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...
European stock markets closed mixed in Monday trading as the Stoxx Europe 600 was up 0.44%, Germany's DAX advanced 1.2%, the FTSE 100 was down 0.19%, France's CAC 40 gained 0.35%, and the Swiss Market Index declined 0.15%. The European Union is working on the framework of a trade deal with the US, an EU spokesperson said after EU President Ursula von der Leyen held a call with President Donald Trump on Sunday, Bloomberg reported. UK home prices were flat in June, compared with the previous month, with the average house price at 296,665 pounds ($404,509), 2.5% higher compared with a year...
Wall Street's main indexes opened lower on Monday as tariff tensions kept investors on edge, while Tesla shares slid after CEO Elon Musk announced his plans to launch a political party. The Dow Jones Industrial Average fell 25.2 points, or 0.06%, at the open to 44,803.36. The S&P 500 fell 20.3 points, or 0.32%, at the open to 6,259.04, while the Nasdaq Composite dropped 110.6 points, or 0.54%, to 20,490.55 at the opening bell. Source: Reuters
The Hang Seng fell 28 points or 0.12% to close at 23,888 on Monday, marking its third session of losses, weighed by falls in consumer and financial stocks. Cautious investors digested a fresh warning from U.S. President Trump that BRICS countries could face an additional 10% tariff. Traders also grew cautious ahead of China's June CPI and PPI data, due later this week, after four months of falling consumer prices in May and the steepest producer deflation in nearly two years. Losses were trimmed as China, one of the BRICS members, is unlikely to be hit by new levies due to a trade truce...
European stocks were little changed on Monday, with the STOXX 50 holding near 5,300 and the STOXX 600 flat at 541, as investors assessed new developments in US trade policy. President Trump is expected to send about a dozen formal tariff warning letters later today, although it was unclear whether EU countries would be included, while saying there would be an additional 10% levy on countries that side with the BRICS bloc. Meanwhile, Trade Secretary Howard Lutnick confirmed that a broader package of tariffs, originally set for a July 9 launch, will now be delayed until August 1. Oil-related...
Japanese stocks fell in tense trading after U.S. President Donald Trump said tariff letters would begin to be sent out at noon Monday. Trump also said he would impose an additional 10% tariff on any country that aligns with the "anti-American BRICS policies." The Topix index fell 0.6% to 2,811.72 at the close in Tokyo. The Nikkei fell 0.6% to 39,587.68. Mitsubishi UFJ Financial Group Inc. was the biggest contributor to the Topix decline, down 2.3%. Exporters including electrical equipment and transportation equipment fell, while financials also fell amid economic uncertainty. Japan's...