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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 […]
NEW YORK, United States (AFP) — European and US stock markets leapt on Friday as positive signs emerged from US-China trade talks aimed at averting an escalation of a tariff war between the world’s top two economies. US President Donald Trump said the negotiations in Beijing were going “extremely well” and his Chinese counterpart Xi Jinping announced the talks would continue in Washington next week. Trump also said there was a “possibility” he would extend […]
NEW YORK, United States (AFP) — Global stocks mostly rose Monday as US and Chinese officials in Beijing geared up for crunch trade talks while the dollar gained on the euro for the sixth straight session. European and Asian bourses pushed higher at the start of trade talks in Beijing before a March 1 deadline that could lead to additional US tariffs if a deal is not reached. Deputy US Trade Representative Jeffrey Gerrish led […]
HONG KONG, China (AFP) — Shares in Tokyo and Sydney rose Wednesday in another holiday-thinned trading day as investors tracked a positive lead from Wall Street and await Donald Trump’s State of the Union address. With most of the region off for the Lunar New Year break there were few catalysts to drive business, though Japanese investors are also looking forward to the release of Toyota’s earnings after the market close. Trump’s annual address will […]
HONG KONG, China (AFP) — Asian markets rose Monday as investors were cheered by a blockbuster US jobs report last week, while trade was thin owing to the three-day Lunar New Year break. Expectations that the Federal Reserve will take its foot off the gas in raising interest rates and optimism that China and the United States will eventually hammer out a deal to resolve their long-running trade war were also providing support. With most […]
HONG KONG, China (AFP) — Asian markets fell Tuesday as the charging of Chinese giant Huawei in the US cast a shadow over upcoming trade talks, while investors were also tracking a Wall Street sell-off fuelled by concerns corporate profits. A busy week across the globe got off to a nervous start Monday after industrial giant Caterpillar and chip company Nvidia projected worse-than-expected results for 2019, citing ongoing weakness in China. The announcements from two […]
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 […]
HONG KONG, China (AFP) — Asian investors moved with caution in Friday trade after days of volatility on global financial markets failed to boost confidence. In Tokyo, stocks were trading 0.5 percent lower by the break despite a late rally in New York, as investors cashed in after the previous day’s strong rises. With the trading year winding down, the Nikkei index is heading for its first closure with an annual loss in seven years. […]
HONG KONG, China (AFP) — Asian stocks fell in early trade Monday despite a weekend call by Treasury Secretary Steven Mnuchin to top US banking executives aimed at stemming market panic which saw Wall Street experience its worst week in a decade. The Dow and the Nasdaq ended Friday with their biggest weekly drop since the start of the global financial crisis as investors took fright over a government shutdown in Washington, President Donald Trump’s […]
HONG KONG, China (AFP) — Fresh political turbulence in Washington and renewed fears over US-China relations pushed Asian markets lower Friday, as a global slump sparked by unease over Fed policy showed no signs of easing. The resignation of US Defense Secretary Jim Mattis — seen as a moderating force on an often impulsive president — and the looming threat of a federal government shutdown alarmed investors as concern grows over weakening global growth. US […]
SAN FRANCISCO, United States (AFP) — Popular online bulletin board Pinterest is getting ready for a stock market debut early next year at a valuation of $12 billion or more, according to a Wall Street Journal report. The San Francisco-based startup could have an initial public offering of shares as soon as April, according to Journal, which did not name sources for the information. Pinterest is a virtual bulletin board platform, with users decorating their […]
