The Dow Jones Industrial Average (DJIA) tested all-new record highs early Monday, clipping into the high side in early trading before the weight of the upcoming week pushed investors back into familiar territory. A handful of Magnificent Seven (Mag7) companies will be posting their latest quarterly earnings this week, adding further high-impact events to an already burgeoning data docket. Dow Jones price forecastThe Dow Jones clipped a record high in intraday trading on Monday, tapping 45,130 for the first time ever before slumping back into last week's congestion. The DJIA is now battling...
European stocks closed higher on Tuesday, recovering from a slight decline in the previous session and hitting a two-month high, amid continued support from the prospect of increased government spending in Europe. The euro zone STOXX 50 closed 0.4% higher at 5,450 and the STOXX 600 gained 0.7% to 554, supported by a strong session for pharmaceutical heavyweights. Consumer discretionary stocks pared some of the previous session's steep losses, with LVM, BMW and Kering rising between 4% and 1.5%. Banks were also mostly higher, led by BBVA, UniCredit and Intesa Sanpaolo up more than...
Wall Street's main indexes opened lower on Tuesday as investors awaited commentary from Federal Reserve officials through the day to assess the potential impact of U.S. President Donald Trump's tariffs in the second half of 2025. The Dow Jones Industrial Average (.DJI), opens new tab fell 57.0 points, or 0.13%, at the open to 42735.11. The S&P 500 (.SPX), opens new tab fell 18.9 points, or 0.32%, at the open to 5944.66, while the Nasdaq Composite (.IXIC), opens new tab dropped 83.4 points, or 0.43%, to 19132.057 at the opening bell. Source: Reuters
The Hang Seng jumped 349 points or 1.5% to close at 23,681 on Tuesday, picking up from a muted session the day before as all sectors posted strong gains. Sentiment recovered after the PBoC cut key lending rates to fresh lows for the first time in seven months, aiming to support the economy and cushion potential fallout from a trade war with the U.S. In a coordinated move, some major state-owned banks also lowered deposit rates to ease pressure on narrowing interest margins. However, further gains were tempered by a modest fall in U.S. futures, with investors cautiously awaiting remarks...
European equity indices edged higher Tuesday, boosted by a Chinese rate cut as well as the possibility of peace talks to end the Ukraine conflict. At 03:05 ET (07:05 GMT), the DAX index in Germany climbed 0.2%, the CAC 40 in France gained 0.2% and the FTSE 100 in the U.K. rose 0.3%.European stock indices have received a solid lead in from gains in Asia overnight, boosted by the decision of the People's Bank of China to cut its benchmark loan prime rate, bringing the rate further into record low territory. The cut signaled that Beijing was open to doling out more monetary stimulus to...
The Nikkei 225 edged up 0.1% to close at 37,529 on Tuesday, following notable losses in the previous session. Investor sentiment was supported by comments from Prime Minister Shigeru Ishiba, who emphasized Japan's commitment to national interests in trade talks, saying Tokyo would not rush a deal with the U.S. ahead of a third round of negotiations this week. Gains were also underpinned by Chinese rate cuts, with the PBoC lowering lending rates to new lows for the first time in seven months to support the sluggish economy. However, early gains were trimmed as U.S. futures dipped slightly,...