Latest news with #WorldIndex
Nikkei Asia
3 days ago
- Business
- Nikkei Asia
Europe, AI drive global stock rally as Trump tariff fears ebb
TOKYO -- Global stocks are approaching all-time highs, fueled by investors encouraged by signs that U.S. President Donald Trump's tariff campaign is hitting its limits. The benchmark MSCI All Countries World Index, using local currencies and excluding dividends, rose to 1,060.787 on Wednesday -- nearly 2% below the record high marked on Feb. 18. The dollar-denominated version of the ACWI hit a record high on Wednesday, aided by the greenback's weakness against a range of other currencies.
Economic Times
29-05-2025
- Business
- Economic Times
US stock futures jump, dollar gains on tariff ruling
US stock futures jumped and the dollar strengthened after President Donald Trump's global tariffs were deemed illegal and blocked by the US trade court. Upbeat earnings from Nvidia Corp. also boosted investor sentiment. ADVERTISEMENT Contracts for the S&P 500 and Nasdaq 100 gained 1.4% and 1.7% respectively. The ruling can now be appealed by the Trump administration in federal court. The yen declined 0.7% and oil jumped. Shares in Nvidia rose over 5% in post-market trading in New York after the company delivered a solid revenue forecast. Equities in Japan and South Korea advanced at the open. Global financial markets were hit by a sweeping selloff after Trump's bid to remake the world trading order proved more aggressive than expected. Trump's tariff blitz, announced April 2, spooked investors who caught on to a 'Sell America' trade as they remain wary on how the levies will impact growth. Trump's pause on the tariffs and negotiations with countries have since helped stabilize the markets, putting the MSCI All Countries World Index within striking distance of a record high. 'More details are needed,' Rodrigo Catril, a strategist at National Australia Bank Ltd. in Sydney said in reference to the ruling. 'Particularly whether there is an injunction or whether this goes to an appeal process and tariffs remain in place for now. The best guess at this stage is that the administration has enough powers to bypass the ruling and implement tariffs on several grounds.'Meanwhile, Nvidia Chief Executive Officer Jensen Huang soothed investor fears about a China slowdown by delivering a solid sales forecast, saying that the AI computing market is still poised for 'exponential growth.' While Nvidia boosted optimism, HP Inc. dropped about 15% in extended trading after the company's profit outlook fell short of estimates and it cut the annual earnings forecast, pointing toward a weaker economy and continuing costs from US tariffs on goods from China. ADVERTISEMENT News reports that the Trump administration is moving to restrict the sale of chip design software to China spurred a plunge in Cadence Design Systems Inc. and Synopsys Inc. Meantime, Tesla Inc. was said to begin its robotaxi service in Austin on June bristled at suggestions that Wall Street believes he's ultimately unwilling to follow through on extreme tariff threats, saying his repeated retreats are instead part of a strategy to exert trade concessions. ADVERTISEMENT 'It's called negotiation,' Trump said on Wednesday, adding that he intentionally would 'set a number at a ridiculous high number' and then 'go down a little bit' as part of talks. (You can now subscribe to our ETMarkets WhatsApp channel)
Yahoo
15-05-2025
- Business
- Yahoo
Japanese investors extend foreign stock buying to eighth week on trade optimism
(Reuters) -Japanese investors snapped up foreign stocks for an eighth straight week, as progress in U.S. trade negotiations and easing concerns over the global economic impact of a trade war lifted investor sentiment. Japanese investors bought a net 250.8 billion yen ($1.72 billion) worth of foreign stocks during the week ended May 10, although it was sharply lower compared to about 2.55 trillion yen worth of net accumulations in the prior week, data from Japan's Ministry of Finance showed. Including the week's purchases, Japanese investors have now acquired a net 8.2 trillion yen in foreign equities so far this year, the largest total for the same period since at least 2005. Investor concerns over the impact of elevated U.S. tariffs on global economic growth eased significantly in May, buoyed by ongoing trade negotiations, the announcement of a U.S.-UK trade agreement, and a 90-day U.S.-China tariff truce. The U.S. has reduced its combined tariffs on most Chinese imports from 145% to 30%, while China has agreed to cut duties from 125% to 10%. The MSCI World Index has surged about 20.88% since hitting nearly a 15-month low of 722.57 on April 7. The World Index is just 1.6% below its record high of 887.58. Japanese investors also funnelled a net 1.92 trillion yen into long-term overseas bonds in the week ended May 10, reversing net sales of 514.2 billion yen the week prior. Meanwhile, Japan's equity markets attracted around 439 billion yen in foreign capital, with cross-border investors extending net purchases to a sixth straight week. Foreign investors net sold 141.1 billion yen in long-term Japanese government bonds, marking their second straight week of net selling, but picked up 973.9 billion yen in short-term Japanese bills. ($1 = 146.0100 yen) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
15-05-2025
- Business
- Reuters
Japanese investors extend foreign stock buying to eighth week on trade optimism
May 15 (Reuters) - Japanese investors snapped up foreign stocks for an eighth straight week, as progress in U.S. trade negotiations and easing concerns over the global economic impact of a trade war lifted investor sentiment. Japanese investors bought a net 250.8 billion yen ($1.72 billion) worth of foreign stocks during the week ended May 10, although it was sharply lower compared to about 2.55 trillion yen worth of net accumulations in the prior week, data from Japan's Ministry of Finance showed. Including the week's purchases, Japanese investors have now acquired a net 8.2 trillion yen in foreign equities so far this year, the largest total for the same period since at least 2005. Investor concerns over the impact of elevated U.S. tariffs on global economic growth eased significantly in May, buoyed by ongoing trade negotiations, the announcement of a U.S.-UK trade agreement, and a 90-day U.S.-China tariff truce. The U.S. has reduced its combined tariffs on most Chinese imports from 145% to 30%, while China has agreed to cut duties from 125% to 10%. The MSCI World Index (.MIWD00000PUS), opens new tab has surged about 20.88% since hitting nearly a 15-month low of 722.57 on April 7. The World Index is just 1.6% below its record high of 887.58. Japanese investors also funnelled a net 1.92 trillion yen into long-term overseas bonds in the week ended May 10, reversing net sales of 514.2 billion yen the week prior. Meanwhile, Japan's equity markets attracted around 439 billion yen in foreign capital, with cross-border investors extending net purchases to a sixth straight week. Foreign investors net sold 141.1 billion yen in long-term Japanese government bonds, marking their second straight week of net selling, but picked up 973.9 billion yen in short-term Japanese bills. ($1 = 146.0100 yen)
Yahoo
15-05-2025
- Business
- Yahoo
Japanese investors extend foreign stock buying to eighth week on trade optimism
(Reuters) -Japanese investors snapped up foreign stocks for an eighth straight week, as progress in U.S. trade negotiations and easing concerns over the global economic impact of a trade war lifted investor sentiment. Japanese investors bought a net 250.8 billion yen ($1.72 billion) worth of foreign stocks during the week ended May 10, although it was sharply lower compared to about 2.55 trillion yen worth of net accumulations in the prior week, data from Japan's Ministry of Finance showed. Including the week's purchases, Japanese investors have now acquired a net 8.2 trillion yen in foreign equities so far this year, the largest total for the same period since at least 2005. Investor concerns over the impact of elevated U.S. tariffs on global economic growth eased significantly in May, buoyed by ongoing trade negotiations, the announcement of a U.S.-UK trade agreement, and a 90-day U.S.-China tariff truce. The U.S. has reduced its combined tariffs on most Chinese imports from 145% to 30%, while China has agreed to cut duties from 125% to 10%. The MSCI World Index has surged about 20.88% since hitting nearly a 15-month low of 722.57 on April 7. The World Index is just 1.6% below its record high of 887.58. Japanese investors also funnelled a net 1.92 trillion yen into long-term overseas bonds in the week ended May 10, reversing net sales of 514.2 billion yen the week prior. Meanwhile, Japan's equity markets attracted around 439 billion yen in foreign capital, with cross-border investors extending net purchases to a sixth straight week. Foreign investors net sold 141.1 billion yen in long-term Japanese government bonds, marking their second straight week of net selling, but picked up 973.9 billion yen in short-term Japanese bills. ($1 = 146.0100 yen) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
