Australia will release its July monthly employment report on Thursday at 1:30 GMT, following the Reserve Bank of Australia (RBA) decision to trim the Official Cash Rate (OCR) by 25 basis points (bps) to 3.6%. The Australian Bureau of Statistics (ABS) is expected to announce that the country added 25,000 new job positions in the month, after adding the measly 2,000 announced in June. The Unemployment Rate is foreseen declining to 4.2% after spiking to 4.3% in the previous month, while the Participation Rate is expected to remain unchanged at 67.1%. Australian ABS reports both full-time and...
Shares in Hong Kong plunged 380 points or 1.7% to 222,631 on the Tuesday morning session following modest gains in the prior session. The steep decline followed a rout on Wall Street overnight after US President Trump confirmed that tariffs on key trading partners would take effect today. Meanwhile, China's state-backed Global Times said Beijing was preparing tariff countermeasures, potentially targeting US agricultural exports and increasing the prospect of tit-for-tat tariffs. Markets notched their lowest in nearly two weeks, with all sectors dragging down the benchmark Hang Seng index....
The Nikkei 225 Index fell 1.6% to below 37,200, while the broader Topix Index dropped 0.7% to 2,710 on Tuesday, erasing gains from the previous session and tracking a sharp decline in US stocks overnight. This came after US President Donald Trump confirmed that tariffs on key trading partners would take effect on Tuesday. Analysts are warning that markets may be underpricing tariff risks given how quickly a global trade war could escalate. In Japan, investors reacted to data showing an unexpected rise in the unemployment rate, which climbed to 2.5% in January from 2.4% in...
European markets closed higher on Monday, amid a charge in defense shares after regional leaders held security talks that touched on bolstered military spending. The regional Stoxx 600 index moved between losses and gains in early deals before closing 1.1% higher. The Stoxx Europe aerospace and defense index rose by 8%, marking its best session in five years.Among the biggest movers were Germany's Hensoldt, closing 22.3% higher, Italy's Leonardo, which was up 16%, and Dassault Aviation, which gained 15%. Sweden's Saab, France's Thales, and Britain's BAE Systems also crowded the top of...
The S&P 500 retreated on Monday, struggling to rebound from February's rout as a deadline on President Donald Trump's tariff policies this week ratcheted up economic concerns. The broad index fell 0.2%. The Dow Jones Industrial Average dropped 66 points, or 0.2%. The Nasdaq Composite slid 0.4%, weighed down by Nvidia's slide of more than 5%. Those moves come after the three major indexes notched losses for February, which concluded last week. The Dow and S&P 500 each slipped more than 1% in February, while the tech-heavy Nasdaq Composite recorded its worst month since April 2024...
The S&P 500 edged higher on Monday, as investors weighed a looming tariff deadline against opportunity in some of the more volatile investments of the past year like Tesla. The broad index climbed 0.4%, while the Dow Jones Industrial Average gained 174 points, or 0.4%. The Nasdaq Composite flickered around flat, as a slide of 4% in Nvidia mitigated gains elsewhere within the technology sector. The broader market got upward momentum from Tesla, which jumped more than 3% after Morgan Stanley analyst Adam Jonas said it could rebound. Palantir, another retail investor favorite, jumped more...
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...
US President Donald Trump said he would be speaking to European leaders shortly as he prepares for his summit later this week with Russian counterpart Vladimir Putin.
"Will be...