US stocks maintained modest gains on Tuesday (July 29) as the market digested a series of earnings reports ahead of key economic developments. The S&P 500 rose 0.3% to 6,400 and the Nasdaq 100 gained 0.5% to break through 23,400, both reaching record highs, while the Dow Jones Industrial Average hovered near the flatline. Union Pacific jumped 2% after agreeing to acquire Norfolk Southern in the largest railroad deal in the US. Meanwhile, tech giants mostly gained ahead of earnings results from the world's largest companies by market capitalization this week, including Microsoft,...
The Hang Seng closed nearly flat at 22,616 on Monday after rising almost 1.5% earlier in the session. Gains in property and financial stocks ultimately offset losses in technology and consumer sectors. Traders appeared to take profits following a tech-driven rally while awaiting further policy signals from Chinese President Xi Jinping's meeting with private enterprises, including Alibaba, Meituan, Xiaomi Corp, and BYD Co. Investors also monitored reports from Reuters, which indicated that Beijing hopes the European Commission will make a "political decision" regarding the bloc's...
European markets opened slightly higher on Monday, as regional defense and geopolitical uncertainty remain in focus. The pan-European Stoxx 600 was up by around 0.1% shortly after the opening bell, with major bourses trading in mixed territory. Geopolitical tensions between the U.S. and Europe are likely to be a focus for European markets this week as U.S. officials prepare for talks with Russia to end the war in Ukraine, with officials in Kyiv and Europe being left out of the discussions. European leaders are holding an emergency summit in Paris on Monday to discuss how to respond to...
Japan stocks were higher after the close on Monday, as gains in the Gas & Water, Power and Real Estate sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.10%. The best performers of the session on the Nikkei 225 were Nippon Express Holdings,Inc. (TYO:9147), which rose 8.29% or 207.50 points to trade at 2,712.00 at the close. Meanwhile, Dai-ichi Life Holdings Inc (TYO:8750) added 7.93% or 345.00 points to end at 4,698.00 and Credit Saison Co., Ltd. (TYO:8253) was up 6.84% or 242.00 points to 3,779.00 in late trade. The worst performers of the session were Dentsu...
Shares in Hong Kong climbed 322 points or 1.4% to 22,941 in early trade on Monday, marking the second straight session of surge, driven mostly by strength in tech and consumers. The Hang Seng held at its highest in over four months, due to a softer US approach to reciprocal tariffs and optimism for the China's tech sector following the emergence of a low-cost AI model. Tencent Hlds. surged 7.5%, as its app, Weixin, launched beta testing with Deepseek. Meanwhile, the PBoC pledged last week to further tweak monetary policy to spur recovery while maintaining ample cash and aligning money supply...
The Nikkei 225 Index climbed 0.13% to 39,200, while the broader Topix Index advanced 0.2% to 2,765 on Monday, recovering some of the losses from the previous session as investors responded positively to Japan's better-than-expected economic growth figures. The country's economy expanded by 0.7% quarter-on-quarter in the fourth quarter, up from 0.4% growth in the prior quarter and surpassing expectations of 0.3%. On an annualized basis, Japan's GDP grew 2.8% in Q4, matching forecasts and accelerating from a 1.7% expansion in Q3. Despite the positive data, investor sentiment remained cautious...