The ISM Manufacturing PMI fell to 48 in July 2025 from 49 in June, missing expectations of a rise to 49.5. This figure marked the fifth consecutive month of contraction in the manufacturing sector and was the weakest since October of last year. The largest negative contributions came from declines in supplier deliveries (45.7 vs. 46.7) and employment (43.4 vs. 45.0). On the positive side, production increased (51.4 vs. 50.3), while declines in new orders (47.1 vs. 46.4) and backlogs (46.8 vs. 44.3) eased. Price pressures also eased, with the price index falling to 64.8 from 69.7. Source:...
The Nikkei 225 slipped 0.11% to close at 39,775, while the broader Topix Index edged up 0.06% to 2,836 on Tuesday, with Japanese markets struggling for direction as investors assessed the implications of the weekend's election. While the ruling coalition lost its majority in the upper house, the result was widely anticipated and had limited market impact. Reassuringly, Prime Minister Shigeru Ishiba is expected to remain in office, easing concerns over political instability or an abrupt resignation. Ishiba reaffirmed his intention to stay on, citing the need to oversee ongoing tariff...
The Hong Kong stock market opened on a positive note today (22 July), with the Hang Seng Index rising by 30 points, or 0.12%, to 25,024 points. The China Enterprises Index gained 11 points, or 0.13%, to 9,051 points, while the Technology Index increased by 4 points, or 0.08%, to 5,589 points. Among financial stocks, HSBC Holdings rose by 0.81% to HK$99.25, Ping An Insurance recorded a slight increase of 0.09%, and Hong Kong Exchanges and Clearing edged up by 0.14%. However, AIA Group saw a decline of 0.58%. Major tech stocks showed mixed performances. Xiaomi Group advanced by 0.26%,...
The Nikkei 225 rose 1% to around 40,200, while the broader Topix Index gained 0.9% to 2,860 in post-holiday trading on Tuesday, extending last week's gains as investors digested the weekend's election outcome. Although Japan's ruling coalition lost its majority in the upper house, the result was largely anticipated by markets. Importantly, Prime Minister Shigeru Ishiba is expected to remain in office, easing fears of political instability or a sudden resignation. Ishiba reaffirmed his commitment to stay on, citing the need to manage ongoing tariff negotiations with the US and other key...
Asia-Pacific stocks rose Tuesday, after key Wall Street benchmarks hit record highs overnight as investors assessed the resilience in corporate earnings amid tariff risks. Investors in the region will be keeping a close watch on Japanese markets, which reopened after the ruling party lost its majority in the upper house following an election over the weekend. Japan's rose in early trade Tuesday, as markets reopened after the ruling party lost its majority in the upper house over the weekend. The 225-stock share average advanced 1.12% to hit 40,254.18 at 9.17 a.m. local time (8.17...
US stocks rallied on Monday (July 21), with the S&P 500 and Nasdaq hitting new record highs as a strong start to the earnings season overshadowed concerns about impending tariffs. The Dow Jones Industrial Average rose more than 200 points, driven by solid gains in leading tech stocks like MetaTrader, Amazon, and Alphabet. So far, more than 85% of S&P 500 companies that have reported earnings have beaten expectations, fueling optimism despite rising market valuations. Verizon shares jumped more than 4% after its earnings beat expectations, while Block's surged more than 8% after news...
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...
The U.S. will levy a 30% tariff on South African exports next week, after Pretoria failed to reach a trade deal before President Donald Trump's deadline. The new rate is part of a broader executive...