The Dow Jones Industrial Average (DJIA) softened on Tuesday, falling back for a second straight day as bullish-prone equity markets pivot into a defensive stance ahead of the latest interest rate decision from the Federal Reserve (Fed). A raft of key United States (US) economic data is stuffing the chute through the rest of the week, with Gross Domestic Product (GDP), US Personal Consumption Expenditure Price Index (PCE) inflation, and the latest Nonfarm Payrolls report. The Dow Jones slipped back below 44,800, shedding around 200 points and backsliding four-tenths of one percent on the...
The Nikkei 225 Index dropped 2.2% to around 38,700, while the broader Topix Index fell 2% to 2,730 on Monday, reaching their lowest levels in about two weeks. This decline came after President Donald Trump imposed sweeping tariffs on key US trading partners over the weekend. The US introduced a 25% tariff on goods from Mexico and Canada and a 10% levy on imports from China, raising concerns about the potential disruption to global trade. Meanwhile, a summary of opinions from the Bank of Japan's January meeting revealed discussions about possible interest rate hikes due to ongoing...
Asian stock markets slumped on Monday and U.S. equity futures pointed sharply lower after U.S. President Donald Trump's tariffs on Canada, Mexico and China triggered fears of a broad trade war and hit to global growth. The U.S. dollar shot to a record high against the Chinese yuan in offshore trading, and jumped to the highest since 2003 against Canada's currency and the strongest since 2022 versus Mexico's peso. Source: Reuters
US stocks rose on Friday, with the S&P 500 up 0.5%, the Nasdaq up 0.9% and the Dow Jones up about 90 points, boosted by a nearly 4% jump in Apple shares. The tech giant reported a 4% increase in revenue and issued a positive outlook for the current quarter, even as iPhone sales missed expectations. Intel, meanwhile, rose 1% and AbbVie jumped about 7.6% after its earnings and revenue beat expectations. On the other hand, Exxon Mobil fell 0.8% after its earnings missed estimates and Chevron shares fell about 2.2% as its refining business posted its first loss since 2020. On the data...
European equity markets are set to open little changed on Friday after hitting record highs in the previous session, supported by strong earnings and a favorable policy environment. On Thursday, the European Central Bank cut its main deposit rate by 25 basis points, as expected, and signaled that further cuts could follow. Recent data showed that the euro zone economy unexpectedly stalled in the last quarter, led by contractions in Germany and France. On the corporate side, Swiss pharmaceutical company Novartis reported better-than-expected fourth-quarter sales, which rose 16% to $13.2...
Japanese stocks rose after the close on Friday (1/31), as gains in the Rubber, Transportation and Glass sectors boosted shares. At the close in Tokyo, the Nikkei 225 gained 0.34%. The best performers on the Nikkei 225 were NEC Corp. (TYO:6701), which rose 18.38% or 2,410.00 points to trade at 15,525.00 at the close. Meanwhile, Tokyo Gas Co., Ltd. (TYO:9531) gained 7.04% or 289.00 points to close at 4,392.00 and JTEKT Corp. (TYO:6473) gained 6.39% or 73.50 points to 1,224.00 at the close. The worst performers on the session were Hino Motors, Ltd. (TYO:7205), which plunged 12.24% or 71.10...