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&P 500 and Nasdaq 100 finished mostly muted near their records, while the Dow Jones dropped 142 points, pressured by a 2.2% decline in American Express shares. Trump reportedly demands a minimum 15-20% tariff in any deal with the EU, which is working to finalize an agreement before his August 1 deadline. On the corporate front, Netflix shares fell 5.1% despite beating revenue and earnings...
Europe's main stock indexes fell on Thursday, as sluggish market sentiment with geopolitical tensions boosting some safe-haven demand, while chip stocks were the biggest drag after sector forecaster Nvidia forecast disappointing earnings. The pan-European STOXX 600 index edged down 0.1%, as of 0820 GMT, heading for a fifth straight session of losses amid uncertainty over the escalating Ukraine-Russia conflict and the possible domestic fallout from a U.S. President Donald Trump victory Safe-haven bids for gold and the Swiss franc rose, while the dollar weakened on anticipation of more...
In Tokyo, the Nikkei 225 Index decreased 282 points or 0.74 percent on Thursday. Losses were driven by IHI (-3.83%), Mitsui Engineering & Shipbuilding (-3.59%) and East Japan Railway (-3.52%). Biggest rises came from Tokyo Gas (4.96%), M3 (4.40%) and Taiheiyo Cement (4.16%). Source: trading Economics
Hong Kong's shares increased 37 points or 0.2% to 19,735 on Thursday, marking the second session of gains amid strength mainly from the consumer sector. Investors considered remarks from Fed Boston President Susan Collins, who stated that additional interest-rate cuts are necessary, but policymakers should move neither too quickly nor too slowly. At the same time, traders monitored Trump's administration picks, particularly his choice for the Treasury secretary role. In China, stock markets were muted after the PBoC Wednesday held its key lending rates steady at record lows to help the...
The Nikkei 225 Index declined by 0.8% to around 38,030, while the broader Topix Index lost 0.2% to 2,693 on Thursday, as Japanese shares hit multi-week lows, largely driven by losses in the technology sector. The drop followed a sharp decline in Nvidia's stock after-hours, despite the company reporting better-than-expected quarterly results and providing strong forward guidance. Nvidia's struggles weighed heavily on the broader tech sector, with notable losses from Advantest (-4.1%), Disco (-2.7%), Lasertec (-1.4%), SoftBank Group (-2.4%), and Tokyo Electron (-1.4%). Other key index...
Asia-Pacific markets mostly fell on Thursday, with investors watching tech shares in the region after chipmaker Nvidia reported better-than-expected results. Nvidia reported a 94% year-on-year surge in revenue for the third quarter to $35.08 billion. However, that is still a consecutive slowdown from the previous three quarters, when sales rose 122%, 262%, and 265%, respectively. Net income during the quarter rose to $19.3 billion, versus $9.24 billion in the same period a year ago. All eyes are on Indian stocks related to billionaire Gautam Adani, after the chair of India's Adani Group...