Tensions and fears are running high in Switzerland, as the deadline to strike a trade agreement with the U.S. looms just days away. Without a deal, Switzerland faces 39% duties on its goods imported into the U.S., after it was hit with one of the highest new tariff rates under U.S. President Donald Trump's latest trade policy shift last week. The higher duty surprised many, as widespread reports had previously suggested a trade agreement was near, and was just missing Trump's signature. Over the weekend, reports emerged that the higher tariffs followed a disagreeable Thursday phone call...
The Nikkei 225 edged up 0.1% to above 38,800 on Wednesday, while the broader Topix index fell 0.2% to 2,776, as Japanese equities struggled for direction amid geopolitical uncertainty. Investors weighed the sustainability of a U.S.-brokered ceasefire between Iran and Israel, with intelligence reports suggesting a recent U.S. missile strike failed to completely destroy Iran's main nuclear facility. Market participants also digested fresh comments from Fed Chair Powell, who reiterated the Fed's commitment to taming inflation and signaled that interest rates would likely remain unchanged until...
The S&P 500 closed higher Tuesday, underpinned by de-escalating Middle East tensions amid an Iran-Israel ceasefire and remarks by Federal Reserve chairman Jerome that kept the door open to rate cuts. By 4:00 p.m. ET (20:00 GMT), the Dow Jones Industrial Average traded 536 points, or 1.3%, higher, the S&P 500 index gained 1.2%, and the NASDAQ Composite advanced 1.6%. Iran-Israel ceasefire optimism boosts Wall StreetInvestors have been boosted by U.S. President Donald Trump declaring earlier Tuesday, via social media, that the ceasefire between Israel and Iran is now "in effect,"...
European stock markets closed higher in Tuesday trading as the Stoxx Europe 600 rose 1.11%, Germany's DAX advanced 1.60%, the FTSE 100 gained 0.01%, France's CAC 40 increased 1.04%, and the Swiss Market Index was up 1.13%. In Germany, the ifo Business Climate Index for June rose to 88.4 points in June from 87.5 points in May, indicating that companies felt slightly more positive and that the German economy is slowly gaining confidence. The reading also topped the analyst forecast of 88.1, according to Bloomberg. And in corporate news, the Spanish government cleared Banco Bilbao Vizcaya...
Stocks rose while oil prices fell on Tuesday morning, as investors bet that a delicate ceasefire between Israel and Iran would hold. The Dow Jones Industrial Average climbed 305 points, or 0.7%. The S&P 500 gained 0.7%, and the Nasdaq Composite advanced 1%. Oil prices were sharply lower for a second-straight day. U.S. crude oil slipped more than 4%, alongside international benchmark Brent. A day earlier, U.S. crude oil fell more than 7%. Airline stocks were higher as oil pulled back, with shares of United Airlines, Frontier and Delta all climbing more than 2%. Broadcom and Nvidia...
The Hang Seng soared 488 points or 2.1% to close at 24,177 on Tuesday, rising for the third session and reaching a two-week peak as all sectors advanced. Sentiment was lifted by a strong rebound in U.S. futures after President Trump announced a truce between Iran and Israel. On the policy front, Fed Vice Chair Bowman said the time to cut interest rates was nearing, citing growing risks to the labor market. Her remarks echoed Fed Governor Waller's comments on Friday, signaling a possible rate cut at the July 29–30 meeting. Investors now await Fed Chair Jerome Powell's testimony before...
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...
Tensions and fears are running high in Switzerland, as the deadline to strike a trade agreement with the U.S. looms just days away.
Without a deal, Switzerland faces 39% duties on its goods...