The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The Dow Jones Industrial Average gained 208 points as investors digested a wave of trade developments and corporate earnings. Optimism surrounding trade talks contributed to the rally, with President Trump scheduled to meet with European Commission President Ursula von der Leyen on Sunday amid hopes of a US-EU deal. Deals were also reached with Japan, Indonesia, and the Philippines ahead of the...
US stocks were firmly higher on Friday after evidence of a strong labor market softened concerns of a recession this year. The S&P 500, the Dow, and the Nasdaq 100 were all above 1% higher, with the former two set to record a nine-session win streak. The US added 177 thousand jobs in April, more than expectations of 130 thousand, while the unemployment rate remained unchanged and wages grew loosely in line with expectations. The stronger momentum was also owed to China noting that it will consider starting talks with the White House on potential trade deals. Gains were broad-based...
Japan stocks were higher after the close on Friday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.98% to hit a new 1-month high. The best performers of the session on the Nikkei 225 were Yamato Holdings Co., Ltd. (TYO:9064), which rose 5.32% or 105.00 points to trade at 2,077.50 at the close. Meanwhile, Sumitomo Dainippon Pharma Co Ltd (TYO:4506) added 5.26% or 47.00 points to end at 941.00 and Otsuka Holdings Ltd (TYO:4578) was up 5.22% or 382.00 points to 7,697.00 in late trade. The worst performers of the...
European stocks are heading for a mixed open on Friday, as investors assess a signal that China is seeking trade negotiations will the U.S. Germany's DAX and France's CAC 40 were seen opening lower, according to IG data, with U.K. stocks moving higher. Most markets were closed on Thursday for the May 1 holiday. London's FTSE 100 ended a choppy session 0.02% higher to mark its 14th straight session in the green, drawing level with its best run since 2017. Earnings in Europe on Friday include bank Standard Chartered, which beat estimates with a 10% gain in first-quarter profit, Natwest and...
(Hong Kong) The Hang Seng Index rose 73 points, or 0.33%, to 22,192. The China Enterprises Index gained 23 points, or 0.29%, to 8,100. The Tech Index increased 24 points, or 0.48%, to 5,112. Tech stocks showed mixed performance. Tencent rose 0.2%, Alibaba increased 1.4%, Meituan fell 0.5%, Xiaomi Group gained 1.1%, JD.com rose 0.6%, and Kuaishou remained unchanged. Financial stocks also showed mixed performance. HSBC Holdings fell 1.2%, with Group Chairman Mark Tucker set to retire before the end of the year. AIA Group rose 2.4%, China Ping An remained unchanged, and Hong Kong Exchanges and...
The Nikkei 225 Index jumped 1% to around 36,800 while the broader Topix Index gained 0.5% to 2,693 on Friday, with Japanese shares scaling one-month highs as investors dialed back expectations on further interest rate hikes from the Bank of Japan this year. The benchmark indexes are also on track to advance for the third consecutive week, recovering all the losses triggered by US President Donald Trump's April 2 announcement of his sweeping reciprocal tariffs. On Thursday, the BOJ kept its policy rate unchanged at 0.5% and slashed its growth and inflation forecasts, signaling a lower...