Asia-Pacific markets traded mixed Monday, as investors keep a close watch on the People's Bank of China's decision on its 1-year and 5-year loan prime rates for July, as well as the latest developments on the trade front. Trade came into focus once again over the weekend as the White House reiterated its position on tariffs. On Sunday, U.S. Commerce Secretary Howard Lutnick called Aug. 1 the "hard deadline" for countries to start paying tariffs, though he also added that "nothing stops countries from talking to us after August 1." South Korean markets started the day higher Monday. As of...
European stock markets rose for the fourth day as investors awaited news on U.S. tariffs and trade agreement. The STOXX Europe 600 index provisionally ended the session up 0.5%. Regionally, the U.K.'s FTSE 100 was up 1.2%, France's CAC 40 was higher by 0.3%, while Germany's DAX bucked the trend by declining 0.3%. Global investors are brushing off a string of announcements of high U.S. tariffs because they are being viewed a "posturing," according to Hargreaves Lansdown's head of money and markets, Susannah Streeter. Ultimately, traders see room to negotiate top rates away in the weeks...
Wall Street opened muted on Thursday, taking a breather after Nvidia's $4 trillion sprint, while airline stocks jumped following Delta's upbeat forecast. At 09:31 a.m. the Dow Jones Industrial Average opens new tab fell 68.24 points, or 0.15%, to 44,390.06, the S&P 500 opens new tab lost 0.83 points, or 0.01%, to 6,262.43 and the Nasdaq Composite opens new tab gained 21.29 points, or 0.10%, to 20,632.63. Source: Reuters
The Hang Seng rose 136 points or 0.6% to close at 24,028 on Thursday, partly recovering from a sharp drop the day before amid strong gains in financial and property stocks. Traders looked for signs of policy support after China's producer prices last month shrank the most in near two years. Meanwhile, minutes from the June FOMC meeting showed that "most participants" expected rate cuts would be appropriate later this year, with any inflation from tariffs seen as "temporary or modest." Markets largely brushed off fresh tariff threats from U.S. President Trump, with analysts noting investors...
European stocks edged higher Thursday, with investors showing a degree of confidence even after U.S. President Donald Trump's latest salvo of trade tariffs. At 03:05 ET (07:05 GMT), the DAX index in Germany gained 0.4%, the CAC 40 in France climbed 0.4% and the FTSE 100 in the U.K. rose 0.8%. New U.S. tariff ratesOn Wednesday, U.S. President Donald Trump sent letters dictating new U.S. tariff rates on at least seven more countries' imports, adding to the letters sent to 14 other countries earlier this week. He also announced a 50% tariff on Brazil after a spat with his Brazilian...
Japan stocks were lower after the close on Thursday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.37%. The best performers of the session on the Nikkei 225 were Rakuten Inc (TYO:4755), which rose 3.23% or 25.30 points to trade at 808.50 at the close. Meanwhile, Hoya Cor (TYO:7741) added 3.22% or 555.00 points to end at 17,780.00 and Resonac Holdings Corp (TYO:4004) was up 2.46% or 84.00 points to 3,498.00 in late trade. The worst performers of the session were Nikon Corp. (TYO:7731), which fell...