Articles in this Cluster
15-05-2025
Stock futures fell on Thursday morning after a third straight day of gains for the S&P 500, driven by optimism over a temporary suspension of US-China tariffs. S&P 500 futures were down 0.27%, Nasdaq-100 futures dropped 0.22%, and Dow Jones Industrial Average futures fell 185 points. The positive sentiment follows talks between Treasury Secretary Scott Bessent and Chinese officials, as well as a slower-than-expected consumer inflation reading. Investors are now awaiting the release of the producer price index, retail sales, and industrial production numbers, as well as earnings from Walmart. In after-hours trading, Foot Locker surged over 60% on a reported $2.3 billion acquisition deal by Dick's Sporting Goods, while UnitedHealth slid 8% amid reports of a Justice Department probe.
15-05-2025
Asia-Pacific markets mostly fell on Thursday as investors assessed US-China trade developments, despite a temporary suspension of their tit-for-tat tariff dispute earlier in the week. Japan's Nikkei 225 fell 0.90%, Hong Kong's Hang Seng index dropped 0.42%, and mainland China's CSI 300 lost 0.6%. Australia's S&P/ASX 200 was an exception, adding 0.21%. US stock futures slipped in overnight trading, while the S&P 500 rose modestly to close at 5,892.58 for its third straight gain. Analysts warned that a second wave of volatility could be driven by fiscal policy uncertainty and weakening US data.
15-05-2025
U.S. markets were mixed on Wednesday, with the S&P 500 and Nasdaq Composite rising, while the Dow Jones Industrial Average fell. Nvidia's shares climbed 4% after announcing a deal to sell AI chips to Saudi Arabia, putting the stock back in positive territory for the year. Boeing and Qatar Airways also announced a major deal for up to 210 jets. Meanwhile, Klarna CEO revealed the company has cut its workforce by 40% due to AI investments, and Steve Cohen warned that stocks could retest April lows.
15-05-2025
Asian markets mostly fell overnight, with Japan's Nikkei 225 down 0.90% and South Korea's Kospi declining 0.29%. US futures also slipped, with S&P 500 futures down 0.2% ahead of the release of producer price index data, retail sales, and industrial production numbers. European markets are expected to open flat to lower, with futures pointing to declines in Germany's DAX, France's CAC 40, and Italy's FTSE MIB, while the FTSE 100 is expected to open slightly higher.
15-05-2025
Japan is concerned that a recent US-UK trade deal could negatively impact its own tariff talks with the US, particularly with a crucial election approaching. The US-UK deal retains a 10% baseline tariff on UK imports, whereas Japan is seeking zero tariffs on its exports to the US. Japan's Prime Minister Shigeru Ishiba has emphasized the need to eliminate tariffs in trade talks with Washington, with the current 25% levy on Japanese automobile exports being a major point of contention.
15-05-2025
US lawmakers are considering restructuring the State Department to better align economic and foreign policy goals, as major economies move to form new alliances in response to the US's withdrawal from global trading rules. Witnesses at a House subcommittee hearing warned that previously unlikely economic partnerships are now moving forward, such as a free-trade pact between India and Britain, and the EU's potential entry into the CPTPP, amid the ongoing US-China trade war and tariff uncertainty.
