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...
US stock futures were steady on Tuesday after a sharp selloff in the prior session, driven by renewed concerns over the Federal Reserve's independence. On Monday, the Dow fell 0.48%, the S&P 500 dropped 2.36%, and the Nasdaq tumbled 2.55%, with all 11 S&P sectors ending lower—led by consumer discretionary, technology, and energy. Heavy losses hit megacap tech stocks, including Nvidia (-4.5%), Tesla (-5.8%), and Amazon (-3.1%). The decline followed criticism of Fed Chair Jerome Powell by President Donald Trump, who called him "Mr. Too Late, a major loser," and demanded immediate rate...
US stocks closed sharply lower on Monday (4/21) after President Trump stepped up his criticism of Fed Chairman Jerome Powell, raising concerns about the central bank's independence and shaking investor confidence. The selloff was swift and widespread, with the S&P 500 and Nasdaq down 2.4% and 2.5%, respectively. The Dow dropped 971 points, while tech giants led the decline—Tesla dropped 6%, Nvidia dropped 4.5% and Amazon dropped 3.1%. All 11 sectors ended in the red, with tech, consumer staples and energy stocks the hardest hit. In a Truth Social post, Trump called Powell "Mr. Too Late,...
Stocks fell again on Monday following yet another negative trading week for Wall Street, as investors receive little signs of progress on global trade talks. The Dow Jones Industrial Average traded 366 points lower, or 0.9%. The S&P 500 shed 1.1%, and the Nasdaq Composite lost 1.4%. The moves come after each of the three major averages logged a third weekly decline in the last four trading weeks. While the S&P 500 closed out Thursday's session higher, the broad market index still finished the holiday-shortened week 1.5% lower. The Dow Jones Industrial Average and Nasdaq Composite...
Japan stocks were lower after the close on Monday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 1.30%. The best performers of the session on the Nikkei 225 were Oji Holdings Corp. (TYO:3861), which rose 6.68% or 41.30 points to trade at 659.60 at the close. Meanwhile, Sumitomo Osaka Cement Co., Ltd. (TYO:5232) added 3.52% or 133.00 points to end at 3,913.00 and Nichirei Corp. (TYO:2871) was up 3.04% or 58.00 points to 1,969.00 in late trade. The worst performers of the session were Sumitomo...
Asia-Pacific markets traded mixed Monday as China's central bank held rates at a time when the yuan has come under pressure due to Beijing-Washington trade tensions. Mainland China's CSI 300 rose 0.18% after the People's Bank of China kept its key loan prime rates unchanged at 3.10% for 1-year loan maturities and 3.60% for 5-year loan maturities, in line with the expectations of economists polled by Reuters. Japan's benchmark Nikkei 225 fell 1.24%, while the broader Topix index declined 1.18%. In South Korea, the Kospi index was flat while the small-cap Kosdaq moved down 0.27% in choppy...
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...