Shipping rates on the Shanghai-to-U.S. West Coast route have reportedly found a near-term floor at around $2,500 per 40-foot container, after rising to about $6,000 per month.
US markets closed mixed on Wednesday, tech shares lifted Nasdaq while S&P 500 remained flat. Fed Chair Powell reiterated wait-and-see approach. Asian markets mostly up, European markets also positive with oil prices steady.
U.S. markets closed lower on Tuesday due to geopolitical tensions, with energy & defense stocks rising. Asia markets mixed, Europe flat, oil prices dip.
Market summary: US markets closed lower on Friday due to rising Iran-Israel tensions. Most sectors declined but energy stocks rose. Asian, Eurozone, and US futures are up while oil prices dip.
The unexpected growth offers some confidence in the Chinese economy and relief to policymakers already pushing revival efforts in the backdrop of weakness in various sectors.
Tensions in the Middle East and Trump's threats to Iran are causing uncertainty in global markets, leading to a shift towards safe-haven assets like gold and crude oil. Asian markets are also feeling the impact, with declines in Japan, Australia, India, China, and Hong Kong. In Europe, the STOXX 50, DAX, CAC 40, and FTSE 100 are all down. Oil prices surged over 7% after the strike and fears of supply disruption, while natural gas, gold, silver, and copper also saw price movements. U.S. futures are down over 1%, led by declines in the Dow Jones and Nasdaq 100. The dollar has gained against major currencies as investors seek safe havens.
Markets Trump targeted with tariffs — Mexico, China, Canada, Europe — surged past the S&P 500. Weak dollar, fiscal risks reshape views on U.S. exceptionalism.
Stocks end lower on Middle East tensions and skepticism over US-China trade deal, with most sectors declining. Economic data shows lower than expected inflation. Asia markets also down, led by losses in Japan and Australia. European stocks also lower, while oil and metal prices rise due to safe-haven demand. US futures and dollar decline.
US markets closed mixed, with modest gains in S&P and Nasdaq while Dow was flat due to losses in McDonald's and Travelers. Economic data showed increase in wholesale inventories and drop in inflation expectations. Asian markets mostly up, Europe mostly down.
According to a Bloomberg report, Beijing seeks to enlist young social media influencers with at least 300,000 followers to collaborate with Chinese content creators.
China reportedly said on Saturday that it has approved some rare earth export applications without specifying which country or industries are involved.
U.S. markets close higher despite Trump's tariff threats. ISM PMI falls, construction spending drops. Dow up 0.08%, S&P 500 gains 0.41%, Nasdaq rises 0.67%.
