US stocks rallied on Wednesday (July 23), driven by optimism over a new trade agreement and strong corporate momentum. The S&P 500 rose 0.8% to a new record high, while the Nasdaq gained 0.7%. The Dow Jones Industrial Average surged 505 points, nearly reaching its own record high. The market welcomed news of a finalized trade deal between the US and Japan that includes reciprocal tariffs of 15%, with President Trump signaling similar progress in negotiations with the European Union. Reports suggesting a US-EU deal is nearing completion, mirroring Japan's framework, further boosted...
Germany's DAX index closed at an all-time high on Wednesday for the second time this week as European equities were broadly higher. The pan-European Stoxx 600 closed 0.39% higher, while the DAX closed at a fresh record of 21,254 points, according to LSEG data. Sportswear giant Adidas helped boost the German index, with shares ending 6% higher after the company said sales grew by 19% in its fourth-quarter results after the market close on Tuesday. The athletic apparels maker said revenues were nearly 6 billion euros ($6.25 billion) in the last three months of 2024, stripping out currency...
European equity markets are set to open higher on Wednesday (1/22), continuing the positive momentum of recent sessions as U.S. President Donald Trump refrained from implementing his tariff threats into action, despite signing a series of executive orders. This provided some relief to global markets. EU Commissioner Valdis Dombrovskis also stated that Europe would respond proportionately to any U.S. tariffs to protect the region's economic interests. Meanwhile, there are no major data releases in Europe on Wednesday, although EasyJet is due to report its latest earnings. Euro Stoxx 50 and...
The Shanghai Composite fell 1% to around 3,210 while the Shenzhen Component dropped 1.1% to 10,185 on Wednesday, with the Shanghai index hitting a one-week low after U.S. President Donald Trump said his team was discussing 10% tariffs on Chinese imports that could come into effect as early as Feb. 1. Trump's comments overshadowed more positive developments from Friday, when he had a friendly phone call with Chinese President Xi Jinping, during which they discussed trade and fentanyl, among other topics. At the World Economic Forum, Chinese Vice Premier Ding Xuexiang stressed that there are...
Hong Kong stocks fell 319 points, or 1.6%, to 19,787 in early trading on Wednesday, ending a six-session rally after U.S. President Trump said he could impose 10% tariffs on all Chinese imports after excluding China from a list of countries he would soon target a day earlier.The Hang Seng fell from its highest level in nearly four weeks, weighed down by broad weakness. However, gains on Wall Street overnight helped limit further losses, as Trump is expected to announce a new investment push for AI, led by major companies including Softbank Group Corp., OpenAI and Oracle. At home, Hong...
The Nikkei 225 jumped 1.4% to above 39,500, while the broader Topix index rose 0.7% to 2,732 on Wednesday, hitting its highest level in almost two weeks and tracking gains on Wall Street overnight. The rally came as U.S. President Donald Trump opted not to implement his tariff threats, offering relief to global markets. Despite the gains, investors remained cautious ahead of the Bank of Japan's monetary policy decision later this week, with BOJ officials hinting at a possible interest rate hike. Nearly all sectors participated in the rally, with major blue-chip stocks, including Disco...