Global Markets Mixed Amid Strong Corporate Earnings In US
Most Asian markets were lower, as Europe closed on a mixed note and rally continued on the Wall St
Global Markets Mixed Amid Strong Corporate Earnings In US
Tokyo: World shares were mixed on Wednesday as strong corporate profits were offset by uncertainty over President Donald Trump’s trade war. The Eurozone logged 0.4 per cent growth in the first quarter of the year, stronger than in the last quarter of 2024. But the outlook has been dimmed by higher tariffs on exports from the 20-nation region using the euro.
Germany’s DAX gained 0.4 per cent to 22,531.16 after the country’s centre-left Social Democrats voted to approve a coalition agreement. The vote’s results announced Wednesday pave the way to elect Friedrich Merz as the new German chancellor. In Paris, the CAC 40 also rose 0.4 per cent, to 7,586.37, while Britain’s FTSE 100 was little changed at 8,465.95. The future for the S&P 500 edged 0.1 per cent lower while that for the Dow Jones Industrial Average was up 0.1 per cent.
In Asian trading, Tokyo’s Nikkei 225 index climbed 0.6 per cent to 36,045.38. Japanese automakers’ shares were mixed even after Trump signed an order relaxing some US tariffs on imports of autos and auto parts. Shares in Toyota Motor Corp lost 1.6 per cent while Honda Motor Co gained 0.4 per cent.
