Global financial market declined on Friday as escalating tensions linked to the Iran war pushed oil prices above $100 per barrel, raising concerns about inflation and future interest rate decisions. All three major US stock indexes ended the day and the week in negative territory. The Dow Jones Industrial Average slipped 0.25%, while the S&P […]
US Stocks
Wall Street rebounds as inflation data and Micron lift market
NEW YORK – U.S. stock market closed higher on Thursday after an encouraging inflation report eased investor concerns and raised hopes that the Federal Reserve may continue cutting interest rates next year. Strong earnings from Micron Technology also helped stabilise artificial intelligence (AI) stocks after recent declines. Read More: AI chip demand to drive up […]
Trump’s tariff pause sparks massive gains in US stock market
US stocks experienced a remarkable surge on Wednesday after President Donald Trump announced a 90-day pause on some tariffs. This unexpected move sent markets into a historic rally, offering investors hope amid ongoing trade tensions. The announcement included a temporary halt to most tariffs, excluding those imposed on China. Consequently, major US indices climbed sharply, […]
Asian stock markets suffer further as US inflation data looms
HONG KONG: Fears about surging inflation continued to trouble Asian markets Wednesday, with investors nervously awaiting crucial US price data later in the day that could ramp up expectations the Federal Reserve will have to taper its monetary policy earlier than flagged. Global equities have had a torrid start to the week as traders bet […]