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...
Major European bourses traded lower on Thursday, with both the STOXX 50 and STOXX 600 down 0.4% as investors digest fresh corporate earnings, look ahead to the European Central Bank's upcoming policy decision and continue to follow the trade war. Hermes shares fell 3% after the luxury brand reported a 7% year-on-year revenue increase in Q1, falling short of expectations for 7.6%. In contrast, Siemens Energy surged nearly 10% after the company raised its outlook for fiscal 2025, with first-quarter revenue and profit also exceeding forecasts. Meanwhile, the ECB is widely expected to deliver...
The Nikkei 225 index rose 1.35% to close at 34,377 while the broader Topix index jumped 1.29% to 2,530 on Thursday, reversing losses from the previous session as progress in U.S.-Japan trade talks lifted market sentiment. President Donald Trump met with Japanese Economy Minister Ryosei Akazawa, with discussions reportedly expanding to include the cost of troop deployment, adding a geopolitical dimension to the negotiations. On the economic front, Japan's March export growth missed expectations, dragged down by weak demand from China and the EU. However, a return to positive import growth...
Hong Kong stocks rose 266 points, or 1.3%, to 21,324 in early trade on Thursday, led by broad sector gains. The gains followed a weak session and came amid a surge in U.S. stock futures, following an overnight sell-off on Wall Street sparked by Fed Chair Powell's warning that trade tensions could threaten the Fed's inflation and employment targets. Meanwhile, mainland Chinese markets attempted to extend their four-day winning streak after better-than-expected Q1 GDP data. Additionally, reports suggested that Beijing was seeking specific steps from President Trump before agreeing to trade...
Asian stocks traded in a tight range and the yen weakened after US-Japan trade talks advanced, as investors adopt a wait-and-see approach to see how other tariff negotiations unfold. Japanese shares gained slightly after President Donald Trump said negotiators made "big progress" in talks to strike a deal to avoid higher levies. The yen weakened after the country's chief trade negotiator said currencies weren't discussed. Gold advanced to a record while Treasury yields and a gauge of the dollar inched up. The progress in discussions with Japan, "while preliminary, offer a...
Japanese stocks rose as some bargain hunting began following recent declines despite continued uncertainty over U.S. tariffs. Electronics and heavy industry shares led the gains. TDK rose 3.0% and Lasertec added 1.5% while Kawasaki Heavy Industries gained 2.4% and IHI added 1.4%. USD/JPY was at 142.28, compared with 142.36 at the close of trading on the Tokyo Stock Exchange on Wednesday. Investors were focused on tariff-related news ahead of the earnings season that starts next week. The Nikkei Stock Average was up 0.2% at 33,986.96. Source: Bloomberg