Latest news with #CAC40
Nahar Net
an hour ago
- Automotive
- Nahar Net
Global markets gain and deal on Trump's tariffs lifts Japan's Nikkei 3.5%
Global shares rallied on Wednesday, with Tokyo's benchmark Nikkei 225 index gaining 3.5% after Japan and the U.S. announced a deal on President Donald Trump's tariffs. France's CAC 40 added 1.4% in early trading to 7,854.75, while Germany's DAX gained 0.9% to 24,260.62. Britain's FTSE 100 rose 0.6% to 9,075.46. The future for the S&P 500 gained 0.4% while that for the Dow Jones Industrial Average was up 0.5%. The tariff agreement as announced calls for a 15% U.S. import duty on goods from Japan, apart from certain products such as steel and aluminum that are subject to much higher tariffs. That's down from the 25% Trump had said would kick in on Aug. 1 if a deal was not reached. "This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it," Trump posted on Truth Social, noting that Japan was also investing "at my direction" $550 billion into the U.S. He said Japan would "open" its economy to American autos and rice. Japan's benchmark Nikkei 225 surged as much as 3.7%, closing at 41,171.32. Hong Kong's Hang Seng jumped 1.6% to 25,538.07, while the Shanghai Composite index was little changed, gaining less than 0.1% to 3,582.30. Australia's S&P/ASX 200 edged up 0.7% to 8,737.20 and the Kospi in South Korea edged 0.4% higher to 3,183.77. "President Trump has signed two trade deals this week with the Philippines and Japan which is likely to keep market sentiment propped up despite deals with the likes of the EU and South Korea remaining elusive, for now at least," Tim Waterer, chief market analyst at Kohle Capital Markets, said in a report. There was a chorus of no comments from the Japanese automakers, despite the latest announcement, including Toyota Motor Corp., Honda Motor Co and Nissan Motor Corp. Japanese companies tend to be cautious about their public reactions, and some business officials have privately remarked in off-record comments that they hesitate to say anything because Trump keeps changing his mind. The Japan Automobile Manufacturers' Association also said it had no comment, noting there was no official statement yet. Japan's Prime Minister Shigeru Ishiba welcomed the agreement as beneficial to both sides. Toyota stock jumped 14% in Tokyo trading, while Honda was up more than 11% and Nissan added 8%. In other sectors, Nippon Steel, which is acquiring U.S. Steel, rose 2.7% while video game maker and significant exporter Nintendo Co. added 0.7%. Sony Group surged 4.3%. But Takeshi Niinami, chairman of the Japan Association of Corporate Executives, which groups about 1,600 top executives, issued a note of caution about the nation having to be resilient and pushing free trade, while welcoming the tariff deal. "I hope this U.S.-Japan tariff deal can work as a starting point to further strengthen U.S.-Japan relations," he said. He noted the U.S. policy of putting America first was unlikely to change, and that meant Japan, too, must make policy adjustments, such as making an aggressive push in artificial intelligence. Trump has also said that he reached a trade agreement with the Philippines following a meeting Tuesday at the White House, that will see the U.S. slightly drop its tariff rate for the Philippines without paying import taxes for what it sells there. On Tuesday, the S&P 500 added 0.1% to Monday's all-time high. The Dow Jones Industrial Average rose 0.4%, while the Nasdaq slipped 0.4%. Also early Wednesday, U.S. benchmark crude oil lost 23 cents to $65.08 a barrel. Brent crude, the international standard fell 21 cents to $68.38 a barrel. The U.S. dollar fell to 146.38 Japanese yen from 146.64 yen. The euro cost $1.1736, down from $1.1754.
Al Etihad
2 hours ago
- Automotive
- Al Etihad
Stock markets rally after Japan-US trade deal
23 July 2025 16:31 LONDON (AFP)Stock markets rose on Wednesday after Japan and the United States hammered out a trade deal to slash Donald Trump's tariffs, including those on the crucial car were also cheered by news that Washington had reached agreements with Indonesia and the Philippines, stoking optimism that other countries will also follow suit before Trump's August 1 FTSE 100 was up 0.5 percent, after hitting another record high at the piled on one percent and Frankfurt also advanced, tracking gains in surged over three percent after the US president announced a deal lowering tariffs on some Japanese goods to 15 percent, down from the threatened 25 deal will also reduce tolls on autos -- an accounting sector for eight percent of Japanese jobs -- to 15 percent, compared, with 25 percent for other countries. In return, Japan pledged to invest $550 billion in the United States, Trump said on social in carmaker Toyota rocketed higher by more than 14 percent, Mitsubishi 13 percent and Nissan eight carmakers also rallied, with Porsche rising over seven percent, while Volkswagen and BMW were up around six percent in Paris, Stellantis topped the gainers on the CAC 40, advancing close to seven also hailed an agreement with Manila to lower levies on Philippine goods by one percentage point to 19 percent, while tariffs on Indonesia were slashed from 32 percent to 19 in Manila and Jakarta announcements boosted hopes of other deals before next Friday's deadline, though talks with the European Union and South Korea remain 10-year government bond yield soared to the highest since 2008. Elsewhere in Asia, Hong Kong hit its highest level since late 2021, while Shanghai was advances came after a broadly positive day on Wall Street where the S&P 500 hit another peak but the Nasdaq snapped a six-day streak of records. Eyes are also on the release of earnings from Google parent Alphabet and tech giants, including Tesla and Intel.
News18
2 hours ago
- Automotive
- News18
Global markets gain, deal on Trumps tariffs lifts Japans Nikkei 3.5 per cent
Tokyo, Jul 23 (AP) Global shares rallied on Wednesday, with Tokyo's benchmark Nikkei 225 index gaining 3.5 per cent after Japan and the US announced a deal on President Donald Trump's tariffs. France's CAC 40 added 1.4 per cent in early trading to 7,854.75, while Germany's DAX gained 0.9 per cent to 24,260.62. Britain's FTSE 100 rose 0.6 per cent to 9,075.46. The future for the S&P 500 gained 0.4 per cent while that for the Dow Jones Industrial Average was up 0.5 per cent. The tariff agreement as announced calls for a 15 per cent US import duty on goods from Japan, apart from certain products such as steel and aluminum that are subject to much higher tariffs. That's down from the 25 per cent Trump had said would kick in on August 1 if a deal was not reached. 'This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it," Trump posted on Truth Social, noting that Japan was also investing 'at my direction" USD 550 billion into the US. He said Japan would 'open" its economy to American autos and rice. Japan's benchmark Nikkei 225 surged as much as 3.7 per cent, closing at 41,171.32. Hong Kong's Hang Seng jumped 1.6 per cent to 25,538.07, while the Shanghai Composite index was little changed, gaining less than 0.1 per cent to 3,582.30. Australia's S&P/ASX 200 edged up 0.7 per cent to 8,737.20 and the Kospi in South Korea edged 0.4 per cent higher to 3,183.77. 'President Trump has signed two trade deals this week with the Philippines and Japan which is likely to keep market sentiment propped up despite deals with the likes of the EU and South Korea remaining elusive, for now at least," Tim Waterer, chief market analyst at Kohle Capital Markets, said in a report. There was a chorus of no comments from the Japanese automakers, despite the latest announcement, including Toyota Motor Corp, Honda Motor Co and Nissan Motor Corp. Japanese companies tend to be cautious about their public reactions, and some business officials have privately remarked in off-record comments that they hesitate to say anything because Trump keeps changing his mind. The Japan Automobile Manufacturers' Association also said it had no comment, noting there was no official statement yet. Japan's Prime Minister Shigeru Ishiba welcomed the agreement as beneficial to both sides. Toyota stock jumped 14 per cent in Tokyo trading, while Honda was up more than 11 per cent and Nissan added 8 per cent. In other sectors, Nippon Steel, which is acquiring US Steel, rose 2.7 per cent while video game maker and significant exporter Nintendo Co added 0.7 per cent. Sony Group surged 4.3 per cent. But Takeshi Niinami, chairman of the Japan Association of Corporate Executives, which groups about 1,600 top executives, issued a note of caution about the nation having to be resilient and pushing free trade, while welcoming the tariff deal. 'I hope this US-Japan tariff deal can work as a starting point to further strengthen US-Japan relations," he said. He noted the US policy of putting America first was unlikely to change, and that meant Japan, too, must make policy adjustments, such as making an aggressive push in artificial intelligence. Trump has also said that he reached a trade agreement with the Philippines following a meeting Tuesday at the White House, that will see the US slightly drop its tariff rate for the Philippines without paying import taxes for what it sells there. On Tuesday, the S&P 500 added 0.1 per cent to Monday's all-time high. The Dow Jones Industrial Average rose 0.4 per cent, while the Nasdaq slipped 0.4 per cent. Also early Wednesday, US benchmark crude oil lost 23 cents to USD 65.08 a barrel. Brent crude, the international standard fell 21 cents to USD 68.38 a barrel. The US dollar fell to 146.38 Japanese Yen from 146.64 Yen. The Euro cost USD 1.1736, down from USD 1.1754. (AP) SKS NPK NPK view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Al-Ahram Weekly
3 hours ago
- Automotive
- Al-Ahram Weekly
Global markets gain and deal on Trump's tariffs lifts Japan's Nikkei 3.5% - Markets & Companies
Global shares rallied on Wednesday, with Tokyo's benchmark Nikkei 225 index gaining 3.5% after Japan and the U.S. announced a deal on President Donald Trump's tariffs. France's CAC 40 added 1.4% in early trading to 7,854.75, while Germany's DAX gained 0.9% to 24,260.62. Britain's FTSE 100 rose 0.6% to 9,075.46. The future for the S&P 500 gained 0.4% while that for the Dow Jones Industrial Average was up 0.5%. The tariff agreement as announced calls for a 15% US import duty on goods from Japan, apart from certain products such as steel and aluminum that are subject to much higher tariffs. That's down from the 25% Trump had said would kick in on Aug. 1 if a deal was not reached. 'This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it,' Trump posted on Truth Social, noting that Japan was also investing 'at my direction' $550 billion into the US He said Japan would 'open' its economy to American autos and rice. Japan's benchmark Nikkei 225 surged as much as 3.7%, closing at 41,171.32. Hong Kong's Hang Seng jumped 1.6% to 25,538.07, while the Shanghai Composite index was little changed, gaining less than 0.1% to 3,582.30. Australia's S&P/ASX 200 edged up 0.7% to 8,737.20 and the Kospi in South Korea edged 0.4% higher to 3,183.77. 'President Trump has signed two trade deals this week with the Philippines and Japan which is likely to keep market sentiment propped up despite deals with the likes of the EU and South Korea remaining elusive, for now at least,' Tim Waterer, chief market analyst at Kohle Capital Markets, said in a report. There was a chorus of no comments from the Japanese automakers, despite the latest announcement, including Toyota Motor Corp., Honda Motor Co and Nissan Motor Corp. Japanese companies tend to be cautious about their public reactions, and some business officials have privately remarked in off-record comments that they hesitate to say anything because Trump keeps changing his mind. The Japan Automobile Manufacturers' Association also said it had no comment, noting there was no official statement yet. Japan's Prime Minister Shigeru Ishiba welcomed the agreement as beneficial to both sides. Toyota stock jumped 14% in Tokyo trading, while Honda was up more than 11% and Nissan added 8%. In other sectors, Nippon Steel, which is acquiring US Steel, rose 2.7% while video game maker and significant exporter Nintendo Co. added 0.7%. Sony Group surged 4.3%. But Takeshi Niinami, chairman of the Japan Association of Corporate Executives, which groups about 1,600 top executives, issued a note of caution about the nation having to be resilient and pushing free trade, while welcoming the tariff deal. 'I hope this US-Japan tariff deal can work as a starting point to further strengthen US-Japan relations,' he said. He noted the US policy of putting America first was unlikely to change, and that meant Japan, too, must make policy adjustments, such as making an aggressive push in artificial intelligence. Trump has also said that he reached a trade agreement with the Philippines following a meeting Tuesday at the White House, that will see the US slightly drop its tariff rate for the Philippines without paying import taxes for what it sells there. On Tuesday, the S&P 500 added 0.1% to Monday's all-time high. The Dow Jones Industrial Average rose 0.4%, while the Nasdaq slipped 0.4%. Also early Wednesday, US benchmark crude oil lost 23 cents to $65.08 a barrel. Brent crude, the international standard fell 21 cents to $68.38 a barrel. The US dollar fell to 146.38 Japanese yen from 146.64 yen. The euro cost $1.1736, down from $1.1754. Follow us on: Facebook Instagram Whatsapp Short link:
CNBC
9 hours ago
- Business
- CNBC
European stocks set to rally at the open as U.S.-Japan trade deal boosts global market sentiment
The City of London financial district at sunrise. Alexander Spatari | Moment | Getty Images Good morning from London, and welcome to CNBC's live blog covering all the action and business news in European financial markets on Wednesday. Futures data from IG suggest a positive open for European indexes, with London's FTSE 100 seen opening 0.6% higher, France's CAC 40 up 1.2%, Germany's DAX up 1%, and Italy's FTSE MIB 1.2% higher. European stocks declined again Tuesday as investors digested earnings from some of the largest companies on the continent, and weighed the prospect of U.S. trade tariffs that will kick in on Aug. 1 unless a trade deal is reached. Overnight, Asia-Pacific markets traded higher after U.S. President Donald Trump announced that he had completed a "massive Deal" with Japan, with a baseline tariff of 15% set on the country's exports to the United States. S&P 500 futures were little changed Tuesday evening after the announcement. — Holly Ellyatt The UniCredit SpA headquarters in Milan, Italy, on Jan. 22, 2022. Bloomberg | Getty Images
