European stocks closed higher on Thursday as investors digested the regional and global economic outlook. The pan-European Stoxx 600 reversed course to finish 0.12% higher by the end of Thursday's session, with major bourses and sectors mostly higher following broadly negative moves earlier in the day. It comes after a positive trading session yesterday, with the Stoxx 600 closing almost 1.1% higher and most sectors and major regional bourses in the green. Global markets have been boosted this week by rising expectations that the U.S. Federal Reserve will cut interest rates when it next...
European equity markets were poised to open sharply lower on Tuesday, as global sentiment soured following US President-elect Donald Trump's vow to raise tariffs on China, Mexico, and Canada, fueling concerns over escalating global trade tensions. Regional markets have faced pressure since Trump's election, with fears that his administration could target European economies and companies with additional tariffs. Meanwhile, there are no major economic or earnings reports scheduled in Europe for today. In pre-market trading, Euro Stoxx 50 and Stoxx 600 futures were both down around...
The Shanghai Composite rose 0.6% to above 3,280 while the Shenzhen Component gained 0.1% to 10,430 on Tuesday, with mainland stocks recovering losses from the previous session amid hopes that Beijing would implement more stimulus measures to support economic growth and mitigate the impact of escalating US tariffs. However, sentiment remained cautious as US President-elect Donald Trump announced plans to impose an additional 10% tariff on all Chinese goods entering the US. Notable performers included East Money Information (+1.5%), Guangdong Dongfang (+2.3%), Zhejiang Jinke (+4.6%),...
The Nikkei 225 Index fell 1.7% to drop below 38,200, while the broader Topix Index declined 1.2% to 2,684 on Tuesday, reversing two days of gains as global sentiment soured. The downturn followed US President-elect Donald Trump's announcement of a 10% additional tariff on all Chinese goods and a 25% tariff on imports from Mexico and Canada, raising concerns over global trade tensions. Japan, with its heavy reliance on exports to China, remains vulnerable to fluctuations in China's economic activity. Domestically, investors are also focused on Tokyo's upcoming inflation data, which is seen...
Asia-Pacific markets fell on Tuesday, failing to track gains on Wall Street as US benchmarks hit record highs following President-elect Donald Trump's choice for Treasury secretary. Australia's S&P/ASX 200 traded 0.28% lower, after hitting an all-time closing high on Monday. Japan's Nikkei 225 fell 0.82%, while the Topix fell 0.64%. Japan's services PPI rose 2.9% year-on-year, compared with a 2.8% gain the previous month. The Kospi fell 0.40% in the first hour of trading. Hong Kong's Hang Seng index futures were at 19,245, up from the HSI's last close of 19,150.99. Traders in...
U.S. stocks rise as investors greet the appointment of Scott Bessent to lead the Treasury Department, on hopes he could blunt some potentially inflationary policies. Super Micro Computer adds 16% to a winning streak started when it cleared a regulatory issue with Nasdaq and rose 78% last week. Bath & Body Works rises 17% after the retailer beats earnings forecasts and raises its guidance. Treasury yields and the dollar decline, ahead of a heavy flow of data before Thanksgiving. The DJIA gains 440 points, or 1%, to 44737, its 45th record this year. The S&P and Nasdaq rise slightly,...