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 stocks closed sharply higher on Wednesday (July 23), halting three previous trading sessions' declines, buoyed by speculation that the US might accept lower tariffs following a new trade deal with Japan. The Eurozone STOXX 50 rose 1.1% to 5,350, and the pan-European STOXX 600 gained 1.1% to 550. President Trump lowered tariffs on Japan to 15% from an initial threat of 25%, despite no reports of substantial progress in trade negotiations between the EU and the US. Progress on auto tariffs with Japan, which has significant exposure to automakers, lifted shares of BMW, Stellantis,...
US stocks were higher on Wednesday, with the S&P 500 rising 0.3%, the Nasdaq edging up 0.1%, and the Dow Jones jumping more than 250 points. The gains followed fresh record closes for the S&P 500 in back-to-back sessions. Investor sentiment was buoyed by renewed trade optimism after President Trump announced a deal with Japan that would lower tariffs from 25% to 15%. Japan also committed to investing $550 billion in the US and opening its markets to key American goods. Additionally, a trade agreement with the Philippines was announced, while hopes are growing that a deal with the EU...
Hong Kong's stock market ended higher Wednesday with the benchmark Hang Seng Index up 1.62 percent to close at 25,538.07 points. The Hang Seng China Enterprises Index rose 1.82 percent to end at 9,241.2 points, and the Hang Seng Tech Index rose 2.48 percent to end at 5,745.74 points. Source : CTX
European stocks rose on Wednesday for the first time in three sessions, with the STOXX 50 climbing 1% and the STOXX 600 up 0.9%, as a trade agreement between the US and Japan sparked hopes for further deals and reduced tariffs. President Trump said that Japan had agreed to a 15% tariff on its exports to the US, alongside a commitment to invest $550 billion into the US and open its markets to key American goods. The US President also said that representatives from the European Union were coming for trade negotiations today. Megacaps were mostly higher, including ASML Holding (1.4%), Nestle...
The Nikkei 225 rallied 3.51% to close at 41,171 while the broader Topix Index jumped 3.18% to 2,926 on Wednesday, with Japanese shares hitting one-year highs after US President Donald Trump announced a trade agreement with Japan that includes a 15% tariff on Japanese exports to the US. Trump also revealed that Japan will invest $550 billion into the US and open its markets to key American goods. The news sparked broad-based gains, led by Japanese automakers. Toyota Motor jumped 14.3%, Honda Motor rose 11.2%, and Nissan Motor climbed 8.3%. Financials, industrials, and consumer stocks also...