Japanese stocks are lower due to a stronger yen and uncertainty over the impact of U.S. tariffs on corporate earnings. Auto, shipping and energy stocks lead declines. Mitsubishi Motors is down 2.1% and Kawasaki Kisen is 2.0% lower. Inpex is down 3.1% after crude oil prices fell overnight. USD/JPY is at 148.58, down from 148.81 as of Monday's Tokyo stock market close. Investors are closely watching any developments related to the leadership election for the ruling Liberal Democratic Party of Japan set for Saturday. The Nikkei Stock Average is down 0.1% at 45007.00. Source: Bloomberg.com
European stocks traded in a muted fashion Tuesday, awaiting news from the Federal Reserve policy meeting while digesting key regional economic data. The DAX index in Germany dropped 0.1%, the CAC 40 in France slipped 0.2% and the FTSE 100 in the U.K. fell 0.1%. Fed meeting starts The Fed starts its latest two-day policy meeting later in the session, limiting activity as investors look for the U.S. central bank to cut interest rates at the conclusion on Wednesday, potentially offering global support. The Bank of England also meets later this week, but is widely expected to hold still on...
European stocks edged lower on Tuesday, with both the STOXX 50 and STOXX 600 slipping 0.2%, pausing after three straight sessions of gains. Traders turned cautious ahead of key monetary policy decisions this week from the Fed and the BoE, as well as China–US trade talks, while US President Trump begins his visit to the UK today. On the data front, markets await the ZEW Economic Sentiment Index for Germany, while UK labour figures continued to signal a slowdown in the job market. By sector, insurance, telecoms and banks led the declines, while basic resources and technology outperformed. In...
The Nikkei 225 rose 0.3% to close at 44,902 while the Topix gained 0.25% to 3,168 on Tuesday, with Japanese stocks hitting fresh record highs as they tracked Wall Street's advance ahead of an expected US Federal Reserve rate cut. Sentiment was also lifted after President Donald Trump said US-China trade talks in Spain were progressing, with a call between Trump and Chinese President Xi Jinping scheduled for Friday to finalize terms. Domestically, the Bank of Japan is expected to keep its policy rate at 0.5% this week as officials weigh the impact of US tariffs on Japan's export-driven...
The Hang Seng Index started the day with a rise of 90 points, or 0.34%, to 26,536. The China Enterprises Index gained 23 points, or 0.24%, to close at 9,407, while the Tech Index climbed 27 points, or 0.44%, to 6,070. Technology stocks displayed mixed results. Tencent rose by 0.5%, Meituan gained 0.6%, Xiaomi Group increased 0.5%, and Kuaishou advanced 0.6%. Meanwhile, Alibaba dropped 0.3% and JD.com fell by 0.6%. Financial stocks performed strongly, with HSBC Holdings up 0.2%, AIA Group gaining 2%, Ping An Insurance rising 0.1%, and Hong Kong Exchanges and Clearing climbing 0.3%. Source...
Japan's benchmark Nikkei 225 surpassed the 45,000 mark for the first time, leading gains in Asia-Pacific markets Monday, after President Donald Trump said that the U.S.-China trade negotiations in Spain were progressing well. The trade talks were overshadowed by a "framework" deal regarding the divestment of Chinese-owned TikTok, announced by Treasury Secretary Scott Bessent Monday. Speaking from Madrid, Bessent noted that the commercial terms have already been settled. Both U.S. President Donald Trump and Chinese President Xi Jinping will speak on Friday to discuss the terms. Japan's...