Federal Reserve Governor Christopher Waller said on Thursday he continues to believe the U.S. central bank should cut interest rates at the end of this month amid mounting risks to the economy and the strong likelihood that tariff-induced inflation will not drive a persistent rise in price pressures. "It makes sense to cut the FOMC's policy rate by 25 basis points two weeks from now," Waller told a gathering of the Money Marketeers of New York University. "I see the hard and soft data on economic activity and the labor market as consistent: The economy is still growing, but its momentum...
US President Donald Trump says he will unveil unilateral tariff rates within two weeks Hong Kong stocks fell on Thursday, following declines in the US, as investors contended with new trade threats from Washington and uncertainty over trends in interest rates. The Hang Seng Index dropped 0.8 per cent to 24,176.63 at 9.55am local time, wiping out Wednesday's gains following a preliminary US-China trade agreement. The Hang Seng Tech Index dropped 1.5 per cent. On the mainland, the CSI 300 Index lost 0.2 per cent and the Shanghai Composite Index retreated 0.1 per cent. Technology stocks...
Japan's Nikkei Stock Average is down 0.1% at 38386.45 as falls in electronics stocks offset gains in bank and heavy industry shares. Kioxia Holdings is down 2.9% and Lasertec is 0.7% lower, while Resona Holdings is 1.1% higher and Kawasaki Heavy Industries is up 1.8%. The broader market index Topix is 0.1% higher at 2792.76. USD/JPY is at 144.24, down from 145.22 as of Wednesday's Tokyo stock market close. Investors are closely watching any developments related to U.S. tariffs and the war in Ukraine. Source: Dow Jones Newswires
Asia-Pacific markets traded mixed as investors assessed U.S. President Donald Trump's declaration that a trade deal with China was "done." Chinese imports would invite 55% tariffs, Trump suggested. Commerce Secretary Howard Lutnick confirmed that tariffs on China will stay at that level. Japan's benchmark Nikkei 225 was down 0.10% while the broader Topix added 0.12%. South Korea's Kospi climbed 0.34%, and the small-cap Kosdaq was little changed. Australia's S&P/ASX 200 was up 0.25%. Futures for Hong Kong's Hang Seng index last traded at 24,252, pointing to a weaker open compared to...
Stock futures were relatively unchanged on Wednesday after the S&P 500 saw its first negative session in four. S&P 500 futures traded down by 0.1%, along with Nasdaq 100 futures tied to the Dow Jones Industrial Average dropped 44 points, or 0.1%. In extended trading, shares of Oracle surged more than 7% after its fiscal fourth-quarter results beat on the top and bottom lines. The company also indicated more cloud growth ahead, saying in a statement that cloud infrastructure revenue will rise by more than 70% in fiscal 2026, up from a 50% growth rate in the prior fiscal...
The three major U.S. indexes hovered around the flatline on Wednesday as traders digested a weaker-than-expected CPI report and digested the latest developments in the U.S.-China trade war. All major inflation measures came in below expectations, suggesting that consumers are yet to feel the impact of President Trump's tariffs, perhaps because the most severe duties are still on hold or because businesses are still absorbing the extra costs. The data bolstered views that the Fed could cut interest rates twice this year. Meanwhile, President Trump said a trade deal with China was done....
According to a statement by the Federal Reserve (Fed), Fed Chair Jerome Powell met with United States (US) President Donald Trump on Thursday, where the head of the Fed reiterated that the Fed's...
The Reserve Bank of Australia (RBA) maintained its cash rate at 4.1% during its April meeting, holding borrowing costs unchanged after slashing 25 bps in the February meeting, aligning with market...