Australia consumer sentiment hits 6-mth low in April on US tariff worries- Westpac
Australian consumer sentiment fell to a six-month low in early April, as rising global trade tensions and fading optimism over domestic interest rate cuts weighed on household confidence, a private survey showed on Tuesday, The Westpac-Melbourne Institute consumer sentiment index slumped 6% in April to 90.1 from 95.9 in March. The index had…
Black Monday or Face Ripping Rally?
Following last week’s unprecedented two-day bloodbath in stocks post-tariffs, investors are extremely nervous going into Monday’s opening of trading. Some see signs of a 1987 Black Monday type event, while others see the easy trade as higher on hopes that President Trump will announce a delay in reciprocal tariffs or some “grand deal.”…
Oil prices extend steep declines as OPEC+ output hike, Trump tariffs weigh
Oil prices extended losses in Asian trading on Friday after tumbling over 6% in the previous session, as OPEC+ agreed to speed up output increases, while U.S. President Donald Trump’s sweeping tariffs further eroded market sentiment. As of 21:33 ET (01:33 GMT), Brent Oil Futures expiring in June fell 0.4% to $69.84 per…
Trump unveils sweeping tariffs on all imports and higher levies on “bad actors”
President Donald Trump said Wednesday the United States will impose reciprocal tariffs of at least 10% on all imported goods, with higher reciprocal rates for some nations that will be equivalent to “half” of the rate they levy on U.S. exports. “I will sign a historic executive order instituting reciprocal tariffs on countries…
Stock market day: S&P 500 closes higher as tech glows ahead of Trump tariffs
The S&P 500 climbed Tuesday after cutting come losses as tech jumped despite cautious sentiment on risk assets ahead of President Donald Trump’s April 2 tariff announcements. At 4:00 p.m. ET, the Dow Jones Industrial Average fell 11 points, or 0.03%, the S&P 500 index traded up 0.4%, and the NASDAQ Composite rose…
BOJ top economist Nakamura appointed as executive director overseeing policy
The Bank of Japan’s top economist, Koji Nakamura, was named new executive director overseeing monetary policy and financial markets on Tuesday, the central bank said in a statement. Nakamura succeeds Takeshi Kato, whose four-year term as one of the BOJ’s six executive directors expired on Monday. Aside from a one-year stint heading the…
Trump weighs broader, higher tariffs as ‘liberation day’ approaches- WSJ
U.S. President Donald Trump’s administration is considering higher trade tariffs on a broader set of countries when he unveils his plans for reciprocal tariffs on April 2, the Wall Street Journal reported on Sunday. Trump had initially downplayed his plans for reciprocal tariffs being imposed on April 2, a date he has constantly…
US stock futures drift lower as Trump tariff fears weigh; PCE data awaited
U.S. stock index futures fell slightly on Thursday evening as risk appetite remained fragile in the face of President Donald Trump’s trade tariffs, with focus turning to key upcoming inflation data. Futures weakened after a negative session on Wall Street, as Trump imposed 25% tariffs on automobile imports and threatened even more duties…
Trump announces 25% tariffs on foreign-made vehicles
U.S. President Donald Trump said he will impose a 25% tariff on all foreign-made cars and light trucks on April 2, as he gears up to widen his tariff agenda on key industries and trading partners. Shares of major U.S.-listed automakers slumped after Trump’s comments, while Wall Street also retreated. “What we’re going…
Asia stocks rise on China stimulus cheer; tariff, recession jitters persist
Asian stocks rose on Monday tracking optimism over the Chinese economy after Beijing outlined targeted measures to boost spending, although persistent concerns over a U.S.-led trade war kept gains limited. Regional markets also took a positive lead-in from a Friday rebound on Wall Street, although the rebound appeared to have petered out with…
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