The three major stock averages in the US swung around the flatline on Monday, as investors braced for the resumption of economic data releases from major statistical agencies following the end of last week's government shutdown. Key reports including the jobs report and trade data are due this week and could influence the Fed's policy decision next month, at a time when many policymakers are growing more sceptical about the need for additional rate cuts. Markets are currently pricing in about a 43% chance of a quarter-point cut in December. Meanwhile, Nvidia is set to report quarterly...
European stock markets closed higher Tuesday after U.S. President Donald Trump's decision overnight to delay tariffs on Canada and Mexico raised hopes that Europe could also avoid duties. The pan-European Stoxx 600 ended the day 0.22% higher. UBS shares fell 7% after the lender's fourth-quarter results and up to $3 billion share buyback plans failed to impress. The move higher comes after European stocks slumped on Monday as investors reacted to Trump's decision to impose trade tariffs on Canada, Mexico and China, and threatened to introduce levies on goods from the European Union and...
Stocks were little changed on Tuesday as Wall Street tries to find stable footing following the latest developments on the global trade front. The Dow Jones Industrial Average traded 58 points lower, or 0.1%. The S&P 500 hovered just above the flatline, while the Nasdaq Composite climbed 0.3% thanks to a strong gain in Palantir. Palantir shares popped 23% on fourth-quarter results that beat analyst expectations. The stock was headed for its best day in nearly a year. The Chinese government slapped tariffs of up to 15% on U.S. imports of coal and liquefied natural gas and 10% higher...
The Hang Seng surged 573 points or 2.8% to close at its highest in nearly two months of 20,790 on Tuesday, as traders shrugged off news of reciprocal tariffs between China and the US. As Washington's new tariffs took effect, Beijing moved with levies of 15% on US coal and LNG and 10% on crude oil, farm equipment, and certain autos, set to begin on Feb. 10, China's finance ministry said. In addition, Chinese regulators launched a probe into Google over alleged anti-monopoly practices. Sentiment was further lifted by the resumption of mainland trading Wednesday after a week-long Lunar...
European stocks are heading for a higher open Tuesday as global markets breathe a sigh of relief after U.S. President Donald Trump paused planned tariffs on goods from Canada and Mexico. Global markets slumped on Monday as investors reacted to Trump's decision to impose trade tariffs on Canada, Mexico and China, and threatened to introduce levies on goods from the European Union and U.K. The pan-European Stoxx 600 traded lower throughout Monday's session with all sectors firmly in negative territory. Carmakers, tech and industrial stocks were the worst performers. Market sentiment was...
Japanese stocks rose after the close on Tuesday (2/4), as gains in the Communications, Transportation and Marine Transport sectors boosted shares. At the close in Tokyo, the Nikkei 225 was up 0.61%. The best performers on the Nikkei 225 were Sumitomo Dainippon Pharma Co Ltd (TYO:4506), which rose 9.72% or 69.00 points to trade at 779.00 at the close. Meanwhile, Sumitomo Electric Industries Ltd. (TYO:5802) rose 8.04% or 224.00 points to close at 3,009.00 and Kyocera Corp. (TYO:6971) gained 7.44% or 117.50 points to 1,696.00 at the close. The worst performers on the session were Mitsubishi...