The European stock markets closed sharply lower in Friday trading as The Stoxx Europe 600 fell 1.8%, Germany's DAX dropped 2.5%, the FTSE 100 was down 0.7%, France's CAC decreased 2.9%, and the Swiss Market Index declined 0.8%. The annual inflation rate in the euro area was an estimated 2.0% in July, which is unchanged from June, according to a flash estimate from Eurostat, the EU's statistical office. Analysts had been expecting 1.9%, according to Bloomberg. Eurostat said food, alcohol, and tobacco are expected to have the highest annual rate in July at 3.3%, compared with 3.1% in...
US stocks were higher on Monday as markets reconsidered concerns around uncertain trade policy passed by the Trump Presidential administration. The S&P 500 and the Nasdaq gained over 1% each and the Dow was 350 points higher. The White House paused the aggressive tariffs on computers and electronics from their reciprocal tariff package, including those on China, but Trump clarified that the temporary relief was only announced because sector-specific tariffs on computers and semiconductors will be placed shortly after. The moves extended the constantly-changing trade policy that has...
The Hang Seng jumped 503 points or 2.4% to end at 21,417 on Monday, marking its second straight session of gains and the highest close in two months. Broad-based buying boosted sentiment, with the tech sector up 2.3%, after the Trump administration granted tariff exclusions on tech goods —most of which are imported from China. Traders largely ignored the possibility that new US tariffs, including on chips, may be imposed in the coming weeks or months. Optimism was also supported by Beijing's ongoing efforts to calm its domestic markets, including a cap on daily net sales by individual...
European stocks started the week on a strong note, with the STOXX 50 climbing 2.1% and the STOXX 600 gaining 1.9%, as traders reacted positively to President Trump's late-Friday announcement of a temporary pause on reciprocal tariffs for a range of tech and consumer electronics. The pause includes the baseline 10% tariff on all countries although a 20% tariff on Chinese goods remains in effect. Trump also said he will still apply tariffs to phones, computers and popular consumer electronics and that details on a tariff rate for semiconductors would be announced soon. Leading the gains were...
Japanese stocks rose after the close on Monday (4/14), as gains in the Real Estate, Banking and Textile sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 was up 1.27%. The best performers on the Nikkei 225 were Taiyo Yuden Co., Ltd. (TYO:6976), which rose 6.01% or 120.00 points to close at 2,116.00. Meanwhile, Alps Electric Co., Ltd. (TYO:6770) rose 5.96% or 79.00 points to close at 1,405.00 and Chugai Pharmaceutical Co., Ltd. (TYO:6976) gained 1.27%. (TYO:4519) rose 5.03% or 316.00 points to close at 6,602.00 in the last trade. The worst performers on the session were...
Hong Kong stocks jumped 542 points, or 2.6%, to 21,461 on Monday morning, rising for a fifth straight session and hitting a two-month high. The surge followed the Trump administration's pause on tariffs on Chinese electronics imports, boosting investor sentiment. The market also reacted positively to the latest data showing China's new yuan loans jumped to CNY3.64 trillion in March from CNY1,010 billion in February, well above expectations, driven by strong growth in household and corporate lending. However, the gains were tempered by comments from U.S. Commerce Secretary Howard Lutnick, who...