European stocks closed higher Tuesday as tensions eased slightly in the escalating trade war between the U.S. and China. The Pan European Stoxx 600 is up 0.54%. The DAX is up 0.85% while France's CAC 40 is up 0.50% and London's FTSE 100 is up 0.25%.
U.S. stocks rose Tuesday morning, buoyed by gains in the technology sector, after the White House said it would grant temporary exemptions to an export blacklist against Huawei Technologies. The Dow Jones Industrial Average rose 125.33 points, or 0.49%, to 25,805.23, while the S&P 500 index gained 21.67 points, or 0.76%, to 2,861.90. The Nasdaq Composite Index gained 78.28 points, or 1.02%, to 7,780.65.
U.S. stocks rose Tuesday, lifted by gains in the technology sector, after the White House decided to grant temporary exemptions to an export blacklist against Huawei Technologies.The Dow Jones Industrial Average rose 197.43 points, or 0.77%, to 25,877.33, while the S&P 500 index gained 24.13 points, or 0.85%, to 2,864.36. The Nasdaq Composite Index gained 83,35 points, or 1.08%, to 7,785.72.
Oil futures were steady on Tuesday as the prospect of mounting U.S.-Iran tensions disrupting supply was offset by concerns that a lengthy trade war between Washington and Beijing would limit crude demand. West Texas Intermediate futures, the U.S. oil benchmark, ended 11 cents or 0.2% lower at $62.99 a barrel on the New York Mercantile Exchange. Global benchmark July Brent meanwhile, added 21 cents, or 0.3%, to $72.18 a barrel on ICE Futures Europe following two consecutive decline.
Global equity markets rose on Tuesday, led by chipmakers and companies exposed to Asia, after the United States temporarily eased trade restrictions imposed on China’s Huawei Technologies, while the dollar rose on a flight to quality.
China’s Shanghai Composite index closed up on Tuesday
Major European stock markets rose.
U.S. stocks rose Tuesday.
Dollar rises as trade war hits Asian economies.
Oil futures were steady on Tuesday
Shares in Asia are higher in Wednesday morning trade.
Asian stocks are on shaky ground on today morning, as earlier relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies failed to offset deeper worries about trade frictions between the world’s two largest economies. Markets are trading cautiously. The Shanghai Composite is down 0.28% while the Hang Seng is up 0.09%. The Nikkei 225 is up 0.34%. Australian stocks slip 0.09%, South Korea’s KOSPI fall 0.23% .
SGX Nifty Futures in Singapore Exchange is trading with a gain of 11.00 points or 0.09% at 11,737.50
Our Markets are expected to open higher today in line with the positive trend observed in global markets.
Markets in Asia were mixed on today as trade tensions continued to linger between the U.S. and China. The Hang Seng gained 0.18% and the Nikkei 225 rose 0.05%. The Shanghai Composite lost 0.49%. The Kospi recovered from its earlier slip to close 0.18% higher. The ASX 200 too gained from the earlier losses and added 0.16% at close.
European markets are mixed today, as investors monitor the increasing involvement of technology giants in the U.S.-China trade war. The FTSE 100 is up 0.346% while the DAX gains 0.11%. The CAC 40 is off 0.14%. The pan-European Stoxx 600 traded around the flatline in the morning session, showing a loss of 0.01%.
U S Stock futures are flat with a negative bias on Wednesday morning, as market participants continue to monitor an intensifying trade war between the world’s two largest economies. At around 05:27 a.m. ET, Dow futures slipped 10points, indicating a negative open of more than 6.33 points. Futures on the S&P and Nasdaq are both seen slightly lower 1.25 ad 8.00 points respectively.