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Global stock markets took a sharp turn downward on Wednesday, fueled by a tech-sector sell-off and rising concerns that equity valuations have become overstretched. Asian markets were hit hardest: Japan’s Nikkei sank 4.6% and South Korea’s KOSPI dropped up to 6.2%. A broad measure of Asia-Pacific shares outside Japan suffered its largest two-day loss since…
Global markets kicked off Monday with a cautious tone as investors shifted focus to private jobs data in the U.S., due to the ongoing government shutdown delaying official employment figures. The U.S. dollar held near a three-month high, reflecting expectations that the Federal Reserve may delay further rate cuts. Meanwhile, the euro hovered at its…
The US government is facing growing questions over its risky financial support for Argentina, even as Washington defends its decision to help a key political ally. US Treasury Secretary Scott Bessent, trusted with selling President Donald Trump’s bold economic policies, played a central role in backing Argentina during a sharp fall in its currency, the…
Global markets showed a mixed reaction on Thursday despite a high-profile meeting between U.S. President Donald Trump and China’s President Xi Jinping. The MSCI Asia-Pacific index slid 0.5% after earlier gains, while U.S. S&P 500 futures dipped 0.1%. Investors were unsettled by the lack of detailed follow-through on the tariff and trade deal, even as…
Wall Street futures climbed to record highs early Monday as investors grew optimistic about a trade truce between the U.S. and China and looked ahead to heavy tech company earnings. Pre-market data showed the Dow E-mini rose about 0.54%, the S&P 500 E-mini up roughly 0.74%, and the Nasdaq 100 futures jumped 1.04%. The optimism…
Japan’s new Prime Minister is quickly preparing a large economic rescue plan. This major stimulus package is designed to fight rising inflation. Sources close to the government confirmed the plan. The country has been dealing with high prices for months. The stimulus will focus on immediate financial relief for households. It will also offer support…
