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...
The Hang Seng plunged 437 points, or 2.2%, to close at 19,623 in the first trading session of 2025, pressured by further selling in mainland markets following sluggish Chinese factory activity in December. The index fell to a near one-month low, with concerns growing over potential tariff hikes by the Trump administration and their broad impact on Chinese exports. Nervous traders anticipated that markets would lack clear direction until the National People's Congress in early March when Beijing is due to announce its growth targets for the new year. Losses were broad, with financials down...
HK50 decreased to a 4-week low of 19563.00 Index Points. Over the past 4 weeks, Hong Kong Stock Market Index (HK50) lost 0.84%, and in the last 12 months, it increased 17.63%. Source: Trading Ecnomics
Stocks were slightly higher Tuesday, as investors look to wrap up another booming year that hoisted the S&P 500 to its second consecutive annual gain exceeding 20%, spurred by enthusiasm for rate cuts, economic strength and artificial intelligence. The broad market index traded 0.3% higher, while the Nasdaq Composite added 0.2%. The Dow Jones Industrial Average advanced 141 points, or 0.3%. The S&P 500 has surged 24% in 2024, building on a gain of 24.2% from last year. The two-year gain of around 54% is the best since the nearly 66% rally in 1997 and 1998. Meanwhile, the Dow has...
US stock futures rose on Tuesday, signaling a rebound after three days of losses and a continuation of Wall Street's strong rally in 2024. S&P 500 and Nasdaq 100 futures rose 0.4%, while Dow Jones futures rose 75 points. The S&P 500 is on track to post a strong gain of about 27% for the year, driven by factors including anticipated interest rate cuts, strong corporate earnings and significant investments in artificial intelligence (AI). Companies such as Palantir Technologies and Nvidia are leading the way with triple-digit gains. The Dow Jones is also performing well, up about...
European markets, including the Stoxx 600, FTSE 100 and CAC 40, traded almost flat on Tuesday ahead of the New Year holiday, reflecting a subdued mood amid political uncertainty and cautious sentiment. Wizz Air bucked the trend, rising on an upbeat growth forecast for 2026. Regional markets are set to close 2024 with modest gains, with the Stoxx 600 up 5.5% for the year. European equities have lost momentum after hitting a record high in September, weighed down by concerns about U.S. tariffs under President-elect Trump and political instability in France and Germany. The CAC 40 is down 2.5%...