U.S. stocks moved higher on Monday as investors tracked the latest developments in trade and awaited the start of big tech earnings this week. The S&P 500 rose 0.4%, and the Nasdaq Composite jumped 0.7%. Both indexes had hit new all-time intraday highs during the session. The Dow Jones Industrial Average, meanwhile, ticked up by 98 points, or 0.2%. The market was bolstered by moves in major technology names. Alphabet increased more than 2%, while Apple rose almost 2%. Others like Meta Platforms advanced more than 1%. Trade was once again in focus as the White House reiterated its...
European stocks closed higher on Tuesday, extending their sharp gains from the previous session amid easing trade war concerns with the United States and fresh support from the defense sector. The STOXX 50 gained 0.6% to close at 5,425 and the pan-European STOXX 600 gained 0.5% to 553. U.S. President Trump said European Union officials were rapidly holding talks for a trade deal with the U.S., aiming to roll back tariffs imposed by the White House and adding to the president's positive rhetoric on trade that had sent stocks sharply higher in the previous session. On the economic front,...
The Hang Seng rose 100 points or 0.4% to close at 23,382 on Tuesday, partly recovering from the prior session's slump amid broad-based sector gains. Sentiment was lifted by data showing a pickup in China's industrial profits for April, suggesting resilience despite ongoing U.S. trade tensions and deflation risks. A rally in U.S. futures also supported the mood as Wall Street was set to reopen after Monday's break. Meantime, President Trump backed away from his threat to impose 50% tariffs on EU imports, restoring the original July 9 deadline. However, gains were capped by Hong Kong's April...
European shares remained stable on Tuesday, supported by defence stocks after U.S. President Donald Trump threatened additional sanctions on Russia, though broader gains were restrained by ongoing caution over U.S. trade policy shifts. The continent-wide STOXX 600 index held its ground at 551.53 points, as of 0711 GMT. The benchmark closed 1% higher in the previous session after Trump extended the tariff deadline on the European Union to July 9 from June 1. Europe's defence index rose 1% on the day after President Trump said he would recommend additional sanctions on Moscow, amid...
Japan stocks were higher after the close on Tuesday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.58%. The best performers of the session on the Nikkei 225 were Kawasaki Heavy Industries, Ltd. (TYO:7012), which rose 4.61% or 438.00 points to trade at 9,949.00 at the close. Meanwhile, TDK Corp (TYO:6762) added 3.12% or 47.50 points to end at 1,570.50 and Furukawa Electric Co., Ltd. (TYO:5801) was up 3.03% or 197.00 points to 6,695.00 in late trade. The worst performers of the session were Rakuten Inc (TYO:4755),...
Hong Kong stocks added 35 points or 0.15% in early trade on Tuesday, hovering near 23,312 after a sharp drop in the previous session. Investors reacted to fresh data from China showing industrial profits rose 1.4% in the first four months of 2025, up from 0.8% in Q1, as Beijing ramped up efforts to support the sluggish economy and counter rising trade risks. On the trade front, Hong Kong's exports jumped 14.7% in April, but imports rose a faster 15.8%, widening the trade gap. Meanwhile, Fitch Ratings affirmed Hong Kong's long-term foreign currency issuer default rating at AA- with a...