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...
Stocks rallied Friday but remained on track for a sharp weekly decline as volatility continued to spread through Wall Street. The Dow Jones Industrial Average was trading 501 points higher, or 1.2%. The S&P 500 was up 1.6%, and the Nasdaq Composite was up 2.1%. Nvidia shares jumped more than 4%. Tesla and Meta Platforms rose more than 1% along with Netflix, Amazon and Apple. Sentiment on Wall Street got a boost Friday as it appeared a government shutdown was averted. Senate Minority Leader Chuck Schumer, D-N.Y., said he would not block a Republican government funding bill. However,...
The Hang Seng Index rose 2.1% to 23,959.98 in Hong Kong, the biggest gain since a 3.3% gain on March 6 and following a 0.6% decline in the previous session. Meituan contributed the most to the index's gain, rising 5.4%. Wuxi Biologics Cayman Inc. was the biggest gainer, rising 14.4%. On the day, 65 of 83 stocks rose, while 18 fell; three of four sectors rose, led by trade and industrial stocks. Source: Bloomberg
The Hang Seng jumped 497 points, or 2.1%, to close at 23,960 on Friday, ending a five-session losing streak as U.S. index futures rose on signs of potential U.S. government shutdown resistance. Hopes for fresh stimulus to boost China's domestic consumption also supported sentiment, with investors eyeing a key briefing next week by Beijing's top planning agency. Adding to optimism, the northern Chinese city of Hohhot announced large cash incentives to boost births. However, the index fell 1.1% for the week, reversing earlier gains as caution prevailed ahead of key Chinese economic data due...
European markets are set to open higher on Friday, as U.S. President Donald Trump's tariff regime continues to be in focus. Talks centered on a ceasefire deal for Ukraine also remain in focus for regional traders. London's FTSE 100 is expected to open about 28 points higher at 8,567, according to IG, while Germany's DAX is set to rise 107 points to 22,639. France's CAC 40 is expected to open 26 points higher at 7,970, according to IG. Earlier this week, the EU announced it would retaliate against Trump's 25% tariffs on steel and aluminum with retaliatory measures on 26 billion euros ($28...
Japanese shares rose on Friday as the Bank of Japan is expected to hold rates in March, with most economists seeing a 25-basis-point hike to 0.75% in July. The Nikkei 225 rose 0.84%, or 310.82 points, to end at 37,100.85. A Reuters poll showed about 70% of economists expect the Bank of Japan to raise rates to 0.75% in the third quarter, likely in July, up from 65% in February. Nearly 90% foresee negative effects on Japan's economy from US President Donald Trump's tariff policies. Markets are pricing in a quarter-point hike by September or October, with a 25% chance of another increase by...
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...