|Day's range||0.00 - 0.00|
NEW YORK (AP) — U.S. stocks closed out a whirlwind week with a modest loss Friday as markets gauged how much to fret about the Trump administration's decision to step up the trade dispute between the world's two biggest economies.
Wall Street ended lower on Friday and global stocks continued to slide after U.S. President Donald Trump announced new tariffs on Chinese goods, while oil plummeted 3 percent on expectations that Saudi Arabia and Russia output would soon increase. Trump announced hefty tariffs on $50 billion of Chinese imports starting on July 6, with Beijing immediately vowing to respond in kind, intensifying fears of a growing trade war between the world's two biggest economies. Trump unveiled a 25 percent tariff on a list of strategically important imports from China, including cars, promising further measures if Beijing struck back.
The winds of trade wars are blowing hard this morning ... because investors need one more big thing to deal with at the end of a hard-core week, right? The last four days saw Trump buddy up to North Korea and some pretty hawkish action out of two major central banks, but aside from tech stocks, U.S. equities never got off the ground. “Perhaps Trump feels that the strength of the U.S. economy and recent success in Singapore gives him the breathing room to make a sacrifice on the economy and jobs in an attempt put additional pressure on other countries,” says Craig Erlam, senior market analyst at OANDA, in a note.
SEOUL, South Korea (AP) — Global stock markets were mostly lower on Friday as U.S. President Donald Trump's approval of a plan to impose tough tariffs on China renewed concerns about trade friction.
Asian stocks opened mixed Friday following wide declines the previous day. The improved start also came after a European Central Bank-fueled jump in Europe and muted moves in the U.S. following Wednesday’s ...
Investing.com – Asian stocks were mixed in morning trade on Friday as the U.S. is set to release an updated list of Chinese tariff targets.
Asian stocks closed mixed on Friday. Investors were cautious ahead of U.S. tariffs on China that the White House is expected to announce on Friday. The euro was on the back foot after the ECB said it would halve its bond-buying program in the last quarter of the year.
Asian stocks are set to rise Friday after their U.S. and European counterparts closed higher. The dollar hit an 11-month high and 10-year Treasury yields retreated.
Stocks fell on the final day of a week that included the U.S.-North Korea summit, major central bank meetings and escalating trade tensions between Washington and Beijing. The U.S. and China spent the day exchanging tariff threats, which drove down tech and industrial stocks, while a drop in the price of oil hit energy shares. With reports suggesting America is already preparing a second list of targeted goods worth as much as $100 billion, China said it doesn’t want a trade war but would have to counter.
Asian stock markets were mixed Friday after Wall Street largely finished with gains following the European Central Bank's announcement to phase out its bond-buying stimulus. Upbeat U.S. data helped bolstered ...
SEOUL, South Korea (AP) — Global stocks slumped Thursday after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases. Eyes are now on the European Central Bank, which is discussing Thursday when it might end its stimulus program.
Asian stock markets finished lower Thursday after the U.S. Federal Reserve indicated two more rate hikes are coming later this year, and as Chinese economic data missed expectations.
Investing.com – Asian stocks were mostly lower in afternoon trade on Thursday, as the Federal Reserve raised rates and upgraded their forecasts to four rate hikes in 2018. China’s data were also in focus as the country’s May industrial output and retail sales both missed expectations, while fixed-asset investment’s growth in the first five months were also well below forecasts.
Investing.com – Asian equities followed U.S. stocks lower in morning trade on Thursday as the Federal Reserve raised rates and upgraded their forecasts to four rate hikes in 2018 after recent data showed unemployment rate fell while inflation rose.
Asian stocks slumped Thursday after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases. South Korea's market benchmark tumbled 1.6 percent on the ...
Asian stocks closed lower on Thursday, with South Korea leading losses. The Federal Reserve hiked interest rates, a widely expected move, and indicated two more rate hikes were likely this year. Markets awaited the European Central Bank meeting later in the day.
U.S. stocks closed higher on gains by big technology and media companies, outweighing laggard financial and industrial shares. Comcast Corp. and Walt Disney Co. were among the big gainers in the S&P 500 Index Thursday as bidding for 21st Century Fox Inc.’s entertainment assets heated up. Facebook Inc., Amazon.com Inc. and other tech giants also climbed, sending the Nasdaq Composite Index to a record high.
Asia stocks are set for a mixed start after U.S. equities ended lower as the Federal Reserve struck a hawkish tone in its latest policy statement. Japanese equity futures fell, while they were little changed in Australia and nudged higher in Hong Kong. The Federal Open Market Committee on Wednesday raised rates and signaled it may pick up the pace of increases this year as unemployment falls and inflation flirts with target levels.
U.S. Treasury yields jumped and Wall Street reversed earlier gains to close lower on Wednesday, after the Federal Reserve raised interest rates and signalled that two more hikes could be coming this year. Ten-year U.S. Treasury note yields hit a one-week high, while two-year note yields rose to a three-week peak after the Fed's decision to raise its benchmark overnight lending rate a quarter of a percentage point, to a range between 1.75 percent and 2 percent.
The Federal Reserve is almost certain to raise interest rates by a quarter point for a second time this year at the conclusion of its two-day policy meeting at 2:00PM ET this afternoon. With the rate hike almost fully priced in, markets are focusing on whether the Fed will hint at the prospect of four rate hikes in 2018 when it releases new forecasts for economic growth and interest rates, known as the "dot-plot". The probability of four total rate hikes this year, rather than the three currently forecast by the Fed, have strengthened recently amid signs of rising inflation and strong economic growth.
ZTE plunges in Hong KongAFP/Shares of ZTE sank Wednesday. Asian shares moved broadly lower Wednesday, ahead of key decisions from central banks in the U.S. and Europe that are expected to further unwind stimulative policies that fueled an economic rebound over the past decade. Japan’s Nikkei 225 (^N225) was the largest regional index finish higher, rising 0.4%.
TOKYO (AP) — Global stocks rose Wednesday as investors awaited an expected interest rate increase from the Federal Reserve and looked for hints of further hikes this year.
“Beating plastic pollution” was the theme of World Environment Day on June 5, but Thailand is falling behind Asian and European countries in the fight against plastic waste. The issue has been brought into focus after a dead whale was found last month to have swallowed 80 plastic bags. The whale, found in Songkhla province, served as a reminder of Thailand’s problem with plastic, and the abject failures of the government and retail industry to bring the nation’s environmental consciousness in line with the rest of the world’s.
Investing.com – Most Asian markets eased in afternoon trade on Wednesday after the conclusion of a historic U.S.-North Korea summit, as investors shift their focus to the upcoming Federal Reserve policy decision that may offer some clues on future rate hikes.
Investors largely shrugged off a landmark summit between President Donald Trump and North Korean leader Kim Jong Un Tuesday, but fevered after-hours trading commenced in U.S. stocks following a federal judge’s ruling that AT&T Inc. can proceed with its planned acquisition of Time Warner Inc. Just after the Dow Jones Industrial Average closed down 1.58 points, or less than 0.1%, at 25320.73, U.S. District Judge Richard Leon announced his decision, rejecting the Justice Department’s allegations that the deal would suppress competition in the pay-TV industry.