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...
The Dow Jones Industrial Average (DJIA) continues to lean into the bullish on Wednesday, climbing around 100 points and inching towards 44,200 as equities tilt into the buy button. There aren't any particular reasons for a fresh bull run to kick off, but investors aren't finding any particular reason for a turn into the bearish side, either.After a campaign trail full of almost-daily threats of wide-sweeping tariffs on all of the US' trading partners, President Donald Trump's big plans for day-one tariffs have evaporated into the ether. Fresh threats of an ambiguous level of import tariffs...
Germany's DAX index closed at an all-time high on Wednesday for the second time this week as European equities were broadly higher. The pan-European Stoxx 600 closed 0.39% higher, while the DAX closed at a fresh record of 21,254 points, according to LSEG data. Sportswear giant Adidas helped boost the German index, with shares ending 6% higher after the company said sales grew by 19% in its fourth-quarter results after the market close on Tuesday. The athletic apparels maker said revenues were nearly 6 billion euros ($6.25 billion) in the last three months of 2024, stripping out currency...
European equity markets are set to open higher on Wednesday (1/22), continuing the positive momentum of recent sessions as U.S. President Donald Trump refrained from implementing his tariff threats into action, despite signing a series of executive orders. This provided some relief to global markets. EU Commissioner Valdis Dombrovskis also stated that Europe would respond proportionately to any U.S. tariffs to protect the region's economic interests. Meanwhile, there are no major data releases in Europe on Wednesday, although EasyJet is due to report its latest earnings. Euro Stoxx 50 and...
The Shanghai Composite fell 1% to around 3,210 while the Shenzhen Component dropped 1.1% to 10,185 on Wednesday, with the Shanghai index hitting a one-week low after U.S. President Donald Trump said his team was discussing 10% tariffs on Chinese imports that could come into effect as early as Feb. 1. Trump's comments overshadowed more positive developments from Friday, when he had a friendly phone call with Chinese President Xi Jinping, during which they discussed trade and fentanyl, among other topics. At the World Economic Forum, Chinese Vice Premier Ding Xuexiang stressed that there are...
Hong Kong stocks fell 319 points, or 1.6%, to 19,787 in early trading on Wednesday, ending a six-session rally after U.S. President Trump said he could impose 10% tariffs on all Chinese imports after excluding China from a list of countries he would soon target a day earlier.The Hang Seng fell from its highest level in nearly four weeks, weighed down by broad weakness. However, gains on Wall Street overnight helped limit further losses, as Trump is expected to announce a new investment push for AI, led by major companies including Softbank Group Corp., OpenAI and Oracle. At home, Hong...