Stocks rose on Monday as Wall Street tried to regain its footing after a week in which the artificial intelligence trade lost some steam. The Dow Jones Industrial Average traded 70 points higher, or 0.2%. The S&P 500 climbed 0.4%, and the Nasdaq Composite advanced 0.6%. AI-related stock Nvidia rose after skepticism around the AI trade put pressure on the broader stock market last week. Some traders even questioned whether there was enough energy to power an infrastructure plan between Nvidia and OpenAI. Nvidia was last up more than 2%. Meanwhile, shares of Electronic Arts jumped more...
The Hang Seng ended little changed on Tuesday, hovering around 26,438 after dipping earlier in the session. Another record close on Wall Street Monday supported sentiment, as bets grew that the Fed will resume its easing cycle this week and leave the door open to further cuts. Strength in tech and consumer stocks helped offset weakness in property and financials, while traders digested a framework deal between the US and China to place TikTok under US-controlled ownership, with final approval expected in a Friday call between President Trump and Xi Jinping. The index tracked mainland...
European stocks traded in a muted fashion Tuesday, awaiting news from the Federal Reserve policy meeting while digesting key regional economic data. The DAX index in Germany dropped 0.1%, the CAC 40 in France slipped 0.2% and the FTSE 100 in the U.K. fell 0.1%. Fed meeting starts The Fed starts its latest two-day policy meeting later in the session, limiting activity as investors look for the U.S. central bank to cut interest rates at the conclusion on Wednesday, potentially offering global support. The Bank of England also meets later this week, but is widely expected to hold still on...
European stocks edged lower on Tuesday, with both the STOXX 50 and STOXX 600 slipping 0.2%, pausing after three straight sessions of gains. Traders turned cautious ahead of key monetary policy decisions this week from the Fed and the BoE, as well as China–US trade talks, while US President Trump begins his visit to the UK today. On the data front, markets await the ZEW Economic Sentiment Index for Germany, while UK labour figures continued to signal a slowdown in the job market. By sector, insurance, telecoms and banks led the declines, while basic resources and technology outperformed. In...
The Nikkei 225 rose 0.3% to close at 44,902 while the Topix gained 0.25% to 3,168 on Tuesday, with Japanese stocks hitting fresh record highs as they tracked Wall Street's advance ahead of an expected US Federal Reserve rate cut. Sentiment was also lifted after President Donald Trump said US-China trade talks in Spain were progressing, with a call between Trump and Chinese President Xi Jinping scheduled for Friday to finalize terms. Domestically, the Bank of Japan is expected to keep its policy rate at 0.5% this week as officials weigh the impact of US tariffs on Japan's export-driven...
The Hang Seng Index started the day with a rise of 90 points, or 0.34%, to 26,536. The China Enterprises Index gained 23 points, or 0.24%, to close at 9,407, while the Tech Index climbed 27 points, or 0.44%, to 6,070. Technology stocks displayed mixed results. Tencent rose by 0.5%, Meituan gained 0.6%, Xiaomi Group increased 0.5%, and Kuaishou advanced 0.6%. Meanwhile, Alibaba dropped 0.3% and JD.com fell by 0.6%. Financial stocks performed strongly, with HSBC Holdings up 0.2%, AIA Group gaining 2%, Ping An Insurance rising 0.1%, and Hong Kong Exchanges and Clearing climbing 0.3%. Source...