Switzerland's government will hold an emergency meeting on Thursday to decide its next move after its president returned home empty-handed from an 11th-hour trip to Washington aimed at averting a crippling 39% U.S. import tariff on Swiss goods. An urgent meeting of the seven-member Federal Council - Switzerland's governing cabinet - will take place in Bern in the early afternoon, the government said a post on X. Swiss President Karin Keller-Sutter left Washington on Wednesday without a new deal and did not meet with U.S. President Donald Trump or any of his top trade officials, two sources...
(Hong Kong) The Hang Seng Index opened with a gain of 65 points, or 0.28%, to stand at 23,398 on Monday. The China Enterprises Index rose 26 points, or 0.3%, to 8,486, while the Hang Seng Tech Index climbed 11 points, or 0.22%, to 5,266, reflecting mixed performance across technology stocks. Among tech giants, Tencent slipped 0.2%, while Alibaba advanced 0.6%. Meituan declined by 1.1%, but Xiaomi gained 1.2%, JD.com rose 0.2%, and Kuaishou improved by 0.5%. Financial stocks also showed a mixed trend, with HSBC rising 0.3%, AIA slipping 0.6%, Ping An Insurance advancing 0.7%, and Hong Kong...
The Nikkei 225 jumped 329 points or 0.9%, to 37,830 in early Tuesday trade, recovering from the prior day's weakness. The rally followed a modest rise in U.S. futures after the S&P 500 eked out a gain despite Moody's downgrade of the U.S. credit outlook. The broader Topix index also climbed, extending recent gains. Investors kept a close watch on ongoing U.S.-Japan trade talks, hoping for a finalized deal by June. On the corporate front, Reuters said that Nippon Steel plans to invest $14 billion in U.S. Steel's operations. Gains were tempered by caution ahead of Japan's upcoming April...
US stocks pared early losses on Monday, with the S&P 500 ending 0.1% higher after falling 1.1%, as Treasury yields retreated from their highs. The Dow rose 137 points, while the Nasdaq edged higher, as markets digested a Moody's downgrade of the US credit rating to Aa1, citing rising deficits and refinancing risks. The downgrade pushed the 10-year yield near 4.5% and the 30-year above 5%, levels that have previously weighed on equities. Treasury Secretary Scott Bessent downplayed the move and urged trading partners to engage during a 90-day tariff pause. President Trump has continued to...
European stocks recouped losses from earlier in the day to close flat, after bonds came off session lows and several companies delivered good earnings. The Stoxx Europe 600 Index closed 0.1% higher, having earlier shed as much as 0.8%. The losses came after Moody's Ratings stripped the US government of its top credit rating soured investor sentiment and trade tensions continued to weigh. While auto and energy shares lagged, telecoms, travel and leisure stocks made gains. A large quantity of European shares were also trading ex-dividend. Among individual stocks,...
US stocks were lower on Monday, with the S&P 500 down 1%, the Nasdaq falling 1.3%, and the Dow shedding around 280 points, as investors retreated from US assets amid growing concerns over the country's fiscal and economic outlook. The sell-off followed Moody's downgrade of the US credit rating from Aaa to Aa1 on Friday, citing rising government debt and a widening budget deficit. Adding to the pressure, a key congressional committee on Sunday approved President Trump's proposed tax-cut package, which includes hundreds of billions of dollars in new, unfunded tax reductions, deepening...
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...
Switzerland's government will hold an emergency meeting on Thursday to decide its next move after its president returned home empty-handed from an 11th-hour trip to Washington aimed at averting a...