Stock market today: Global benchmarks trade mixed as investors continue to eye Trump
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Hey there, time traveller!
This article was published 16/02/2025 (296 days ago), so information in it may no longer be current.
TOKYO (AP) — Global shares traded mixed on Monday as investors continued to watch economic data and policy moves from U.S. President Donald Trump, as both are likely to impact upcoming central bank moves.
France’s CAC 40 dipped nearly 0.1% in early trading to 8,171.59, while Germany’s DAX added 0.4% to 22,560.00. Britain’s FTSE 100 edged up 0.1% to 8,742.97.
U.S. markets will be closed on Monday for a holiday.
In Asia, Japan’s benchmark Nikkei 225 rose in early trading after the Cabinet Office reported that the economy grew at a better-than-expected annual rate of 2.8% in October-December, underlined by steady exports and moderate consumption. But the benchmark quickly fell back and then recovered to be little changed, finishing up less than 0.1% at 39,174.25.
On a quarter-to-quarter basis, the world’s fourth-largest economy grew 0.7% for its third straight quarter of growth. Japan marked its fourth straight year of expansion, eking out 0.1% growth last year in seasonally adjusted real gross domestic product, which measures the value of a nation’s products and services.
In other regional markets, Australia’s S&P/ASX 200 slipped 0.2% to 8,537.10. South Korea’s Kospi surged 0.8% to 2,610.42. Hong Kong’s Hang Seng reversed course, to slip less than 0.1% to 22,616.23, while the Shanghai Composite added 0.3% to 3,355.83.
Markets around the world are nervously watching what upward pressure may come from tariffs that Trump has announced recently. But analysts now think Trump may ultimately avoid triggering a punishing global trade war.
His most recent tariff announcement, for example, won’t take full effect for at least several weeks. That leaves time for Washington and other countries to negotiate.
The Federal Reserve’s goal, as well as that of the Bank of Japan, is to keep inflation at 2%.
In energy trading, benchmark U.S. crude added 28 cents to $71.02 a barrel. Brent crude, the international standard, rose 34 cents to $75.08 a barrel.
In currency trading, the U.S. dollar declined to 151.90 Japanese yen from 152.25 yen. The euro cost $1.0472, down from $1.0495.
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AP Business Writer Stan Choe in New York contributed to this report.