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
Stocks in the US closed near the flatline on Friday as investors weighed President Trump's push for higher tariffs on the European Union against strong economic data and corporate earnings. The S&...
The S&P 500 briefly touched an all-time high before hovering flat in the afternoon session, while the Nasdaq dipped 0.2% as investors weighed strong economic data against latest batch of corporate...
The S&P 500 rose 0.2% and the Nasdaq gained 0.4% on Friday (July 18), extending gains after both indexes closed at record highs the previous day. Meanwhile, the Dow Jones Industrial Average hovere...
The STOXX 50 gained 0.4% and the STOXX 600 rose 0.3% on Friday, as investors closely monitored corporate earnings and news, while staying on edge for any signs of progress in trade negotiations betwee...
Australian equities notched a record high as Asia-Pacific markets tracked Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings. Aus...
The EUYR/USD finished Friday's session with gains of over 0.26% amid a weaker US Dollar, following dovish comments by Fed Governor Christopher Waller, which weighed on US Treasury yields. Still, an improvement in Consumer Sentiment capped the...
The U.S. dollar slipped against the euro on Friday but held on to weekly gains, as investors weighed expected Federal Reserve policy amid signs that tariffs may be starting to increase some inflation pressures and as U.S. President Donald Trump...
Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economic force. "When I heard about this group from...
Unemployment claims fell 7,000 to 221,000 in the week ending July 12, compared with the median estimate of 233,000, according to Labor Department...
The Producer Price Index (PPI) for final demand in the US rose 2.3% annually in June, according to data published by the US Bureau of Labor...
President Donald Trump said Wednesday he plans to send a single letter to over 150 countries outlining the tariff rate they will face, saying, "It's...
The United States Commerce Department is set to impose preliminary anti-dumping duties of 93.5% on graphite imported from China after concluding the...