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World shares mostly higher as Trump's new tariffs approach
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....orld shares mostly higher as Trump's new tariffs approach<BR>PTI News<BR>Dated:- 9-7-2025<BR>PTI<BR>New York, Jul 9 (AP) World shares mostly climbed on Wednesday, following a choppy trading day on Wall Street as the Trump administration seeks to win more favourable trade deals with nations around the globe. In early trading, major indexes in Europe were all higher. Germany's DAX added 0.7 per ce....
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....nt to 24,373.05. Britain's FTSE 100 edged 0.1 per cent higher to 8,861.90. France's CAC 40 rose 0.8 per cent to 7,829.04. The futures for the S&P 500 and the Dow Jones Industrial Average were both 0.1 per cent higher. In Asia, Japan's Nikkei 225 closed 0.3 per cent higher to 39,821.28, while South Korea's Kospi added 0.6 per cent to 3,133.74 as Tokyo and Seoul work on a trade deal with the US ....
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....before higher tariffs announced by Washington take effect on August 1. “Sectoral carve-outs remain the thorniest terrain," Stephen Innes of SPI Asset Management wrote in a commentary, adding that Korea and Japan are likely seeking relief for their car and steel exports. "But Washington is unlikely to bend,” he warned. Meanwhile, Chinese markets were lower. Hong Kong's Hang Seng index fell ....
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....1.1 per cent to 23,892.32, while the Shanghai Composite index edged down 0.1 per cent to 3,493.05. Lynn Song, ING's chief economist for greater China, said in a commentary that deflationary pressures remain despite China's June consumer price index inflation returning to positive territory for the first time since January, beating market expectations. Inflation rose to 0.1 per cent year on year ....
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....from -0 per cent year on year in May, according to data released on Wednesday. Australia's S&P/ASX 200 slipped 0.6 per cent to 8,538.60. India's BSE Sensex edged 0.1 per cent higher to 83,722.05. Mizuho Bank said the tariff deadlines distract from "far more consequential, and expedient, sectoral tariffs, which arguably reverberate across global industrial eco-systems” and that the US aims to....
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.... isolate China from trade partners, supply chains and markets. “The real danger is underestimating the fallout when (rather than if) China hits back" against the US and countries it perceives as aligned with the US, the bank wrote. On Wall Street on Tuesday, the S&P 500 slipped 0.1 per cent a day after posting its biggest loss since mid-June. The benchmark index remains near its all-time hig....
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....h set last week. The Dow Jones Industrial Average gave back 0.4 per cent. The Nasdaq composite eked out a gain of less than 0.1 per cent, staying near its own record high. The sluggish trading came as the market was coming off a broad sell-off following the Trump administration's decision to impose new import tariffs on more than a dozen nations, which are set to go into effect next month. I....
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....n other dealings on Wednesday, benchmark US crude gained 51 cents to USD 68.84 per barrel, while Brent crude, the international standard, added 49 cents to USD 70.64 per barrel. The dollar was trading at 146.62 Japanese yen, up from 146.54 yen. The euro edged lower to USD 1.1716 from USD 1.1729. (AP) GRS GRS<BR> News - Press release - PIB....