The S&P 500 edged up 0.1% and the Nasdaq 0.3% on Wednesday (July 30), while the Dow Jones Industrial Average hovered near the flatline, as investors awaited the Fed's policy decision and assessed key economic data. The Fed is expected to keep its benchmark interest rate unchanged, with the market closely monitoring its outlook for the remainder of the year, especially after preliminary data showed US GDP grew stronger than expected by 3% in Q2, reinforcing signs of a resilient economy. Furthermore, ADP data showed the US private sector added 104,000 jobs in July, significantly higher...
The Nikkei 225 Index surged 0.9% to around 37,500, while the broader Topix Index gained 1.1% to 2,711 on Monday, recovering some of last week's losses, supported by Wall Street's strong finish on Friday. However, investors remained cautious ahead of the March 4 deadline for US President Donald Trump's proposed 25% tariffs on Mexico and Canada, along with an additional 10% duty on Chinese goods. Geopolitical concerns also remained, as Trump and Ukrainian President Volodymyr Zelensky failed to reach an agreement on Friday that could potentially end the war in Ukraine. Domestically, Japan's...
Asia-Pacific markets were set to rise Monday as investors awaited clarity about U.S. President Donald Trump's plans to impose impose tariffs this week on key U.S. trading partners. U.S. Commerce Secretary Howard Lutnick reportedly told Fox News on Sunday that the exact tariff that will be levied against Mexico and Canada starting Tuesday is still "fluid," which means it could be lower than the proposed 25%. He added that the additional 10% duty on China imports is "set." Japan's benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 37,745 while its...
US stocks closed higher on Friday, with the S&P 500 and Nasdaq each up 1.6%, while the Dow gained 601 points. Investors weighed a tense exchange between President Donald Trump and Ukraine's Volodymyr Zelenskyy in the Oval Office. Vance called Zelensky "disrespectful," while Trump accused Zelensky of "gambling with World War III." Trump's tariff threats also rekindled warnings of retaliation from China, raising uncertainty, especially in Big Tech. Economic data sent mixed signals: Core PCE inflation eased to 2.6% as expected, but consumer spending unexpectedly fell 0.2% in January. Nvidia...
European stocks pared early morning gains but still closed slightly lower on Friday, ending a volatile week as markets continued to assess the impact of U.S. tariffs on the EU on the European economy. The Eurozone STOXX 50 fell 0.4% to close at 5,451, not too far from a record high hit last week, while the STOXX 600 closed just below the flatline at 557, just below Wednesday's all-time high. Technology stocks led the declines as markets weighed the cautious outlook for the U.S. tech sector and potential tariffs from Washington, with ASML and Infineon down 3-1% and 2.2% respectively. In turn,...
The S&P 500 hovered around the flatline, the Nasdaq fell about 0.6% and the Dow Jones gained nearly 90 points on Friday, with the tech sector remaining under pressure and traders digesting the latest PCE report and escalating trade tensions. Nvidia shares dropped 2%, extending the previous session's sell-off after its quarterly results failed to impress investors. Also, Broadcom was down 0.8%, Tesla fell 0.9%, and Oracle slipped 2%. Meanwhile, PCE price data aligned with expectations, with annual rates easing slightly. This provided some relief over inflationary pressures and reinforced...