Global stock markets rallied at the start of the week amid growing optimism that the US government shutdown will soon end. S&P 500 futures rose 0.5%, while the Nasdaq 100 gained 0.8%, after Senate Republican leader John Thune said a deal to end the 40-day shutdown was "taking shape." Several Democratic senators were reportedly ready to support the bill if final details could be agreed upon. Positive sentiment was also evident in Asian markets, with South Korean stocks leading the gains. Meanwhile, US Treasury yields rose to 4.12% as investors shifted to riskier assets, while the...
The Nikkei 225 Index fell 0.9% to below 38,800, while the broader Topix Index dropped 0.8% to 2,745 on Thursday, extending losses from the previous session as concerns over US President Donald Trump's escalating tariff threats weighed on market sentiment. Trump recently announced plans to impose 25% tariffs on imports of autos, semiconductors, and pharmaceuticals—sectors that are crucial to Japan's economy. In addition, minutes from the latest US Federal Reserve meeting revealed that policymakers would prefer to see further progress on inflation before making additional interest rate cuts....
The S&P 500 rose to a record on Wednesday, as stocks held firm despite President Donald Trump's threats of more tariffs and the Federal Reserve's continued cautious stance. The S&P 500 rose 0.1%, notching its second straight record. The Nasdaq Composite fell 0.02%, while the Dow Jones Industrial Average was flat. Microsoft rose 1% and led the broader technology sector higher after the company unveiled its first quantum computing chip. Nvidia rose 1% while Tesla rose more than 2%. Analog Devices jumped nearly 10% after posting better-than-expected quarterly results on both top and...
European stocks closed sharply lower on Wednesday, retreating from the previous session's record highs amid downbeat corporate earnings and trade tensions, while investors weighed up the potential for a European bond issue. The eurozone STOXX 600 fell 1.4% to close at 5,458 and the pan-European STOXX 600 dropped 1% to close at 552. Financials and consumer discretionary stocks were among the biggest losers, with Allianz, Munich RE, Santander, Hermes and Inditex all down nearly 3%. Carmakers also tumbled after U.S. President Donald Trump hinted at tariffs on imported vehicles and parts....
US stocks were lower on Wednesday, with three major indexes slipping about 0.3%, as markets pulled back after the S&P 500 reached a record high in the previous session. Investor sentiment was weighed down by renewed concerns over trade tensions after President Donald Trump signaled he would likely impose 25% tariffs on automobile, semiconductor, and pharmaceutical imports, with an announcement expected as soon as April 2. Traders also awaited the release of the FOMC minutes later in the day for further insight into the Federal Reserve's policy outlook. In its January meeting, the...
The European stocks rally took a pause on Wednesday amid mixed earnings and after President Donald Trump's latest tariff threats stoked concern about a widening trade war. The Stoxx 600 Index fluctuated at the open after a gain of around 10% so far this year. Glencore Plc slipped after profit fell, while HSBC Holdings Plc posted better-than-expected earnings. A tech-led advance in Asia stumbled. US equity futures were steady. Trump brandished possible levies of around 25% on automobile, semiconductor and pharmaceutical imports, with an announcement...