Bangkok — BANGKOK (AP) — Stocks in Europe and Asia were mostly higher Tuesday, with Japan’s index approaching the symbolically important 50,000-point mark as lawmakers grew more conservative. Sanae Takaishi She became the country’s first female prime minister.
Germany’s DAX index fell 0.1% to 24,228.07, while the CAC 40 index in Paris rose 0.1% to 8,214.58. The British FTSE 100 index rose 0.2% to 9,422.48 points.
S futures contracts&The P 500 and Dow Jones Industrial Average fell 0.1%.
Tokyo’s Nikkei 225 earlier gave up bigger gains after Takaishi won a vote in Japan’s parliament, rising just 0.3% to 49,316.06. It is expected to support Market friendly policies Such as lower interest rates and increased government spending.
US The dollar rose to 151.78 Japanese yen from 150.75 yen. If Takaishi had her way in slowing down With interest rates increased by the Bank of Japan, the yen may remain relatively weak against the dollar. This would hamper the central bank’s efforts to curb inflation, which now stands above its target rate of about 2%.
Hong Kong’s Hang Seng added 0.7% to 26,027.55 and the Shanghai Composite Index rose 1.4% to 3,916.33.
Expectations of that US President Donald Trump Trump is scheduled to meet with Chinese President Xi Jinping later this month during a regional summit, raising hopes for an easing of trade tensions between the world’s two largest economies.
Chinese Communist Party leaders are meeting this week to develop a political blueprint for the next five years, but the results of those closed-door talks are likely to emerge in the coming weeks and months.
In South Korea, the Kospi rose 0.2% to 3,823.84, while the S Index in Australia rose 0.2% to 3,823.84 points.&The P/ASX 200 rose 0.7% to 9,094.70.
Taiwan’s TAEX index rose 0.2%.
US stocks rose to record highs on Monday.
S&The P 500 rose 1.1%, down 0.3%. All-time highs Set earlier this month. The Dow Jones Industrial Average jumped 1.1% and the Nasdaq Composite Index jumped 1.4%.
Apple shares rose 3.9% to its highest record level amid optimism about demand for its latest iPhone design. It was the strongest force lifting S&p. 500.
Cleveland-Cliffs shares jumped 21.5% after the steel company’s CEO, Lourenco Goncalves, said it would provide details soon about a potential deal with a major global steel producer that could mean greater profits. He also said his company has found signs of rare earths at sites in Michigan and Minnesota.
Such materials have caught the global spotlight after China recently introduced them Export restrictions on their own rare earths, a move Trump described as hostile. Trump And the subsequent threat to impose higher customs duties antiquities Huge volatility for Wall StreetBut fears calmed down a bit after Trump said the high tax rates on Chinese imports are so high Unsustainable.
Amazon stock held up though Widespread outage Because of its cloud computing service, which caused disruption to Internet users around the world on Monday. Amazon shares rose 1.6%.
This week features a slew of big names announcing their latest quarterly results, including Coca-Cola on Tuesday, Tesla on Wednesday, and Procter & Gambling on Friday.
Companies are under pressure to show that their profits are growing after S stock’s sharp 35% rise&P 500 from the April low. Companies are facing pressure to improve their profitability to address concerns That stock prices have skyrocketed.
Corporate earnings reports have also gained importance because they provide details about the strength of the US economy and when US government shutdown He’s late Important economic updates. This makes the Fed’s job more difficult as it tries to decide whether or not to do so High inflation or Labor market slowdown It is the biggest issue for the economy.
In other trading early Tuesday, the price of U.S. crude oil rose 20 cents to $57.22 a barrel. Brent crude, the international standard, rose 21 cents to $61.22 a barrel.
The euro fell to $1.1624 from $1.1641.