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    Home»Trending News»US stocks hit record on US-China trade progress
    Trending News

    US stocks hit record on US-China trade progress

    The Daily FuseBy The Daily FuseJune 27, 2025No Comments2 Mins Read
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    US stocks hit record on US-China trade progress
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    EUROPEAN AND ASIAN MARKETS

    European inventory markets additionally rose, with the Paris CAC 40 main the way in which, boosted by an increase in luxurious shares.

    Merchants disregarded knowledge exhibiting that inflation edged up in France and Spain in June, even because it added to hypothesis that the European Central Financial institution would possibly pause its rate of interest reduce cycle.

    In Asia, Tokyo rallied multiple per cent to interrupt 40,000 factors for the primary time since January, whereas Hong Kong and Shanghai equities closed decrease.

    WEAKER DOLLAR

    The greenback held round three-year lows on Friday as merchants wager on US rate of interest cuts, particularly after Trump hinted at changing Fed chief Jerome Powell.

    The prospect of decrease borrowing prices despatched the Greenback Index, which compares the buck to a basket of main currencies, to its lowest stage since March 2022.

    Weak financial knowledge on Thursday, exhibiting that the world’s prime financial system contracted greater than beforehand estimated within the first quarter and softer client spending, additional fuelled price reduce expectations.

    KEY FIGURES AT AROUND 1530 GMT

    New York – Dow: UP 0.9 per cent at 43,783.12 factors

    New York – S&P 500: UP 0.6 per cent at 6,177.84

    New York – Nasdaq Composite: UP 0.6 per cent at 20,280.39

    London – FTSE 100: UP 0.7 per cent at 8,798.91 (shut)

    Paris – CAC 40: UP 1.8 per cent at 7,691.55 (shut)

    Frankfurt – DAX: UP 1.6 per cent at 24,033.22 (shut)

    Tokyo – Nikkei 225: UP 1.4 per cent at 40,150.79 (shut)

    Hong Kong – Cling Seng Index: DOWN 0.2 per cent at 24,284.15 (shut)

    Shanghai – Composite: DOWN 0.7 per cent at 3,424.23 (shut)

    Euro/greenback: UP at US$1.1714 from US$1.1701 on Thursday

    Pound/greenback: DOWN at US$1.3713 from US$1.3725

    Greenback/yen: UP at 144.81 yen from 144.44 yen

    Euro/pound: UP at 85.43 pence from 85.22 pence

    West Texas Intermediate: UP 1.1 per cent at US$65.96 per barrel

    Brent North Sea Crude: UP 0.7 per cent at US$67.17 per barrel



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