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NEW YORK, United States (AFP) — World stock markets came under pressure Thursday as a summit between Donald Trump and Kim Jong Un ended abruptly without an agreement. Asian equities had been fluctuating throughout the day on tempered optimism over China-US trade talks, weak factory data from Beijing and fresh geopolitical tensions in Kashmir. But they took a decisive turn south after an expected lunch and signing ceremony between the United States and North Korean […]
NEW YORK, United States (AFP) — Global stocks mostly fell Wednesday amid uncertainty over trade and an escalating Indian-Pakistan conflict as the British pound rallied for a second session. An Asian market rally ran out of steam after Pakistan said it had shot down two Indian jets in its airspace in Kashmir, fueling concerns of conflict between the nuclear-armed rivals. While both sides have sought to play down the threat of war, the rare aerial […]
NEW YORK, United States (AFP) — Global stocks were mixed Thursday following lackluster economic data as high-stakes trade talks between the US and China resumed in Washington. Frankfurt was a touch higher at the close and Paris ended flat, while London lost nearly one percent, and US stocks fell. Fresh economic data showed manufacturing in the eurozone and Japan shrank in February, which was seen as evidence of global economic sluggishness amid the US-China trade […]
by John BIERS Agence France Presse NEW YORK, United States (AFP) — Global stocks fell Tuesday amid revived worries over US-China trade relations and a sense the January rally is fading. Wall Street indices, which have been on a nearly unbroken ride higher the last four weeks, following December’s rout, fell more than one percent. Earlier, European and Asian shares also pulled back due in part also to profit taking and economic worries after the […]
NEW YORK, United States (AFP) — Global stocks rallied Monday, shaking off recent weakness ahead of a meeting between the presidents of the United States and China that investors hope will produce a breakthrough. Markets were also hopeful as oil prices stabilized, Britain sealed a Brexit deal with the EU and Italy signaled a more conciliatory stance in a budget fight with Brussels. “The main driver is that we were oversold for a short period […]
NEW YORK, United States (AFP) — World stocks were mixed to start the week on Monday, as investor enthusiasm in Asia failed to spread to Europe and Wall Street, where geopolitical worries weighed on indices. In Europe, stocks gave up early gains following a defiant reply to EU critics by Rome, which intends to stick to a controversial spending budget. The dollar rose against major rivals, while oil prices edged lower, as investors also tracked […]
by John BIERS Agence France Presse NEW YORK, United States (AFP) — Global stocks mostly fell Thursday on a panoply of worries as varied as higher US interest rates, the diplomatic fallout from the disappearance of a Saudi journalist and rising unease about the eurozone due to Italy’s controversial budget plans. “There are so many things the market is dealing with right now,” said Tom Cahill of Ventura Wealth Management. “People are on edge and […]
NEW YORK, United States (AFP) — Global stocks were mixed Monday as markets sought to pivot from last week’s volatility and oil prices rose amid questions over Saudi Arabia’s role in the disappearance of journalist Jamal Khashoggi. US equities had a choppy session as analysts debated whether the market was ready to turn the page after leading indices dropped the most since March. The S&P 500 ended down 0.6 percent. “US stocks oscillated around the […]
NEW YORK, United States (AFP) — Global stocks finished mixed Tuesday following a meandering session amid lingering worries over higher interest rates as the IMF cut its global growth forecast. Investors have been nervous since the yield on 10-year US Treasury bonds surged above 3.0 percent. The advance followed a stream of strong US economic data that was seen as boosting the likelihood that the Federal Reserve will persist in raising interest rates. Yields continued […]
by Heather SCOTT Agence France Presse WASHINGTON, United States (AFP) — An upswing in economic risks due to rising trade tensions and debt levels has prompted the International Monetary Fund to cut its forecast for world growth for this year and next. With trade growth set to slow sharply amid a trade war between the United States and China, the IMF cut its outlook for global GDP by two-tenths to 3.7 percent for 2018 and […]
NEW YORK, United States (AFP) — Most of the world’s stock markets pushed higher and the dollar rose Thursday as investors embraced the Fed’s view that the US economy is growing solidly but not at imminent risk of overheating. An exception was Milan, which faltered on worries about its fiscal profile, and Tesla Motors, which dived in after-hours trading on news US securities regulators have charged chief executive Elon Musk for fraud connected to an […]
NEW YORK, United States (AFP) — Global equities pushed higher on Tuesday, with leading US indices ending at fresh records as investors shrugged off continued political uncertainty in Germany. Germany’s president held talks with party leaders in a last-ditch attempt to save the EU’s top economy from the political turmoil sparked by the collapse of Chancellor Angela Merkel’s coalition talks. But equity markets were unperturbed by the uncertainty, pushing higher across Asia, Europe and the […]
