US consumer sentiment fell to 58.6 in August from 61.7—the first decline since April. The University of Michigan survey was conducted July 29–August 11, with tariff concerns again weighing on confidence. Full-year inflation expectations rose to 4.9%, while the 5–10-year forecast was 3.9%. Both were worse than economists' forecasts. Job concerns also increased: 62% of respondents predicted unemployment would rise. 58% planned to cut back on spending (cars, household goods, dining out), and durable goods purchasing conditions fell to their lowest in a year. Meanwhile, retail sales continued...
Japan stocks were lower after the close on Tuesday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.14%. The best performers of the session on the Nikkei 225 were Hino Motors, Ltd. (TYO:7205), which rose 5.76% or 24.70 points to trade at 453.30 at the close. Meanwhile, Sumitomo Metal Mining Co., Ltd. (TYO:5713) added 4.98% or 151.00 points to end at 3,185.00 and Mitsubishi Corp. (TYO:8058) was up 3.88% or 94.50 points to 2,528.50 in late trade. The worst performers of the session were Taiyo Yuden Co.,...
European markets are expected to return from the long Easter weekend on a positive note. The U.K.'s FTSE 100 index is expected to open 60 points higher at 8,254, Germany's DAX up 253 points at 21,064, France's CAC 81 points higher at 7,241 and Italy's FTSE MIB 441 points higher at 34,967, according to data from IG. There are no major earnings or data releases from Europe Tuesday but traders will be keeping an eye on news and comment out of the IMF-World Bank Spring meetings in Washington this week, where the threat and fallout from U.S. President Donald Trump's tariffs regime is likely to...
Stocks in Hong Kong fell 104 points or 0.5% to 21,292 in early trade on Tuesday, following an overnight slump on Wall Street after U.S. President Trump intensified criticism of Fed Chair Powell, calling him "a major loser" for not cutting interest rates. Trading resumed in the city after the holiday break, weighed down by fresh tensions as China warned it would retaliate against any trade deals with the U.S. that undermine its interests. Losses were partially limited by comments from Premier Li Qiang, who urged officials to step up efforts to stabilize the stock market. Meanwhile, the...
The Nikkei 225 fell 0.4% to below 34,200 while the broader Topix Index lost 0.2% to 2,523 on Tuesday, extending losses from the previous session and taking cues from a weak lead on Wall Street as political pressure on the Federal Reserve weighed on sentiment. Investor concerns grew after President Donald Trump intensified criticism of Fed Chair Jerome Powell, raising fears over the central bank's independence. The lack of progress on global trade talks also weighed on market sentiment. Moreover, a strengthening yen, which surged to a seven-month high on Monday, put downward pressure on...
Asia-Pacific markets were subdued Tuesday, tracking Wall Street's sell-off after U.S. President Donald Trump doubled down on his pressure campaign on Federal Reserve Chairman Jerome Powell.Japan's Nikkei 225 as well as the Topix were trading flat. South Korea's Kospi added 0.19% and the small-cap Kosdaq inched 0.16% higher.Australia's S&P/ASX 200 lost 0.63%.Hong Kong's Hang Seng Index lost 0.25%. Mainland China's CSI 300 slipped 0.17% at the open.U.S. stock futures were nearly flat. Futures tied to the Dow Jones Industrial Average lost 18 points. Both the S&P 500 futures and Nasdaq...
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...
President Donald Trump said he would set levies on semiconductors in the coming two weeks, the latest indication he's readying a substantial expansion of his tariff regime.
"I'll be...