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...
Hong Kong equities rose 30 points or 0.1% to 24,768 in early trading on Wednesday, trying to extend gains for the fourth session, driven mainly by financial stocks. The market held at its highest level in three years as U.S. futures inched higher following a weak Wall Street session, with investors cautiously awaiting the Federal Reserve's interest rate decision. In China, the PBoC is anticipated to keep its key lending rates at record lows during Thursday's monthly review. Meanwhile, Beijing's broad initiative to spur consumption and reduce the effects of rising tariffs continued to...
The Nikkei 225 gained 0.6% to surpass 38,000, while the broader Topix Index rose 0.8% to 2,805 on Wednesday, extending recent gains as investors awaited the Bank of Japan's latest monetary policy decision. The central bank is widely expected to keep interest rates steady at 0.5% amid ongoing global economic and trade uncertainties. The monthly Reuters Tankan survey revealed that sentiment among Japanese manufacturers turned negative in March due to concerns over US tariff policies and economic weakness in China. Meanwhile, data showed that Japan's trade balance swung to a surplus in...
Stocks pulled back Tuesday as a sell-off that has engulfed Wall Street in recent weeks resumed after two straight winning sessions. The Dow Jones Industrial Average lost 260 points, or 0.6%. The S&P 500 shed 1%, nearing correction territory. The Nasdaq Composite dropped 1.7%. Tesla, one of the stocks hardest hit during the market's recent correction, was down yet again on Tuesday. The stock fell more than 5% after RBC Capital Markets lowered its price target on the electric vehicle name, citing rising competition in the EV space. It's declined more than 36% over the past month. The...
Stocks pulled back Tuesday as a sell-off that has engulfed Wall Street in recent weeks resumed after two straight winning sessions. The Dow Jones Industrial Average lost 416 points, or 1%. The S&P 500 shed 1.3%, nearing correction territory; it traded 8.8% below its record. The Nasdaq Composite dropped 1.8%.Tesla, one of the stocks hardest hit during the market's recent correction, was down yet again on Tuesday. The stock fell almost 5% after RBC Capital Markets lowered its price target on the electric vehicle name, citing rising competition in the EV space. It's declined about 36% over...
The Hang Seng surged 595 points or 2.5% to end at a 3-year high of 24,740 on Tuesday, keeping solid gains for the second day amid broad-based sector advances. The tech index led the rally, jumping 4% and tracking a rise at the Nasdaq Golden Dragon China Index Monday, ahead of tech earnings. BYD Co. hit a record after unveiling new fast-charging that rivals traditional refueling times. Baidu soared 12.2% after launching new AI models, while Alibaba and Tencent each climbed 5.5% and 3.0%. Consumers and financials also saw strong gains, buoyed by strong spending in China during early 2025, 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...
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...