Hong Kong stocks fell for the second session, down 46 points or 0.2% to 25,469 on Wednesday morning, after U.S.-China trade talks ended without a meaningful breakthrough. While extending the current tariff truce remains possible, Treasury Secretary Bessent said President Trump will have the final say. Caution also prevailed ahead of the Fed's rate decision later today, with analysts noting most Fed officials prefer to wait and assess the inflationary impact of tariffs before acting, especially with Trump's August 1 tariff deadline looming. Tech shares led the fall, followed by consumers...
The Dow Jones Industrial Average declined Monday as the market started a holiday-shortened trading week on a soft note. The blue-chip Dow fell 140 points, while the S&P 500 gained 0.2%. The tech-heavy Nasdaq Composite bucked the downtrend, rising 0.6%, as Tesla, Meta and Nvidia all traded in the green. Trading is expected to be relatively muted during the week. The New York Stock Exchange closes early Tuesday for Christmas Eve at 1 p.m. ET, and the market is shut on Christmas Day. Weak economic data seemed to sour the sentiment a bit. The Conference Board's consumer confidence index...
European markets closed just above the flatline on Monday as a shortened trading week began in the run-up to Christmas. The pan-European Stoxx 600 index provisionally ended the session 0.07% higher, with sectors in mixed territory. Trading is expected to be relatively muted in the run-up to Christmas, with European markets set to be closed, or close early, for Christmas Eve and remain shut on Christmas Day. Overnight, Asia-Pacific markets started the week on a positive note, with investors digesting a press conference relating to the merger of Japanese automakers Honda and Nissan. The...
European markets were mixed on Monday as a shortened trading week begins ahead of Christmas. The pan-European Stoxx 600 index hovered above the flatline during early morning deals, with most sectors and all major bourses in negative territory. Trading is expected to be relatively quiet ahead of Christmas, with European markets set to be closed, or close early, for Christmas Eve and remain closed on Christmas Day. Overnight, Asia-Pacific markets started the week on a positive note, with investors digesting a press conference related to the merger of Japanese automakers Honda and...
The Hang Seng Index rose 0.8% at 19,883.13 in Hong Kong. The index advanced to the highest closing level since Dec. 13 after the previous session's decrease of 0.2%. China Construction Bank Corp. contributed the most to the index gain, increasing 2.9%. Orient Overseas International Ltd. had the largest increase, rising 6.2%. Today, 63 of 83 shares rose, while 19 fell; all sectors were higher, led by finance stocks. Source : Bloomberg
European markets opened lower on Monday as a holiday-shortened trading week kicks off ahead of Christmas. The U.K.'s FTSE 100 is expected to open 8 points higher at 8,098, Germany's DAX is up 12 points at 19,919, France's CAC is up 7 points at 7,291 and Italy's FTSE MIB is up 76 points at 34,031, according to data from IG. Trading is expected to be relatively quiet ahead of Christmas, with European markets set to be closed, or close early, for Christmas Eve and remain closed on Christmas Day. Overnight, Asia-Pacific markets started the week on a positive note, with investors awaiting the...