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Sky News AU
an hour ago
- Business
- Sky News AU
ASX 200 rises on Tuesday after US President Donald Trump praises 'good' tariff discussion between United States, China
The ASX 200 has jumped on Tuesday after leading United States officials lauded tariff discussions with China and boosted hopes of a soft trade war. The index is up almost 0.4 per cent in the first 20 minutes of trading with Boss Energy surging 5.7 per cent, Bellevue Gold rising 2.7 per cent and insurance broker AUB Group jumping 2.1 per cent. It continues to sit just in striking distance of setting a new record high as stocks recover from the post-Liberation Day wipeout. Further hopes of the trade war simmering arose on Monday when US President Donald Trump praised trade discussions with China but conceded there were some difficulties in the negotiations. 'We are doing well with China. China's not easy,' Trump told reporters at the White House. 'I'm only getting good reports.' US Treasury Secretary Scott Bessent told reporters the delegation had a 'good meeting' while Commerce Secretary Howard Lutnick said the discussions were 'fruitful'. On Wall Street, the Dow Jones finished flat on Monday, the S&P 500 added 0.1 per cent and the Nasdaq grew 0.3 per cent. Tesla shares rose 4.6 per cent after Trump signalled he wanted to end his public spat with Elon Musk where disagreement over a spending bill escalated to the point the tech billionaire claimed the US President's name was in the Epstein Files. "We had a good relationship, and I just wish him well," Trump said. London's FTSE 250 rose 0.6 per cent, Germany's DAX fell 0.5 per cent and the STOXX Europe 600 Index sank 0.1 per cent on Monday. New Zealand's NZX 50 Index is up 0.5 per cent on Tuesday while Japan's Nikkei 225 has added 0.6 per cent.
Sky News AU
4 days ago
- Business
- Sky News AU
ASX 200 zig-zags on Friday after US President Donald Trump lauds 'very good' phone call with Chinese President Xi Jinping
The ASX 200 has zig-zagged on Friday after US President Donald Trump said he held constructive talks with Xi Jinping on trade. Building materials company James Hardie rose 3.2 per cent in the first 40 minutes of trading as the embattled IDP Education added 2.4 per cent and insurance broker AUB Group jumped 2.1 per cent. The index sits up less than 0.1 per cent with the materials sector adding 0.6 per cent and utilities industry rising 0.4 per cent. The move follows a slump on Wall Street as investors look towards a monthly jobs report that will be critical for whether the US Federal Reserve will cut rates. It also comes after Trump posted on his social media platform Truth Social that he and Chinese President Xi Jinping had a 'very good phone call'. 'The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries,' Trump said. 'There should no longer be any questions respecting the complexity of Rare Earth products. 'Our respective teams will be meeting shortly at a location to be determined.' The Dow Jones fell 0.3 per cent on Thursday while the S&P 500 sank 0.5 per cent and the Nasdaq shed 0.8 per cent. The tech-heavy index's slump was in part driven by Tesla's 14 per cent after the feud between CEO Elon Musk and Trump exploded into public view. London's FTSE 250 Index dropped 0.2 per cent as Germany's DAX and the STOXX Europe 600 Index added 0.2 per cent on Thursday. New Zealand's NZX 50 Index is up about 0.2 per cent since trading began on Friday and Japan's Nikkei 225 has risen 0.4 per cent.
