Wall Street's main indexes opened higher on Monday after a sharp pullback in the previous session, as markets priced in prospects of deeper rate cuts by the Federal Reserve following a surprisingly soft jobs report. The Dow Jones Industrial Average (.DJI), opens new tab rose 135.4 points, or 0.31%, at the open to 43724.02. The S&P 500 (.SPX), opens new tab rose 33.7 points, or 0.54%, to 6271.71, while the Nasdaq Composite (.IXIC), opens new tab rose 203.8 points, or 0.99%, to 20853.907. Source: Reuters
US stocks hovered close to the flatline on Thursday after a volatile week, as markets continued to assess the outlook for US trade flows and how it may impact corporate returns. The S&P 500 and the Nasdaq 100 slightly higher, while the Dow was 150 points lower. Equities were supported this week by President Trump's remarks that tariffs against China would not remain at the 145% level in the longer term. Still, Treasury Secretary Bessent noted that talks with China have not yet started, and Beijing claimed it will not dialogue before tariffs by the US are lowered, raising skepticism on a...
The Hang Seng dropped 163 points or 0.7% to close at 21,910 on Thursday, snapping a three-day winning streak. The pullback came as Washington signaled openness to easing tariffs on China but ruled out taking unilateral action. Meanwhile, U.S. futures plunged after Wall Street logged a second consecutive day of gains Wednesday, with investors cautiously awaiting earnings from Alphabet, Intel, and PepsiCo later today. Losses in Hong Kong were limited by reports that China began issuing special sovereign bonds to cushion the economy from rising trade tensions, aiming to raise CNY 286 billion...
European stocks opened lower in early trading on Thursday as a relief rally stalls. The pan-European Stoxx 600 index was down by 0.5% at 8:30 am London time. Meanwhile, Germany's DAX and France's CAC 40 were also lower by 0.7%. The U.K.'s FTSE 100 is trading flat. Investors are digesting earnings releases from Unilever, Banco Sabadell, Sanofi, Eni, BNP Paribasand Dassault Systemes Regional markets had followed their global counterparts higher on Wednesday as concerns about a trade war between the U.S. and China receded. U.S. stocks also surged on Wednesday after President Donald Trump...
The Nikkei 225 Index rose 0.49% to close at 35,039 while the broader Topix Index gained 0.32% to 2,593 on Thursday, with Japanese shares rising for the second straight session and tracking Wall Street higher. The rally followed comments from U.S. President Donald Trump, who signaled a softer stance on Chinese tariffs. Treasury Secretary Scott Bessent added that the U.S. and China have a chance to reach a "big deal" on trade. Meanwhile, the U.S. reportedly informed Japan's trade delegation that Tokyo would not receive special treatment under Washington's current tariff regime, despite Japan's...
Hong Kong stocks fell 128 points or 0.6% to 21,940 in early Thursday trade, snapping gains in the previous three sessions as investors took profits after the Hang Seng touched a three-week high. US futures also dipped slightly after Wall Street overnight logged strong advances for the second straight day, supported by softer rhetoric from the White House on China tariffs and assurances that President Trump won't seek to remove Fed Chair Powell. Losses were seen across property, consumer, and tech sectors, while financials traded flat as investors awaited the April Politburo meeting for...