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...
Markets may still be underestimating the risk of a full-blown U.S. recession following the sharp escalation in tariffs on Chinese goods, Goldman Sachs analyst said in a note. In the wake of the tariff announcement, U.S. markets experienced one of the largest two-day growth downgrades in decades, with implied GDP growth expectations dropping by 130 basis points—on par with shocks seen during COVID, the global financial crisis, and Black Monday in 1987, analysts said. Despite the massive selloff on Wall Street on April 3 and April 4, Goldman Sachs noted that markets have yet to fully price...
The United States said Tuesday that 104% tariffs on Chinese imports would go into effect shortly after midnight, even as the Trump administration moved quickly to begin talks with other trading partners targeted by President Donald Trump's sweeping tariff plans. U.S. stocks slumped on the news. Global markets had earlier posted gains on hopes that Trump might be willing to negotiate a series of country- and product-specific trade barriers he has built around the world's largest consumer market. The administration has scheduled talks with South Korea and Japan, two close allies and major...
Indonesia's consumer prices rose by 1.03% yoy in March 2025, below forecasts of a 1.16% gain, after a 0.09% drop in February. It was the highest inflation since last December as the electricity tariff returned to normal after discounting for the first two months of 2025 and rising consumption amid the Eid al-Fitr festive season. Core inflation, excluding administered and volatile food prices, stood at a 20-month high of 2.48%, slightly surpassing forecasts of a 2.50% rise. Monthly, the CPI increased by 1.65%, the most since December 2014, reversing a 0.48% fall in February, compared to...
US President Donald Trump continued his trend of issuing edicts via social media on Monday (07/4), lashing out at China's retaliatory tariffs last week. President Trump issued an Executive Order imposing "reciprocal" tariffs of 34% on all Chinese goods imported into the US on Wednesday, triggering retaliatory tariffs of 34% from China. The new 50% tariffs, which will be cumulative with the US's overall tariff of 10% and a targeted "reciprocal" tariff of 34%, will go into effect on Tuesday, April 8. If the Trump administration succeeds in imposing additional tariffs in the short term, US...
Imports to Germany increased by 0.7% month-over-month to EUR 113.8 billion in February 2025, easing from an upwardly revised 5% gain in the previous month. Arrivals from EU countries grew by 2.3%, mainly due to increased purchases from both the Euro area (2.8%) and the non-Euro area (1.4%). Meanwhile, arrivals from third countries declined by 1%, primarily driven by lower purchases from the US (-3.9%), the UK (-5.2%), and the Russian Federation (-4.5%). source: Federal Statistical OfficeExports from Germany rose by 1.8% month-over-month to a ten-month high of EUR 131.6 billion in February...
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...