US Stocks plunged on Friday, as investors reacted to a weak July jobs report and a fresh round of tariffs announced by President Trump. The S&P 500 and Nasdaq fell 1.6% and 2.2%, their steepest drops since April, while the Dow lost 542 points. Payrolls rose by just 73,000 in July, far below expectations, with sharp downward revisions to prior months signaling deeper labor market weakness. Treasury yields fell and the odds of a September Fed rate cut rose above 80%. Sentiment worsened after new tariffs of 10% to 41% were imposed on imports from key partners including Canada, India, and...
Wall Street's main indexes opened higher on Tuesday, as investors assessed softer-than-expected producer inflation to gauge the Federal Reserve's monetary policy trajectory this year. The Dow Jones Industrial Average rose 69.3 points, or 0.16%, at the open to 42,366.42. The S&P 500 rose 23.1 points, or 0.39%, at the open to 5,859.27, while the Nasdaq Composite rose 119.6 points, or 0.63%, to 19,207.748 at the opening bell. Source: Reuters
Hong Kong stocks rose on Tuesday from a four-month low as China's Securities Regulatory Commission and other authorities vowed to stabilize the securities market, address investor concerns and steady expectations. The Hang Seng Index rose 1.83 percent, or 345.64 points, to close at 19,219.78 on Tuesday. The Hang Seng China Enterprises Index gained 2.10 percent, or 143.65 points, to close at 6,987.36. Source: Bloomberg
European markets opened higher on Tuesday, reversing negative sentiment in the region, but investors will be watching borrowing costs for key European economies this week as bond yields remain elevated. The pan-European Stoxx 600 index rose 0.5% shortly after the opening bell, with most sectors in positive territory. Autos, chemicals and technology stocks led the gains. Trading updates are due from Ocado, JD Sports, Persimmon and OMV on Tuesday. Lindt & Sprüngli is due to release its latest earnings. European stock markets fell on Monday amid concerns over rising government bond...
Japanese stocks ended lower as concerns about borrowing costs mounted. Chip and auto stocks led the declines. Advantest dropped 9.2% and Honda Motor dropped 3.2%. Government bond yields rose across the curve to their highest in more than a decade as a Bank of Japan deputy governor said the central bank will discuss the possibility of raising interest rates next week. The two-year JGB yield rose 3.5 basis points to 0.680%, the highest since October 2008. The 10-year yield rose 4.5 basis points to 1.240%. The Nikkei Stock Average fell 1.8% to 38,474.30. Investors are focused on any...
Hong Kong shares rose 107 points, or 0.6%, to 18,986 on Tuesday morning, marking their first gain in seven sessions amid broad sector gains. The market rebounded from a near four-month low after December trade data showed China's exports expanded and imports hit a 27-month high. Traders also cheered Beijing's decision to allow domestic companies to raise more funds from overseas. China has also signaled it will boost consumption, expand imports and attract foreign investment this year. Adding to the bullish momentum was a modest rise in U.S. stock futures after a mixed session on Wall...