Global stocks climbed Tuesday, as the U.S. moved to rekindle stalled trade talks with China and after Congress struck a deal with the White House over spending and the federal debt ceiling. President Trump met with major technology companies at the White House on Monday to discuss restrictions on Chinese telecom giant Huawei, a move regarded as a step toward softening the U.S. stance on the blacklisted firm. In Europe, shares of semiconductor firm AMS AG and Logitech International posted some of the biggest gains, with increases of 9.1% and ...

Trading on China’s new Nasdaq-style board for homegrown tech firms hit fever pitch on Monday, with shares up as much as 520% in a wild debut that more than doubled the exchange’s combined market capitalisation and beat veteran investors’ expectations. Sixteen of the first batch of 25 companies – ranging from chip-makers to health care firms – increased their already frothy initial public offering (IPO) prices by 136% on the STAR Market, operated by the Shanghai Stock Exchange. The raucous first day of trade tripped the exchange’s circuit breakers that ...

Stocks are on one of their strongest runs in recent memory. Gains this summer have taken U.S. shares to fresh records, thanks in part to a Federal Reserve in a position to cut interest rates this month. Before the Fed’s first cut in a decade happens, investors will get a fresh read on the health of the economy. Reports on new-home sales and durable-goods orders are scheduled for Wednesday and Thursday, respectively, followed on Friday by a first reading of second-quarter economic growth. Recent data on retail sales, the labor ...

European stocks struggled higher on Monday, shrugging off dialled-down expectations for a big U.S. rate cut this month, while escalating tensions in the Middle East boosted safe-haven assets and oil prices. MSCI’s broad index of world stocks slipped 0.2%, pulling further away from the near-year-and-a-half high reached earlier in June after falls in much of Asia. Europe’s regional STOXX 600 index gained 0.1%, Germany’s DAX and France’s CAC rose 0.3% and Britain’s FTSE jumped 0.5%. Energy stocks booked the largest gains in Europe after crude oil prices jumped at least ...

When New York Fed President John Williams talked about the need to “vaccinate the economy” on Thursday, markets listened. And when the New York Fed itself spoke up later to clarify his remarks, investors were again all ears. In fact, as the U.S. central bank nears what is expected to be its first rate cut in a decade, global markets are hanging on to every clue about the upcoming decision to an unusual degree. Investors are trying to gauge whether policymakers are seriously worried about a sharp economic downturn or ...

Global stocks rose in early trade Friday as investors welcomed comments from a Federal Reserve official that seemed to strengthen the case for an interest-rate cut. Food-and-beverage and oil-and-gas companies supported the pan-continental Stoxx Europe 600 index, which rose 0.5% to reverse a two-day losing streak. In Asia, most indexes were trading higher ahead of the closing bell. Hong Kong’s Hang Seng Index rose more than 1%, buoyed by consumer-goods companies, which have been performing well since data released earlier this week showed a sharp rise in Chinese retail sales. ...

Investors are buying bonds from once-avoided European countries, spurred by expectations that ongoing easy-money policies from central banks will continue to fuel demand for debt. The yield on Italy’s 10-year government bond, which falls as bond prices rise, has dropped by more than one percentage point since the end of May, while the yield on Greek 10-year debt has fallen almost as fast. The moves have outpaced recent declines in German and U.S. government bonds, which are perceived as safer. Investors’ hunt for yield has been evident at government debt ...

Global shares slipped on Thursday on growing signs that a trade dispute between the United States and China was taking a toll on corporate earnings, with nerves spreading from Wall Street through Asia to European markets. MSCI world equity index, which tracks shares in 47 countries, fell 0.2% to its lowest in nine days, after the start of the earnings season brought bad signs. Rail freight giant CSX Corp, cut its revenue forecast as it warned of the impact of the U.S.-China trade war, pushing down Wall Street indexes on ...

Global shares slipped on Thursday on growing signs that a trade dispute between the United States and China was taking a toll on corporate earnings, with nerves spreading from Wall Street through Asia to European markets. MSCI world equity index <.MIWD00000PUS>, which tracks shares in 47 countries, fell 0.2% to their lowest in nine days, while the Euro STOXX 600 <.STOXX> slipped 0.5% to its lowest in almost three weeks. The earnings season, kicking off this week, brought bad signs as rail freight giant CSX Corp, cut its revenue forecast ...

Two years ago Nasdaq Inc and Citigroup Inc announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it “a milestone in the global financial sector.” But the companies did not move forward with the project, a person familiar with it said, because while it worked in testing, the cost to fully adopt it outweighed the benefits. Blockchain, the person added, “is a shiny mirage” and its wide-scale adoption may still “take a while.” In a joint statement, ...

Asian stocks mostly weakened on Wednesday after President Trump’s comments in a White House cabinet meeting Tuesday signaled enduring tensions with China over trade and technology. The South Korean Kospi fell the most, by 0.9%, as its own trade dispute continued with Japan. In Europe, the Stoxx Europe 600 was up by 0.1% ahead of another day of major U.S. corporate earnings reports. Bank of America, Netflix, eBay and Alcoa are due to report results later in the day. Meanwhile, Federal Reserve Chairman Jerome Powell told an audience in Paris ...

The analyst who most accurately predicted the ruble’s rally in the second quarter is now its most pessimistic forecaster. The Bank of Russia’s switch to monetary easing is the reason Jaroslaw Kosaty, a currency strategist at Poland’s largest bank, sees the currency sinking about 9% against the dollar by the end of the year. Foreign investors who piled into local OFZ bonds in anticipation of the cuts are largely done staking out their positions and the Bank of Russia says it expects the non-resident flows to fade, exposing the currency ...

Global stocks struggled to cling to recent gains on Tuesday and the dollar lingered with markets awaiting U.S. data and a slew of corporate and bank earnings for a fresh readout on the health of the world’s largest economy. European markets struggled for direction with the pan-region Stoxx 600 nudging a touch lower, reflecting key indexes in Germany and France treading water. The underlying picture was more mixed, with healthy gains in airline and healthcare stocks offsetting losses in telecoms and automotives amid uncertainty as the earnings seasons kicks off. ...

Slowing growth in China is intensifying the focus on the need for interest-rate cuts across emerging markets in the wake of last week’s dovish comments from Federal Reserve Chairman Jerome Powell. China said Monday gross domestic product rose 6.2% in the April-June period from a year earlier, the weakest pace in nearly three decades and below the 6.4% recorded in the first quarter, underscoring the fallout from the trade war. Investors will now focus on central bank meetings in Indonesia, South Africa and Ukraine, all of which are forecast to ...

Surprisingly upbeat economic soundings from China lifted the global markets mood on Monday, pushing world shares towards an 18-month high and steering the Aussie dollar and copper upwards. Investors were waiting for a torrent of second-quarter corporate earnings this week and a G7 finance chiefs meeting in France, but there was plenty to be getting on with before that. China’s second quarter annual GDP growth rate fell to a 27-year low of 6.2% as expected, but its quarterly growth reading of 1.6% was ahead of forecasts and June reports on ...