European stocks rose on Wednesday, with the STOXX 50 up 0.7% and the STOXX 600 up 0.2%, as investors weighed progress in trade talks between the U.S. and its major trading partners, while looking to the ECB forum for signals on the central bank's policy outlook for the rest of the year. U.S. President Trump reiterated that he would not delay a July 9 deadline for resuming higher tariffs, reiterating his threat to end talks and impose new duties on several countries, including Japan. Also, a deal was announced with 20% tariffs on Vietnam. Meanwhile, recent comments from several ECB...
The S&P 500 and Nasdaq rallied on Wednesday, rising 0.5% and 0.8%, respectively, with the S&P 500 closing at a new record high while the Dow ended flat. The market was lifted by strong technology gains and news of a U.S.-Vietnam trade deal that includes 20% tariffs on certain Vietnamese imports. Investor sentiment was further buoyed by renewed trade optimism and weak labor market data, which reinforced expectations for a Federal Reserve interest rate cut. Apple (+2.2%), Nvidia (+2.6%) and Tesla (+5%) led the rally, helping the Nasdaq rise. However, ADP data showed private-sector...
Japanese stocks edge lower as uncertainty over U.S. tariffs continues. Tech and pharmaceutical stocks are leading declines. SoftBank Group falls 1.5% and Otsuka Holdings is 2.1% lower. USD/JPY is at 143.57, compared with 143.71 as of Wednesday's Tokyo stock market close. Investors are closely watching any developments related to U.S. tariffs as well as domestic policymaking ahead of the upper-house election later this month. The Nikkei Stock Average is down 0.1% at 39710.51. Sumber: Marketwatch
The Hang Seng Index started the day with a 12-point rise, reaching 24,234 points before fluctuating and ultimately falling by 126 points or 0.52%, settling at 24,094 points. Concurrently, the H-share Index dropped by 60 points or 0.69% to 8,663 points, while the Technology Index decreased by 29 points or 0.56%, closing at 5,239 points. The main board saw a turnover of HKD 39.8 billion. Tech stocks showed softness with Tencent declining by 0.5%, Alibaba by 2.3%, Meituan by 2.1%, Xiaomi Corporation by 1.5%, and Kuaishou by 1.2%. In individual developments within financial stocks, HSBC...
Japanese shares ended higher on Thursday as investors awaited a key US jobs report and the outcome of a major tax and spending bill in Congress, both seen as potential triggers for Fed rate cuts. The Nikkei 225 rose 0.06%, or 23.42 points, to end at 39,785.90. Investors awaited a House vote in the US on Trump's $3.3 trillion tax and spending bill, which would cut taxes, reduce social programs, and raise the national debt. The focus also remained on US payrolls data due later in the day, with forecasts calling for a 110,000 job gain and unemployment rising to 4.3%. A surprise drop in...