Latest news with #Nasdaq
Yahoo
an hour ago
- Business
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures fall as Trump warns of 10% BRICS tariff, deals deadline looms
US stock futures fell on Monday as President Trump made a fresh tariff threat and confirmed that country-specific duties will kick in on Aug. 1, ramping up trade uncertainty as the end to his tariff pause looms. Dow Jones Industrial Average futures (YM=F) slipped 0.3%, while futures on the broad benchmark S&P 500 (ES=F) backed off 0.4%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) dropped 0.5%. Stocks are pulling back as trade-war worries deepen, canceling out the uplift from a stronger-than-expected June jobs report that saw the S&P 500 and Nasdaq Composite post fresh records on Thursday. Trading on Wall Street was closed on Friday and ended early the day before to observe the Independence Day holiday. With equities at record levels, investors are wary that any sharp turn in trade negotiations could trigger volatility. Trump said that any country aligning itself with the "Anti-American policies of BRICS" will face an additional 10% tariff late on Sunday. "There will be no exceptions to this policy," he said in a post to social media. The warning came after BRICS — a group of countries including key US trading partners China and India — criticized Trump's tariff policy at its summit at the weekend. It ramped up already-high trade tensions as nations race to clinch tariff deals ahead of Trump's self-imposed deadline of July 9, when his "pause" on steep April tariffs would go back into effect. Global markets have been bracing for that potential shock, with the US only having reached deals with the UK and Vietnam, as well as a framework toward an agreement with China. On Sunday, Treasury Secretary Scott Bessent and Trump confirmed that while letters will be sent out this week informing countries of their tariff rates, those duties would not go into effect until Aug. 1. Read more: The latest on Trump's tariffs. "President Trump's going to be sending letters to some of our trading partners saying that if you don't move things along, then on Aug. 1 you will boomerang back to your April 2 tariff level. So I think we're going to see a lot of deals very quickly," Bessent told CNN's "State of Union." Bessent hinted at several possible deals in the coming days, suggesting the focus this week is clarity with 18 major trading partners before setting duties for the 100-plus other countries that the administration has in its sights for trade taxation. Wall Street is waiting to see how trade talks between the European Union and Canada go, in addition to other key partners. Earnings are coming back into the conversation this week, with Thursday seeing reports from Delta (DAL), Conagra Brands (CAG), Levi's, (LEVI) and WD-40 (WDFC). Bloomberg reports: Read more here. Bloomberg reports: Read more here. 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
Business Standard
3 hours ago
- Business
- Business Standard
Wall Street Rallies on Strong Jobs Data; Nasdaq Hits 20,600, Networking and Software Stocks Lead Gains
Markets surged as U.S. payrolls beat expectations and unemployment dipped to 4.1%. Bond yields rose while networking stocks hit record highs. The Nasdaq jumped 207.97 points (1%) to 20,601.10, the S&P 500 advanced 51.93 points (0.8%) to 6,279.35 and the Dow climbed 344.11 points (0.7%) to 44,828.53. The Labor Department said non-farm payroll employment shot up by 147,000 jobs in June after jumping by an upwardly revised 144,000 jobs in May. The report also said the unemployment rate edged down to 4.1% in June from 4.2% in May. The unemployment rate was expected to inch up to 4.3%. The ISM said its services PMI rose to 50.8 in June from 49.9 in May, with a reading above 50 indicating growth. Networking stocks turned in some of the market's best performances, with the NYSE Arca Networking Index surging by 2.3% to a record closing high. Software stocks were considerably strong, as reflected by the 1.9% gain posted by the Dow Jones U.S. Software Index. Banking, retail and airline stocks was notably strong while housing stocks significantly moved downwards. Asia-Pacific stocks turned in a mixed performance. Japan's Nikkei 225 Index inched up by 0.1% and China's Shanghai Composite Index edged up by 0.2%, while Hong Kong's Hang Seng Index fell by 0.6%. Meanwhile, the major European have all moved upwards while the French CAC 40 Index crept up by 0.6%, the U.K.'s FTSE 100 Index and the German DAX Index both climbed by 0.6%. In the bond market, treasuries have seen continued weakness in reaction to the stronger than expected jobs data. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, has advanced 5.5 bps to 4.34%.
AU Financial Review
3 hours ago
- Business
- AU Financial Review
Bitcoin tops commodities and stocks, but the boom years are ending
Bitcoin recorded better returns than the top-performing commodities and smashed major equities over the past 12 months, even as it became less volatile, a remarkable turnaround for a cryptocurrency long derided as a market that was more akin to betting than other asset classes. The world's most popular digital currency surged 73.2 per cent over the last financial year, beating platinum's 51 per cent rally and doubling the rise of gold. Bitcoin also smashed the 9.5 per cent gain by the All Ordinaries and the 14.9 per cent advance by the US tech-heavy Nasdaq index.
Business Wire
3 hours ago
- Business
- Business Wire
Nrep and Slate Asset Management Enter Agreement on Essential Real Estate Portfolio in Denmark
COPENHAGEN, Denmark--(BUSINESS WIRE)--Urban Partners' real estate arm, Nrep, together with StepStone Real Estate ('SRE'), the real estate arm of private markets investment firm StepStone Group (Nasdaq: STEP), are pleased to announce the sale of a portfolio of five grocery-anchored retail properties and two adjacent residential properties in Greater Copenhagen. The portfolio is being acquired by a joint venture between Slate Asset Management ('Slate' or the 'Firm'), a global investor and manager focused on essential real estate and infrastructure assets, and OneIM, a global alternative investment manager that invests across the capital structure in a range of asset classes. OneIM is Slate's capital partner in the transaction, which is the first for Slate and OneIM's joint venture. The joint venture is actively targeting further acquisitions across the European essential retail sector. The acquisition marks Slate's first investment in Denmark and further increases the Firm's portfolio of high-quality essential real estate assets in Europe. All of the properties in the portfolio are in dense residential areas (Holte Midtpunkt, Lyngby Stationscenter, Frihedens Butikscenter, Vallensbæk Stationstorv Syd, and Taastrup Torv) and near the city's five major transportation corridors. During its ownership, Nrep led a comprehensive repositioning of the properties, transforming them into vibrant urban hubs with best-in-class sustainability credentials. Customer footfall has increased due to the addition of new tenants, including unique concept stores, diverse food and beverage offerings, and medical clinics. The introduction of new concepts and general renovations have also contributed to more efficient customer and tenant journeys, boosting turnover and activity in the surrounding areas. Today, the properties in the portfolio are let to leading regional grocers as well as some of Europe's largest and best-performing retail chains. The portfolio is well-occupied, with immediate upside potential through leasing of remaining vacancies and continued active management of the portfolio. 'We are pleased to be scaling our presence in the Nordics with this strategic acquisition in Denmark,' said Sven Vollenbruch, Managing Director at Slate. 'We have great conviction in the tailwinds driving growth in the Danish market, which has consistently outperformed the broader Eurozone across a number of key macroeconomic indicators. This portfolio presents an attractive entry point for us in this market given it is anchored by leading essential goods tenants – many of whom we already have well-established relationships with – and presents meaningful opportunities to unlock additional value through active, hands-on asset management.' 'This transaction epitomises our investment strategy,' said Thomas Riise-Jakobsen, partner and country manager for Denmark at Nrep. 'The properties are in attractive locations with reliable occupancy and offer significant ESG potential. They sit at the intersection of best-in-class development and the green transition, which is Nrep's absolute sweet spot. We are proud of the work we have done to enhance the portfolio - renovating, repositioning and elevating the centers and their surrounding communities - while delivering strong returns to our investors. With Slate Asset Management taking over, I have no doubt they will capitalise on the progress to date to elevate the properties further.' Josh Cleveland, Partner and Head of EMEA at SRE added: 'Nrep has been an important partner of ours in the Nordics and the opportunity to form a continuation vehicle with them to invest in these strong necessity-based retail and residential assets was an attractive investment opportunity for us.' Nrep has continuously renovated and upgraded the individual properties while strengthening the tenant mix. The projects have included local planning initiatives and the potential for 100 new residential units at Taastrup Torv. In Vallensbæk and Friheden alone, over 16,000 square meters of residential space have been created. Slate maintains a distinct focus on essential real estate, concentrating on the acquisition, ownership, and operation of assets vital to daily life, including grocery, necessity-based retail centers, and the logistics infrastructure that supports the distribution of food and other non-discretionary goods. Since entering the European market in 2016, Slate has been an active investor, completing transactions on more than 1,000 commercial properties across eight countries. Schjødt, Thylander, COWI, and PwC supported Slate in the transaction, while CBRE, Bruun & Hjejle, and Deloitte advised Nrep. About Slate Asset Management Slate Asset Management is a global alternative investment platform. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate's platform focuses on four areas of real assets, including real estate equity, real estate credit, real estate securities, and infrastructure. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit to learn more, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram. About OneIM OneIM is a global alternative investment manager that invests across the capital structure, in a range of asset classes, industries and geographies. The firm applies a flexible investment approach and focuses on creating long-term value working with exceptional partners and management teams. OneIM is sector agnostic and focuses on situations where it can leverage its cross asset class expertise and capital base to achieve differentiated risk-adjusted returns. The firm was founded in 2022 and currently manages approximately $7 billion in assets. The team operates from offices in Abu Dhabi, London, Tokyo and New York. About Nrep Nrep is a real estate investor committed to driving real change in the industry to benefit people and planet. Taking a holistic, long-term approach when investing across real estate segments, primarily residential, logistics, care homes and offices, Nrep is recognized for its ability to reimagining the built environment, including several large-scale neighborhood developments. The company manages 8 million square meters of real estate projects across Denmark, Finland, Sweden, Norway, Poland, and Germany, and has more than 400 employees across Europe. Nrep is part of Urban Partners. For more information, visit About StepStone Group and StepStone Real Estate StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of March 31, 2025, StepStone was responsible for $709 billion of total capital, including $189 billion of assets under management. StepStone's clients include some of the world's largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the real estate, private equity, infrastructure, and private debt asset classes.
Asahi Shimbun
5 hours ago
- Business
- Asahi Shimbun
Stocks slip in Asia on U.S. tariff confusion, oil skids
SYDNEY--Stock markets slipped in Asia on Monday amid confusion as U.S. officials flagged a delay on tariffs but failed to provide much detail on the change, while oil prices slid as OPEC+ opened the supply spigots more than expected. The United States is close to finalizing several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9, President Donald Trump said on Sunday, with the higher rates to take effect on August 1. 'President Trump's going to be sending letters to some of our trading partners saying that if you don't move things along, then on August 1 you will boomerang back to your April 2 tariff level,' U.S. Treasury Secretary Scott Bessent told CNN. Trump in April announced a 10% base tariff rate on most countries and higher 'reciprocal' rates ranging up to 50%, with an original deadline of this Wednesday. However, Trump also said levies could range in value from 'maybe 60% or 70%,' and threatened an extra 10% on countries aligning themselves with the 'Anti-American policies' of the BRICS group of Brazil, Russia, India and China. With very few actual trade deals done, analysts had always suspected the date would be pushed out, though it was still not clear if the new deadline applied to all trading partners or just some. 'This renewed escalation in trade tensions comes at a time when major trade partners, including the EU, India and Japan, are believed to be at crucial stages of bilateral negotiations,' analysts at ANZ said in a note. 'If reciprocal tariffs are implemented in their original form or even expanded, we believe it will intensify downside risks to U.S. growth and increase upside risks to inflation.' Investors have grown somewhat used to the uncertainty surrounding U.S. trade policy and the initial market reaction was cautious. S&P 500 futures and Nasdaq futures both eased 0.3%. EUROSTOXX 50 futures eased 0.1%, while FTSE futures fell 0.2% and DAX futures held steady. Japan's Nikkei lost 0.5%, while South Korean stocks went flat. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.6%, as Chinese blue chips dropped 0.5%. DOLLAR MIXED Safe-haven bonds were better bid, with 10-year Treasury yields down almost 2 basis points at 4.326%. Major currencies were mixed as the dollar index nudged up to 97.071. The euro held at $1.1771, just off last week's top of $1.1830, while the dollar was a fraction firmer at 144.76 yen. The dollar has been undermined by investor concerns about Trump's often chaotic tariff policy and what that might do to economic growth and inflation. The same worries have kept the Federal Reserve from cutting rates and minutes of its last meeting should offer more color on when the majority of members might resume easing. It is a relatively quiet week for Fed speakers with only two district presidents on the docket, while economic data is also sparse. The Reserve Bank of Australia is widely expected to cut its rates by a quarter point to 3.60% at a meeting on Tuesday, the third easing this cycle, and markets imply an eventual destination for rates of 2.85% or 3.10%. New Zealand's central bank meets on Wednesday and is likely to hold rates at 3.25%, having already slashed by 225 basis points over the past year. In commodity markets, gold slipped 0.3% to $3,324 an ounce though it did gain almost 2% last week as the dollar fell. Oil prices slid anew after the Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, agreed on Saturday to raise production by a larger-than-expected 548,000 barrels per day in August. The group also warned that it could hike by a similar amount in September, leaving analysts with the impression it was trying to squeeze lower margin producers and particularly those pulling oil from U.S. shale. 'We see OPEC+ targeting Brent oil futures around $US60-65/bbl as a result,' said Vivek Dhar, an analyst at CBA. 'This would challenge the economics of U.S. shale oil supply growth and prevent non-OPEC+ supply growth from taking market share in coming years.' Brent dropped 52 cents to $67.78 a barrel, while U.S. crude fell $1.01 to $65.99 per barrel.
