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HONG KONG, China (AFP) — Asian markets mostly rose on Monday over murmurs that the US Federal Reserve may loosen its monetary tightening but stocks in Hong Kong and China fell after Beijing announced its lowest economic growth target in decades. Traders in Tokyo appeared bullish about positive news flowing in from the United States where Wall Street had rallied on Friday. An end-of-week slide in Treasury bond yields fortified beliefs that the Federal Reserve […]
NEW YORK, United States (AFP) — Oil prices tumbled Monday following surprisingly weak China manufacturing data, while global stocks were mixed ahead of key jobs data, earnings and central bank announcements. China’s closely-watched Purchasing Managers’ Index of manufacturing activity shrank in July as the result of weak demand and the strict zero-Covid measures imposed in parts of the country. The index, a key gauge of manufacturing activity in the world’s second-biggest economy, came in at […]
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 […]
NEW YORK, United States (AFP) — Global stock markets retreated Friday, extending the previous session’s losses, as uncertainty over US President Donald Trump’s much-vaunted tax cuts and lackluster corporate earnings took their toll on investor confidence. At the close of the trading day in New York, the Dow Jones Industrial Average snapped an eight-week winning streak, closing 0.2 percent lower, while the broad S&P 500 and tech-dominated Nasdaq were essentially flat. Senate Republicans on Thursday released a […]
