US stock futures steady as Trump tariff decisions approach
U.S. stock index futures were largely unchanged on Sunday evening following sharp monthly declines on Wall Street, as investor sentiment remained cautious amid soon-to-be-imposed tariffs. Market participants also analyzed last week’s data revealing a moderate increase in inflation alongside weakening consumer sentiment, creating a nuanced and uncertain outlook for the Federal Reserve’s future…
South Korea exports likely rose in February as extra working days mask trade war hit: Reuters poll
South Korea’s exports are estimated to have risen in February, a Reuters poll showed, but the return to growth was largely due to more working days in the month and economists said the country’s trade momentum was weakening amid a global tariff war. Outbound shipments from Asia’s fourth-largest economy are projected to have…
Microsoft urges easing of AI chip sales restrictions to global partners, WSJ reports
Microsoft (NASDAQ:MSFT) is urging the Trump administration to simplify a new system that would limit the sales of advanced U.S. artificial intelligence (AI) chips globally, the Wall Street Journal reported on Thursday. The company plans to make this call in a blog post scheduled to be released on Thursday, the report said. The…
Trump threatens tariffs on copper, says production should return to the US
U.S. President Donald Trump said on Tuesday that he was looking into imposing import tariffs on copper over allegedly unfair trade practices, and that production of the red metal should return to America. Trump signed an executive order instructing the Secretary of Commerce and the United States Trade Representative to “study copper imports,”…
Japan trading houses shares surge after Buffett flags investment plans
Shares of Japan’s five biggest trading houses rose sharply on Tuesday after billionaire investor Warren Buffett signaled that Berkshire Hathaway (NYSE:BRKa) will likely increase its holdings in the companies. Itochu Corp. (TYO:8001), Mitsui & Co., Ltd. (TYO:8031), Sumitomo, Mitsubishi Corp. (TYO:8058) and Marubeni Corp. (TYO:8002) rose between 2% and 7% in Tokyo trade,…
German business morale stagnates in February ahead of election
Business morale in Germany unexpectedly stagnated in February, a survey showed on Monday, dealing a tough hand to a future government after Sunday’s election in which parties promised to lift Europe’s top economy out of a perpetual downturn. The Ifo institute said its business climate index remained flat at 85.2 in February after…
BOJ ready to increase bond buying if yields jump, says governor Ueda
Bank of Japan Governor Kazuo Ueda said on Friday the central bank stands ready to increase government bond buying if long-term interest rates rise sharply. Ueda said the BOJ’s basic stance was to allow market forces to determine long-term interest rate levels, saying he would not comment on where yields would eventually converge.…
Oil prices dip as US crude inventories jump; Russia-Ukraine peace talks weigh
Oil prices fell in Asian trading on Thursday after a one-week high, dragged by an unexpected increase in {{8849|U.S. crcrude oil inventories and ongoing geopolitical developments concerning potential peace negotiations between Russia and Ukraine. Brent Oil Futures fell 0.3% to $75.83 per barrel as of 20:53 ET (01:53 GMT), while Crude Oil WTI…
Dollar firms on Ukraine tensions, kiwi slumps as RBNZ slashes rates
TOKYO (Reuters) -The U.S. dollar held firm on Wednesday on the back of tariff concerns and tense Russia-Ukraine negotiations, while the New Zealand dollar slid after the central bank delivered a super-sized interest rate cut. The Reserve Bank of New Zealand reduced its benchmark rate by 50 basis points to 3.75% on Wednesday…
Fed’s Waller sees Trump tariffs having limited impact on inflation
Federal Reserve Governor Christopher Waller said on Tuesday that he expects trade tariffs under President Donald Trump as having only a limited impact on inflation, and that the central bank should not stall in adjusting policy. Speaking at an event in Australia, Waller said his “baseline” view was that “any imposition of tariffs…
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