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...
US stocks closed sharply higher on the first trading day of the week, following a rally in Treasury securities as the market eased concerns that a renewed trade war could hurt corporate prospects. The S&P 500 rose 2% while the Dow jumped 1.8% and the Nasdaq 100 gained 2.4%. President Donald Trump delayed 50% tariffs on the European Union until July 9 and sounded a positive tone about the possibility of a trade deal to avoid new obstacles. Meanwhile, long-dated Treasuries enjoyed some respite as Japan signaled it would reduce issuance of long-curve notes, helping credit-sensitive stocks...
European stocks closed higher on Tuesday, extending their sharp gains from the previous session amid easing trade war concerns with the United States and fresh support from the defense sector. The STOXX 50 gained 0.6% to close at 5,425 and the pan-European STOXX 600 gained 0.5% to 553. U.S. President Trump said European Union officials were rapidly holding talks for a trade deal with the U.S., aiming to roll back tariffs imposed by the White House and adding to the president's positive rhetoric on trade that had sent stocks sharply higher in the previous session. On the economic front,...
The Hang Seng rose 100 points or 0.4% to close at 23,382 on Tuesday, partly recovering from the prior session's slump amid broad-based sector gains. Sentiment was lifted by data showing a pickup in China's industrial profits for April, suggesting resilience despite ongoing U.S. trade tensions and deflation risks. A rally in U.S. futures also supported the mood as Wall Street was set to reopen after Monday's break. Meantime, President Trump backed away from his threat to impose 50% tariffs on EU imports, restoring the original July 9 deadline. However, gains were capped by Hong Kong's April...
European shares remained stable on Tuesday, supported by defence stocks after U.S. President Donald Trump threatened additional sanctions on Russia, though broader gains were restrained by ongoing caution over U.S. trade policy shifts. The continent-wide STOXX 600 index held its ground at 551.53 points, as of 0711 GMT. The benchmark closed 1% higher in the previous session after Trump extended the tariff deadline on the European Union to July 9 from June 1. Europe's defence index rose 1% on the day after President Trump said he would recommend additional sanctions on Moscow, amid...
Japan stocks were higher after the close on Tuesday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.58%. The best performers of the session on the Nikkei 225 were Kawasaki Heavy Industries, Ltd. (TYO:7012), which rose 4.61% or 438.00 points to trade at 9,949.00 at the close. Meanwhile, TDK Corp (TYO:6762) added 3.12% or 47.50 points to end at 1,570.50 and Furukawa Electric Co., Ltd. (TYO:5801) was up 3.03% or 197.00 points to 6,695.00 in late trade. The worst performers of the session were Rakuten Inc (TYO:4755),...