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US Equity Indexes Jump Amid Sliding Treasury Yields, Crude Oil as Trump Says Iran Talks in Final Stages

US equity indexes jumped at the close on Wednesday as government bond yields sank amid a slide in crude oil futures after President Donald Trump talked up expectations for an Iran peace agreement.The Nasdaq Composite advanced 1.6% to 26,270.36, with the S&P 500 up 1.1% to 7,432.97 and the Dow Jones Industrial Average higher by 1.3% to 50,009.35 on Wednesday.Consumer discretionary and technology topped the sector charts. Energy was the worst performer.US equity indexes closed higher on Wednesday in anticipation of strong results from the tech bellwether and AI poster child, Nvidia (NVDA). The chipmaker reported after the bell stronger-than-expected fiscal Q1 adjusted earnings and revenue, beating market expectations. The chipmaker unveiled an additional $80 billion share repurchase authorization and raised its quarterly dividend.Meanwhile, Iran negotiations are in the final stages, Reuters cited President Donald Trump as saying on Wednesday. The US president reiterated his warning of further attacks unless Tehran agrees to a deal."We're in the final stages of Iran. We'll see what happens," Trump was cited as telling reporters. "Either have a deal, or we're going to do some things that are a little bit nasty, but hopefully that won't happen.""If aggression against Iran is repeated, the promised regional war will extend beyond the region this time," Reuters cited the Revolutionary Guards as saying in a statement.Brent crude futures slumped 5.7% to $104.91.US Treasury yields fell, with the 30-year down 6.6 basis points to 5.11%, retreating from its highest since 2007. The 10-year dropped 9.3 basis points to 4.58%, also declining from its strongest level in more than a year.In precious metals, gold futures rose 0.8% to $4,548.2, and silver futures climbed 1.5% to $76.27.A majority of FOMC participants appear to be leaning away from rate cuts for now and were open to the possibility of rate increases, minutes of the April 28-29 meeting released Wednesday showed."Several participants highlighted that it would likely be appropriate to lower the target range for the federal funds rate once there are clear indications that disinflation is firmly back on track or if solid signs emerge of greater weakness in the labor market," the minutes said."A majority of participants highlighted, however, that some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%," according to the minutes.

Dow JonesNasdaq CompositeS&P 500$NVDA

Asia Markets80d ago

US Equity Indexes Rise as Investors Await Nvidia's Earnings While Iran Peace Talks Enter Final Stages

US equity indexes rose ahead of Nvidia's (NVDA) earnings and April minutes from the Federal Reserve's policy meeting, and as Iran's negotiations with a trio of Gulf nations entered the final stages.The Nasdaq Composite rose 1.1% to 26,165.1, with the S&P 500 up 0.8% to 7,412.9 and the Dow Jones Industrial Average higher by 1% to 49,854.6 in midday trading on Wednesday.Consumer discretionary and technology topped the sector charts. Energy was the worst performer.Nvidia's (NVDA) fiscal Q1 sales are expected to outperform market projections, with potential for "enhanced" cash returns likely to be among the key areas of focus, BofA Securities said in a note. The brokerage maintained its buy rating on the Nvidia stock, with a $320 price objective, citing its "dominance in the fastest growing tech market and its compelling valuation."Chip stocks steadied ahead of Nvidia's earnings, which investors view as a "crucial test of AI demand amid concerns about elevated Treasury yields," according to a D.A. Davidson note.Meanwhile, Iran negotiations are in the final stages, Reuters cited US President Donald Trump as saying on Wednesday. But Trump warned of further attacks unless Tehran agrees to a deal."We're in the final stages of Iran. We'll see what happens," Trump was cited as telling reporters. "Either have a deal, or we're going to do some things that are a little bit nasty, but hopefully that won't happen.""If aggression against Iran is repeated, the promised regional war will extend beyond the region this time," Reuters cited the Revolutionary Guards as saying in a statement.West Texas Intermediate crude oil futures slid 0.8% to $107.77, while Brent crude futures slumped 5.7% to $104.92.US Treasury yields fell, with the 30-year down 6.5 basis points to 5.12%, retreating from its highest since 2007. The 10-year dropped 8.7 basis points to 4.58%, also declining from its strongest level in more than a year.In precious metals, gold futures rose 0.6% to $4,536.8, and silver futures climbed 1.5% to $75.30.In US economic news, the Federal Reserve is scheduled to post minutes from its April policy meeting at 2 pm ET, in which policymakers had voted to keep the federal funds rate unchanged at 3.5% to 3.75%.However, Dallas Fed president Lorie Logan, Minneapolis Fed president Neel Kashkari, and Cleveland Fed president Beth Hammack were the three members of the Federal Open Market Committee who explicitly dissented against language that left the door open to a possible easing bias, according to a Scotiabank note. Boston Fed president Susan Collins later revealed that she was a non-voting supporter of the dissenters."That makes almost one-quarter (4) of the 17 FOMC members and one-quarter (3) of the voting FOMC members who officially opposed any hint at easing" at the last meeting, Derek Holt, head of capital markets economics at Scotiabank, said in an earlier note. "Will others be revealed? Watch the language that cites frequency of citation for an indication (one, a couple, a few, some, several, many, most, etc.)."

Dow JonesNasdaq CompositeS&P 500$NVDA

Asia Markets80d ago

Exchange-Traded Funds Move Higher as US Equities Rise After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV advanced. Actively traded Invesco QQQ Trust (QQQ) added 1.2%.US equity indexes rose ahead of Nvidia's (NVDA) quarterly earnings and minutes of the Federal Reserve's last policy meeting, while the Iran standoff continued.EnergyIShares US Energy ETF (IYE) fell 1.5% and the State Street Energy Select Sector SPDR (XLE) dipped 1.8%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) rose 1.6%; iShares US Technology ETF (IYW) added 1.4%, and iShares Expanded Tech Sector ETF (IGM) was up 1.4%.The State Street SPDR S&P Semiconductor (XSD) gained 3.3%, and iShares Semiconductor (SOXX) was up 3.8%.FinancialThe State Street Financial Select Sector SPDR (XLF) added 0.9%. Direxion Daily Financial Bull 3X Shares (FAS) climbed 2.6%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 2.5%.CommoditiesCrude oil dropped 2.7%, and the United States Oil Fund (USO) lost 6.2%. Natural gas fell 2.6%, and the United States Natural Gas Fund (UNG) was down 3.3%.Gold on Comex rose 0.4% and the State Street SPDR Gold Shares (GLD) added 1.2%. Silver gained 1.2%, and iShares Silver Trust (SLV) was up 2.6%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) shed 0.4%. The Vanguard Consumer Staples ETF (VDC) fell 0.3%, and iShares Dow Jones US Consumer Goods (IYK) was down 0.1%.The State Street Consumer Discretionary Select Sector SPDR (XLY) rose 1.9%. VanEck Retail ETF (RTH) was up 0.7%, and the State Street SPDR S&P Retail (XRT) added 1.8%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) fell 0.4%, iShares US Healthcare (IYH) lost 0.3% and Vanguard Health Care ETF (VHT) was down 0.1%. IShares Biotechnology ETF (IBB) climbed 1.8%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) rose 1.3%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also higher.CryptocurrencyIn midday activity, bitcoin (BTC-USD) added 0.7%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) gained 0.8%, ProShares Ether ETF (EETH) was up 0.9%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.1% lower.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH

Asia Markets80d ago

Swiss Stocks Extend Gains; Ypsomed Jumps on FY26 Results

The Swiss Market Index continued its winning streak on Wednesday, closing 0.26% higher, as earnings updates from companies continued to pour in.Ypsomed Holding (YPSN.SW) climbed 9.33% at close after reporting a surge in net profit for the year ended March 31, 2026, to 221.9 million francs from 87.5 million francs, while net sales from goods and services fell. Looking ahead, the injection and infusion systems maker expects 12% to 15% revenue growth in fiscal 2027, and 900 million francs to 1.1 billion francs in total revenue in the medium term.Meanwhile, EFG International (EFGN.SW) gained 0.69% as the private bank's net profit for the four months to April 30 clocked in at more than 130 million francs, compared with around 130 million francs a year ago.AlphaValue/Baader Europe maintained its positive view on Aevis Victoria (AEVS.SW) following the investment company's first-quarter results. The stock is rated buy, with a price target of 17.8 francs."Ahead of its Capital Market Day scheduled for today, AEVIS delivered a buoyant Q1 performance, highlighted by a remarkable profitability rebound at Swiss Medical Network and steady operational improvements at Infracore, which is actively preparing to go public," the research firm said. Aevis Victoria was down 0.75%.Elsewhere and in geopolitical news, Iran warned that the Middle East war would "spread far beyond the region" if the US and Israel resumed their attacks on the country following US President Donald Trump's threats.On the economic front, analysts are anticipating the release of the country's industrial production data for the first quarter on Thursday. The consensus estimate is a 0.5% rise, compared with the previously reported 0.7% decline.

^SSMI$AEVS.SW$EFGN.SW$YPSN.SW

Asia Markets80d ago

European Stocks Rise in Wednesday Trading; UK Inflation Cools in April

European stock markets closed higher in Wednesday trading as the Stoxx Europe advanced 1.46%, Germany's DAX climbed 1.38%, the FTSE 100 rose 0.99%, France's CAC gained 1.7%, and the Swiss Market Index closed 0.26% higher.In the UK, the annual consumer price index rose 2.8% in the 12 months to April, down from 3.3% in March. On a monthly basis, CPI rose 0.7% in April, compared with a rise of 1.2% a year earlier, according to the Office for National Statistics.The ONS said housing and household services made the largest contribution to the lower inflation.Core CPI, which excludes energy, food, alcohol and tobacco, increased 2.5% in the 12 months to April, down from 3.1% in the 12 months to March.In corporate news, ASML Chief Executive Officer Christophe Fouquet said that the global semiconductor market will remain "tense" with tight supply for the foreseeable future as demand from artificial intelligence, satellites and robots outpaces industry production, Reuters reported Wednesday.Fouquet further said that there would likely be sporadic bottlenecks throughout the supply chain of the chip market, which is expected to hit $1.5 trillion by 2030, according to the report.An ASML spokesperson could not be immediately contacted by.Shares of the Dutch semiconductor company surged close to 7% in AmsterdamShell unit BG International has sold participating interests in three exploration blocks offshore Uruguay to QatarEnergy, which made the announcement Wednesday.QatarEnergy bought an 18% interest in block OFF-4, with Shell holding 32% and operator APA (APA) accounting for the rest.Shares of the British oil and gas giant fell 1% in London.Stellantis and Jaguar Land Rover said Wednesday that they have signed a memorandum of understanding to collaborate on product development in the US.Financial terms of the deal were not disclosed.The companies aid that any potential deals as a result of the MoU discussions will be subject to customary closing conditions, which includes signing binding definitive agreements.Shares of the automaker rose 1.5% in Paris.

Asia Markets80d ago

DAX Index Climbs; German Producer Prices Up

Germany's blue-chip DAX closed 1.38% higher on Wednesday, as investors assessed fresh economic data alongside the latest updates on the European Union-US trade front.Destatis reported that producer prices rose 1.7% year over year in April 2026, compared with a 0.2% decrease earlier and the market forecast of a 1.5% rise. The reading marks the highest increase since May 2023. The German Federal Statistical Office attributed the growth to higher energy prices, intermediate goods, and capital and durable goods."Today's producer price inflation confirms that a first inflation wave is in full swing. An inflation wave that remains mainly limited to energy prices but is gradually broadening. It won't be long before higher energy prices lead to knock-on effects on transportation and food costs. Needless to say, the longer the war in the Middle East and the blockade of the Strait of Hormuz last, the higher the likelihood that the initial energy price shock will not only have knock-on effects but could also be accompanied by additional supply chain frictions and, in turn, a self-enhancing inflationary spiral," ING wrote.Markets also tracked the US-Iran conflict after Tehran warned of broader retaliation if the US resumes strikes, while continued disruptions in Hormuz kept oil prices volatile.Meanwhile, in a bid to avoid higher US tariffs, the European Council and Parliament reached a preliminary agreement on regulations to scrap remaining duties on US industrial imports and grant preferential market access to select goods. The legislation is intended to fulfill the EU's obligations under the July 2025 trade pact.The VDMA industry association, representing the European machinery and equipment manufacturing sector, said the EU should continue negotiations aimed at securing the same 15% tariff ceiling for remaining steel and aluminum derivative products, adding that planning certainty was crucial for manufacturers.In corporate news, Infineon Technologies (IFX.F) was the top gainer on the index, climbing 5.11%, after it launched Moore4Power, an EU-backed semiconductor research and development project focused on smart power electronics, with 62 partners across 15 European countries.Siemens Energy (ENR.F) gained 3.95% after announcing the early extension of its supply agreement with Austria-based energy infrastructure company Asta Group. Asta will continue supplying specialized copper and custom conductor components to all of the German energy technology company's European transformer plants through 2032.

^DAX$ENR.F$IFX.F

Asia Markets80d ago

UK Shares Rise as Inflation Cools; Marks and Spencer Leads Gainers

London's FTSE 100 closed 0.99% higher on Wednesday as investors digested a faster-than-expected decline in inflation and earnings updates from corporate heavyweights."The larger fall in CPI inflation than forecasters expected, from 3.3% yoy in March to 2.8% yoy in April (consensus and Berenberg: 3.0%) suggests that inflation would have dropped to within a hair's breadth of the Bank of England's (BoE's) 2% target without the Iran war," Berenberg said. "In the months ahead, the upward pressure on prices from the Iran war will spread from petrol and diesel to goods and food and likely lift inflation to over 3.5% in H2. Nonetheless, if the services prices that the BoE can influence most continue to behave, the central bank need not raise interest rates in response."Meanwhile, Wood Mackenzie's Horizons report said a prolonged shutdown of the Strait of Hormuz would represent the most significant threat to global energy markets in decades. "The Strait of Hormuz is the most critical chokepoint in global energy markets, and a prolonged closure would become far more than an energy crisis," said Peter Martin, head of economics at Wood Mackenzie.In corporate news, British retailer Marks and Spencer Group (MKS.L) rose 6.64% to top the blue-chip index after profit attributable to owners of the parent for fiscal 2026 declined to 259.4 million pounds sterling from 295.7 million pounds year over year, while revenue jumped to 17.27 billion pounds from 13.82 billion pounds earlier."M&S has released its FY26 results this morning with FY26 Food profits ahead of expectations, but Fashion, Home & Beauty below. We think Food is likely to have continued its momentum into FY27 so far, but store clothing sales have been somewhat weather impacted and are likely to be seeing a more volatile trend. As such we view the results as more of a positive read for the UK grocers and NEXT (online) than Primark," RBC Capital Markets said.On the flip side, Experian (EXPN.L) dropped 2.95% to become the worst performer on the FTSE 100 even as profit and revenue for fiscal 2026 increased year over year. The data and technology company also commenced a program to repurchase up to $1 billion of shares."FY26 demonstrated robust execution with 11% constant [currency] growth and 8% organic growth including 9% in Q4. Benchmark margins increased 60 [basis points] - ahead of the medium term framework and driving 13% constant fx EPS growth. Growth was stable across the quarters and broad based across geographies and verticals," BofA Global Research said.

FTSE 100$EXPN.L$MKS.L

Asia Markets80d ago

European Equities Traded in US as ADRs Rise in Wednesday Trading

European equities traded in the US as American depositary receipts rose Wednesday with the S&P Europe Select ADR Index gaining 1.9% to 1,858.59.From continental Europe, the gainers were led by lender Banco Bilbao Vizcaya Argentaria (BBVA) and biopharmaceutical company Grifols (GRFS), which rose 3.5% and 3.3%, respectively. They were followed by pharmaceutical company Sanofi (SNY) and medical device maker EDAP TMS (EDAP), which were up 2.4% and 0.6%, respectively.The decliners from continental Europe were led by petroleum refiner Equinor (EQNR) and telecommunications company Nokia (NOK), which fell 3% and 1.4%, respectively. They were followed by internet advertising firm Criteo (CRTO) and software company SAP (SAP), which were down 1% and 0.9%, respectively.The gainers from the UK were led by pharmaceutical company Silence Therapeutics (SLN) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which climbed 7.1% and 4%, respectively. They were followed by lenders Barclays (BCS) and Lloyds Banking Group (LYG), which each rose 3.4%.The decliners from the UK and Ireland were led by oil and gas companies BP (BP) and Shell (SHEL), which lost 1.3% and 1%, respectively. They were followed by biotech firm Trinity Biotech (TRIB) and tobacco company British American Tobacco (BTI), down 0.9% and 0.5%, respectively.

$BBVA$BCS$BDRX$BP$BTI$CRTO$EDAP$EQNR$GRFS$LYG$NOK$SAP$SHEL$SLN$SNY$TRIB

Asia Markets80d ago

Asian Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading

Asian equities traded in the US as American depositary receipts were tracking higher Wednesday morning, rising 0.63% to 2,846.43 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by real estate and digital security company Eason Technology (DXF) and mobile big data provider Aurora Mobile (JG), which advanced 10% and 1.9% respectively. They were followed by solar panel maker JinkoSolar (JKS) and fintech firm LexinFintech (LX), which increased 1.7% and 1.2% respectively.The decliners from North Asia were led by online entertainment platform Bilibili (BILI) and utilities company Korea Electric Power (KEP), which fell 6.2% and 5.3% respectively. They were followed by automotive marketplaces Token Cat (TC) and Autohome (ATHM), which were down 5% and 2.3% respectively.From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and telecommunications operator Telekomunikasi Indonesia (TLK), which rose 5.2% and 1.5% respectively. They were followed by lender ICICI Bank (IBN) and IT firm Sify Technologies (SIFY), which were up 0.6% and 0.5% respectively.The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and IT firm Infosys (INFY), which dropped 14% and 2.6% respectively. They were followed by tech conglomerate Sea (SE) and telecommunications operator PLDT (PHI), which lost 2% and 0.4% respectively.

$ATHM$BILI$CAN$DXF$IBN$INFY$JG$JKS$KEP$LX$PHI$SE$SIFY$TC$TDTH$TLK

Asia Markets80d ago

Tadawul Shares Close Wednesday Flat Amid Lower Oil Prices

Saudi Exchange-traded shares closed Wednesday 0.03% in green after oil prices declined following US President Donald Trump's comments that the Iran war will end "very quickly."Brent Crude oil futures fell 2.10% to $108.941 per barrel as investors grew optimistic that the US and Iran could very soon reach an agreement, despite contradicting statements from both sides. To that end, while responding to Trump's remarks of coming within an hour of resuming a military campaign, Iran threatened to extend the war beyond the Middle East in case the US struck again, Reuters reported.In macro news, the kingdom's operating revenue index rose 10.2% year over year in March, according to a report by the General Authority for Statistics. On a monthly basis, operating revenue was up 8.1%.The statistics agency said that the change was attributed to an "increase in manufacturing activities by 4.0% mining and quarrying activities, which increased by 25.5% and increases in wholesale and retail trade and repair of motor vehicles activities by 4.6% and increases of 4.8% and 17.6% in construction activities and financial and insurance activities, respectively."Meanwhile, Saudi Arabia's employee compensation indices in March climbed 10% and 0.4% on an annual and monthly basis, respectively. However, issued building permits declined 0.7% to 5,162 in the reporting month from a year ago, the short-term business indicators statistics report showed.In corporate news, Saudi artificial intelligence company Humain reportedly engaged Goldman Sachs to advise on a financing package for the construction of data centers in Riyadh, which could potentially be worth 20 billion Saudi riyals. The Public Investment Fund unit is also looking to finance graphics processing unit chips for 2 gigawatts of capacity, which represents a third of its 2034 target, Reuters reported, citing sources.On the earnings front, Etihad GO Telecom Co. (SASE:7040) logged a 17.73% year-over-year jump in net profit, while revenue grew 31.19% for the fiscal year ended March 31. Shares of the Saudi Arabia-listed telecommunications group closed 0.37% higher.

^TASISASE:7040

Asia Markets80d ago

US Equity Futures Edge Higher Pre-Bell Amid Chip Sector Gains as Traders Await Nvidia Earnings

US equity futures were edging higher pre-bell Wednesday as traders anticipated Nvidia's (NVDA) fiscal Q1 financial results, expected after the closing bell, amid share gains in the broader chip sector.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.7% higher.Investors look forward to Nvidia's earnings for key information on trends in artificial intelligence and the demand for chips. The company's stock was up 1.6% in premarket activity.Traders digested the latest round of earnings, with Analog Devices (ADI) posting higher fiscal Q2 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 3.9% at $107.67 per barrel and US West Texas Intermediate crude 3.3% lower at $100.96 per barrel.The Atlanta Fed Business Inflation Expectations survey for May is scheduled for release at 10 am ET. The Federal Reserve will release the minutes of its most recent policy meeting at 2 pm.Fed Governor Michael Barr is slated to speak on Wednesday.In other world markets, Japan's Nikkei closed 1.2% lower, Hong Kong's Hang Seng ended 0.6% lower, and China's Shanghai Composite finished 0.2% lower. Meanwhile, the UK's FTSE 100 was up 0.3%, and Germany's DAX index was 0.5% higher in Europe's early afternoon session.In equities, gains of major chip firms AMD (AMD), Micron Technology (MU), and Intel (INTC) helped propel the wider semiconductor sector. AMD stock was up 2.4%, Micron shares rose 3.8%, and Intel stock was up 4.8%.On the losing side, Lowe's (LOW) stock was down 1.2% despite reporting higher fiscal Q1 adjusted earnings and sales. Energy firms Exxon Mobil (XOM), BP (BP), and Equinor (EQNR) saw their stocks drop as oil prices declined. Exxon Mobil shares were down 0.9%, BP stock fell 1.1%, and Equinor shares were down 1.6%.

Dow JonesNasdaq CompositeS&P 500$ADI$AMD$BP$EQNR$INTC$LOW$MU$NVDA$XOM

Asia Markets80d ago

UAE Shares Slide Ahead of US Fed Meeting Minutes

Emirati Equities slipped back into negative territory as markets await the release of the Federal Open Market Committee meeting minutes later in the day.At the close of Wednesday trading, the FTSE ADX General Index was down 0.521%, while the DFM General Index declined 0.618%.On the economic calendar today are the closely watched minutes from the FOMC's meeting in April, where the committee voted to keep the interest rates steady in the 3.50% to 3.75% range due to high inflation and energy prices, driven by ongoing developments in the Middle East. The minutes will provide investors with insights into the US Federal Reserve's stance on future monetary policies."Another event to watch today is the release of April's FOMC minutes, which will shed more light on the reasoning for the three dissenters who preferred a less dovish message. Any hints that went as far as adding rate hikes to the discussion could underpin the recent hawkish repricing and add support for the dollar," analysts at ING said.On the geopolitical front, Iran threatened to extend the war beyond the Middle East if the US resumes its attacks. Earlier, US President Donald Trump said that he had been an hour away from relaunching strikes before postponing them at the request of Gulf countries.Back home and on the corporate side, FAB Securities reiterated Abu Dhabi Ports Co. (ADX:ADPORTS), d/b/a AD Ports Group, buy rating and its price target of 7.35 Emirati dirhams after the port and industrial zones developer's first-quarter attributable net profit exceeded the financial services firm's expectations. Its shares closed 0.45% higher.Dubai-listed Gulf Navigation (DFM:GULFNAV) returned to profit in the first quarter, while revenue rose year over year. Shares of the maritime and shipping company were 3.26% in the green at the time of closing.

^DFMGI^FADGIADX:ADPORTSDFM:GULFNAV

Asia Markets81d ago

US Equity Indexes Fall as Trump's Warnings to Resolve Iran Standoff Send Treasury Yields Sharply Higher

US equity indexes slid as the 30-year Treasury yield rose to a two-decade high amid bets favoring higher interest rates and President Donald Trump's threat to Iran that strikes will resume if talks with the Gulf nations fail to produce a framework for a peace deal.The Nasdaq Composite fell 0.8% to 25,870.71, with the S&P 500 down 0.7% to 7,353.61 and the Dow Jones Industrial Average lower by 0.7% to 49,363.88 at the close on Tuesday.Materials, communication services, and consumer discretionary led the decliners. Health care and energy were the top gainers.Most Treasury yields rose as investors looked for evidence of a rollback in Iran's nuclear ambitions in its ongoing talks with Gulf nations to agree on a framework for resuming peace negotiations with the US. The 30-year rate jumped 3.4 basis points to 5.18%, the strongest level since the global financial crisis, amid concern that a long, drawn-out war in Iran would further worsen inflation in the US. The 10-year climbed 4.2 basis points to 4.67%, the highest since January 2025.President Trump warned strikes would resume against Iran as part of a push for a deal to end the war, Bloomberg reported. "I hope we don't have to do the war, but we may have to give them another big hit," Trump told reporters on Tuesday, following previous comments that Iran cannot have nuclear weapons.Trump said Iran has "two or three days" to reach a deal to end the war or face renewed attacks, according to a report from Al Jazeera. An Iranian official said the US threat of a massive assault at any moment will be met "resolutely," and Iran is "prepared to confront any military aggression," the news report said.Tehran's latest peace proposal to the United States involves ending hostilities on all fronts, including Lebanon, the exit of US forces from areas close to Iran, and reparations for destruction caused by the US-Israeli war, The Times of Israel cited Iran state media on Tuesday. The terms as described in the Iranian reports appeared little changed from Iran's previous offer, which Trump rejected last week.In precious metals, gold futures fell 1.5% to $4,489.8, and silver futures dropped 4.2% to $74.19.West Texas Intermediate crude oil futures fell 0.8% to $107.77, and Brent crude futures declined 0.8% to $111.24.In economic news, Redbook US same-store sales rose by 8.1% from a year earlier in the week ended May 16 after a 9.6% year-over-year increase in the previous week."Coming off last-minute Mother's Day shopping on Sunday, sales and traffic slowed across the board in the middle of the week, but picked up during the weekend as graduation, BBQ season, and warm weather approached," Redbook noted.US pending home sales increased more than expected last month as home buyers apparently shrugged off mounting economic uncertainty. The forward-looking indicator of home sales based on contract signings increased 1.4% month over month in April, the National Association of Realtors said. Analysts expected a 1% gain, according to a Bloomberg-compiled survey.In company news, Alphabet's (GOOG, GOOGL) Google said Tuesday it introduced Gemini Spark, a 24/7 AI agent designed to handle and execute digital tasks and workflows, alongside other launches. The move comes amid a proliferation of AI models that is changing the tech landscape globally, including from Amazon.com (AMZN)-backed Anthropic.

Dow JonesNasdaq CompositeS&P 500$AMZN$GOOG$GOOGL

Asia Markets81d ago

US Equity Indexes Slide as Treasury Yields Surge Amid Trump's Warning to Iran in Event of No Peace Deal

US equity indexes fell after the 30-year Treasury yield hit its highest in just under two decades, while bets favoring interest rate increases jumped amid President Donald Trump's threat to resume strikes if Iran fails to reach a peace deal.The Nasdaq Composite fell 0.3% to 26,025.7, with the S&P 500 down 0.2% to 7,390.5 and the Dow Jones Industrial Average lower by 0.2% to 49,579.2 in midday trading on Tuesday.President Trump warned strikes would resume on Iran in the coming days as part of the push for a deal to end the war, after he said he had just called off a US attack, Bloomberg reported."I hope we don't have to do the war, but we may have to give them another big hit," Trump told reporters on Tuesday, referring to talks between the Gulf nations and Tehran to agree on a framework for resuming peace negotiations.When asked how long he would wait, he said: "Well, I mean, I'm saying two or three days, maybe Friday, Saturday, Sunday. Something maybe early next week - a limited period of time."The North Atlantic Treaty Organization is considering helping ships pass through the Strait of Hormuz if it doesn't get unblocked by early July, Bloomberg reported, citing a senior official in the military alliance. Several members of NATO support the idea, but it doesn't have the necessary unanimous support, the report said, citing a diplomat from a NATO country.US Treasury Secretary Scott Bessent called on world leaders at a G7 conference to help the US fight Iranian terrorism by "rooting out the financing that sustains it," CNBC reported.West Texas Intermediate crude oil futures rose 0.1% to $108.80, while Brent crude futures fell 1% to $111.03.US Treasury yields traded mixed, but elevated, as crude oil supply-shock-driven inflationary concerns boosted bets for interest rate increases from September onwards. The 30-year rate rose 2.2 basis points to 5.17%, the strongest level since 2007. The 10-year climbed three basis points to 4.65%, the highest since January 2025.The probability of a 25 basis-point increase in US interest rates in December was at 40% from 1% a month ago, according to the CME FedWatch tool midday Tuesday. The comparisons for September and October show a similar jump in rate-increase probabilities.In precious metals, gold futures fell 1% to $4,510.2, and silver futures dropped 3% to $75.11.In economic news, Redbook US same-store sales rose by 8.1% from a year earlier in the week ended May 16 after a 9.6% year-over-year increase in the previous week."Coming off last-minute Mother's Day shopping on Sunday, sales and traffic slowed across the board in the middle of the week, but picked up during the weekend as graduation, BBQ season, and warm weather approached," Redbook noted.US pending home sales increased more than expected last month as home buyers apparently shrugged off mounting economic uncertainty. The forward-looking indicator of home sales based on contract signings increased 1.4% month over month in April, the National Association of Realtors said. Analysts expected a 1% gain, according to a Bloomberg-compiled survey.

Dow JonesNasdaq CompositeS&P 500

Asia Markets81d ago

Exchange-Traded Funds Decline, US Equities Drop After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) shed 0.1%.US equity indexes fell in midday trading on Tuesday after the 30-year Treasury yield traded at its highest level in just under two decades and as the Iran standoff continued.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each rose about 0.8%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) added 0.3%; iShares US Technology ETF (IYW) advanced 0.1%, and iShares Expanded Tech Sector ETF (IGM) increased less than 0.1%.The State Street SPDR S&P Semiconductor (XSD) rose 2%, and iShares Semiconductor (SOXX) was up 1.7%.FinancialThe State Street Financial Select Sector SPDR (XLF) slipped 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) declined 1.3%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), climbed 1.3%.CommoditiesCrude oil fell less than 0.1%, and the United States Oil Fund (USO) added 1.7%. Natural gas gained 2.8%, and the United States Natural Gas Fund (UNG) was up 2.7%.Gold on Comex eased 1%, and the State Street SPDR Gold Shares (GLD) fell 1.1%. Silver dropped 2.8%, and iShares Silver Trust (SLV) lost 3.5%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) added 0.1%. The Vanguard Consumer Staples ETF (VDC) gained 0.3%, and iShares Dow Jones US Consumer Goods (IYK) was down 0.1%.The State Street Consumer Discretionary Select Sector SPDR (XLY) dipped 1.3%. VanEck Retail ETF (RTH) fell 0.4%, and the State Street SPDR S&P Retail (XRT) added 0.4%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) was up 1.2%, iShares US Healthcare (IYH) added 1%, and Vanguard Health Care ETF (VHT) rose 0.9%. IShares Biotechnology ETF (IBB) gained 0.5%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) fell 0.5%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also lower.CryptocurrencyIn midday activity, bitcoin (BTC-USD) shed 0.1%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) shed less than 0.1%, ProShares Ether ETF (EETH) was down 0.3%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.8% lower.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH

Asia Markets81d ago

Swiss Market Index Closes Higher; Sika, Aevis Victoria Shares Up

The Swiss Market Index remained in positive territory on Tuesday, closing 0.94% higher, amid a quiet day of local economic news.Swiss President Guy Parmelin met with German Chancellor Friedrich Merz in Berlin to further strengthen bilateral ties. Among the topics discussed were economic policy, research and innovation, and the European security architecture.Meanwhile, Switzerland and Luxembourg agreed to set up regular financial dialogue between the two countries as part of efforts to boost Europe's competitiveness in the financial sector.Zooming out to the UK, the unemployment rate unexpectedly came in at 5% in the three months to March, up from 4.9% in the three months to February.On the corporate side, Swiss investment company Aevis Victoria's (AEVS.SW) consolidated net revenue reached 299.1 million francs in the first quarter, up 1.8% year over year. Profit before taxes also rose to 21.5 million francs from 13.1 million francs. The stock added 1.14% at the end of the trading session.Sika (SIKA.SW) is expanding its production capacity in the US by opening a new manufacturing facility for mortar products in New Jersey to meet growing customer demand in major metropolitan areas. The Swiss specialty chemicals company's new site will offer mortar leveling and repairs, tile adhesives, and shotcrete systems. Sika's shares were up 0.36% at closing."Our new plant in Bridgeton is a strategic expansion of our production network in the USA and creates a solid basis for further growth in the northeastern part of the country. It enables us to quickly meet the growing demand from customers for our value-adding solutions and to further develop our presence in an economically strong region," said Mike Campion, Sika's regional manager for the Americas.

^SSMI$AEVS.SW$SIKA.SW

Asia Markets81d ago

DAX Index Up; Uniper Surges on Possible German Stake Cut

German shares gained on Tuesday, with the blue-chip DAX index up 0.38% at closing, while Uniper (UN0.F) rose on reports that the German government plans to reduce its ownership.Germany is looking to cut its 99.12% interest in the bailed-out energy company through a possible sale or public listing. The government published a legal notice in the Financial Times print edition on Tuesday, inviting interested buyers to submit letters of intent by June 12. Uniper gained 11.86% on Xetra.In an emailed statement to, Uniper Chief Executive Officer Michael Lewis said the company welcomed the finance ministry's announcement, adding that the German government will decide on the timing and form of the company's reprivatization.In other corporate updates, German stock exchange operator Deutsche Börse (DB1.F) climbed 0.59%, as BofA Global Research raised its price objective and earnings forecasts, noting core structural tailwinds are "intact" even as volume trends normalize."We reiterate our Buy rating with a [price objective] of EUR305/US$$35.47 (from EUR300/US$ $35.39) as we lift 2026-27E EPS 1% for the Q126 beat... plus higher [treasury result] where our economists no longer expect Fed rate cuts until H227. Overall, our 2026 total revenue and EBITDA estimates are in-line with company guidance, but slightly below ex-TR given pressure in ESG & Index which was flat YoY in Q126," BofA wrote.On the trade front, Bloomberg News reported that European Union officials are meeting within the day to finalize the legislative details of the US trade pact. The discussions follow a recent threat from President Donald Trump to raise auto import tariffs to 25% from 15% if the agreement is not implemented by July 4.Speaking of trade, the euro area recorded a trade surplus of 7.8 billion euros in March, following a revised trade surplus of 11.1 billion euros a month ago. Eurostat reported that exports of goods to the rest of the world declined by 5.5% year-over-year to 265.3 billion euros, while imports rose 4.4% to 257.4 billion euros.

^DAX$DB1.F$UN0.F

Asia Markets81d ago

UK Shares Close Flat Amid Softer Labor Market Data; IG Group Soars

London's FTSE 100 edged up 0.07% on Tuesday's closing as investors assessed Britain's cooling labor market data and the possibility of future Bank of England interest rate cuts.The unemployment rate edged up to 5% in the three months to March 2026, against market expectations that the jobless rate would align with 4.9% in the quarter to February 2026. Meanwhile, regular pay in the UK, excluding bonuses, gained 3.4% year over year in the quarter to March 2026 to 693 pounds sterling per week, representing the smallest pickup since the three months to October 2020."The latest UK jobs report, which features rising unemployment, sharply lower payrolls and tumbling wage growth, is a reminder that the economy is much less susceptible to 'second round' effects from the incoming energy shock. We're still forecasting a rate hike in June, but that is far from guaranteed," economic and financial analysis publication ING said, adding that a lot will also depend on the inflation report due Wednesday.In corporate news, IG Group (IGG.L) climbed 10.53% to the top of the blue-chip index after upgrading its 2026 forecast for organic total revenue growth to between 10% and 15%. The British derivatives trading company's first-quarter revenue grew to 339.9 million pounds sterling from 280 million pounds a year ago.Diploma (DPLM.L) also raised its expectations for fiscal 2026 after attributable profit and revenue for the first half ended March 31 rose year over year. The British distribution group, which closed 3.17% higher, declared a higher interim dividend."The recently upgraded FY guidance is upgraded again with DPLM now expecting FY organic growth of 12% (vs 9% previously), Acquisitions to date to add 6% to growth (vs 3% previously) with EBITA margins of c.25% (as previously). This should translate into EBITA growth of over 30% and DPLM believes it is a 6% upgrade to consensus. Overall, continued excellent execution and momentum in the existing business and scope for further M&A, although clearly the stock has had a strong run YTD," RBC Capital Markets said.

FTSE 100$DPLM.L$IGG.L

Asia Markets81d ago

European Stocks Rise in Tuesday Trading After Trump Calls Off Iran Strikes

The European stock markets were tracking higher in Tuesday trading after President Trump called off military strikes against Iran that had been planned for Wednesday.The Stoxx Europe was increasing 0.3%, Germany's DAX was rising 0.5%, the FTSE 100 was up 0.1%, France's CAC was edging 0.1% higher, and the Swiss Market Index was advancing 1.1%.And in corporate news, Stellantis said Tuesday it is planning to launch a project to develop small, affordable electric vehicles with manufacturing scheduled to begin in 2028 at the Pomigliano d'Arco facility in Italy.The models are designed for city-centric driving and will be produced specifically for the European market in collaboration with partners to develop the battery technologies to lower costs and accelerate the release timeline, the company said.Shares of the automaker were moving 0.2% lower in Paris.Lloyds Banking is preparing to expand its US infrastructure financing business, including lending tied to the fast-growing data center sector, the Financial Times reported Tuesday, citing people familiar with the matter.The UK lender is aiming to build a US infrastructure bank focused on large construction projects and sectors such as green energy, while supporting UK corporate clients with US operations, the report said.Shares of Lloyds were up 1% in London.ASML plans to begin receiving chip equipment made by its newest machines within months, Reuters quoted Chief Executive Christophe Fouquet as saying Tuesday.The tool will reduce costs for patterning or creating circuitry for advanced chips, Fouquet was quoted as saying at a conference in Belgium, the report said.ASML did not immediately reply to' request for comment.Shares of the Dutch semiconductor company were off 1.1% in Amsterdam.BP maintained the lockout at its Whiting refinery in Indiana after failing to reach a deal with the United Steelworkers, or USW, Local 7-1, the company said Monday.The parties held a meeting Monday and BP said "the union chose to leave the bargaining table without meaningfully engaging on the issues." The union requested to lift the lockout but "rejected and refused to negotiate" the company's last contract offer, according to the statement.Shares of the oil and gas giant were up 0.2% in London.ArcelorMittal priced the sale of about 23.9 million shares in Vallourec for gross proceeds of about $667 million, the company said Tuesday. The shares were sold at 24 euros ($27.92) per share through an accelerated bookbuilding process to institutional investors, ArcelorMittal said.ArcelorMittal will retain a 17.3% stake in Vallourec after the transaction's settlement on or around Thursday.Shares of the steel and mining company were falling 2.6% in Paris.

Asia Markets81d ago

European Equities Traded in the US as American Depositary Receipts Trend Lower in Tuesday Trading

European equities traded in the US as American depositary receipts were trending lower late Tuesday morning, declining 0.3% to 1,824.16 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by software firm SAP (SAP) and internet advertising company Criteo (CRTO), which advanced 5.3% and 3.6% respectively. They were followed by biopharmaceutical company argenx (ARGX) and petroleum refiner Equinor (EQNR), which rose 2.1% and 1.3% respectively.The decliners from continental Europe were led by semiconductor company Sequans Communications (SQNS) and telecommunications company Nokia (NOK), which dropped 3.5% and 2.7% respectively. They were followed by biopharmaceutical company Cellectis (CLLS) and medical device maker EDAP TMS (EDAP), which were off 2.6% and 1.6% respectively.The gainers from the UK were led by biopharmaceutical companies Akari Therapeutics (AKTX) and NuCana (NCNA), which were up 4.9% and 3.5% respectively. They were followed bybiopharmaceutical company Biodexa Pharmaceuticals (BDRX) and medical device company Smith & Nephew (SNN), which were up 3.1% and 2.6% respectively.The decliners from the UK and Ireland were led by biotech firm Autolus Therapeutics (AUTL), which fell 8%, followed by mining company BHP Group (BHP) and pharmaceutical company Silence Therapeutics (SLN), which lost 3% and 0.6% respectively.

$AKTX$ARGX$AUTL$BDRX$BHP$CLLS$CRTO$EDAP$EQNR$NCNA$NOK$SAP$SLN$SNN$SQNS

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Asia Markets81d ago

US Equity Indexes Fall as Trump's Warnings to Resolve Iran Standoff Send Treasury Yields Sharply Higher

Dow JonesNasdaq CompositeS&P 500$AMZN$GOOG$GOOGL