Stocks in the US slipped on Monday as traders braced for a busy week of economic data and geopolitical developments. The S&P 500 closed 0.2% lower, the Dow Jones fell 199 points, and the Nasdaq 100 fell 0.3% after last week's strong gains that saw the tech-heavy index notch consecutive record closes. Investors are eyeing July's CPI on Tuesday and PPI on Thursday, key inputs for the Fed's September rate decision, with markets pricing in a high chance of a cut. Trade tensions lingered as President Trump extended a 90-day pause on tariffs for Chinese goods and confirmed a deal requiring...
European stocks edged higher on Thursday, with the STOXX 50 gaining 0.2% and the STOXX 600 rising 0.3%, extending the previous session's gains as investors continued to monitor trade developments. Sentiment was supported by news that the US has lifted certain chip design export restrictions on China, another sign of easing tensions and a potential trade truce. Semiconductor stocks responded positively, with Siemens up 1.6%, Infineon gaining 2%, and NXP Semiconductors jumping 4%. The US also reached a trade agreement with Vietnam, which includes a 20% tariff on Vietnamese...
Japanese shares ended higher on Thursday as investors awaited a key US jobs report and the outcome of a major tax and spending bill in Congress, both seen as potential triggers for Fed rate cuts. The Nikkei 225 rose 0.06%, or 23.42 points, to end at 39,785.90. Investors awaited a House vote in the US on Trump's $3.3 trillion tax and spending bill, which would cut taxes, reduce social programs, and raise the national debt. The focus also remained on US payrolls data due later in the day, with forecasts calling for a 110,000 job gain and unemployment rising to 4.3%. A surprise drop in...
The Hang Seng Index started the day with a 12-point rise, reaching 24,234 points before fluctuating and ultimately falling by 126 points or 0.52%, settling at 24,094 points. Concurrently, the H-share Index dropped by 60 points or 0.69% to 8,663 points, while the Technology Index decreased by 29 points or 0.56%, closing at 5,239 points. The main board saw a turnover of HKD 39.8 billion. Tech stocks showed softness with Tencent declining by 0.5%, Alibaba by 2.3%, Meituan by 2.1%, Xiaomi Corporation by 1.5%, and Kuaishou by 1.2%. In individual developments within financial stocks, HSBC...
Japanese stocks edge lower as uncertainty over U.S. tariffs continues. Tech and pharmaceutical stocks are leading declines. SoftBank Group falls 1.5% and Otsuka Holdings is 2.1% lower. USD/JPY is at 143.57, compared with 143.71 as of Wednesday's Tokyo stock market close. Investors are closely watching any developments related to U.S. tariffs as well as domestic policymaking ahead of the upper-house election later this month. The Nikkei Stock Average is down 0.1% at 39710.51. Sumber: Marketwatch
The S&P 500 and Nasdaq rallied on Wednesday, rising 0.5% and 0.8%, respectively, with the S&P 500 closing at a new record high while the Dow ended flat. The market was lifted by strong technology gains and news of a U.S.-Vietnam trade deal that includes 20% tariffs on certain Vietnamese imports. Investor sentiment was further buoyed by renewed trade optimism and weak labor market data, which reinforced expectations for a Federal Reserve interest rate cut. Apple (+2.2%), Nvidia (+2.6%) and Tesla (+5%) led the rally, helping the Nasdaq rise. However, ADP data showed private-sector...