The ISM Manufacturing PMI fell to 48 in July 2025 from 49 in June, missing expectations of a rise to 49.5. This figure marked the fifth consecutive month of contraction in the manufacturing sector and was the weakest since October of last year. The largest negative contributions came from declines in supplier deliveries (45.7 vs. 46.7) and employment (43.4 vs. 45.0). On the positive side, production increased (51.4 vs. 50.3), while declines in new orders (47.1 vs. 46.4) and backlogs (46.8 vs. 44.3) eased. Price pressures also eased, with the price index falling to 64.8 from 69.7. Source:...
The Nikkei 225 Index rose 0.5% to above 39,700 while the broader Topix Index gained 0.9% to 2,765 on Tuesday, extending gains from the previous session and taking cues from a strong lead on Wall Street as the post-election rally sent major US indexes to all-time highs. The rally was fueled by optimism around Trump's victory and the possibility of a Republican sweep in Congress, which raised expectations for deregulation and tax cuts. In Japan, investors were focused on the Bank of Japan's monetary policy outlook after the latest summary of opinions revealed a division among policymakers...
Asia-Pacific markets were mixed on Tuesday, with investors cautious even as the Dow Jones Industrial Average's post-election rally continued to gain momentum to close at a record high. Australia's S&P/ASX 200 fell 0.33%. Japan's Nikkei 225 gained 0.23% while the Topix gained 0.68%. South Korea's Kospi fell 1.25%, while the Kosdaq Composite dropped 2.04% Hong Kong's Hang Seng futures were at 20,324, lower than the HSI's last close of 20,426.93. Traders in Asia-Pacific will be watching a slew of economic data from the region, including the National Australia Bank's survey on business...
Blue chip stocks lead advancers to start the week with the Dow Industrials climbing above 44000. Consumer discretionary and financial sectors rally on expectations of policies from a new Trump administration. Bond markets were closed for Veterans Day. Tesla gains 9.1%, Trump Media & Technology Group adds 4.7% and bitcoin surges above $84,000. Cigna rises 7.3% after saying it wasn't seeking to buy Humana, while AbbVie slides 13% after its experimental schizophrenia drug failed in trials. DJIA gains 304 points, or 0.7%, to 44293, the S&P 500 gains 0.1% to 6001, while the Nasdaq rises...
European stocks had a strong start to the week, with the Stoxx 50 and Stoxx 600 both rising over 1% as investors considered the potential market impact of Donald Trump's presidency. The construction and materials sector led gains, climbing 2%, while industrial stocks increased by 1.7%. On the corporate side, Continental's shares surged 10% after posting better-than-expected profits. Defence stocks, including Sweden's SAAB, Italy's Leonardo, and the UK's Rolls-Royce, rose between 3% and 4.4%. MTU Aero Engines gained 1% after an upgrade from Goldman Sachs. The chemicals sector was up 1.3%,...
US stock futures pointed higher on Monday as investors assessed the staying power of a post-election rally and looked ahead to fresh economic data this week. By 03:20 ET (08:20 GMT), the Dow futures contract had added 82 points or 0.2%, S&P 500 futures had jumped by 15 points or 0.3%, and Nasdaq 100 futures had gained 73 points or 0.4%. The benchmark S&P 500 hit a fresh all-time peak and touched the 6,000 level for the first time on Friday, boosted by hopes that Donald Trump would roll out tax cuts and extensive deregulation during his second four-year term in the White...
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...
The U.S. will levy a 30% tariff on South African exports next week, after Pretoria failed to reach a trade deal before President Donald Trump's deadline. The new rate is part of a broader executive...