Australia will release its July monthly employment report on Thursday at 1:30 GMT, following the Reserve Bank of Australia (RBA) decision to trim the Official Cash Rate (OCR) by 25 basis points (bps) to 3.6%. The Australian Bureau of Statistics (ABS) is expected to announce that the country added 25,000 new job positions in the month, after adding the measly 2,000 announced in June. The Unemployment Rate is foreseen declining to 4.2% after spiking to 4.3% in the previous month, while the Participation Rate is expected to remain unchanged at 67.1%. Australian ABS reports both full-time and...
US stocks rose on Friday, boosted by a strong jobs report and signs of easing U.S.-China trade tensions that boosted investor confidence. The S&P 500 rose nearly 1.5%, marking its ninth straight gain and its longest winning streak in two decades. The Dow Jones Industrial Average jumped 563 points, also extending its rally to a ninth straight session, while the Nasdaq gained 1.5%. April nonfarm payrolls rose by 177,000, beating expectations and bolstering optimism about the labor market despite ongoing tariff uncertainty. Sentiment was further buoyed by Beijing's openness to fresh trade...
European stocks rose on Friday, boosted by stronger-than-expected U.S. payrolls data for April and signs that China may resume trade talks with the U.S. The Stoxx 50 jumped 1.9% and the Stoxx 600 gained 1.7%, led by a 3% rally in technology stocks. London's FTSE 100 rose more than 1%, marking its longest daily winning streak on record. Shell rose 1.9% after beating Q1 profit expectations and launching a $3.5 billion share buyback. Standard Chartered also beat estimates, boosted by gains in wealth management and global banking, while NatWest reported better-than-expected profit of £1.8...
US stocks were firmly higher on Friday after evidence of a strong labor market softened concerns of a recession this year. The S&P 500, the Dow, and the Nasdaq 100 were all above 1% higher, with the former two set to record a nine-session win streak. The US added 177 thousand jobs in April, more than expectations of 130 thousand, while the unemployment rate remained unchanged and wages grew loosely in line with expectations. The stronger momentum was also owed to China noting that it will consider starting talks with the White House on potential trade deals. Gains were broad-based...
Japan stocks were higher after the close on Friday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.98% to hit a new 1-month high. The best performers of the session on the Nikkei 225 were Yamato Holdings Co., Ltd. (TYO:9064), which rose 5.32% or 105.00 points to trade at 2,077.50 at the close. Meanwhile, Sumitomo Dainippon Pharma Co Ltd (TYO:4506) added 5.26% or 47.00 points to end at 941.00 and Otsuka Holdings Ltd (TYO:4578) was up 5.22% or 382.00 points to 7,697.00 in late trade. The worst performers of the...
European stocks are heading for a mixed open on Friday, as investors assess a signal that China is seeking trade negotiations will the U.S. Germany's DAX and France's CAC 40 were seen opening lower, according to IG data, with U.K. stocks moving higher. Most markets were closed on Thursday for the May 1 holiday. London's FTSE 100 ended a choppy session 0.02% higher to mark its 14th straight session in the green, drawing level with its best run since 2017. Earnings in Europe on Friday include bank Standard Chartered, which beat estimates with a 10% gain in first-quarter profit, Natwest and...
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...