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...
European shares rebounded on Tuesday, with the Stoxx 50 and Stoxx 600 rising about 0.2%, supported by broader market gains. Investors remained focused on US trade policy developments, with some hope after the White House said Presidents Trump and Xi may speak this week, despite rising trade tensions. Caution persisted as Trump's unpredictable tariff plans continued to unsettle markets. The US administration also asked an appeals court to pause a ruling that could block new tariffs and urged countries to submit trade proposals by Wednesday. In Europe, attention turned to upcoming euro zone...
Japan stocks were lower after the close on Tuesday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.05%. The best performers of the session on the Nikkei 225 were IHI Corp. (TYO:7013), which rose 6.07% or 875.00 points to trade at 15,280.00 at the close. Meanwhile, M3 Inc (TYO:2413) added 6.05% or 122.50 points to end at 2,146.00 and Kawasaki Heavy Industries, Ltd. (TYO:7012) was up 6.02% or 615.00 points to 10,825.00 in late trade. The worst performers of the session were Suzuki Motor Corp....
Asia-Pacific markets mostly rose Tuesday following gains on all three Wall Street benchmarks overnight, despite mounting global trade frictions. China pushed back against the U.S.′ accusations that it had violated a temporary trade agreement. Instead, the Asian powerhouse blamed Washington for failing to uphold the deal — a sign that negotiations between the world's two largest economies are deteriorating. Meanwhile, the European Union criticized U.S. President Donald Trump's intention to double steel tariffs to 50%, saying that such a move "undermines" its own negotiations with the U.S....
(Hong Kong) In the financial markets today, the Hang Seng Index opened with a gain of 123 points or 0.53%, reaching 23,281 points. The state-owned enterprise index also saw an increase of 47 points or 0.57%, hitting 8,407 points, while the technology index climbed by 27 points or 0.54% to 5,162 points. Tech stocks are performing well, with Tencent rising by 1.1% and crossing the 500 yuan threshold. Other major tech companies like Alibaba, Meituan, Xiaomi, JD.com, and Kuaishou saw stable movements. Financial stocks are holding steady, with HSBC Holdings, AIA Group, China Ping An, and Hong...
The Nikkei 225 Index rose 0.4% to above 37,600 on Tuesday, snapping a two-day decline and taking cues from a positive lead on Wall Street despite investor concerns over rising global trade tensions. US President Donald Trump's recent announcement to double tariffs on steel imports to 50% drew criticism from key trading partners and raised concerns about potential ripple effects on Japan's steel industry. Meanwhile, China rejected Trump's claims that it had breached a temporary trade agreement, adding uncertainty to the outlook for future negotiations. With no major domestic economic data...
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...