NEW YORK, (MILLAT/APP/AFP) – Wall Street stocks hit records again Friday after President Trump’s promise to announce action soon on tax cuts revived hopes for US growth policies under the new president. European markets also finished modestly higher, while the Nikkei in Tokyo piled on 2.5 percent on a lower yen. At a meeting Thursday […]
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Stocks shine on Trump tax cut pledge
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European stock markets climb at open
LONDON, (MILLAT/APP/AFP) – Europe’s main stock markets rose at the start of trade on Friday, with London’s benchmark FTSE 100 index up 0.5 percent to 7,262.54 points. In the eurozone, Frankfurt’s DAX 30 also gained 0.5 percent to 11,698.70 points and the Paris CAC 40 added 0.3 percent to 4,842.91 compared with the finish on […]
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China exports rose 7.9% on-year in January: Customs
BEIJING, (MILLAT/APP/AFP) – China’s exports soared a forecast-beating 7.9 percent in January, official data showed Friday, a positive sign for the world’s second largest economy and top trading power. The strong figures come as the country tries to position itself as a leader of the global trade regime in anticipation of a US retreat under […]
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Hong Kong stocks end morning higher
HONG KONG, (Millat + APP/AFP) – Hong Kong stocks extended their gains to a third day Friday as traders welcomed Donald Trump’s promise to provide details of his tax-cut plans while Chinese trade data beat expectations. The Hang Seng Index rose 0.55 percent, or 130.14 points, to 23,655.28. And the benchmark Shanghai Composite Index rose […]
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Dollar, Asia markets rally on Trump tax plan promise
HONG KONG, (Millat + APP/AFP) – The dollar extended a rally on Friday after Donald Trump said he would release details of a “phenomenal” tax-cut plan, sending Asian stock markets soaring on hopes it will ramp up the US economy. Japan’s Nikkei index led the regional advance, piling on more than two percent, as the […]
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Hong Kong stocks rally at open on Trump tax promise
HONG KONG, (Millat + APP/AFP) – Hong Kong shares extended their gains into a third day Friday as investors gave a thumbs-up to Donald Trump’s promise to release details of his tax-cut plans, fuelling hopes for a boost to the US economy. The Hang Seng Index added 0.51 percent, or 120.76 points, to 23645.90.