Silver prices stabilized during the Asian session on Tuesday (August 5th), after rising in the previous two sessions, amid growing expectations of an interest rate cut by the Federal Reserve (Fed) in September. This non-interest-bearing precious metal continues to attract investor interest, particularly as a safe haven asset, as concerns about the Fed's independence mount. These concerns deepened after the surprise resignation of Fed Governor Adriana Kugler, opening the door for US President Donald Trump to accelerate his influence at the central bank by appointing a replacement who favors...
Japanese stocks rebounded, buoyed by the solid performance of US equities ahead of Trump's announcement on reciprocal tariffs, as well as a pause in the yen's strength. The Topix Index rose 1.2% to 2,690.37 as of 9:20 a.m. Tokyo time after a two-day loss of more than 5.6%. Sony Group Corp. contributed the most to the Topix's gain, increasing 1.9%. Out of 1,692 stocks in the index, 1,415 rose and 223 fell, while 54 were unchanged. The Nikkei climbed 1% to 35,986.04 after entering a technical correction Monday. Bank, insurance and financial shares rose,...
European markets traded sharply lower on Monday as global investors braced for U.S. President Donald Trump's trade tariffs to come into force. The regional Stoxx 600 index closed 1.51% lower, with nearly all sectors and major bourses firmly in negative territory. The final trading day of March marks the Stoxx 600′s first losing month of the year, with a loss of nearly 3%, according to LSEG data. However, in 2025 so far the index continues to outperform the U.S. S&P 500, which is on course to drop more than 6% in March. The global sell-off comes ahead of a raft of Trump tariffs set to...
U.S. stocks fell Monday as traders looked ahead to "Liberation Day" for clarity on President Donald Trump's tariff plans. The Dow Jones Industrial Average traded 228 points lower, or 0.6%. The S&P 500 dipped 1.2%, and the Nasdaq Composite shed 2.1%. Investors were in a risk-off mood again early Monday, selling the tech bull market winners like Nvidia, Tesla and Meta. A slew of tariffs previously announced by the Trump administration will go into effect on Wednesday — what Trump has called "Liberation Day" — including a 25% levy on "all cars that are not made in the United States." The...
European markets opened sharply lower on Monday as global investors braced for U.S. President Donald Trump's trade tariffs to come into force. The regional Stoxx 600 index was 1% lower shortly after the opening bell, with all sectors and major bourses firmly in negative territory. Germany's DAX index led losses, shedding 1.2% during early trade. The sell-off comes ahead of a raft of Trump tariffs set to come into effect on Wednesday, including a 25% levy on "all cars that are not made in the United States." By 8:18 a.m. in London on Monday, Europe's Stoxx Automobiles and Parts index was...
Hong Kong stocks shed over 1% to close at 23,120 on Monday, extending losses for a second session amid broad sector declines. Sentiment remained weak as investors braced for US reciprocal tariffs set for Wednesday. Meanwhile, an upbeat Chinese PMI failed to offer support despite data showing factory activity at a one-year high and service growth at a three-month high. On the corporate front, CK Hutchison dropped more than 3% after Chinese state media condemned its port sale near the Panama Canal to BlackRock's group. Other notable laggards included Sands China (-5%), Lenovo (-3.5%), Xiaomi...