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...
Japanese stocks fell after the close on Friday, as losses in the Shipbuilding, Precision Instruments and Retail sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.52%. The best performers on the Nikkei 225 were Chiba Bank Ltd (TYO:8331), which rose 4.21% or 50.50 points to trade at 1,250.50 at the close. Meanwhile, Furukawa Electric Co., Ltd. (TYO:5801) gained 3.62% or 215.00 points to close at 6,155.00 and Dai-ichi Life Holdings Inc (TYO:8750) gained 3.53% or 138.00 points to 4,051.00 in late trade. The worst performers were Nissan Motor Co., Ltd. (TYO:7201),...
European equity markets were poised to open slightly lower on Friday as investors braced for Eurozone inflation data, which could influence the European Central Bank's interest rate decision in December. Traders will also be looking at preliminary inflation figures for France and Italy, as well as retail sales data for Germany. Meanwhile, there are no major earnings releases scheduled for today. In premarket trading, Euro Stoxx 50 futures dropped 0.2%, while Stoxx 600 futures slipped 0.1%.European equity markets were poised to open slightly lower on Friday as investors braced for Eurozone...
Hong Kong stocks fell 42 points, or 0.2%, to 19,328 on Friday morning, down for a second session amid continued caution ahead of China's official November PMI figures due later this week. The Hang Seng is on track for a second straight monthly decline, down nearly 5% so far, weighed down by growing concerns over the impact of Sino-U.S. trade tensions from the current and incoming administrations. A decline in financial stocks dragged on the index, amid uncertainty over whether Beijing will introduce new policy measures to support the Chinese economy as the year ends. Source: Trading...
The Nikkei 225 Index fell 0.7% to below 38,100, while the broader Topix Index fell 0.4% to 2,677 on Friday, reversing some of the previous session's gains. Investors were reacting to data showing that Tokyo inflation rose above 2% in November, fueling speculation that the Bank of Japan will raise interest rates next month. Markets now price in a 60% chance of a 25 basis point rate hike in December, up from about 50% a week ago. Meanwhile, the latest data on industrial production, retail sales and employment showed signs of slowing economic activity. Technology stocks led the decline, with...
The pan-European Stoxx 600index ended up 0.45%, having slightly pulling back from earlier gains. Banking stocks led the pack, up 0.98%, while household goods were a rare outlier, down 0.67%. France's CAC 40 index rose 0.51%, rebounding from a decline Wednesday even as the country's risk premium drew level with Greece's for the first time amid ongoing political turmoil.Shares of British insurance firm Direct Line jumped 42%, hitting their highest level since early 2023, after it said a takeover offer from rival Aviva "substantially undervalued" the company. The stock ended the day 41%...