The Dow Jones Industrial Average (DJIA) softened on Tuesday, falling back for a second straight day as bullish-prone equity markets pivot into a defensive stance ahead of the latest interest rate decision from the Federal Reserve (Fed). A raft of key United States (US) economic data is stuffing the chute through the rest of the week, with Gross Domestic Product (GDP), US Personal Consumption Expenditure Price Index (PCE) inflation, and the latest Nonfarm Payrolls report. The Dow Jones slipped back below 44,800, shedding around 200 points and backsliding four-tenths of one percent on the...
Stocks in the US declined on Tuesday, extending losses from the previous session, with the S&P 500 falling 0.8%, the Nasdaq sinking 1% and the Dow Jones falling about 260 points. Investor sentiment remained subdued amid persistent tariff uncertainty and growing concerns over the impact of trade tensions on corporate earnings. President Trump is scheduled to meet Canadian Prime Minister Carney on Tuesday, while negotiations between the US and several countries continue, though no formal agreements have been reached. Meanwhile, US imports in March soared again in anticipation of new...
The Hang Seng advanced 158 points or 0.7% to end at a one-month peak of 22,663 on Tuesday, marking its fourth straight gain amid signs of easing trade tensions. President Trump said Sunday that the U.S. was engaging with several countries, including China, on trade deals. Locally, Hong Kong's economy grew 3.1% yoy in Q1 2025—the strongest pace in five quarters—driven by strong tourism and robust exports ahead of planned U.S. tariff hikes. A rally in the yuan to a 1-1/2-month high and intervention by the Hong Kong Monetary Authority to support the local dollar also lifted...
European stocks edged higher on Tuesday, with both the STOXX 50 and the STOXX 600 adding 0.1%, as investors focused on corporate earnings while awaiting key catalysts, including the Fed's monetary policy decision due tomorrow. Market participants also kept a close watch on trade tensions, particularly negotiations involving the US and several Asian countries. On the earnings front, Continental shares soared about 4% after the company's sales hit a 4-year high. Also, Vestas gained about 6% after the Danish company swung to profit in Q1 and Hugo Boss jumped almost 7% after a revenue...
Hong Kong shares rose 142 points, or 0.6%, to 22,645 in early trade on Tuesday, marking a fourth straight session of gains as markets reopened after a holiday. Broad sector gains—particularly in financials, property and consumer staples—pushed the index to a one-month high. Sentiment was further boosted by flash data showing the city's economy expanded 3.1% year-on-year in the first quarter of 2025, the strongest pace in five quarters, driven by robust tourism and exports ahead of U.S. President Trump's planned tariff hikes. In China, stock markets also resumed activity amid signs Beijing is...
US stocks closed lower Monday, unable to shake losses as investors weighed strong economic data against trade tensions and the upcoming Fed meeting. The S&P 500 and Nasdaq slipped 0.6% and 0.7% respectively, with the former snapping nine-day win streaks, while the Dow lost 98 points. Markets reacted to President Trump threatened new tariffs, including a 100% levy on foreign films, but sentiment improved following stronger-than-expected ISM services data. Still, uncertainty persisted after Trump said he has no plans to speak with China's President Xi, keeping investors cautious. Energy...