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...
The Nikkei 225 Index fell 0.4% to below 39,700 while the broader Topix Index dropped 0.6% to 2,810 on Thursday, erasing gains from the previous session as stalled trade negotiations between the US and Japan weighed on sentiment. US President Donald Trump recently announced a 25% tariff on Japanese goods, set to take effect on August 1, while ruling out any deadline extensions. Japanese Prime Minister Shigeru Ishiba called the move "truly regrettable," though he reaffirmed Japan's willingness to continue dialogue in pursuit of a mutually beneficial agreement. According to a think tank, the...
Asia-Pacific markets open mixed on Thursday after U.S. President Donald Trump announced that the U.S. will slap a 50% tariff on Brazilian imports beginning August 1. In a letter, Trump said the new tariff — a sharp increase from the 10% rate set in April — is also meant to address what he called a "very unfair trade relationship" between the U.S. and Brazil. The steep rise is also partly in retaliation for the ongoing prosecution of the country's former president, Jair Bolsonaro, Trump added. Opening calls from sunny Singapore Good morning from Singapore! Asia-Pacific markets are set to...
US stocks closed higher on Wednesday (July 9th) as investors weighed the impact of expanding tariffs on corporate earnings and future Federal Reserve policy. The S&P 500 rose 0.6%, snapping a two-day losing streak, while the Dow rose 217 points and the Nasdaq 100 gained 0.7% after Nvidia briefly touched a $4 trillion valuation. The minutes of the Fed's June meeting revealed that officials viewed the newly announced tariffs as inflationary, leading them to delay further interest rate cuts earlier this year. The release came shortly after President Trump expanded the list of countries...
The European stock markets closed higher in Wednesday trading as the Stoxx Europe 600 rose 0.73%, Germany's DAX advanced 1.30%, the FTSE 100 was up 0.15%, France's CAC 40 increased 1.44%, and the Swiss Market Index gained 0.30%. In corporate news, British oil and gas giant BP said Wednesday that it reached an agreement to sell its mobility and convenience and BP pulse businesses in the Netherlands, which includes 300 fuel retail sites and 15 electric vehicle charging hubs, to Catom. Pharmaceutical company Merck said Wednesday that it has agreed to acquire UK-based biopharmaceutical company...
Wall Street's main indexes opened higher on Wednesday, as investors shrugged off President Donald Trump's aggressive tariff moves and kept a close watch on negotiations with global trade partners. At 9:31 a.m. ET, the Dow Jones Industrial Average opens new tab rose 177.94 points, or 0.40%, to 44,418.70, the S&P 500, opens new tab gained 25.54 points, or 0.41%, to 6,251.06 and the Nasdaq Composite, opens new tab gained 118.04 points, or 0.58%, to 20,536.50. Source: Reuters