The European Union will suspend its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald Trump, a Commission spokesperson said on Monday. The EU-U.S. agreement leaves many questions open, including tariff rates on spirits, and Trump's executive order last week setting tariffs on most EU goods at 15% did not include carve-outs such as for cars and car parts. EU officials have said they expect more executive orders to follow soon. "The EU continues to work with the U.S. to finalise a Joint Statement, as agreed on 27 July," the...
The STOXX 50 fell 0.7% to 5,230 points on Thursday, while the broader STOXX 600 dropped 0.6%, as market sentiment was dampened by ongoing tensions in the Middle East and concerns over potential U.S. involvement. Investors also reacted to the latest U.S. Federal Reserve decision. The conflict between Israel and Iran continues to escalate, with U.S. President Trump warning that the U.S. could potentially join Israeli airstrikes on Tehran. At the same time, Trump noted that Iranian officials have expressed interest in holding talks, while EU leaders are scheduled to engage in nuclear...
The Nikkei 225 fell 1.02% to close at 38,488 on Thursday, while the broader Topix index dropped 0.58% to 2,792, ending a three-day rally as rising geopolitical risks dampened investor sentiment. Market jitters mounted amid reports that the U.S. was preparing for a potential attack on Iran, raising concerns about broader instability in the Middle East. The selloff followed the U.S. Federal Reserve's decision to leave interest rates unchanged and maintain a cautious stance, citing inflation risks related to President Donald Trump's tariffs. On the domestic front, investors are turning their...
Hong Kong shares plunged 273 points, or 1.2%, to 23,438 in early trading on Thursday, marking a third straight decline and hovering near a two-week low. The selloff followed a sharp drop in U.S. stock futures after Fed Chair Powell sounded a cautious note on inflation, even as the central bank kept interest rates steady for a fourth straight meeting, as widely expected. Geopolitical tensions also weighed on sentiment, with concerns growing over the potential for direct U.S. involvement in the Middle East. In China, the People's Bank of China will hold its monthly lending rate decision,...
Asia-Pacific markets fell on Thursday, as investors weighed the U.S. Federal Reserve's decision to keep interest rates steady, while the ongoing conflict between Israel and Iran continued to weigh on sentiment. Japan's benchmark Nikkei 225 index fell 0.74% while the Topix dropped 0.61%. South Korea's Kospi fell 0.34% and the small-cap Kosdaq was flat. Australia's S&P/ASX 200 was flat. Hong Kong's Hang Seng Index fell 0.48% and mainland China's CSI 300 was flat. Investors also await decisions by the central banks of Taiwan and the Philippines later in the day. U.S. President Donald...
The Nikkei 225 fell 0.7% to around 38,600, while the broader Topix index shed 0.6% to 2,791 on Thursday, ending a three-day winning streak as investors locked in profits and weighed global uncertainties. Overnight, the U.S. Federal Reserve kept interest rates steady, with policymakers taking a cautious stance amid concerns about the inflationary impact of President Donald Trump's tariffs. Geopolitical tensions are also adding to the pressure, as the ongoing Israel-Iran conflict raises concerns about expanding U.S. involvement in the Middle East. At home, investors are turning their...
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...
The European Union will suspend its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald Trump, a Commission spokesperson said on Monday.
The...