Stocks in the US closed near the flatline on Friday as investors weighed President Trump's push for higher tariffs on the European Union against strong economic data and corporate earnings. The S&P 500 and Nasdaq 100 finished mostly muted near their records, while the Dow Jones dropped 142 points, pressured by a 2.2% decline in American Express shares. Trump reportedly demands a minimum 15-20% tariff in any deal with the EU, which is working to finalize an agreement before his August 1 deadline. On the corporate front, Netflix shares fell 5.1% despite beating revenue and earnings...
European equity markets are set for a higher open on Wednesday, recovering from losses in the previous session as geopolitical concerns over the Russia-Ukraine war gradually ease. On Tuesday, financial markets were shaken after Russia lowered its threshold for a nuclear strike, while Ukraine launched a U.S.-made missile over the Russian border. However, tensions eased after Russian Foreign Minister Sergei Lavrov said the country would "do everything possible" to avoid a nuclear war, and the U.S. indicated it saw no reason to adjust its nuclear policy. Meanwhile, data showed that U.K....
Hong Kong stocks fell, snapping a two-day gain, after China left benchmark lending rates unchanged. The Hang Seng Index fell 0.2 per cent to 19,624.84 as of 10.05am local time. The Hang Seng Tech Index slipped 0.1 per cent. The CSI 300 Index eased 0.2 per cent and the Shanghai Composite Index added 0.1 per cent. Geely Automobile dropped 3.4 per cent to HK$13.16 and smartphone maker Xiaomi lost 1.6 per cent to HK$27.85. Alibaba Group Holding slipped 1.1 per cent to HK$84.30 and Hong Kong Exchanges and Clearing lost 1 per cent to HK$297.60. The one-year loan prime rate (LPR) for November...
The Nikkei Stock Average is flat at 38414.96 as gains in electronics stocks help offset losses in financial shares. Lasertec is up 0.7% while Dai-ichi Life Holdings is down 1.0%. USD/JPY is at 154.61, compared with 154.55 as of Tuesday's Tokyo stock market close. Investors are focusing on the yen's movements as well as developments for the Russia-Ukraine war. Source: marketwatch
Stocks in Asia made a muted start as traders awaited earnings from the world's most valuable company, while assessing heightened geopolitical risks. Shares edged higher in Seoul and Tokyo, and futures pointed to small declines in Hong Kong. US contracts climbed after Wall Street benchmarks closed higher, reversing earlier losses spurred by fears about an escalation in the Ukraine-Russia war. Treasuries were little changed after rising on haven demand in the previous session. The geopolitical headlines related to Ukraine created some selling pressure in US equities in...
The Nasdaq Composite gained Tuesday, driven by Nvidia shares, as investors shrugged of concerns of mounting geopolitical tensions between Ukraine and Russia. The Nasdaq popped 1.04% to finish at 18,987.47, while the S&P 500 gained 0.4% to end at 5,916.98. The Dow Jones Industrial Average dipped 120.66 points, or 0.28%, to settle at 43,268.94. One bright spot was technology stocks and Nvidia, which gained nearly 5% ahead of its closely watched earnings report Wednesday. Walmart added 3% after posting better-than-expected earnings and hiking its outlook on strong discretionary spending....