Articles in this Cluster
30-06-2025
The S&P 500 hit a new high on Friday, closing at 6,173.07, as China confirmed details of its trade deal with the US, boosting market sentiment. However, the gains were slightly tempered when President Donald Trump announced that trade talks with Canada were "terminated" over its digital services tax. The US consumer price index rose 0.2% in May, with annual inflation at 2.7%, both slightly higher than expected. Investors are now looking ahead to the June nonfarm payrolls report, due out on Thursday, to gauge the continuation of the US market rally.
30-06-2025
Asia-Pacific markets were mixed on Monday as investors reacted to various data points and trade negotiations. China's manufacturing activity contracted for the third consecutive month, fueling hopes for more stimulus. China's CSI 300 index rose 0.39%, while Hong Kong's Hang Seng Index fell 0.29%. Japan's Nikkei 225 climbed 0.84% to 40,487.39, and South Korea's Kospi index rose 0.52% to 3,071.70. Australia's S&P/ASX 200 increased 0.33% to 8,542.30, while India's Nifty 50 and BSE Sensex declined. U.S. equity futures rose ahead of the U.S. trading session, following a sharp recovery in Wall Street's key benchmarks on Friday.
30-06-2025
China's manufacturing activity contracted for the third consecutive month in June, with the official purchasing managers' index (PMI) rising slightly to 49.7 from 49.5 in May but remaining below the 50 benchmark that separates expansion from contraction. The non-manufacturing PMI, which includes services and construction, rose to 50.5 from 50.3 in May. Despite some stabilization in industrial activity and demand, inventory and employment levels at factories continued to decline. The country's economy is grappling with deflation, with consumer prices falling 0.1% in May from a year earlier, and industrial firms' profits plunging 9.1% in May. Economists remain cautious about the outlook, citing weaker export growth and a fading fiscal tailwind, but expect additional fiscal stimulus to boost domestic demand.
30-06-2025
The S&P 500 closed at a record high on Friday, driven by gains in Nvidia and Microsoft, as well as optimism surrounding a trade deal with China. However, the index's advance was tempered by volatility sparked by comments from US President Donald Trump, who slammed the door on trade talks with Canada over its digital services tax, causing the index to pare some of its gains. Canada subsequently rescinded the tax, but the episode highlighted Trump's ongoing influence over markets. Investors are now looking ahead to the June nonfarm payrolls report, due out on Thursday, which could determine the direction of the rally in US markets.
30-06-2025
European markets are expected to open higher on Monday, with the FTSE 100 likely to open unchanged, while the DAX and CAC 40 are up 0.3% and Germany's FTSE MIB is up 0.2%. The positive sentiment follows a similar trend in Asia-Pacific markets. The British pound rose 0.1% against the US dollar as the UK-US trade deal comes into effect, with reduced tariffs on British car exports and aerospace goods. Investors will be watching inflation data from Italy and Germany, as well as German retail sales, for signs of inflationary pressures.
