|Day's range||22,366.60 - 22,644.69|
|52-week range||19,239.52 - 24,129.34|
NEW YORK (AP) — U.S. stocks are skidding Thursday after President Donald Trump said he is canceling a planned meeting with North Korean leader Kim Jong Un. Energy companies are falling along with oil prices as investors respond to reports the nations of OPEC may start producing more oil. Car companies including Fiat Chrysler and Toyota are falling as the Trump administration considered tariffs on imported cars and car parts, a move the governments of China, Japan and the European Union condemned.
U.S. stocks extend opening losses on Thursday, after President Donald Trump cancels a June summit with North Korea, citing “open hostility” from the isolated nation.
Global Markets Are Impacted by US Auto Tariff Threats on May 24Economic calendar 7:30 AM EST: ECB’s policy meeting summary 8:30 AM EST: US initial jobless claims 10:00 AM EST: US existing home sales (April) 10:30 AM EST: FOMC member Bostic speaks 1:00 PM EST: Bank of England governor Carney speaks 2:00 PM EST: FOMC member Harker speaks 7:30 PM EST: Japan’s Tokyo core consumer price index (May)
BANGKOK (AP) — World stock markets were subdued Thursday as carmakers' shares fell after the Trump administration said it was investigating imposing new tariffs on imports of autos and auto parts.
Toyota, Honda, Kia among big losers as U.S. weighs 25% tariff on auto importsAFP/Hyundai vehicles are parked for shipping at the port of Ulsan, South Korea. Asian stock markets were mixed Thursday, as dovish news from the U.S. Federal Reserve was overshadowed by growing trade concerns, particularly after reports that the Trump administration was weighing new tariffs of up to 25% on auto imports. Automakers led the losses, with Toyota Motor Corp. (7203.T) , Honda Motor Co. (7267.T) and Nissan Motor Co. (7201.T) all down around 3%.
Investing.com – Asian equities were mostly lower in afternoon trade on Thursday amid renewed China-U.S. tension, while automakers underperformed after U.S. President Trump ordered the Commerce Department to consider a probe into automobile imports, which could lead to potential fresh tariffs on foreign vehicles.
Investing.com – Asian equities were mostly lower in morning trade on Thursday amid renewed China-U.S. tension, as U.S. President Donald Trump hinted he has second thought about the trade deal he agreed with Beijing over the weekend.
The FOMC minutes may have eased demand for the Dollar, but with UK retail sales figures, Carney and the ECB’s monetary policy minutes in focus today, it could all swing back in the Dollar’s favor.
Asian stocks look set for a mixed start as traders appraise Federal Reserve comments on inflation and interest rates, amid lingering emerging-market risks and concerns about euro-zone growth. The dollar ...
U.S. stocks fell after President Donald Trump called off his June planned summit with North Korean leader Kim Jong-Un because of the “tremendous anger and open hostility” in recent statements from Pyongyang. ...
Investors who thought concerns about trade, particularly U.S.-China tensions, were fading into the background got a wake-up call after President Donald Trump expressed unhappiness with the state of negotiations Tuesday afternoon, while also casting doubt on whether a planned summit with North Korea leader Kim Jong Un will happen. Also, Trump is weighing trade measures that would cut European Union steel and aluminum exports to the U.S. by about 10%, a sign the bloc’s efforts to secure tariff exemptions aren’t satisfying the White House.
Global Markets: Increased Caution, Trump Brings UncertaintyEconomic calendar 9:45 AM EST: US manufacturing PMI (purchasing managers’ index) (May) 9:45 AM EST: US Markit composite PMI 9:45 AM EST: US services PMI (May) 10:00 AM EST: US new home sales (April) 10:30 AM EST: US crude oil inventories 2:00 PM EST: US FOMC meeting minutes 2:15 PM EST: FOMC member Kashkari speaks China
Japan’s Nikkei slumped more than 1% in early trading Wednesday, as Asian stock markets pulled back following new uncertainty about trade tensions between the U.S. and China and the possibility that the ...
U.S. stock futures fell on Wednesday as geopolitical and trade concerns continued to nag at investors, taking the wind out of a rally seen at the start of the week. Earnings from Target Corp. and then later the release of minutes from the latest Federal Open Market Committee meeting are among the highlights of the session ahead. On Wednesday, the Dow Jones Industrial Average (^DJI)dropped 178.88 points, or 0.7%, to reach 24,834.41.
It’s a busy day in the markets, with geo-political risk gripping ahead of a busy economic calendar, Eurozone and U.S PMI numbers, UK Inflation figures and the FOMC monetary policy meeting minutes all due out today.
Growth in Japan’s manufacturing sector slowed in May to its weakest level since August 2017 amid a spike in input prices and as new orders dragged, according to an industry gauge. IHS Markit economist Joe Hayes said “supply-side constraints may be impacting output potential, as material shortages contributed to the greatest lengthening of delivery times in seven years.
Japanese shares led most Asian stocks lower and the yen appreciated as investors eyed risks from Turkey to North Korea.
U.S. stocks clawed back early losses to trade higher after minutes from the most recent Federal Reserve meeting showed central bankers in no hurry to accelerate the pace of rate hikes even as the economy continues to improve. All major equity benchmarks rose despite escalating geopolitical fears following President Donald Trump’s decision to back away from a recently announced trade agreement with China. Tiffany & Co. surged as sales blew away estimates, while Target Corp. tumbled after its profit missed forecasts.
Stocks jumped at Tuesday's starting bell as automakers and chipmakers notched early gains, and retail names posted mixed moves on earnings news.
Global Markets Are Mixed on May 22, Commodities Move HigherEconomic calendar 6:00 AM EST: UK CBI industrial trends orders (May) 10:00 AM EST: US Richmond Manufacturing Index (May) 10:00 AM EST: US Richmond Services Index (May) 4:30 PM EST: US API weekly crude oil stock 8:30 PM EST: Japan’s manufacturing purchasing managers’ index (May)
Siam Commercial Bank sent shockwaves through Thailand’s banking industry in March when it said it would scrap nearly all fees for money transfers and bill payments conducted on its mobile banking app. Less than two hours after the announcement, Krung Thai Bank, another major Thai lender, sent out a hastily prepared press release detailing similar cuts. By the end of the day, the remaining two of the big four banks — Bangkok Bank and Kasikornbank — had also followed suit.
A quiet day on the economic data front leaves the markets to consider what lies ahead, while BoE Governor Carney could catch the markets napping this morning should he deliver a surprise on the policy front.
Asian markets largely fell in early trading Tuesday, despite gains on Wall Street and signs of easing trade tensions between the U.S. and China.
U.S. stocks erased early gains and turned lower Tuesday as optimism over improving trade relations with China gave way to renewed concerns about geopolitical tensions with North Korea. “What we saw when the meeting was originally scheduled was that the market reacted favorably to that, so I think that any cancellation could cause a little bit of a pullback,” said Adam Phillips, director of portfolio strategy at EP Wealth Advisors. Earlier, stocks rallied following China’s announcement that it will cut the import duty on passenger cars to 15 percent, signaling a further easing of trade tensions with the U.S. The Stoxx Europe 600 Index climbed, and emerging-market shares advanced, ending a three-day losing streak.