European stocks opened the week on a cautious note, with both the STOXX 50 and STOXX 600 hovering near the flatline as investors closely monitor ongoing trade developments and digest a fresh wave of corporate earnings. No breakthrough has yet been achieved in the trade negotiations between the EU and the US. While talks are still underway, reports indicate that the EU is preparing retaliatory measures should an agreement fail to materialize before the US imposes a 30% tariff on European imports from August 1st. On the corporate front, Stellantis shares fell nearly 1.7% after the automaker...
The Nikkei 225 Index fell 0.2% to around 37,700 while the broader Topix Index dropped 0.6% to 2,770 on Thursday, giving back gains from the previous session as US stocks struggled for momentum overnight. The downturn followed a lackluster performance in US markets, where weak labor data raised concerns about the impact of trade policy uncertainty on the economy. The ADP report showed US private-sector hiring slowed to its lowest level in over two years. On the domestic front, data revealed a fourth straight monthly decline in real wages in April, as persistent inflation continued to...
Hongkong Stock Market Hong Kong stocks climbed 211 points or 0.9% to 23,869 on Thursday morning deals, increasing for the third session. Markets reached their highest level in two weeks, driven by broad-based sector gains and private survey data indicating a rebound in China's services activity in May, following a seven-month low in April. Optimism over potential U.S.-China trade talks also lifted sentiment as investors watched for signs of easing tensions. In other news, China has introduced a national tracking system for seven rare earth elements, following April's export restrictions and...
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