Asian stock markets opened with modest gains today, April 29, 2025, reflecting investor caution ahead of a week packed with corporate earnings reports and major economic data releases. The regional index rose by 0.2%, with advances noted in Hong Kong and Australia. However, concerns over the impacts of U.S. tariffs and the pace of China’s economic stimulus measures kept overall sentiment subdued.
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In India, the benchmark indices showed a positive start. The Nifty 50 rose by 1.20% to 24,328.50, while the Sensex gained 1.27% to close at 80,218.37. This uptick was supported by sustained foreign institutional investments, marking the longest buying spree in nearly two years.
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Meanwhile, European markets closed higher on Monday, with the STOXX 600 index ending 0.5% up, marking its fifth consecutive session of gains. Investors remained optimistic about potential easing in U.S.-China trade tensions and awaited key economic data and earnings reports.
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In the United States, the stock market has seen significant volatility. A JPMorgan survey shows that 93% of investors expect the S&P 500 to stay at or below 6,000 over the next year, with concerns over President Trump’s protectionist policies contributing to fears of recession and stagflation.
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The recent wave of new tariffs led to a substantial market downturn, with U.S. stock markets losing more than $3 trillion in value shortly after the announcements.
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As the week progresses, market participants will closely monitor corporate earnings, economic indicators, and geopolitical developments to assess the global financial outlook.
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