European shares reversed their earlier declines to close slightly higher on Tuesday, with energy stocks limiting broader gains, while investors weighed the potential impact of a U.S. government shutdown on financial markets. The pan-European STOXX 600 closed 0.5% higher, in its third consecutive session of gains. The index logged a quarterly rise and a third month in positive territory, its best showing since May. London's FTSE 100 hit an intraday record high. Most sectors were on the rise, with media stocks gaining 1.2% and retail up 1.1%. Industrial and healthcare stocks provided the...
US President Donald Trump, in his speech on Monday night (August 11th), expressed his determination to "liberate" Washington D.C. from crime, violence, and social problems that he said had been left unchecked for too long. Trump said he would deploy federal troops to restore security and order to the capital, while ensuring the city is once again safe and orderly for its citizens. In his speech, Trump also highlighted the growing problem of homelessness in the downtown area. He plans to relocate the homeless to alternative housing outside the core area of Washington D.C., citing...
Wall Street stocks opened mixed on Monday, ahead of the crucial release of US inflation data and the approaching deadline for the interim tariff reduction agreement between Washington and Beijing. Minutes after trading opened, the Dow Jones Industrial Average rose 0.2% to 44,252.25, while the S&P 500 was flat at 6,388.35. The tech-rich Nasdaq Composite Index weakened 0.2% to 21,403.12. This movement comes after US employment data for the past three months showed weakness, which is considered a "green light" for the Federal Reserve to cut interest rates to boost the world's largest...
The Hang Seng added 48 points or 0.2% on Monday, ending around 24,907 after a brief dip in morning trade, lifted by optimism over fresh property market support in the mainland. Beijing city announced last Friday it would remove limits on the number of homes residents can buy in suburban areas, ending the two-unit-per-household cap and sparking gains in property stocks such as Longfor Group (1.9%), China Resources Land (1.5%), and Sunac China (1.4%). Sentiment was also supported by July CPI data in China, where consumer prices beat forecasts following government subsidies for consumer goods....
European shares rose on Monday, extending the strong momentum from last week on optimism over a potential Ukraine peace deal, while investors turned their attention to upcoming U.S. inflation data and tariff negotiations later in the week. The pan-European STOXX 600 index was up 0.3% by 0708 GMT, hovering near its strongest level since July 31. Ukrainian President Volodymyr Zelenskiy won diplomatic backing from Europe and the NATO alliance ahead of a Russia-U.S. summit this week, where Kyiv fears Russian President Vladimir Putin and U.S. President Donald Trump may try to dictate terms for...
The Hang Seng Index opened 87 points higher, or 0.35%, at 24,946 points, while the National Enterprises Index rose by 23 points, or 0.26%, to 8,918 points. The Technology Index increased by 10 points, or 0.19%, to 5,470 points. In the technology sector, Alibaba saw a rise of 1.46%, Meituan gained 0.25%, and Kuaishou added 0.19%. Conversely, Xiaomi declined by 0.39%, and Tencent remained unchanged. Source : Dimsumdaily.hk