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...
The European stock markets closed higher in Tuesday trading as The Stoxx Europe 600 rose 0.33%, Germany's DAX gained 0.50%, the FTSE 100 advanced 0.54%, France's CAC 40 increased 0.56%, and the Swiss Market Index was up 0.13%. In Germany, calendar and seasonally-adjusted exports declined 1.4% in May, while imports fell 3.8% compared with the previous month, according to the Federal Statistical Office. Compared with a year earlier, exports increased 0.4% and imports rose 4.2%. Meanwhile, the trade balance for May was 18.4 billion euros ($21.6 billion). And in corporate news, UBS made about...
Wall Street's main indexes opened mixed on Tuesday, as investors assessed President Donald Trump's latest tariff offensive, and hoped that upcoming trade talks with trading partners could defuse the threat of a full-blown trade war. At 09:31 a.m., the Dow Jones Industrial Average tab fell 60.05 points, or 0.14%, to 44,339.31, the S&P 500 opens new tab gained 2.58 points, or 0.05%, to 6,233.03 and the Nasdaq Composite opens new tab gained 62.52 points, or 0.31%, to 20,475.03. Source: Reuters
The Hang Seng climbed 260 points or 1.1% to end at 24,148 on Tuesday, closing higher for the first session in four amid broad-based gains led by tech, consumer, and financial stocks. Sentiment improved following a recent pledge from China's top leadership to tighten oversight on aggressive price-cutting by domestic firms, a move analysts say could support a rebound in producer prices and boost long-term corporate earnings. The tech index surged around 1.8% as several firms issued upbeat profit alerts, while consumer shares gained on optimism that subsidies from food delivery platforms in...
European stock indexes showed no clear direction on Tuesday (9/7), with the STOXX 50 and STOXX 600 moving sideways around the opening line. The main cause was the cautious attitude of investors who continued to monitor developments in trade negotiations between the United States and the European Union. This uncertainty made the market tend to wait and see without a strong direction. According to a Politico report, the US proposed a base tariff of 10% for all EU goods, but continued to reject the EU's request to remove tariffs from sensitive sectors such as cars, steel, aluminum, and...
Japanese stocks closed higher on Monday (8/7), with the Nikkei 225 index up 0.26% to 39,688.81, amid optimism that trade talks with the United States could still reach an agreement before new tariffs are imposed on August 1. This increase occurred even though US President Donald Trump has sent tariff warnings to 14 countries, including Japan, which will be subject to import tariffs of 25%. Trump still leaves room for negotiation, but also threatens to balance tariffs if there is retaliation. The tariff letter received by Japan is the same as other countries, and has raised concerns among...
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...