US President Donald Trump said he would be speaking to European leaders shortly as he prepares for his summit later this week with Russian counterpart Vladimir Putin. "Will be speaking to European Leaders in a short while. They are great people who want to see a deal done," Trump wrote on social media Wednesday. The call comes as Trump ramps up diplomatic efforts to end Russia's war in Ukraine — now well into its fourth year — with a face—to-face meeting with Putin on American soil. The sitdown slated for Friday in Alaska has raised worries among Kyiv's allies that...
Hong Kong shares rose 60 points, or 0.2%, to 22,841 on Friday morning, extending gains for a seventh straight session and holding around a one-month high. Positive sentiment from Wall Street overnight supported sentiment after US President Trump suggested tariffs on Chinese goods could be eased if upcoming trade talks in Switzerland go smoothly—the first formal negotiations between the US and China. Investors also cheered a major trade deal between the US and the UK. Financial and consumer stocks led gains, while property and technology stocks lagged. However, further gains were capped by...
The Nikkei 225 Index jumped 1.2% to above 37,300 while the broader Topix Index gained 0.9% to 2,720 on Friday, with Japanese shares hitting six-week highs, tracking a rally on Wall Street overnight as President Donald Trump unveiled a trade deal with the UK, the first since the US imposed sweeping tariffs last month. On the domestic front, investor sentiment was buoyed by data showing a stronger-than-expected rise in personal spending in March, signaling resilience in consumer demand. However, a continued decline in real wages—down for the third consecutive month—tempered optimism about the...
Stocks rose Thursday after President Donald Trump announced a trade deal framework between the U.S. and United Kingdom, the first major agreement hatched since the U.S. launched pre-emptive tariffs on most of the globe earlier this year. The Dow Jones Industrial Averag gained 254.48 points, or 0.62%, to settle at 41,368.45. The S&P 500 rose 0.58% and closed at 5,663.94. The Nasdaq Composite advanced 1.07% to end at 17,928.14. Trump announced the deal outline from the Oval Office with U.K. Prime Minister Keir Starmer on speakerphone. A 10% baseline tariff will remain on the U.K.,...
The Dow Jones Industrial Average (DJIA) gained ground on Thursday, climbing over 650 points or 1.6% after the Trump administration announced an incoming (but still not signed) trade deal with the United Kingdom (UK). Under the trade deal, most imports from the UK will still see a 10% tariff across the board, but markets are taking the news as a sign that the Trump administration will continue to at least partially walk back its own tariffs over time. Investors are still hoping for a quick resolution to the escalating US-China trade war that has steep 145% import taxes on most goods from...
US stocks rose on Thursday, with the S&P 500 rising 0.6%, the Nasdaq adding 0.9% and the Dow Jones jumping 230 points, as investors welcomed President Trump's announcement of a US-UK trade deal. Sentiment was further boosted by reports that the administration is preparing to roll back some Biden-era restrictions on chipmakers. Consumer discretionary, energy and communication services were by far the top performers while health and utilities underperformed. Megacaps Apple (0.6%), Microsoft (1.6%), Nvidia (0.5%), Amazon (1.2%), Meta (2.2%), Alphabet (1.2%) and Tesla (3.2%) were all...
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...
US President Donald Trump said he would be speaking to European leaders shortly as he prepares for his summit later this week with Russian counterpart Vladimir Putin.
"Will be...