US President Donald Trump renewed his threat on Monday to raise tariffs on Indian goods over its purchase of Russian oil. Meanwhile, New Delhi called Trump's attack "unprovoked" and vowed to protect its economic interests, deepening a trade rift between the two countries. In a social media post, Trump wrote, "Not only does India buy large quantities of Russian oil, but they also sell most of that purchased oil on the open market for huge profits. They don't care how many people in Ukraine are killed by the Russian war machine." "Therefore, I will substantially increase the tariffs India...
It's been a broadly negative day for European equities, with the regional Stoxx 600 index closing 0.6% lower as Germany's DAX slipped 0.78% from Tuesday's record high close. There have been few stand-out performers, though defense firms including Renk, Hensoldt and Saab all moved higher as investors continue to eye tailwinds behind the sector. Automaker Stellantis closed 2.2% lower after the owner of Jeep, Dodge, Fiat, Citroen and more named North American chief operating officer Antonio Filosa as its new chief executive. The announcement ends months of uncertainty at a challenging time...
Wall Street trading was fairly muted in the run-up to the highly anticipated earnings from Nvidia Corp. — the last of the "Magnificent Seven" megacaps to report. Just hours ahead of results from the world's most-valuable chipmaker, the S&P 500 fluctuated. Nvidia, which has surged more than 40% from its April low, barely budged. The options market implies a post-results move of about 6% in either direction, lagging the average swing over the past two years. "Wednesday's Nvidia earnings report is pivotal not just for Nvidia but for the entire stock...
The Hang Seng fell 124 points or 0.5% to finish at 23,258 on Wednesday, swinging from modest gains in the previous session as broad-based losses across financials, consumer, and tech sectors weighed on the market. Sentiment turned sour amid rising concerns that China-U.S. trade tensions could escalate once the current three-month pause ends in July. Risk appetite was further dampened by an intensifying price war in China's auto sector after BYD Co. announced new discounts on over a dozen models. Adding to the cautious mood, investors braced for China's official PMI data in the coming days,...
Both the STOXX 50 and STOXX 600 hovered near the flatline on Wednesday, taking a breather after two consecutive sessions of gains. Investors remained cautious as they evaluated ongoing trade negotiations and the US fiscal outlook, while awaiting Nvidia's earnings report later today for potential catalysts and updated guidance. Reports suggest European leaders have asked major corporations and CEOs to outline their US investment plans in preparation for the talks with Washington. On the data front, GDP growth for France was confirmed at 0.1% in Q1. Among the sectors, oil & gas, autos,...
Japan stocks were higher after the close on Wednesday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 added 0.03%. The best performers of the session on the Nikkei 225 were DIC Corp (TYO:4631), which rose 6.51% or 181.00 points to trade at 2,960.00 at the close. Meanwhile, Alps Electric Co., Ltd. (TYO:6770) added 4.37% or 58.50 points to end at 1,398.50 and Sumitomo Osaka Cement Co., Ltd. (TYO:5232) was up 3.74% or 141.00 points to 3,911.00 in late trade. The worst performers of the session were Mitsubishi Electric Corp...
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...