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HONG KONG, China (AFP) — Asian markets tumbled on Tuesday as global trade uncertainty returned to the fore after the United States reimposed tariffs on Argentina and Brazil, threatened steep levies against France and warned China of new measures if ongoing talks are not successful. Optimism that Beijing and Washington will eventually hammer out a partial agreement as part of a wider deal has provided support to equities for weeks, helping Wall Street to numerous […]
NEW YORK, United States (AFP) — Wall Street stocks paused Tuesday in record range on rising hopes over US-China trade talks as US services sector data topped expectations. The Dow mustered a narrow record for a second day in a row, while the S&P 500 fell slightly and the Nasdaq was flat. Hopes that the United States and China will soon seal “phase one” of a trade agreement got another push Tuesday following a Wall […]
TOKYO, Japan (AFP) — Tokyo’s benchmark Nikkei index closed at a fresh 13-month high on Wednesday on optimism over US-China trade talks. The Nikkei 225 index, which logged its best finish in nearly 13 months on Tuesday, added 0.22 percent, or 51.83 points, to end at 23,303.82. The broader Topix index was flat, edging up 0.02 percent, or 0.29 points, at 1,694.45. Wall Street stocks held firm in record range on Tuesday thanks to rising […]
NEW YORK, United States (AFP) — Global stocks rallied Friday as US-China trade negotiations yielded a partial deal, while the British pound surged for a second straight session on signs that London and Brussels could still avert a no-deal Brexit. The US-China agreement, announced in the closing minutes of Friday’s Wall Street session, halts new US tariffs that were scheduled to go into effect next week and includes a Chinese promise to ramp up purchases […]
LONDON, United Kingdom (AFP) — Oil prices fell Tuesday but held most of the previous day’s record gains that were fuelled by an attack on Saudi facilities that wiped out half the country’s crude output. Traders were nervously awaiting further US response after it said Iran was likely to blame. The crisis revived fears of a conflict in the tinderbox Gulf region and raised questions about the security of crude fields in the world’s […]
HONG KONG, China (AFP) — Hong Kong started on the back foot Tuesday as investors fretted over geopolitical tensions following the weekend strike on Saudi oil fields that fuelled concerns of a conflict in the Gulf. The Hang Seng Index dropped 0.67 percent, or 181.59 points, to 26,942.96. The benchmark Shanghai Composite Index lost 0.23 percent, or 7.04 points, to 3,023.71 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, was […]
by Jürgen HECKER Agence France-Presse NW YORK, United States (AFP) — Global stock markets rallied on Tuesday and oil prices surged in a wave of relief after US President Donald Trump delayed tariffs on key consumer items from China, giving investors hope for some detente in the US-China trade war. The announcement caused a dramatic turnaround in equity markets, which had retreated earlier under the combined impact of tensions in Hong Kong, economic crisis in […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday, following rises on Wall Street, as concerns over the US-China trade row eased after President Donald Trump delayed tariffs on key Chinese goods. The benchmark Nikkei 225 index climbed 0.98 percent or 200.21 points to 20,655.65 in early trade while the broader Topix index was up 0.90 percent or 13.36 points at 1,499.93. “Japanese shares will be bought following the gains in US shares prompted […]
TOKYO, Japan (AFP) — Tokyo stocks closed lower on Thursday as investors worried about mounting tensions in the US-China trade row and a political flare-up between Rome and Brussels. The benchmark Nikkei 225 index fell 0.29 percent, or 60.84 points, to 20,942.53 while the broader Topix index was also down 0.29 percent, or 4.43 points, at 1,531.98. Tokyo shares opened lower following a negative lead from Wall Street on growing concern about the trade spat. […]
LONDON, United Kingdom (AFP) — Brent North Sea crude hit a near six-month high above $75 per barrel Thursday on supply concerns that have been worsened by the United States tightening the screw on sanctions-hit Iran. Stock markets meanwhile mostly dropped, with traders across Europe digesting mixed company earnings updates and news of the collapse of two mega-mergers in the supermarket and banking industries. “Brent crude oil has rallied above $75 a barrel for the […]
by Jürgen HECKER Agence France-Presse NEW YORK, United States (AFP) — Stock markets on both sides of the Atlantic pushed higher on Friday following strong earnings from JPMorgan Chase and the launch of a new Disney streaming service that wowed Wall Street. Wrong-footing financial sector watchers who had warned of a “not that great” earnings season for banks, JP Morgan reported higher first-quarter profits on Friday, pointing to a still-solid US economy reflected in more […]
by Roland JACKSON Agence France Presse LONDON, United Kingdom (AFP) — Stock markets slid Monday, with Asia taking the heaviest hit, as investors took flight on mounting fears of a sharp global economic slowdown. Investors shrugged off news that an investigation found no evidence of collusion between US President Donald Trump’s election campaign and Russia. On currency markets, the British pound faced fresh selling pressure with Prime Minister Theresa May’s political future hanging in […]
