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...
The Nikkei 225 Index fell 0.3% to below 39,500 while the broader Topix Index lost 0.2% to 2,817 on Monday, with the former hitting over two-week lows as renewed trade tensions weighed on sentiment. The drop followed US President Donald Trump's announcement of a 30% tariff on imports from the European Union and Mexico, set to take effect on August 1. In response, the EU is reportedly ramping up talks with other affected countries, including Canada and Japan, to explore possible coordinated measures. On the domestic front, Japan's core machinery orders fell 0.6% month-over-month to ¥913.5...
US stocks closed lower on Friday (July 11th) after President Trump announced a 35% tariff on Canadian imports and warned of broader global tariff increases. The S&P 500 Index fell 0.3% after hitting a record high the previous day, ending a rally fueled by investor optimism. Trump's letter to Canada raised concerns and warned of further action if retaliation follows, while he also hinted that similar action targeting the European Union would be imminent. Most sectors weakened, with healthcare and financials leading the decline, while energy and discretionary consumer goods...
European stock markets have given up some of their recent gains by tumbling on the last trading day of the week, while waiting on an expected EU tariff letter from White House. The Stoxx Europe 600 index was down 1.1%. Germany's DAX and France's CAC 40 were both lower by around 0.9%. The U.K.'s FTSE 100 lost 0.4% of its value. Some of the positive stock market moves this week came in the wake of the release of the Federal Reserve's June meeting minutes, which showed willingness by a majority of policymakers to cut interest rates this year. But according to JPMorgan Chase CEO Jamie Dimon,...
Wall Street's main indexes opened lower on Friday as President Donald Trump cranked up his tariff assault on Canada, deepening uncertainty around Washington's trade agenda. At 09:30 a.m., the Dow Jones Industrial Average opens new tab fell 215.88 points, or 0.48%, to 44,434.99, the S&P 500 (.SPX), opens new tab lost 24.52 points, or 0.39%, to 6,255.94 and the Nasdaq Composite (.IXIC), opens new tab lost 55.63 points, or 0.27%, to 20,575.04. Source: Reuters
The Hang Seng rose 111 points or 0.5% to finish at 24,140 on Friday, marking its second straight gain amid a bullish momentum in mainland stocks as hopes grew for a policy response from Beijing to address deflation risks. Weekly performance stood at 0.9%, bouncing back from previous losses. This was supported by China's new employment measures, which include increased unemployment insurance refunds and aid for firms facing labor costs. However, gains were trimmed later in the day after U.S. futures slipped sharply following President Trump's tariff threats against Europe and Canada....