Asian stocks ended lower on Friday, paring gains from the previous session sparked by US President Donald Trump’s 90-day tariff pause. While mainland Chinese and Hong Kong shares rose on expectations of policy support, most other regional markets declined, weighed down by renewed concerns over trade tensions and a stronger yen. China, Hong Kong stocks […]
BP’s shares fell in early trading Thursday after the energy group announced it expects weak first-quarter gas marketing and trading earnings and a rise in net debt. The release provides an initial look into BP’s quarterly results amidst increased scrutiny of its debt and expenditures, following activist investor Elliott Management’s recent acquisition of a stake […]
Chinese e-commerce companies are stepping up to help the country’s exporters tap the domestic market as the US-China trade war intensifies with both countries levying dizzyingly high tariffs against each other’s imports. China’s e-commerce heavyweight JD.com announced on Friday it will set up a 200 billion yuan ($27.35 billion) fund to help domestic exporters pivot […]
US stocks slipped early on Friday as investors continued to react to the shifting landscape of global trade policy, capping one of the most volatile weeks for Wall Street in recent memory. The Dow Jones Industrial Average dropped 241 points, or 0.6%. The S&P 500 declined 0.4%, and the Nasdaq Composite eased 0.2%. The losses […]
Nvidia shares rose Friday, recovering some ground after a sharp selloff in the previous session, as market volatility around tariffs remained the primary catalyst for the chipmaker’s stock. Shares gained 2.5% to trade at $110.26 on Friday, after falling 5.9% on Thursday. Broader markets, on the other hand, declined in early trade, with the Dow […]
Tesla shares extended their losses on Friday, falling about 4% to trade around $242. The decline followed a 7.3% drop on Thursday, when the stock closed at $252.40. Tesla is now down over 35% year-to-date, marking the steepest decline among major technology firms. The broader market also opened lower on Friday, with the Dow Jones […]
Consumer confidence in the United States has slumped to its weakest level in over ten years, undercut by escalating trade tensions and growing fears of inflation and job losses. The latest survey from the University of Michigan, released Friday, revealed that its closely watched consumer sentiment index dropped to 50.8 in April from 57 the […]
European markets closed out a turbulent week with modest losses on Friday, as the intensifying tariff standoff between the United States and China continued to rattle global investor sentiment. The pan-European Stoxx 600 index slipped 0.1%, retracing slightly after logging its strongest session since March 2022 on Thursday. The UK’s FTSE 100 rose 0.64% after […]
European stock markets opened with modest gains in early trade on Friday, as a turbulent week for shares neared its end. While positive momentum was present, underlying concerns about an escalating trade war between the US and China persisted, capping overall enthusiasm. The pan-European Stoxx 600 index opened up 0.4%, with the UK’s FTSE 100 […]
Indian equity markets are expected to open on a strong note on Friday, with GIFT Nifty futures trading 467 points higher at 22,954, pointing towards a significant gap-up opening for benchmark indices. However, traders should brace for potential volatility as global sentiment remains fragile amid escalating US-China trade tensions and mixed signals from global markets. […]