia and Japan advanced. An index of US-listed Chinese stocks fell 1% Thursday, running against the grain of trading in New York but partly reflecting selling in Hong Kong stocks in their most recent session. The S&P 500 and Nasdaq 100 both rose Thursday. Nvidia ended higher and even touched a fresh intraday record in a sign investors...
The S&P 500 rose Thursday in choppy trading as investors poured into stocks poised to benefit from a booming economy, and shook off a decline in technology stocks led by Nvidia. The Dow Jones Industrial Average added 370 points, or 0.8%. The S&P 500 added 0.2%, and the Nasdaq pulled back 0.4%. The market gains were led by companies that would benefit from a accelerating economy, despite the overarching focus on market bellwether Nvidia's earnings report after the bell Wednesday. Some of Thursday's winners included bank stocks like JPMorgan and Goldman Sachs and retailer Home...
European stocks inched higher Thursday afternoon as investors focused on earnings and economic data amid weak global market sentiment. The pan-European Stoxx 600 was up 0.08% by 3:30 p.m. London time, as sectors and major bourses diverged. Insurance stocks led gains, up 1.07%, while retail dipped 0.37%. Shares of British sports retailer JD Sports fell more than 16% after it warned that its annual profits would come in at the lower end of its guidance following a difficult October and subdued consumer spending. Market sentiment was knocked overnight as investors parsed the all-important...
Stocks rose Thursday as investors bought the dip in Nvidia shares that followed its earnings Wednesday night. The Dow Jones Industrial Average rose 113 points, or 0.3%. The S&P 500 climbed 0.4%, and the Nasdaq Composite also advanced 0.4%. Nvidia reported better-than-expected third-quarter results and issued strong guidance Wednesday after the bell. But shares of the AI-chip juggernaut, which are already up more than 190% this year, initially fell in response during the premarket. Some traders cited the chipmaker's slowing revenue growth from previous quarters as cause for concern. Or...
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.
It...
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...
President Donald Trump said Treasury Secretary Scott Bessent told him he did not want to be nominated to replace Jerome Powell as the next chair of the Federal...