The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The Dow Jones Industrial Average gained 208 points as investors digested a wave of trade developments and corporate earnings. Optimism surrounding trade talks contributed to the rally, with President Trump scheduled to meet with European Commission President Ursula von der Leyen on Sunday amid hopes of a US-EU deal. Deals were also reached with Japan, Indonesia, and the Philippines ahead of the...
European stock markets traded higher on Thursday, with the STOXX 50 climbing nearly 1% and the broader STOXX 600 advancing 0.6%, buoyed by growing trade optimism after reports that the EU and US are nearing a deal to impose 15% tariffs on select European imports while waiving duties on others. Investors are also closely watching the European Central Bank's policy announcement later today, with interest rates widely expected to remain unchanged following a series of cuts, as policymakers navigate ongoing trade uncertainty. On the corporate front, Deutsche Bank shares jumped 6% after the...
Following a four-day winning streak, Hong Kong's stock market saw a slight correction on Thursday morning (24th July). The Hang Seng Index opened 9 points lower, down 0.04%, at 25,528 points. Meanwhile, the China Enterprises Index fell by 15 points, or 0.17%, to 9,225 points, and the Hang Seng Tech Index dropped 14 points, or 0.26%, to 5,730 points. Financial stocks showed mixed performances. AIA Group rose 0.21%, while Ping An Insurance and Hong Kong Exchanges and Clearing remained unchanged. HSBC Holdings climbed 0.8%, trading at HK$100.8. Among major tech stocks, Meituan fell 0.15%,...
The Nikkei 225 Index rallied 1.1% to above 41,600 while the broader Topix Index jumped 1.5% to 2,970 on Thursday, with the latter reaching all-time highs as the recently announced trade deal with the US and Japan continued to support market momentum. Japan now faces a 15% tariff on its exports to the US, lower than the 25% levy that Trump threatened in a letter earlier this month. Global sentiment improved further on reports of progress in US-EU trade talks. On the domestic front, data showed that Japan's private sector growth held steady in July, with continued strength in services...
Asia-Pacific markets opened higher as the latest trade developments between the U.S. and Japan, as well as positive signs for a deal with the European Union, spurred investor optimism. Overnight in the U.S., the S&P 500 climbed 0.78% to a record close of 6,358.91 — its 12th of the year. Japan's broad-based Topix rose 1.2% to hit a record high in early Asia trading hours, data from LSEG showed. The benchmark Nikkei 225 rose 1.09%, extending gains from Wednesday following the announcement of Japan's trade deal with the U.S. South Korea's Kospi rose 1.17% at the open, and the Kosdaq...
US stocks rallied on Wednesday (July 23), driven by optimism over a new trade agreement and strong corporate momentum. The S&P 500 rose 0.8% to a new record high, while the Nasdaq gained 0.7%. The Dow Jones Industrial Average surged 505 points, nearly reaching its own record high. The market welcomed news of a finalized trade deal between the US and Japan that includes reciprocal tariffs of 15%, with President Trump signaling similar progress in negotiations with the European Union. Reports suggesting a US-EU deal is nearing completion, mirroring Japan's framework, further boosted...