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...
In February, US private sector employment grew by just 77K, lower than the initial estimate of 140K, according to the latest Automatic Data Processing (ADP) report. It was also lower than January's 183K. (Newsmaker) Source: FXstreet
Britain's finance minister said on Tuesday she was hopeful of securing a trade deal with the U.S. to avoid possible trade tariffs, but warned Britain was still likely to be hurt by duties imposed on other countries. Countries worldwide are scrambling to shield themselves from potential tariffs during U.S. President Donald Trump's second term in office. His administration's new tariffs on imports from Mexico and Canada, along with a doubling of duties on Chinese goods, took effect earlier on Tuesday. "I think there's every reason to be hopeful about coming to some sort of a trade deal,"...
China has retaliated against the new US tariffs by increasing import levies on a range of American agricultural and food products. The tariff increases announced Tuesday range from 10% to 15%. In addition, China has imposed export and investment restrictions on 25 US companies, citing national security concerns. China's foreign ministry said Tuesday that if the United States is determined to launch a trade war or tariffs, China will respond accordingly. The response will come in the form of countermeasures aimed at protecting China's rights and interests, according to ministry spokesman Lin...
On Tuesday (04/03), China swiftly retaliated against the new US tariffs by announcing a 10%-15% increase in import tariffs covering a range of American farm and food products, as well as imposing export and investment restrictions on 25 US companies. COMMENTARY: OLE HANSEN, HEAD OF COMMODITY STRATEGY, SAXO BANK "From a pricing perspective, this comes at a very bad time for US corn prices, which are already under selling pressure from hedge funds who have in recent months amassed very large and sustained bets on higher prices. "This will further increase China's dependence on Brazilian...
Asia-Pacific markets were set to fall Tuesday, tracking Wall Street declines overnight after U.S. President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned. Japan's benchmark Nikkei 225 was set to open lower, with the futures contract in Chicago at 37,345 while its counterpart in Osaka last traded at 37,300, against the index's last close of 37,785.47. Japan's employment rate for January came in at 2.5%, slightly higher than Reuters' estimates of 2.4%. Futures for Hong Kong's Hang Seng index stood at 22,910 pointing to a weaker open compared to...
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...