|Day's Range||22,601.13 - 22,806.89|
|52 Week Range||19,239.52 - 24,129.34|
Global stocks slid on Monday and U.S. oil prices slumped after U.S. President Donald Trump announced tariffs on Chinese goods and Beijing responded with similar measures in an escalating trade dispute. Fears the spat between the world's two largest economies could intensify added to pressure on oil prices, which extended Friday's big fall into the start of week, while the dollar retreated from near 3-week highs against the safe-haven yen. Trump announced tariffs on Friday on $50 billion of Chinese imports, including cars, starting on July 6.
Asian stocks started weaker Monday as investors there finally got to react to official trade action by the U.S. and China on Friday.
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.
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…
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.
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.
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 ...
The markets were mixed through the early part of the day, the introduction of tariffs having a mixed impact on the markets, with the Yen finding little support ahead of what will likely be a noisy day ahead for the Oval Office.
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 markets closed mixed on Friday as investors awaited developments on the trade front ahead of the expected unveiling of U.S. tariffs targeting China.
Mylan and Oracle dragged on early trade, but positive news out of Europe sent futures higher, and IPOs Etsy, Huya and Pivotal were poised to nail news highs.
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.
It’s a busy time for the markets, with focus shifting to today’s inflation figures out of the UK and the ECB Press Conference later today, positioning coming in the wake of FED rate hike on Wednesday.
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 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. Treasury yields jumped and Wall Street reversed earlier gains to close lower on Wednesday, after the Federal Reserve raised interest rates and signaled 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%.