US stocks rallied on Monday (July 21), with the S&P 500 and Nasdaq hitting new record highs as a strong start to the earnings season overshadowed concerns about impending tariffs. The Dow Jones Industrial Average rose more than 200 points, driven by solid gains in leading tech stocks like MetaTrader, Amazon, and Alphabet. So far, more than 85% of S&P 500 companies that have reported earnings have beaten expectations, fueling optimism despite rising market valuations. Verizon shares jumped more than 4% after its earnings beat expectations, while Block's surged more than 8% after news...
The Nikkei 225 dipped 0.05% to around 39,670 on Wednesday, while the broader Topix Index edged up 0.25% to 2,823, as Japanese stocks struggled for clear direction amid heightened trade tensions. Investors weighed the latest tariff developments out of Washington, with US President Donald Trump confirming there would be no changes or extensions to the updated duties targeting 14 countries. Japan is set to face a 25% tariff beginning August 1. Japanese Prime Minister Shigeru Ishiba said Tokyo will continue negotiations with the US in search of a mutually beneficial outcome. Meanwhile, Trump...
Asia-Pacific markets were set to open mixed Wednesday after U.S. President Donald Trump ruled out a deadline extension on tariffs which are set to kick off on Aug. 1. Trump on Tuesday stateside also announced a 50% levy on copper imports and indicated that further sector-specific tariffs will be announced soon. He also threatened to impose up to 200% tariffs on pharmaceuticals imported into the U.S., but said that he will "give people about a year, year and a half" until the duties go into effect. Here are the opening calls for the day Good morning from Singapore. Investors will also be...
US stocks were little changed on Tuesday as investors digested conflicting signals from President Trump on tariffs. After initially delaying the return of broad "Liberation Day" tariffs until Aug. 1, Trump reversed course and said there would be no further extension, adding confusion to an already volatile trade environment. The S&P 500 and Nasdaq closed near the flatline, while the Dow fell 165 points. The market reacted sharply to Trump's announcement of a steep 50% tariff on copper imports, sending copper futures soaring more than 10% and lifting shares of producers such as...
The European stock markets closed higher in Tuesday trading as The Stoxx Europe 600 rose 0.33%, Germany's DAX gained 0.50%, the FTSE 100 advanced 0.54%, France's CAC 40 increased 0.56%, and the Swiss Market Index was up 0.13%. In Germany, calendar and seasonally-adjusted exports declined 1.4% in May, while imports fell 3.8% compared with the previous month, according to the Federal Statistical Office. Compared with a year earlier, exports increased 0.4% and imports rose 4.2%. Meanwhile, the trade balance for May was 18.4 billion euros ($21.6 billion). And in corporate news, UBS made about...
Wall Street's main indexes opened mixed on Tuesday, as investors assessed President Donald Trump's latest tariff offensive, and hoped that upcoming trade talks with trading partners could defuse the threat of a full-blown trade war. At 09:31 a.m., the Dow Jones Industrial Average tab fell 60.05 points, or 0.14%, to 44,339.31, the S&P 500 opens new tab gained 2.58 points, or 0.05%, to 6,233.03 and the Nasdaq Composite opens new tab gained 62.52 points, or 0.31%, to 20,475.03. Source: Reuters