US EditionAsian Stocks Rally Fades as Japan Debt Sale Disappoints
- After the extended holiday weekend, US equity markets rose, boosted by indications of easing trade disputes between the United States and the European Union, along with a resurgence in consumer confidence.
- The rally followed President Donald Trump's extension of the deadline on EU tariffs to July 9 and a truce that improved economic and labor outlooks.
- The S&P 500 rose 1.7%, the Nasdaq 100 climbed 2.0%, and companies like Advanced Micro Devices saw upgrades while PDD Holdings slumped due to missed earnings.
- Ursula von der Leyen indicated that Europe is prepared to move negotiations forward quickly and firmly, but emphasized that more time is needed until July 9 to finalize a satisfactory agreement, a development that helped ease market concerns over tariffs.
- Despite the gains, analysts warned that volatility driven by trade policy will persist, and there is no guarantee of a final deal by the July 9 deadline.
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The High Point Enterprise
The High Point EnterpriseGlobal markets sink as rally over eased trade tensions fades
Global stock markets sank Wednesday on evaporating cheer over eased tariff tensions, while oil prices climbed as Washington appeared closer to imposing new sanctions on Moscow over Ukraine.
Daily Journal+24 Reposted by 24other sources
Asian stocks rally fades as Japan debt sale disappoints
Asian equities wobbled Wednesday as investors struggled to track a Wall Street rally fuelled by forecast-beating US consumer confidence data, with a weak Japanese debt sale adding to worries about rising bond yields.
·Cherokee County, United States
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Total News Sources62
Leaning Left9Leaning Right7Center14Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 30%
C 47%
R 23%
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