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...
European markets closed lower Wednesday after regional economic sentiment dropped in December, according to preliminary data. The pan-European Stoxx 600 index ended the session down 0.27%, having traded higher for most of the morning session. Most major bourses and the majority of sectors also closed the day in negative territory, with healthcare, financial services and media stocks among the few in the green. The downturn came after the European Commission released preliminary data showing its economic sentiment indicator had dropped 1.7 points in the EU and 1.9 points in the euro area...
Wall Street's major indexes opened weak on Wednesday, as investors digested weaker-than-expected jobs data and assessed a report that President-elect Donald Trump is considering declaring a national economic emergency. The Dow Jones Industrial Average (.DJI), rose 13.7 points, or 0.03%, at the open to 42,542.1. The S&P 500 (.SPX), gained 1.6 points, or 0.03%, to 5,910.66, while the Nasdaq Composite (.IXIC), fell 20.3 points, or 0.10%, to 19,469.365. Source: Reuters
The Hang Seng plunged 168 points, or 0.9%, to close at 19,280 on Wednesday, falling for a third straight session and hitting a six-week low as losses spread across sectors. Risk-off sentiment prevailed as traders grappled with uncertainty over U.S. interest rates and policy under incoming President Trump. Caution also persisted ahead of China's March National People's Congress, with investors expecting limited policy action for the time being. Meanwhile, Chinese officials criticized Washington's decision this week to blacklist several Chinese technology companies over alleged military...
European markets opened slightly higher on Wednesday as traders assessed the region's economic outlook. The pan-European Stoxx 600 index opened 0.1% higher with most sectors in positive territory, with financial services stocks up nearly 1%. The worst-performing sector was autos. Traders will be watching data on European consumer confidence and economic sentiment. On the earnings front, Shell will release its fourth-quarter update. European markets closed higher on Tuesday as investors in the region digested the latest inflation data showing euro zone consumer prices rose to 2.4% in...
Japanese stocks fell after the close on Wednesday, as losses in the Electric Power, Transportation Equipment and Warehousing sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.27%. The best performer on the Nikkei 225 was Rakuten Inc (TYO:4755), which rose 5.73% or 49.90 points to trade at 920.10 at the close. Meanwhile, Mitsui Mining and Smelting Co. (TYO:5706) rose 4.29% or 199.00 points to close at 4,835.00 and Furukawa Electric Co., Ltd. (TYO:5801) gained 3.90% or 274.00 points to 7,302.00 in late trade. The worst performer on the session was Tokio Marine...