European stocks posted slight declines on Monday (July 21st) as markets continued to assess the trade outlook in the European Union. The Eurozone STOXX 50 fell 0.3% to close at 5,342, and the pan-European STOXX 600 fell 0.1% to 546. US officials maintained the threat of 30% tariffs on EU exports while the EU Commission continued to negotiate lower tariffs ahead of the August 1st deadline. Meanwhile, the EU also signaled that aggressive retaliation would be pursued if no deal was reached, risking escalation and higher prices in the bloc. Shares of luxury goods giants led the decline in the...
European stocks edged higher on Wednesday as investors looked to a ceasefire between Israel and Iran as a sign of easing tensions. The pan-European STOXX 600 index (.STOXX), was up 0.2% at 542.12 points, as of 0704 GMT. Other major regional indexes were also trading higher, except for Spain's (.IBEX), which fell 0.3%. A truce brokered by U.S. President Donald Trump between Iran and Israel appeared to be holding on Wednesday, a day after both countries signaled that their air war was over, at least for now. Trump's Middle East envoy said late Tuesday that talks between the U.S. and Iran...
Japanese stocks rose after the close on Wednesday (6/25), as gains in the Real Estate, Banking and Textile sectors boosted shares. At the close of trading in Tokyo, the Nikkei 225 rose 0.40% to hit a fresh 3-month high. The best performers on the Nikkei 225 were Taiyo Yuden Co., Ltd. (TYO:6976), which rose 7.16% or 167.00 points to trade at 2,501.00 at the close. Meanwhile, Pacific Metals Co., Ltd. (TYO:5541) rose 4.08% or 66.00 points to close at 1,685.00 and SUMCO Corp. (TYO:5541) gained 4.08% or 66.00 points to close at 1,685.00. (TYO:3436) rose 3.93% or 41.50 points to close at...
Hong Kong shares rose 205 points, or 0.9%, to 24,385 in early trade on Wednesday (6/25), marking a fourth straight session of gains and maintaining a two-week high. The gains followed an overnight rally on Wall Street, which was driven by optimism that a US-brokered ceasefire between Israel and Iran would hold. Investors also cheered remarks by Fed Chairman Jerome Powell that the central bank is committed to containing inflation and will likely keep interest rates steady until the impact of tariffs becomes clearer. Sentiment was further supported by a third straight day of gains in mainland...
Asia-Pacific markets traded mixed on Wednesday, as investors digested a ceasefire between Israel and Iran, as well as fresh comments from the U.S. Federal Reserve. There was growing optimism that a truce between Israel and Iran brokered by U.S. President Donald Trump is likely to hold. Australia's S&P/ASX 200 was flat. South Korea's Kospi rose 0.31%, while the small-cap Kosdaq fell 0.21%. Japan's benchmark Nikkei 225 index rose 0.11%, while the Topix fell 0.13%. Hong Kong's Hang Seng Index rose 0.66% and mainland China's CSI 300 was flat. U.S. futures were nearly flat. Futures tied...
The Nikkei 225 edged up 0.1% to above 38,800 on Wednesday, while the broader Topix index fell 0.2% to 2,776, as Japanese equities struggled for direction amid geopolitical uncertainty. Investors weighed the sustainability of a U.S.-brokered ceasefire between Iran and Israel, with intelligence reports suggesting a recent U.S. missile strike failed to completely destroy Iran's main nuclear facility. Market participants also digested fresh comments from Fed Chair Powell, who reiterated the Fed's commitment to taming inflation and signaled that interest rates would likely remain unchanged until...