Asia-Pacific markets traded higher, tracking Wall Street gains overnight. Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South Korea's Kospi climbed 0.83%, and the small-cap Kosdaq jumped 0.65%. Australia's benchmark S&P/ASX 200 added 0.41%. Futures for Hong Kong's Hang Seng index stood at 26,464, higher than its last close of 26,086.32. Equities in several parts of the world have been rallying as easing inflation pressures and expectations for U.S. rate cuts boost investor sentiment. "Momentum and the promise of...
Following the publication of the high-impact China's April activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday. Productivity demand grew steadily. Employment situation generally stable.Economy grew steadily in face of pressure, continues developing in an upward trend. China actively diversifying, expanding trade with Belt and Road initiative nations.But there are many favorable conditions for sustained economic recovery. Although external impact increased in April, the trend of economic recovery did not...
President Donald Trump will impose tariffs at the rate he threatened last month on trading partners that do not negotiate in "good faith" on deals, Treasury Secretary Scott Bessent said in television interviews on Sunday. He did not say what would constitute "good faith" negotiations or clarify the timing to announce any decisions to return a country to the various rates Trump initially imposed on April 2. Trump has repeatedly reversed course since then, notably on April 9, when he lowered his tariff rates on most imported goods to 10% for 90 days to give negotiators time to hash out deals...
Waktu terus berjalan bagi UE untuk mencapai kesepakatan dengan Washington dan menghindari guncangan tarif, tetapi Capital Economics memperingatkan bahwa peluang untuk mencapai terobosan sangat kecil karena defisit perdagangan yang besar dan perpecahan internal blok tersebut mengaburkan pembicaraan. Taruhannya tinggi: jika pembicaraan gagal menghasilkan kesepakatan sebelum batas waktu 9 Juli, hampir semua ekspor UE ke AS—sekitar 70% dari total pengiriman—akan dikenakan pungutan sebesar 20%, naik dari 10% saat ini. "Kami menduga kesepakatan AS-UE tidak akan segera terjadi. AS mungkin kurang...
China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating. China's new interest in Canadian oil comes as U.S. President Donald Trump's trade war has strained relations between longtime allies Washington and Ottawa. It also reflects the impact of U.S. sanctions on crude from countries like Russia and Venezuela. Canada is the world's fourth-largest oil producer, but its main oil-producing province of Alberta is landlocked with...
The University of Michigan's gauge of consumer sentiment fell slightly to 50.8 in a preliminary reading in May from 52.2 in the prior month. It was the fifth straight monthly decline. Inflation expectations have edged higher. Economists surveyed by the Wall Street Journal had forecast sentiment rising to 53.5. This is a breaking story. Check back here for updates. Source: Bloomberg
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
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...
Less than four months ago, President Donald Trump met with Qatar's leader, praised his magnificent palace, and signed a comprehensive defense agreement with the Gulf monarchy, a key ally that hosts...