Asia FX flat amid tariff, rate jitters; dollar steady before CPI data
Most Asian currencies moved little on Wednesday as traders remained on edge over increased U.S. trade tariffs under President Donald Trump, while the dollar steadied ahead of key inflation data. Regional currencies were also pressured by comments from Federal Reserve Chair Jerome Powell that the central bank was in no hurry to cut…
US stock futures dip as Trump signs tariff orders; inflation data in focus
U.S. stock index futures fell on Monday evening as President Donald Trump signed executive orders imposing tariffs on major metal imports, while caution before key inflation data also weighed. Futures fell after a positive session on Wall Street, as investors engaged in some dip-buying from last week’s losses. Heavyweight technology stocks were the…
Trump to announce 25% steel and aluminum tariffs in latest trade escalation
ABOARD AIR FORCE ONE (Reuters) – U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul. Trump, speaking to reporters on Air Force One on his…
Stock market today: S&P 500 closes higher in whipsaw session as jobs report looms
The S&P 500 closed higher for third-straight day on Thursday, but investors had to contend with stocks swinging between gains and losses intraday on a deluge of corporate earnings and economic data ahead of the crucial monthly jobs report due Friday. At 4:00 p.m. ET (21:00 GMT), the S&P 500 index rose 0.3%,…
Asia chip stocks track Nvidia rally on AI capex bets; Chinese chipmakers surge
Asian chipmaking stocks rose on Thursday, tracking an overnight rally in market darling Nvidia as forecasts of high capital spending on artificial intelligence from Wall Street’s biggest firms stood to underpin chip demand. In China, major chipmaking stocks extended a recent rally as the recent release of DeepSeek R1 spurred increased optimism over…
US stock index futures dip as Alphabet earnings underwhelm
U.S. stock index futures fell on Tuesday evening, pressured chiefly by losses in technology stocks as underwhelming earnings from Google owner Alphabet raised more questions about artificial intelligence demand. Futures retreated after a positive session on Wall Street, as investors were relieved by President Donald Trump postponing plans to impose steep trade tariffs…
US stock futures jump as Trump delays Canada, Mexico tariffs
U.S. stock index futures rose sharply on Monday evening, with Wall Street set to rebound from recent losses after President Donald Trump delayed plans to impose trade tariffs on Canada and Mexico. Futures surged after Wall Street ended above session lows on Monday, as investors were relieved by Trump agreeing to delay 25%…
Asia FX slumps as dollar rallies on Trump tariffs; yuan near record low
Asian currencies weakened sharply on Monday, with the Chinese yuan nearing a record low in offshore trade as the dollar rallied after U.S. President Donald Trump delivered on his threat of more trade tariffs. Regional currencies were caught in a global sell-off in risk-driven assets after Trump over the weekend announced 25% import…
Gold prices hit record peak on safe-haven demand amid Trump tariff threats
Gold prices were largely steady in Asian trading on Friday, but were at a record peak after jumping in the previous session amid uncertainty around U.S. tariffs, while investors cautiously awaited a key U.S. inflation report. Spot Gold was largely unchanged after hitting a record high of $2,799.60 per ounce, while Gold Futures…
US dollar firms against peers after Fed holds rates steady
The U.S. dollar was firmer against major currencies on Wednesday after the Federal Reserve left interest rates unchanged as widely expected but gave scant clues about further reductions in borrowing costs this year. Fed officials made a unanimous decision to keep the overnight interest rate in the current 4.25%-4.50% range, putting the central…
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