Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
Asia-Pacific markets rose on Tuesday as Wall Street rallied overnight on hopes that U.S. President Donald Trump's tariffs could be softer than expected. Australia's S&P/ASX 200 rose 0.69% in early trade. The country's budget will be tabled by Treasurer Jim Chalmers later in the day. Japan's benchmark Nikkei 225 started the day up 1.15%, while the broader Topix index gained 0.91%. In South Korea, the Kospi index opened 0.61% higher and the small-cap Kosdaq gained 0.64%. Futures for Hong Kong's Hang Seng index last traded at 23,609, indicating a weaker open compared with the HSI's...
President Donald Trump on Monday said he will soon announce tariffs targeting automobiles, pharmaceuticals and other industries, signaling his plans to pile more sweeping duties on top of his forthcoming "reciprocal tariffs." "We'll be announcing cars very shortly," Trump said at a Cabinet meeting. "We already announced steel, as you know, and aluminum." "We'll be announcing pharmaceuticals at some point," he said, "because we have to have pharmaceuticals." "So we'll be announcing some of these things in the very near future, not the long future, the very near future," Trump said. Trump...
European markets closed slightly lower on Monday as optimism over the path of U.S. tariffs faded. Concluding a choppy session, the pan-European Stoxx 600 ended 0.13% lower, with Germany's DAX down 0.17%, France's CAC 40 down 0.26%, and the U.K.'s FTSE 100 down 0.1%. The travel and leisure sector was up 0.55% after London's Heathrow Airport reopened on Saturday following a power outage caused by a fire at a nearby electrical substation that disrupted Friday service. British Airways owner IAG was up 0.8%. Swedish defense firm Saab gained 4.5% after UBS upgraded its stock from neutral to...
European markets were mixed on Monday after U.S. President Donald Trump hinted at tariff "flexibility." The pan-European Stoxx 600 was little-changed by 4 p.m. in London, with Germany's DAX down 0.06%, France's CAC 40 down 0.23%, and the U.K.'s FTSE 100 trading flat. The travel and leisure sector was up 0.59% after London's Heathrow Airport reopened on Saturday following a power outage caused by a fire at a nearby electrical substation that disrupted Friday service. British Airways owner IAG was up 0.9%. Swedish defense firm Saab was up 4.5% after UBS upgraded its stock from neutral to...
Stocks in the US kicked off the week in the green, with the S&P 500 adding 1%, the Nasdaq soaring 1.5% and the Dow Jones gaining 350 points, as traders hope the new US tariffs set to take effect on April 2nd could be softer and more targeted than initially anticipated. Reports emerged that President Donald Trump's coming wave of tariffs is poised to be more targeted than the barrage he has occasionally threatened. All sectors were in the green, but consumer discretionary, tech and communication services outperformed. Shares of Tesla soared more than 5% and other megacaps were also...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...