The Hang Seng closed almost flat at 24,911 on Wednesday after dipping slightly in morning deals. Traders digested comments from President Trump, who said the U.S. was close to a trade deal with China and that he would meet President Xi before year-end if an agreement is reached. Investors also looked ahead to key Chinese economic data, including trade figures on Thursday and inflation on Saturday, amid concerns over rising trade barriers and persistent deflation risks. At the same time, markets braced for a possible new U.S. tariff announcement targeting semiconductors and chips, expected...
European markets closed slightly lower on Monday as optimism over the path of U.S. tariffs faded. Concluding a choppy session, the pan-European Stoxx 600 ended 0.13% lower, with Germany's DAX down 0.17%, France's CAC 40 down 0.26%, and the U.K.'s FTSE 100 down 0.1%. The travel and leisure sector was up 0.55% after London's Heathrow Airport reopened on Saturday following a power outage caused by a fire at a nearby electrical substation that disrupted Friday service. British Airways owner IAG was up 0.8%. Swedish defense firm Saab gained 4.5% after UBS upgraded its stock from neutral to...
European markets were mixed on Monday after U.S. President Donald Trump hinted at tariff "flexibility." The pan-European Stoxx 600 was little-changed by 4 p.m. in London, with Germany's DAX down 0.06%, France's CAC 40 down 0.23%, and the U.K.'s FTSE 100 trading flat. The travel and leisure sector was up 0.59% after London's Heathrow Airport reopened on Saturday following a power outage caused by a fire at a nearby electrical substation that disrupted Friday service. British Airways owner IAG was up 0.9%. Swedish defense firm Saab was up 4.5% after UBS upgraded its stock from neutral to...
Stocks in the US kicked off the week in the green, with the S&P 500 adding 1%, the Nasdaq soaring 1.5% and the Dow Jones gaining 350 points, as traders hope the new US tariffs set to take effect on April 2nd could be softer and more targeted than initially anticipated. Reports emerged that President Donald Trump's coming wave of tariffs is poised to be more targeted than the barrage he has occasionally threatened. All sectors were in the green, but consumer discretionary, tech and communication services outperformed. Shares of Tesla soared more than 5% and other megacaps were also...
The STOXX 50 was up 0.8% and the STOXX 600 soared 0.6% on Monday, rebounding from Friday's losses, as traders hope the new US tariffs set to take effect on April 2nd could be softer and more targeted than initially anticipated. Reports emerged that President Donald Trump's coming wave of tariffs is poised to be more targeted than the barrage he has occasionally threatened.Meanwhile, traders were also digesting fresh PMI data, with figures for France beating forecasts while in Germany, both composite and services PMIs came below forecast although the manufacturing one beat. Basic resources,...
The Hang Seng climbed 216 points or 0.9% to finish at 23,905 on Monday, rebounding from a subdued morning session. The rally followed strong gains in U.S. futures after President Trump hinted at possible "flexibility" in his reciprocal tariff plan ahead of the April 2 deadline. Meanwhile, Fed Chair Powell last week downplayed the long-term impact of the tariffs, easing investor concerns. Markets welcomed Premier Li Qiang's renewed pledge for more proactive macroeconomic policies. Meantime, the PBoC reiterated plans to cut banks' RRR and interest rates at an "appropriate time" later this...