European stocks posted slight declines on Monday (July 21st) as markets continued to assess the trade outlook in the European Union. The Eurozone STOXX 50 fell 0.3% to close at 5,342, and the pan-European STOXX 600 fell 0.1% to 546. US officials maintained the threat of 30% tariffs on EU exports while the EU Commission continued to negotiate lower tariffs ahead of the August 1st deadline. Meanwhile, the EU also signaled that aggressive retaliation would be pursued if no deal was reached, risking escalation and higher prices in the bloc. Shares of luxury goods giants led the decline in the...
U.S. stocks edged higher on Wednesday as the market digested weak economic data while keeping an eye on trade developments. The S&P 500 rose 0.1%, the Nasdaq gained 0.4%, and the Dow gained about 50 points, extending gains for a third straight session. Tech stocks continued to provide support, although enthusiasm was tempered by disappointing labor market data. Nvidia rose 3%, surpassing Microsoft and becoming the world's most valuable public company once again. Private sector hiring rose just 37,000 in May, the weakest in more than two years, and the ISM services index fell to 49.9,...
The European stock markets closed higher in Wednesday trading as the Stoxx Europe 600 gained 0.49%, Germany's DAX was up 0.8%, the FTSE 100 increased 0.14%, France's CAC 40 advanced 0.53%, and the Swiss Market Index rose 0.47%. The European Commission adopted a new water resilience strategy aiming to secure clean, affordable water, restore the water cycle and foster a sustainable water economy. The commission said that the strategy consists of over 30 actions to tackle climate impacts and boost competitiveness. Euro area bank interest rates generally declined in April, with composite costs...
U.S. stocks inched up in choppy trading on Wednesday after weaker-than-expected private payrolls data deepened concerns about the Trump administration's erratic trade policies pressuring the labor market. The Dow Jones Industrial Average (.DJI), opens new tab rose 54.5 points, or 0.13%, at the open to 42,574.13. The S&P 500 (.SPX), opens new tab rose 8.6 points, or 0.14%, at the open to 5,978.94, while the Nasdaq Composite (.IXIC), opens new tab rose 36.0 points, or 0.19%, to 19,434.94 at the opening bell. Source: Reuters
The Hang Seng rose 141 points or 0.6% to close at 23,654 on Wednesday, marking a second straight day of gains amid optimism that an upcoming call between U.S. President Trump and China's Xi Jinping could ease trade tensions. The deadline also loomed for U.S. trading partners to submit proposals to avoid steep tariffs set to take effect in five weeks. Hong Kong's healthcare index led sector gains, up around 3% as investors bet on earnings growth from innovative drug makers. Innovent Biologics surged 13.8%, followed by CSPC Pharma (2.8%), Hansoh Pharma (2.6%), and Wuxi Biologics (1.6%)....
European shares inched up on Wednesday on gains in Airbus shares, while sentiment remained cautious ahead of a deadline for U.S. trading partners to make their "best offers" and as the U.S. levies on steel and aluminium imports kick in. Airbus SE (OTC:EADSY) shares rose 3.4% after Bloomberg News reported Chinese airlines are considering ordering hundreds of aircraft as soon as next month. The pan-European STOXX 600 rose 0.3% by 0707 GMT, having rallied about 15% from its early April lows as U.S. President Donald Trump paused sweeping tariffs and struck a trade agreement with the...