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...
European stocks closed mostly flat on Tuesday, recovering from losses of more than 1% earlier in the session after weaker-than-expected euro zone inflation data reinforced expectations for a 25 basis point interest rate cut by the ECB later this week. Meanwhile, global growth concerns weighed on sentiment after the OECD cut its outlook, projecting world GDP to slow from 3.3% in 2024 to 2.9% in 2025 and 2026, citing rising trade tensions. Adding to market jitters, political instability in the Netherlands deepened as the government collapsed over disagreements on immigration policy. In...
Stocks were little changed Tuesday, following modest gains seen in the first session of June, as growth concerns increased and traders awaited more details on potential U.S. trade deals. The S&P 500 and Dow Jones Industrial Average each hovered around the flatline. The Nasdaq Composite, however, was higher by 0.4%. Tuesday's declines follow the Organization for Economic Co-operation and Development cutting its U.S. growth outlook. The OECD now sees the U.S. economy expanding by just 1.6%, down from 2.2%. Treasury yields declined, as traders sought out safety. The benchmark 10-year...
The Hang Seng surged 354 points or 1.5% to end at 23,512 on Tuesday, reversing Monday's losses amid strength in all sectors. Hopes that President Trump and China's leader Xi Jinping may speak this week boosted sentiment, signaling a potential easing in trade tensions. Meantime, Finance Secretary Paul Chan reaffirmed Hong Kong's 2025 GDP growth target of 2% to 3%, citing solid Q1 data as well as recent monetary easing and business support measures in China. In corporate news, Vodafone and CK Hutchison finalized their UK merger, launching VodafoneThree with plans to invest £11 billion over...
European shares rebounded on Tuesday, with the Stoxx 50 and Stoxx 600 rising about 0.2%, supported by broader market gains. Investors remained focused on US trade policy developments, with some hope after the White House said Presidents Trump and Xi may speak this week, despite rising trade tensions. Caution persisted as Trump's unpredictable tariff plans continued to unsettle markets. The US administration also asked an appeals court to pause a ruling that could block new tariffs and urged countries to submit trade proposals by Wednesday. In Europe, attention turned to upcoming euro zone...
Japan stocks were lower after the close on Tuesday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.05%. The best performers of the session on the Nikkei 225 were IHI Corp. (TYO:7013), which rose 6.07% or 875.00 points to trade at 15,280.00 at the close. Meanwhile, M3 Inc (TYO:2413) added 6.05% or 122.50 points to end at 2,146.00 and Kawasaki Heavy Industries, Ltd. (TYO:7012) was up 6.02% or 615.00 points to 10,825.00 in late trade. The worst performers of the session were Suzuki Motor Corp....