|Day's range||22,167.16 - 22,581.40|
|52-week range||19,239.52 - 24,129.34|
Asian and European stocks rose on Wednesday as investors rallied around signs that the global economy was on track, amid heated exchanges between the world's two largest economies over trade. KEEPING SCORE: ...
Asian markets struggled to recover Wednesday from the previous day’s losses, with indexes around the region mixed in early trading.
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.
Rising threats of retaliatory tariffs sent global markets sprawling Tuesday. Boeing and American Express posted the Dow's heaviest early losses. China-based stocks were worst hit across much of the market.
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 ...
The global financial markets responded to tariffs on $200bn worth of China imports into the U.S and China’s promise to respond, both sides seemingly unwilling to back down. If Trump wanted a weak Dollar, a trade war is not the way.
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.
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.
Is the trade war on? Following China’s response to the U.S tariffs on China exports to the U.S, it could get ugly, with Trump’s first tweet of the week likely to have a material bearing of risk sentiment through the week.
Asian stock futures indicate a mixed start to the week after U.S. shares fell on Friday with China and the U.S. exchanging trade threats. Oil fell, while Asian currencies were slightly weaker against the dollar as Treasury yields retreated toward 2.90 percent. Futures were modestly lower in Japan and South Korea and flat in Australia.
The S&P 500 slipped following stock declines in Europe and Asia amid concern over the escalating protectionist standoff between China and the U.S. Oil gained before a key OPEC meeting this week. U.S. equity gauges came off their lows of the day as energy shares advanced along with software makers. The Stoxx Europe 600 Index posted its biggest two-day drop since March and Japan’s Topix Index fell the most in almost three weeks.
In Singapore, waiting for a bus has gone high tech. In March, a new bus stop was put up along Singapore’s trendy Orchard Road shopping district. For ST Engineering, the bus stop is a test bed for its new technologies in the areas on which it focuses — transportation, security and energy.
It’s another jam packed week ahead, with trade wars, OPEC, the Bank of England’s monetary policy decision and a number of central bankers slated to talk through the week. Things could get ugly if the U.S responds…
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.
Earnings news drove Adobe and Canada Goose, while trade-sensitive stocks dived Friday on the latest skirmish in the U.S. and China trade war.
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.