European shares closed higher on Tuesday, buoyed by better-than-expected corporate earnings and renewed optimism that the Federal Reserve may cut interest rates next month. The pan-European STOXX 600 index edged up 0.15%, with most regional bourses also trading in the green. Earnings season, in full swing, offered some relief for investors concerned about the impact of trade uncertainty on corporate performance. Diageo gained 4.9% after the world's biggest spirits maker forecast flat 2026 sales despite U.S. tariffs and upped its cost-savings target. The stock boosted the food &...
The Nasdaq Composite rose on Wednesday after a soft inflation report eased concerns about the economy and as investors snapped up beaten-up technology shares. The tech-heavy benchmark added 1.22% and closed at 17,648.45,while the S&P 500 gained 0.49% to end at 5,599.30. The Dow Jones Industrial Average slipped 82.55 points, or 0.2%, to settle at 41,350.93. Though the tech sector is off more than 3% week to date, the cohort bounced on Wednesday to lead the S&P 500 higher. Nvidia gained 6.4%, and AMD added more than 4%. Meta Platforms advanced 2%, and Tesla jumped more than 7%. The...
The Nasdaq Composite rebounded after a soft inflation report eased concerns about the economy and as investors snapped up beaten-up technology shares. The tech-heavy index popped 1.7%. The S&P 500 added 0.9%, while the Dow Jones Industrial Average was trading marginally higher. Nvidia shares gained 6%, while Meta Platforms and Tesla rose 2% and 7%, respectively. The consumer price index, a broad measure of costs across the U.S. economy, increased 0.2% for the month, putting the annual inflation rate at 2.8%. This was lower than the respective Dow Jones estimates for 0.3% and 2.9%....
The Dow Jones Industrial Average fell again on Wednesday as rising tensions between the U.S. and its major trading partners continued to rattle investors. The blue-chip index fell 287 points, or 0.7%. The S&P 500 traded nearly flat, while the Nasdaq Composite rose 0.6%. President Donald Trump's steel and aluminum tariffs went into effect Wednesday, and Canada said it would slap 25% retaliatory duties on more than $20 billion worth of U.S. goods. The European Union also responded swiftly, pledging to impose retaliatory tariffs on 26 billion euros ($28.33 billion) worth of U.S. imports...
The Hang Seng fell 182 points, or 0.8%, to close at 23,600 on Wednesday (3/12), reversing a subdued close in the previous session amid widespread losses. Sentiment was weighed down by concerns over China's deflation risks and the ongoing global trade spat. The EU escalated its trade dispute with the US by launching retaliatory new steel and aluminium tariffs, planning to impose duties on EUR26 billion worth of American goods. Caution also grew ahead of the US February CPI report after January's reading beat expectations. However, the losses were partly offset by a 34.4% yoy surge in Chinese...
European markets jumped at the open after the European Union announced retaliatory tariffs on US steel and aluminium imports. The regional Stoxx 600 rose 0.6% shortly after the opening bell, with all major bourses in positive territory. Regional investors will also be watching for any developments on a possible ceasefire for Ukraine, as well as corporate earnings, with clothing giants Inditex and Puma and carmaker Porsche updating investors on their financials. Market sentiment in the region improved on Tuesday as talks between US and Ukrainian officials in Saudi Arabia on Tuesday ended...