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...
The STOXX 50 rose 0.5%, while the STOXX 600 gained 0.4% on Tuesday, rebounding from a subdued session the day before, as traders closely monitored US trade policy developments. President Donald Trump stated that not all of the proposed tariffs set for April 2 would be implemented and that some countries might receive exemptions. However, he also signaled plans to impose new tariffs on autos and pharmaceuticals soon. Meanwhile, investors await the release of Germany's Ifo Business Climate indicator later today for further insights into economic sentiment. On the corporate front, banks and...
The Hang Seng slumped 561 points or 2.4% to end at an almost 2-week low of 23,344 on Tuesday, reversing gains from a day earlier amid broad-based losses. Traders booked profits ahead of quarter-end, as earnings reports and Beijing's latest stimulus had largely been priced in. The tech index tumbled 3.8%, with Xiaomi sinking 6.1% after planning to raise up to $5.27 billion through a share sale. Alibaba fell almost 4% after warning of rising data center costs, while Sunny Optical plunged 9.9% on concerns over a capacity glut. Consumer and financial stocks also declined, bucking a broader...
Japanese stocks rose after the close on Tuesday (3/25), as gains in the Electric Power, Rubber and Chemicals, Oil & Plastics sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 was up 0.52%. The best performers on the Nikkei 225 were Nexon Co Ltd (TYO:3659), which rose 9.02% or 185.00 points to trade at 2,236.00 at the close. Meanwhile, Mitsubishi Estate Co Ltd (TYO:8802) rose 4.81% or 119.00 points to close at 2,593.00 and DeNA Co Ltd (TYO:2432) gained 3.71% or 130.00 points to 3,635.00 at the close. The worst performers on the session were Advantest Corp....
Hong Kong stocks plunged 487 points, or 2.0%, to 23,417 on Tuesday morning, reversing gains from the previous session amid concerns over the risk of a U.S. recession and the threat of Chinese deflation. Meanwhile, S&P Global warned that Beijing's stimulus efforts may not fully offset the impact of new U.S. tariffs amid slowing growth. Separately, U.S. stock futures slumped after Fed's Bostic projected just one interest rate cut this year, citing rising inflation on tariff concerns. To limit further losses, China's government has promised more proactive macro policies this year....
Asia-Pasifik Naik Setelah Wall Street Menguat karena Ekspektasi Tarif Trump yang Lebih Rendah Asia-Pacific markets rose Tuesday as Wall Street gained overnight on hopes that U.S. President Donald Trump's tariffs could be be softer than expected. Australia's S&P/ASX 200 climbed 0.52%. The country's budget will be tabled by Treasurer Jim Chalmers later in the day. Japan's benchmark Nikkei 225 gained 0.80%, while the broader Topix index increased 0.26%. Over in South Korea, the Kospi index advanced 0.17% while the small-cap Kosdaq added 0.13%. Mainland China's CSI 300 traded flat while...
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...