European stock markets edged higher on Monday, as investors looked ahead to a trading week due to feature key economic data and a potential U.S. government shutdown. The pan-European Stoxx 600 had climbed by 0.3%, while the Dax in Germany gained 0.2%, the CAC 40 in France rose 0.1%, and the FTSE 100 in the U.K. increased around 0.2%. Shares of Britain's GSK rallied over 2%, boosting the wider health care sector, on news that the drugmaker's CEO Emma Walmsley will step down. Walmsley is due to be replaced by Luke Miels in January. AstraZeneca's stock price also ticked up after the U.K....
US stocks fell on Tuesday as losses in major technology names dragged the market lower, with the S&P 500 slipping 0.6% and the Nasdaq falling 1.5%, its lowest level in more than two weeks, on steep drops in chipmakers. The Dow Jones finished muted after briefly hitting a record high earlier in the day. Nvidia slid 3.5%, AMD tumbled 5.4%, and Broadcom fell 3.6%, while Palantir plunged 9.3%, making it the weakest performer in the S&P 500. On the upside, Home Depot gained 3.2% despite missing earnings expectations, supported by signs of firming demand in the housing sector. Intel...
European stocks rose Tuesday, with investors digesting the meeting between U.S. President Donald Trump and Ukraine President Volodymyr Zelensky in Washington. The DAX index in Germany gained 0.5%, the CAC 40 in France rose 1.2% and the FTSE 100 in the U.K. increased 0.4%. Rising peace optimism Sentiment received a boost Tuesday after a meeting between the presidents of the U.S. and Ukraine ended relatively positively, with both sides hopeful of the future. Trump said that the U.S. would help guarantee Ukraine's security, but did not specify the terms of any guarantees. He also raised the...
US stocks traded mixed within a narrow range on Tuesday as the market assessed earnings results and continued to gauge the outlook for monetary policy this year. The S&P 500 remained near the flatline, not far from last week's record, while the Dow Jones Industrial Average rose 100 points. The Nasdaq 100 edged down 0.3%. Home Depot jumped 3% to support the Dow Jones Industrial Average despite missing second-quarter earnings estimates, as the large home improvement retailer kept its annual forecast steady. The store is the first of several retail giants to report results this week,...
The Hang Seng Index fell 54 points, or 0.2%, to close at 25,123 on Tuesday (August 19), marking its fourth session of declines and its lowest close in nearly three weeks. Investors remained cautious ahead of the PBoC's monthly benchmark lending rate review due on Wednesday. Weakening US index futures also added to risk-off sentiment ahead of the Jackson Hole meeting later this week. Meanwhile, the latest data showed China's youth unemployment rate jumped to 17.8% in July from 14.5% in June, the highest since August 2024. The broader unemployment rate also rose to a four-month high of...
European stocks edged higher on Tuesday as global markets reacted positively to the outcome of talks between U.S. President Donald Trump, Ukrainian President Volodymyr Zelenskyy and European leaders at the White House on Monday. The pan-European Stoxx 600 was 0.1% higher by 8:11 a.m. in London (3:11 a.m. ET), with most sectors in positive territory. Defense stocks were among the worst performers in the index during early trade, as investors digested the news of talks in Washington. The Stoxx Europe Aerospace and Defense index was last seen trading 0.4% lower. German tank parts...