|Day's range||22,167.16 - 22,581.40|
|52-week range||19,239.52 - 24,129.34|
NEW YORK (AP) — U.S. stocks are slightly higher Wednesday as global markets let go of some of their fears about the growing trade dispute between the U.S. and China. Technology companies are making some of the largest gains. Twenty-First Century Fox is jumping after it agreed to a new deal with Disney, which will buy Fox's entertainment businesses for more than $70 billion. Media companies are rallying as investors hope for more deals. Walgreens rose after it was added to the Dow Jones industrial average, where it will replace General Electric next week.
World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent sharp falls as expectations grew that policy stimulus by Beijing could temper some of the impact from an escalating Sino-U.S. trade conflict. The dollar too eased off 11-month highs against a currency basket, Wall Street looked set for a stronger opening and MSCI's all-country equity index snapped a five-day run of losses, rising 0.3 percent. Its rebound was fuelled by a bounce of almost 1 percent in MSCI's non-Japan Asian shares off 6-1/2-month lows, following gains in Hong Kong, Seoul and mainland Chinese indexes.
SINGAPORE (AP) — Stock markets rose Wednesday as investors rallied around signs that the global economy was on track despite heated exchanges between the world's two largest economies over trade.
Asian markets struggled to recover Wednesday from the previous day’s losses, with indexes around the region mixed in early trading.
Greater China markets recovered slightly after slumping in the last session. Markets worldwide fell on Tuesday after U.S. President Donald Trump threatened new tariffs against China. Asian stocks closed higher on Wednesday, with regional markets paring some of the sharp losses made in the previous session caused by elevated fears of a trade war between the U.S. and China .
Dow turns negative for 2018, down 0.1% year to dateReutersChina's Ministry of Commerce spokesperson Gao Feng attends a news conference in Beijing Tuesday. U.S. stocks finished in the red on Tuesday, albeit off session lows, as investors shed stocks following President Donald Trump’s late-Monday threat to slap an additional $400 billion in tariffs on China goods. The Dow Jones Industrial Average (^DJI) fell 1.2%, or 287.26 points, to close at 24,700.21, dragged down by sharp losses in trade-sensitive, industrial stocks Boeing Co.(BA), Caterpillar Inc.(CAT) and 3M Co.(MMM).
U.S. government bonds rallied Tuesday as President Donald Trump threatened to impose tariffs on some $450 billion in Chinese goods, ramping up a trade conflict between the world’s largest superpowers and sending investors rushing to assets perceived as safe. Against that backdrop, risk assets came under pressure while bond prices rose, driving yields lower. The 10-year Treasury note yield (XTUP:TMUBMUSD10Y=X) fell 3.3 basis points to 2.893%, slipping briefly below the 100-day moving average at 2.878%, their intersection has only occurred twice in the last nine months.
Global stock markets tumbled with U.S. bond yields and agricultural commodities on Tuesday, while the dollar rose and investors flocked to safety in the face of a rapidly escalating U.S.-China trade conflict. Soybeans were among the hardest hit after U.S. President Donald Trump threatened to impose a 10 percent tariff on another $200 billion of Chinese goods, a threat that China's commerce ministry described as "blackmailing," vowing to retaliate. Government bonds and the Japanese yen rallied as investors sought protection.
The Japanese yen (FXY) closed the week at 110.67—compared to the US dollar (UUP) for the week ending June 15. A hawkish FOMC statement and the Bank of Japan’s uneventful policy meeting caused the yen to depreciate. The Bank of Japan chose to leave its ultra-loose monetary policy unchanged and presented a gloomy view of the economy at its May monetary policy meeting, which led to more losses for the Japanese currency.
BEIJING (AP) — Global stock markets fell Tuesday after U.S. President Donald Trump escalated a dispute with China over technology policy by threatening a tariff hike on an additional $200 billion of Chinese goods.
With trade tensions between Washington and Beijing running high, US technology companies are eyeing Taiwan as an alternative hub for production and research, reinventing the two economies’ former PC partnership for the big data age. For this reason, the audience was eager to hear plans by Amazon and Microsoft this month at Computex Taipei, Asia’s largest technology expo. In a keynote address, Satyen Yadav, general manager for “internet of things” technology at Amazon Web Services, stressed the impact that the field will have on Taiwanese industry.
Asian exporters took a heavy hit Tuesday, with China stocks suffering their lowest close in two years, following President Donald Trump’s announcement of potentially $400 billion in additional tariffs ...
Investing.com - Asian equities extended their losses in afternoon trade on Tuesday, with China’s Shanghai Composite and the Shenzhen Component down more than 3% after U.S. President Donald Trump threatens to impose new tariffs on more Chinese goods.
Investing.com - Asian equities were mostly lower in morning trade on Tuesday after U.S. President Donald Trump said he has ordered the U.S. Trade Representative to identify $200 billion worth of China goods for additional tariffs.
China markets led losses in the region on Tuesday after U.S. President Donald Trump threatened more tariffs on Chinese products. Trump has ordered $200 billion in Chinese goods to be identified — subject to additional tariffs at a rate of 10 percent. Chinese markets led losses in Asia on Tuesday, with major markets in the region closing sharply lower after U.S. President Donald Trump fired a fresh salvo in the ongoing trade spat between the U.S. and China.
Asian stocks were poised for a mixed start to trading that sees Chinese markets reopen for the first time since trade tensions with the U.S. escalated. Oil rose before this week’s OPEC meeting and the ...
U.S. stocks fell, though major indexes traded well off session lows as a flare up in trade tensions eased to a simmer. The declines came after steep losses in Asia and Europe sparked by renewed concern the U.S. and China are headed for a full-blown trade war. Neither side escalated attacks Tuesday after President Donald Trump threatened fresh tariffs and China promised to retaliate in kind.
The Bank of Japan should accept it is making no headway in its efforts to spur 2 percent inflation and start normalizing policy, according to Tokyo University professor Tsutomu Watanabe, a former BOJ official and long-time advocate of the price goal. "The last five years have confirmed that the policy hasn’t had any effect," on prices, Watanabe said in an interview earlier this month, referring to the central bank’s aggressive easing measures aimed at stoking inflation. Watanabe’s comments come amid a recent softening of inflation that has prompted some economists to lower their price projections for the year and fueled speculation that the central bank will also have to lower its forecasts again next month.
According to Markit Economics, Japan’s service PMI rose marginally month-over-month in May, to 51 from 52.5. It missed the market expectation of 52.
The Dow Jones Industrial Average, S&P 500 and Dow Transports remain below their all-time intraday highs set in January. Overseas, the Japan’s Nikkei 225, China’s Shanghai Composite, India’s Nifty 50 and the German DAX also set their 2018 intraday highs in January with the Chinese benchmark deep in correction territory, 15.7% below its year-to-date high. Strength in Nymex crude oil has stalled but my annual value level of $63.81 held overnight.
BEIJING (AP) — Asian stocks tumbled Tuesday after U.S. President Donald Trump escalated a dispute with Beijing over technology policy by threatening a tariff hike on additional Chinese goods.
Global stocks dropped Monday on concerns over trade as the U.S. and China scheduled the start of tariffs on each other's goods, and a row over migrants threatened the German government. Markets in China ...
Japan posts larger-than-expected trade deficitBloomberg NewsStocks in Tokyo were down Monday. Asian stocks ended mostly lower Monday as investors reacted to rising tensions between the U.S. and China, two of the largest economies in the world. Japan logged its first trade deficit in three months in May on a surge in imports of aircraft and aircraft engines from the U.S., data from Japan’s finance ministry showed Monday.
Asian markets closed lower on Monday as investors digested U.S.-China trade tensions. The U.S. said it will impose tariffs on $34 billion in Chinese goods beginning July 6. China quickly announced its retaliation.