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PRECIOUS-Gold rebounds on dip buying; US-China trade talks in focus

Trump says China tariffs will likely come down from 145%Trump, Starmer hail limited US-UK trade deal, but 10% US duties remainSeveral Fed officials scheduled to speak later in the dayBy Anushree Mukherjee May 9 (Reuters) - Gold firmed on Friday on dip-buying after prices dropped earlier in the se...
Fri, May 9

[Reuters Analysis] U.S. equity underperformance won’t take a summer holiday: Pelosky

May 9 - The first 100 days of Trump 2.0 are in the history books, and the U.S. has gone from leader to laggard in record time, with U.S. equities now significantly underperforming their global peers after a volatile month.
Fri, May 9

Japan's 10-year bond yield hits near one-month high amid trade talk optimism

TOKYO, May 9 (Reuters) - Japan's 10-year government bond yield hit near a one-month high as optimism on global trade talks lifted appetite for risk-friendly assets, and prompted investors to sell safe-haven bonds.
Fri, May 9

US tariffs, Europe slowdown reshape global solar panels trade

SINGAPORE, May 7 (Reuters) - Solar panel makers in Laos and Indonesia, mostly owned by Chinese firms, boosted their share in the U.S. market after steep tariffs hit exports from other Southeast Asian countries including Cambodia and Thailand, trade data showed.
Fri, May 9

[Reuters Analysis] Scarred UK assets soothed by US trade pact, BoE rate cuts

LONDON, May 9 (Reuters) - Investors are betting on long-depressed UK markets as a U.S. trade deal, rate cuts and hopes for renewed links with Europe spur optimism for a revival as they search for alternatives to a volatile Wall Street and flailing dollar.
Fri, May 9

Nvidia modifies H20 chip for China to overcome US export controls, sources say

BEIJING, May 9 (Reuters) - Nvidia NVDA.O plans to release a downgraded version of its H20 artificial intelligence chip for China in the next two months, following U.S. export restrictions on the original model, three sources familiar with the matter told Reuters.
Fri, May 9

Japan's Nikkei hits more than one-month high on optimism around trade talks

TOKYO, May 9 (Reuters) - Japan's Nikkei share average hit a more than one-month high on Friday, as risk appetite was lifted by hopes of progress in U.S. trade talks and domestic firms' better-than-expected outlook.The Nikkei .N225 rose 1.49% to 37,478.58 by the midday break, its highest leve...
Fri, May 9

China's first four-month steel exports at record high despite tariff turmoil

BEIJING, May 9 (Reuters) - China's steel exports in April topped 10 million metric tons for a second straight month bringing the total in the first four months to a record high, underpinned by front-loaded shipments ahead of U.S. President Donald Trump's hefty tariffs.
Fri, May 9

Trump renews criticism of Fed's Powell for not cutting rates

WASHINGTON, May 8 (Reuters) - U.S. President Donald Trump renewed his criticism on Thursday of Federal Reserve Chairman Jerome Powell, complaining that the Fed is refusing to lower interest rates.Trump said cutting interest rates would be "like jet fuel" for the economy "but he doesn'...
Fri, May 9

Gold falls more than 1% after Trump announces UK trade deal

May 8 (Reuters) - Gold extended losses and fell more than 1% on Thursday after U.S. President Donald Trump announced a trade deal with the United Kingdom, raising hopes of such deals with other countries.
Fri, May 9

What's in the US-UK economic deal?

LONDON/WASHINGTON, May 8 (Reuters) - The United States and Britain announced a deal to lower tariffs on some goods on Thursday, with U.S. levies on cars and steel being cut and both sides gaining better access to agriculture markets. Below are some of the main points from the agreement:BASIC 10% TAR
Fri, May 9

Equities rise with dollar, bond yields on trade optimism after US-UK deal

NEW YORK/LONDON, May 8 (Reuters) - Global equities were slightly higher on Thursday, with Wall Street outperforming, while the dollar and Treasury yields also gained after the United States and United Kingdom outlined a trade deal, fueling hopes for compromises with other countries.
Fri, May 9

Oil prices rise 3% on support from US-China trade hopes

Crude prices supported by impending US-China talksBrent prices could drop to $50 if US-Iran deal occurs - CitiTrump heralds 'breakthrough' deal with UKBy Stephanie Kelly NEW YORK, May 8 (Reuters) - Oil prices rose around 3% on Thursday, buoyed by hopes of a breakthrough in looming trade t...
Thu, May 8

Pound, UK stocks take some heart from US/UK trade deal

UK big cap stocks slip after US-UK trade dealUS, UK agree on trade terms for autos, metals, pharma among others10% tariff on UK exports to the US remainsSterling lifted earlier by surprise BoE vote on rates By Amanda Cooper and Samuel Indyk LONDON, May 8 (Reuters) - The pound edged up on Thursday...
Thu, May 8

Burger King-parent Restaurant Brands' quarterly results miss on weak demand

Quarterly comparable sales at Tim Hortons, Burger King declineRising commodity prices increase Restaurant Brands' supply chain costsTim Hortons sales dip despite 'Buy Canadian movement' expectations, analyst saysBy Anuja Bharat Mistry May 8 (Reuters) - Restaurant Brands QSR.N QSR.TO m...
Thu, May 8

US weekly jobless claims fall more than expected

WASHINGTON, May 8 (Reuters) - The number of Americans filing new applications for unemployment benefits fell more than expected last week, suggesting the labor market continued to chug along, though risks are mounting from tariffs.
Thu, May 8

Euro zone bonds little changed after BoE, UK yields rise

May 8 (Reuters) - Euro zone government bond yields edged a touch higher on Thursday, roughly unchanged after the Bank of England after cut rates and suggested it needed to adjust policy gradually.UK gilt yields rose, with the policy-rate sensitive 2-year GB2YT=RR up 7 basis points (bps) at 3.88%...
Thu, May 8

Gold falls as Trump signals potential trade deal with Britain

May 8 (Reuters) - Gold prices fell on Thursday, reversing earlier gains, as U.S. President Donald Trump hinted at a potential trade deal with Britain, easing trade tensions and reducing the precious metal's appeal as a safe-haven investment.
Thu, May 8

Sterling rises even as BoE cuts rates, Britain poised for US trade deal

LONDON, May 8 (Reuters) - The pound rose on Thursday, after the Bank of England delivered a widely expected cut to interest rates, just as Britain was poised to strike a deal with the United States on trade.The BoE cut its main rate by a quarter point to 4.25%, despite an unexpected three-way...
Thu, May 8

Hong Kong central bank keeps key rate unchanged, tracking Fed move

HONG KONG, May 8 (Reuters) - The Hong Kong Monetary Authority (HKMA) left its base rate charged through the overnight discount window unchanged at 4.75% on Thursday, tracking a move by the U.S. Federal Reserve to keep rates steady.
Thu, May 8
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