Asia-Pacific markets rose on Monday on optimism that U.S.-China trade tensions could ease after the two superpowers held talks in Switzerland over the weekend.
Both countries touted a positive conclusion to high-stakes trade talks, with U.S. officials touting a deal to reduce their trade deficit, while Chinese leaders said they had reached an "important consensus."
U.S. Treasury Secretary Scott Bessent noted that the talks resulted in "significant" productivity gains. Meanwhile, Chinese Vice Premier He Lifeng said a joint statement containing "good news for the world" would be released on Monday.
Mainland China's CSI 300 Index rose 0.42% in early trade, while Hong Kong's Hang Seng Index gained 0.86%.
Japan's benchmark Nikkei 225 index rose 0.29% while the broader Topix index was flat. In South Korea, the Kospi index rose 0.59% while the small-cap Kosdaq index gained 0.47% in choppy trading. In Australia, the benchmark S&P/ASX 200 index rose 0.4%. Investors will be keeping a close eye on Indian stocks, following India's ceasefire with Pakistan over the weekend. The two rivals have been locked in a fierce exchange of fire — the worst in nearly three decades — with missiles and drones fired at each other's military installations.
U.S. futures jumped as investors awaited more details on a trade deal between the U.S. and China.
That followed a decline in all three major Wall Street benchmarks on Friday.
The 30-share Dow Jones Industrial Average fell 119.07 points, or 0.29%, to close at 41,249.38. Meanwhile, the broad-based S&P 500 index fell 0.07%, closing at 5,659.91, while the Nasdaq Composite ended the session little changed, ending at 17,928.92. (Newsmaker23)
Source: CNBC
The S&P 500 rose 0.3% to a fresh record high on Thursday, while the Nasdaq gained 0.6% and the Dow Jones hovered near the flatline. Investors kept a cautious eye on the ongoing US government shut...
European stocks were on Thursday, with the STOXX 50 up 1% and the STOXX 600 gaining 0.6%, extending the previous session's rally that drove both benchmarks to fresh record closes. Technology shares we...
Asian markets opened higher, following a global rally that pushed world indexes to new records, despite the US entering its first government shutdown in nearly seven years. Japan, South Korea, and Aus...
Wall Street's indexes closed at record highs on Wednesday, buoyed by strong sector performance and optimism that the US government shutdown will be brief. Investors shrugged off the first day of the ...
Europe's STOXX 600 closed at a record high on Wednesday, with healthcare stocks leading the way after a U.S.-Pfizer deal reduced uncertainty in the sector, while investors digested the beginning of a ...
The bottom line: The release of official US data is delayed because the federal government is currently in shutdown. While the budget hasn't been passed, the Antideficiency Act prohibits federal agencies from spending funds—including on statistical...
Gold (XAU/USD) trades with a negative bias on Thursday, trimming recent gains after posting a fresh all-time high near $3,895 on Wednesday. At the time of writing, XAU/USD trades around $3,820 during the American session, down over 1.0% after...
The S&P 500 rose 0.3% to a fresh record high on Thursday, while the Nasdaq gained 0.6% and the Dow Jones hovered near the flatline. Investors kept a cautious eye on the ongoing US government shutdown, though markets largely shrugged off...
Asia-Pacific markets opened mixed Wednesday, following gains on Wall Street ahead of a potential U.S. government shutdown as lawmakers continue to...
Federal Reserve (Fed Bank of New York President John C. Williams hit the newswires on Monday, expressing his general cautiousness toward further...
The Institute for Supply Management's (ISM) data showed the Manufacturing PMI edging higher to 49.1 in September, up from 48.7 in August and...
In a statement after the September policy meeting, the Reserve Bank of Australia said:
"With signs that private demand is recovering, indications...