Stocks slip, dollar droops as trade, geopolitical tensions weigh
By Ankur Banerjee and Johann M Cherian
SINGAPORE (Reuters) -Global stocks and the dollar slipped on Thursday as investors sized up a benign U.S. inflation report and the fragile trade truce between Washington and Beijing, while rising tensions in the Middle East and lingering tariff anxiety dented risk sentiment.
Attention in financial markets this week has been on the U.S.-China trade talks which culminated in a framework agreement that would remove Chinese export restrictions on rare earth minerals and allow Chinese students access to U.S. universities.
"We made a great deal with China. We're very happy with it," said U.S. President Donald Trump. Markets though were guarded in their response, awaiting fuller, concrete details of the agreement and remained wary of another flare up.
Trump also said the U.S. would send out letters in one to two weeks outlining the terms of trade deals to dozens of other countries, which they could embrace or reject, adding yet another dose of uncertainty in the markets.
"The U.S. China deal really just leaves the tariffs in place after they've been cut back following the Geneva meeting, so it doesn't really change things," said Shane Oliver, head of investment strategy and chief economist at AMP Capital.
"Ultimately the trade tension is yet to be resolved between the U.S. and China."
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.3% lower in early trading after hitting a three year-high on Wednesday. Japan's Nikkei slipped 0.7%, while U.S. and European stock futures fell.
China's blue-chip stock index fell 0.37%, moving off the near three-week top it touched in the previous session. Hong Kong's Hang Seng index was down 0.74%, also inching away from Wednesday's three-month high.
Trump's erratic tariff policies have roiled global markets this year, prompting hordes of investors to exit U.S. assets, especially the dollar, as they worried about rising prices and slowing economic growth.
The euro, one of the beneficiaries of the dollar's decline, rose to a seven-week high and was last at $1.1512. The Japanese yen was 0.4% firmer at 144.03 per dollar.
That pushed the dollar index, which measures the U.S. currency against six other key rivals, to its lowest level since April 22. The index is down 9% this year. [FRX/]
Data on Wednesday showed U.S. consumer prices increased less than expected in May as cheaper gasoline partially offset higher rents, but inflation is expected to accelerate in the coming months on the back of the Trump administration's import tariffs.
The soft inflation report led Trump to renew his call for the Federal Reserve to push through a major rate cut. The president has been pressing for rate cuts for some time even as Fed officials have shrugged off his comments.
Traders are pricing in a 70% chance of a quarter-point reduction in the Fed policy rate by September. Policymakers are widely expected to keep rates unchanged next week. [0#USDIRPR]
AMP's Oliver said the higher prices will flow through either in the form of higher inflation or lower profit margins.
"I suspect it's probably going to be a combination of the two. Therefore it makes sense for the Fed to wait and see what happens rather than rushing into a rate cut."
In commodities, oil prices were pinned at two-month highs, close to $70 a barrel, on worries of supply disruptions in the Middle East after Iran said it will strike U.S. bases in the region if nuclear talks fail and conflict arises with Washington. [O/R]
Gold prices also got a boost from safe-haven flows, with spot gold up 0.5% at $3,370.29. [GOL/]
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
11 minutes ago
- Associated Press
What Happens When Strangers from 96 Countries Share a Home in Japan
TOKYO, JAPAN, June 23, 2025 / / -- An Inside Look at One of Japan's Most International Co-Living Networks Living abroad for the first time often brings various challenges, particularly in countries where language and housing systems differ significantly from those in one's home country. In Japan, these challenges are well-known, especially for international residents unfamiliar with the language or culture. OAKHOUSE, one of Japan's largest co-living providers, offers a housing option that appeals to those navigating this unfamiliar environment. Founded in 1992, the company manages over 4,800 rooms across more than 200 properties in Tokyo, Osaka, Kyoto, and other cities. OAKHOUSE provides a wide range of options, from dormitory-style accommodations to private studio units, but it is the resident community that defines the company's distinctive character. Diverse, International Resident Base According to internal data, approximately 66% of OAKHOUSE residents are non-Japanese, representing 96 different nationalities. Among these, residents from France and the United States are among the largest foreign groups, alongside individuals from other European and Asian countries. Such international representation is rare in the Japanese housing market, where foreigners often encounter high entry barriers, including complex rental contracts, language limitations, and the need for a Japanese guarantor. OAKHOUSE has developed systems that reduce these burdens and encourage broader participation. Mr. Katayama of the Sales Promotion Department, who has played a central role in developing OAKHOUSE's co-living concept, explains that the company emphasizes daily communication and exchange among residents. 'We operate with the philosophy of 'enjoy living'. More than 300 resident events are organized annually to encourage interaction.' Resident Demographics The majority of residents are in their 20s or 30s, with those aged 25–29 comprising the largest age group at 26%. The community also includes a range of older residents, including individuals in their 60s and 70s. For example, one current resident teaches at a famous university in Tokyo, while another previously worked as an executive at a global technology company. Occupational backgrounds vary widely. Many residents are full-time employees, students attending language schools or universities, part-time workers, freelancers, and individuals on short-term work contracts. This broad range of experiences reflects the flexibility and accessibility of the co-living model that OAKHOUSE has cultivated. English-Friendly, Multilingual Living In many OAKHOUSE properties, English serves as a common language, allowing communication among residents from different countries. While Japanese remains the primary language in formal contexts, English is frequently used in communal spaces such as kitchens and lounges. Staff members are generally able to assist in English, and residents often participate in informal language exchange sessions or cultural events. These interactions promote not only communication, but also community building across diverse backgrounds. An Accessible Option for Foreign Residents Compared to conventional rental systems in Japan — which may involve high deposits, complex paperwork, and long-term commitments — OAKHOUSE offers a simplified process. Contracts are designed to be flexible, and in many cases, new residents are able to move in within just a few days. Although co-living may not be suitable for every individual, the model is increasingly appealing to those seeking a more social, international, and adaptable living environment. For many, this housing option has provided more than just a place to stay — it has served as a starting point for building a life in Japan with a supportive community. Nayun Choi OAKHOUSE Co., Ltd. email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
11 minutes ago
- Yahoo
EUWAX's (FRA:EUX) Dividend Will Be €3.26
EUWAX Aktiengesellschaft (FRA:EUX) will pay a dividend of €3.26 on the 1st of August. Based on this payment, the dividend yield on the company's stock will be 9.0%, which is an attractive boost to shareholder returns. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. Before making this announcement, the company's dividend was much higher than its earnings. It will be difficult to sustain this level of payout so we wouldn't be confident about this continuing. Earnings per share could rise by 6.8% over the next year if things go the same way as they have for the last few years. If the dividend continues on its recent course, the payout ratio in 12 months could be 271%, which is a bit high and could start applying pressure to the balance sheet. See our latest analysis for EUWAX While the company has been paying a dividend for a long time, it has cut the dividend at least once in the last 10 years. There hasn't been much of a change in the dividend over the last 10 years. It's encouraging to see some dividend growth, but the dividend has been cut at least once, and the size of the cut would eliminate most of the growth anyway, which makes this less attractive as an income investment. With a relatively unstable dividend, it's even more important to evaluate if earnings per share is growing, which could point to a growing dividend in the future. We are encouraged to see that EUWAX has grown earnings per share at 6.8% per year over the past five years. However, the payout ratio is very high, not leaving much room for growth of the dividend in the future. Overall, we don't think this company makes a great dividend stock, even though the dividend wasn't cut this year. The payments are bit high to be considered sustainable, and the track record isn't the best. We would be a touch cautious of relying on this stock primarily for the dividend income. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out 2 warning signs for EUWAX that investors should take into consideration. Is EUWAX not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Associated Press
11 minutes ago
- Associated Press
World Football Summit comes to Hong Kong as it's first-ever edition in the city
World Football Summit gathers Cannavaro, Ferdinand, Terry and other icons of the beautiful game to prove Asia's potential in its first event in the city. HONG KONG, HONG KONG, June 23, 2025 / / -- The future of football is being written in Asia. It starts in Hong Kong. World Football Summit (WFS) is set to redefine the global football landscape with its inaugural Hong Kong summit on September 2nd-4th, marking a pivotal moment where technology, culture, and strategic vision converge at the heart of Asia's football revolution. As the Asian football market surges to a remarkable USD 7.187 billion, with digital engagement breaking records and investment opportunities expanding, this summit represents a critical junction in the sport's global narrative. The Asian Football Confederation has witnessed a 20% growth in digital followers, with website page views exploding by 258%—a testament to a market on the brink of unprecedented transformation. 'Our Hong Kong summit transcends a traditional conference,' explains Jan Alessie, Co-founder and Managing Director at World Football Summit. 'We're creating a global platform where football's most innovative minds will explore how East and West can reshape the beautiful game's future.' The inaugural WFS Hong Kong, proudly supported by the Hong Kong Tourism Board, is designed to provide a platform where football legends meet tech innovators. Where East meets West. Where digital transformation isn't just discussed—it's demonstrated. Part of the lineup reads like a football hall of fame, given the caliber of the legends that have confirmed their participation so far. ● Rio Ferdinand, Manchester United legend ● Fabio Cannavaro, 2006 Ballon d'Or winner, member of the 2006 WC winning team ● John Terry, Chelsea FC legend ● Romy Gai, Chief Commercial Officer, FIFA ● Javier Zanetti, Inter Milan Vice President and legend ● Carles Puyol, Barcelona legend and member of the 2010 World Cup winning team ● Davor Suker, former Croatian FA President, 1998 WC Golden Boot ● Fabio Capello, former football coach and player ● Pierluigi Collina, former famous referee and Chairman at FIFA Referee Committee In addition to these global football icons, prominent local leaders will also be taking part in the event. These include: ● Dr. Allan Zeman, Chairman of Lan Kwai Fong Group ● John Sharkey, CEO of Kai Tak Sports Park ● Crystal Wong, Vice President – Asset Management at K11 Concepts Limited The full lineup of speakers will dive deep into the most critical questions facing football: How do digital technologies redefine fan experiences? What are the new investment models in sports? Hong Kong: a new hub for sports development? The general summit themes are razor-sharp: ● Fan Engagement in the Digital Age ● Football's Cultural Crossroads ● East and West: Reimagining Football Relationships ● Digital Transformation and Innovation 'Hong Kong represents a unique gateway between global football markets,' added Filipe Gonçalves, Chairman at Asia Partners IFBD, WFS strategic partner in Asia. 'This summit is not just an event—it's a strategic bridge connecting diverse football ecosystems, positioning Asia at the forefront of the sport's next evolution.' From broadcasting innovations to sustainable business models, from talent development to cross-continental investments, the WFS Hong Kong summit will provide an unparalleled platform for connection, insight, and strategic thinking. With an expected attendance of over 4,000 international industry professionals, more than 50 exhibitors and over 100 speakers, the event promises to be a defining moment in football's global evolution. A dedicated fan zone will transform the event from a conference into a celebration. Interactive experiences, egaming, football skills competitions, classic memorabilia—this is where strategy meets passion. Global football summit brought to Hong Kong for the first time, proudly supported by the Hong Kong Tourism Board World Football Summit Hong Kong 2025 is proudly supported by the Hong Kong Tourism Board. With the tremendous support, WFS is aimed to elevate the city's positioning as a premier destination for global sports business and innovation. By supporting WFS, the Hong Kong Tourism Board reaffirms its commitment to attracting world- class international events and leveraging the power of football to enhance the city's global appeal, economic development, and regional influence within the Greater Bay Area. This partnership highlights the shared vision of making Hong Kong a central hub for the future of the sports industry in Asia and beyond. Event Details: ● Date: 2nd-4th September,2025 ● Location: AsiaWorld-Expo, HongKong ● Focus: Connecting the global football ecosystem ● Expected Attendance: 4,000+ international professionals The future of football is being written. Will you read it or write it? Contact and media accreditation: Jaime Domínguez - Communications Director, World Football Summit [email protected] Marta Lop - Marketing Director APAC, World Football Summit [email protected] About World Football Summit World Football Summit is a leading international organization for the football industry. Through its platform, we organize events across four continents that bring together key stakeholders from the ecosystem, fostering business opportunities, collaboration, and innovation in the sector. Thousands of professionals representing companies and institutions from around the world actively engage with WFS. About Asia Partners IFBD Asia Partners IFBD is a premier investment IP company specialising in the sports sector. We focus on investing in innovative intellectual property (IP) concepts and collaborating with top- tier players in the industry. Our extensive network and expertise allow us to work alongside the best football players and organizations. Enrique Vega WORLD FOOTBALL SUMMIT [email protected] Visit us on social media: LinkedIn Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
