Reported 9 days ago
A recent fleeting rise in the stock market occurred when speculation arose that President Trump might pause his tariff rollout for 90 days. However, the administration quickly clarified that no delay would happen, leading to a swift end to the market bounce. Analysts suggest that a change in U.S. tariff policy is necessary for stability in equity prices, yet the unpredictable economic landscape makes forecasting challenging for investors.
Source: YAHOO
Reported 9 days ago
Goldman Sachs has indicated that under extreme conditions, such as a global GDP slowdown and a full reversal of OPEC+ production cuts, Brent crude oil prices could potentially drop below $40 a barrel by late 2026. This outlook follows recent declines in oil forecasts fueled by escalating trade tensions, particularly from the Trump administration, as well as increasing supplies. Currently, Goldman predicts Brent to be at $55 by December 2025.
Source: YAHOO
Reported 9 days ago
Two prominent Chinese bloggers have outlined a series of retaliatory measures in response to recent tariff threats from U.S. President Donald Trump. Proposed actions include increased tariffs on American agricultural products, a ban on U.S. poultry imports, and restrictions on U.S. films. These measures, shared by influential figures from China’s state media, indicate a firm stance from Chinese authorities following Trump’s announcement of potential 50% import taxes unless China ceases retaliatory actions.
Source: YAHOO
Reported 9 days ago
China's stock market made a notable recovery following a significant selloff, supported by state-linked funds and central bank intervention. The Hang Seng China Enterprises Index rose by 2.3%, while the CSI 300 Index gained 1.7%. Measures such as stock purchases from state-backed investors, buybacks from companies, and regulatory easing were implemented to stabilize the market amidst ongoing trade tensions with the US.
Source: YAHOO
Reported 9 days ago
U.S. stocks rallied on Tuesday after a tumultuous trading day on Monday, fueled by optimism over U.S.-Japan tariff negotiations and rebounds in technology shares. The Dow Jones, S&P 500, and Nasdaq all surged, with notable gains from companies like Nvidia and Tesla. While fears of a trade war linger, investors are returning to the market, prompted by signals of potential trade agreements amid persistent tariff threats from President Trump against China.
Source: YAHOO
Reported 9 days ago
President Donald Trump has announced a defense budget near $1 trillion, emphasizing the need for a strong military amidst global threats. During a meeting with Israeli Prime Minister Benjamin Netanyahu, Trump stated that his administration aims to approve the largest military budget in history. Defense Secretary Pete Hegseth supported this claim on social media, highlighting efforts to rebuild the military quickly. However, the budget for fiscal year 2026 has yet to be released, as the government is currently under a temporary funding measure.
Source: YAHOO
Reported 9 days ago
EU Commission President Ursula von der Leyen urged China to seek a negotiated resolution to challenges posed by U.S. tariffs, emphasizing the importance of a fair and free trading system. In her call with China's Premier Li Qiang, she highlighted the need for both Europe and China to monitor trade diversions resulting from these tariffs, as there are concerns that China might shift low-cost exports from the U.S. to Europe.
Source: YAHOO
Reported 9 days ago
The US Supreme Court has granted President Trump permission to use a wartime law to deport alleged Venezuelan gang members, creating a significant precedent on the limits of presidential powers. In a divided vote of 5-4, the court overturned a lower court's decision that halted deportations under the Alien Enemies Act. Trump praised the ruling while dissenting justices voiced concerns over due process and the swift deportation of individuals without fair hearings. The ruling stipulates that detainees must challenge their deportation in the jurisdiction where they are held.
Source: YAHOO
Reported 9 days ago
Chinese agricultural stocks experienced a significant surge on Tuesday, as investors speculated that new U.S. tariffs would reduce agricultural imports and benefit domestic producers. Notable companies like Dabeinong Tech and Wens Foodstuff saw their shares increase sharply, even as broader markets struggled due to escalating trade tensions. This trend follows China's announcement of a long-term strategy to enhance domestic agriculture, aiming for increased self-sufficiency amidst ongoing rivalry with the U.S.
Source: YAHOO
Reported 9 days ago
Japanese shares experienced a significant rebound following a call between Prime Minister Shigeru Ishiba and US President Donald Trump, which raised hopes for a potential tariff deal. The broader Topix index rose 6.3% while the Nikkei 225 increased by 6%, marking the largest gains since August. This surge was fueled by optimism surrounding trade negotiations that could alleviate an impending 24% import levy, despite a decline of over 7% in both indexes since the tariffs were first announced. The weaker yen and strong performance from exporters also contributed to the rally.
Source: YAHOO
Reported 9 days ago
US markets experienced a chaotic aftermath following President Trump's announcement of significant tariff increases, with the S&P 500 recording a dramatic drop of over 10% in just three days. Trump's plans to impose tariffs on 185 countries, including major trading partners, have not only led to a near bear market but also caused oil prices to plunge and major stocks to lose substantial market value. Global markets, including Japan's Nikkei index, have similarly suffered, reflecting widespread investor concern about potential recession and ongoing trade tensions.
Source: YAHOO
Reported 9 days ago
According to Morgan Stanley, global hedge funds experienced significant losses as markets fell sharply following President Trump's tariff announcements. The S&P 500 and FTSE dropped over 10% and 6% respectively, leading to a decline in net leverage among funds, which fell to about 37%. The market turbulence, driven by fears of a trade war with China, has prompted hedge funds to adopt a more conservative stance, anticipating continued volatility in risk assets.
Source: YAHOO
Reported 9 days ago
Elon Musk, CEO of Tesla, made unsuccessful direct appeals to President Trump over the weekend to reverse new tariffs set on imports, as reported by the Washington Post. This high-profile clash comes as Tesla faces a significant drop in quarterly sales and shares, amidst concerns that the tariffs could negatively impact the economy and inflate costs for U.S. families.
Source: YAHOO
Reported 9 days ago
Japan's Nikkei 225 stock index has risen by 6% as market volatility eases in the aftermath of tariff announcements from Trump.
Source: YAHOO
Reported 9 days ago
Goldman Sachs forecasts that Brent crude prices could reach $62 per barrel and WTI prices $58 by December 2025, depending on U.S. economic conditions and OPEC+ supply levels. If the U.S. faces a recession, Brent might drop to $58 by December 2025 and $50 by December 2026. The firm revises its forecasts amidst heightened recession risks and potential increases in OPEC+ output, suggesting oil prices could fall significantly under adverse scenarios.
Source: YAHOO
Reported 9 days ago
Pirelli's ability to invest in the United States is being hampered by its major shareholder, China's state-owned Sinochem, according to Marco Tronchetti Provera, the company's executive vice chairman. Conflicts between Chinese and Italian shareholders regarding governance are complicating negotiations with local authorities in states like Alabama and Virginia, especially amid US restrictions on Chinese technology in the automotive sector. Tronchetti expressed hope for an agreement with Sinochem to address these concerns, emphasizing the importance of operating competitively in the US market.
Source: YAHOO
Reported 9 days ago
Gold has surged past $3,000 an ounce, drawing parallels to the 1980 price spikes driven by political and economic unrest. However, analysts suggest this rally may be more sustainable due to ongoing geopolitical tensions and a breakdown of international cooperation, particularly regarding trade disputes. Unlike the rapid resolutions seen in previous crises, the current scenario suggests prolonged high prices for gold as it becomes a preferred asset for investors amidst uncertainties.
Source: YAHOO
Reported 9 days ago
World shares and U.S. futures have risen, primarily driven by a more than 6% increase in Tokyo's Nikkei 225, following a period of market stabilization after recent tariff hikes by President Donald Trump.
Source: YAHOO
Reported 9 days ago
Former Japanese currency diplomat Naoyuki Shinohara stated that any attempt by the Trump administration to achieve a coordinated depreciation of the dollar akin to the 1985 Plaza Accord is unlikely to succeed without the cooperation of China and Europe. As Trump's recent actions have alienated these key players, Shinohara emphasized the need for international collaboration in a globalized market, stating that the effectiveness of coordinated currency intervention has diminished and that Japan’s heavy reliance on U.S. exports could exacerbate potential economic damages.
Source: YAHOO
Reported 9 days ago
European investors are recovering from a significant stock market drop with futures indicating a potential rebound, while trade tensions persist as President Trump threatens additional tariffs on China. Despite Wall Street's recent volatility, Japan's stock market shows resilience, starkly contrasting with struggles faced by other Asian markets due to high tariffs, particularly impacting Taiwan and Indonesia. Various economic officials will be making significant speeches that could further influence market sentiment.
Source: YAHOO
Reported 9 days ago
A misleading post on social media regarding a supposed '90-day pause in tariffs' caused significant fluctuations in the stock market, illustrating the impact of unverified information. Initially stemming from comments made by National Economic Council Director Kevin Hassett, the rumor circulated rapidly, leading to confusion among investors and financial news outlets. Despite the White House's prompt denial, the erroneous news had already influenced trading behavior, underscoring the importance of accurate reporting in financial contexts.
Source: YAHOO
Reported 9 days ago
Fast-fashion retailer Shein is reportedly facing pressure from the Chinese government to avoid shifting production out of the country. China's Ministry of Commerce has advised Shein and other firms against diversifying their supply chains, particularly in light of impending tariffs announced by the U.S. government. This move reflects China's attempt to retain manufacturing within its borders amidst escalating trade tensions.
Source: YAHOO
Reported 9 days ago
Recent fluctuations in the U.S. stock market, driven by President Trump's sweeping tariffs, have intensified fears amongst investors about a potential global trade war and declining corporate profits. The S&P 500 experienced significant drops, leading strategists to predict possible declines of up to 50% from its peak. Analysts have presented various bearish scenarios, suggesting that stocks could retreat further due to moderating valuations and expected earnings cuts, with some predicting a challenging economic landscape ahead.
Source: YAHOO
Reported 9 days ago
Chinese buyers of liquefied natural gas (LNG) are increasingly reselling U.S. cargoes as tariffs imposed by Beijing significantly raise import costs. Following a series of retaliatory tariffs between China and the U.S., there is a notable trend where Chinese firms opt to redirect U.S. LNG to Europe due to more favorable price differentials. With new supply contracts and weak domestic demand anticipated, this shift is likely to accelerate, impacting the global LNG market.
Source: YAHOO
Reported 9 days ago
Japan experienced a significant surge in bankruptcy filings, totaling 10,144 in fiscal year 2024, marking the highest number in 11 years, according to Tokyo Shoko Research. This 12% increase compared to the previous year was driven by uncertainties surrounding the Bank of Japan's interest rate adjustments, with most industries seeing a rise in bankruptcies, except for finance and transportation. Notably, the overall debt in these bankruptcies decreased, highlighting a trend of smaller firms facing insolvency.
Source: YAHOO