Trump said ’doing fine’ with China, has no plans to fire Powell
U.S. President Donald Trump delivered remarks on the state of trade relations with China and other countries Tuesday, emphasizing the positive impact of tariffs on the American economy and outlining his administration’s approach to international trade deals. Trump highlighted the reduction of trade deficits and the revenue generated from tariffs on imported automobiles,…
US stock futures rise after Trump remarks rattle Wall St; tech earnings due
U.S. stock index futures rose in early Asian trade on Tuesday, recovering some ground from a sharp fall on Wall Street as President Donald Trump’s fresh attack on Federal Reserve Chair Jerome Powell battered sentiment. Investors remained on edge amid uncertainty over Trump’s plans for steep trade tariffs, even as his administration flagged…
China CPI, PPI inflation fall more than expected in March as US trade war heats up
Chinese consumer inflation shrank more than expected in March, reflecting some headwinds for local spending from a steadily escalating trade war with the U.S., while producer inflation also declined. Consumer prince index inflation fell 0.1% year-on-year in March, government data showed on Thursday. The reading was worse than expectations that inflation would remain…
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…
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