News
Important Only
INSTANT VIEW-Global stocks, and yields, plunge as Trump tariffs fan trade war fears
April 3 (Reuters) - World markets were slammed on Thursday by U.S. President Donald Trump's unveiling of reciprocal tariffs to match duties put on U.S. goods by other countries. Stock markets tumbled and investors dashed to the relative safety of bonds, gold and the yen. The S&P 500 .SPX...Reuters
Thu, Apr 3
A $2,300 Apple iPhone? Trump tariffs could make that happen
Tariffs could increase iPhone prices by up to 43% - Rosenblatt SecuritiesSamsung may gain advantage due to lower tariffs on South KoreaApple shares closed down 9.3% on ThursdayBy Akash Sriram April 3 (Reuters) - Your favorite iPhone could soon become much pricier, thanks to tariffs. U.S. Presiden...Reuters
Thu, Apr 3
Fed's Cook says time for patience on policy amid inflation risks
Fed's Cook says economic outlook is very uncertainFed's Cook says now time for Fed to watch dataCook worries inflation risks skewed to upside on tariffsCook watching for signs tariffs driving persistent inflation gainsBy Michael S. Derby April 3 (Reuters) - Federal Reserve Governor Lisa C...Reuters
Thu, Apr 3
TREASURIES-US yields tumble as Trump tariffs spark safe haven flight
Trump's tariffs stoke recession fears, impacting global marketsYields on U.S. Treasuries drop significantly amid economic concernsGauge of U.S. services sector hits nine-month lowBy Chuck Mikolajczak NEW YORK, April 3 (Reuters) - U.S. Treasury yields plunged on Thursday, after U.S. President ...Reuters
Thu, Apr 3
Fed's Cook expects inflation progress to stall after tariffs
Federal Reserve (Fed) Board of Governors member Lisa Cook joined the ever-growing number of central policy planners on Thursday to caution that tariffs are likely to push the Fed further away from rate cuts instead of closer as inflation risks climb.Fxstreet
Thu, Apr 3
Forex Today: Powell and the US NFP will be in the limelight
The Greenback tumbled to multi-month lows as market participants digested President Trump’s newly announced reciprocal tariffs, all against a backdrop of sharp losses in global stock markets and escalating concerns over a global trade war.Fxstreet
Thu, Apr 3
INSTANT VIEW-Global stocks, and yields, nosedive as Trump tariffs fan trade war fears
April 3 (Reuters) - World markets were left reeling on Thursday after U.S. President Donald Trump unveiled reciprocal tariffs to match duties put on U.S. goods by other countries. Stock markets tumbled and investors dashed to the relative safety of bonds, gold and the yen. The S&P 500 .SPX d...Reuters
Thu, Apr 3
Fed's Cook says, amid high uncertainty, time for Fed to watch data
Fed's Cook says economic outlook is very uncertainFed's Cook says now time for Fed to watch dataCook worries inflation risks skewed to upside on tariffsCook watching for signs tariffs driving persistent inflation gainsBy Michael S. Derby April 3 (Reuters) - Federal Reserve Governor Lisa C...Reuters
Thu, Apr 3
With tariff details in hand, Fed now has to weigh inflation risks against blow to growth
Tariff clarity arrives with a bang for Fed officialsTrump levies are a 'recession-producing turn,' economist saysRisk of both inflation and output slowdown blurs rate outlookBy Howard Schneider WASHINGTON, April 3 (Reuters) - U.S. Federal Reserve officials who have said they needed more d...Reuters
Thu, Apr 3
Fed's Jefferson says no hurry to adjust rates, need time to assess impact of tariffs
Jefferson declines to say how Trump tariffs affect his outlookHe says policy uncertainty can weigh on consumer, business sentimentJefferson says Fed policymakers need to take their time in assessing tariffs' impact April 3 (Reuters) - Federal Reserve Vice Chair Philip Jefferson on Thursday sa...Reuters
Thu, Apr 3
Fed's Jefferson: still substantial uncertainty on trade policy, need time to assess
April 3 (Reuters) - Federal Reserve Vice Chair Philip Jefferson on Thursday declined to offer any specifics about how the Trump administration's sweeping tariffs announced on Wednesday affect his outlook for the economy and monetary policy, though he appeared to signal some worry about its poten...Reuters
Thu, Apr 3
INSTANT VIEW-Global stocks, and yields, nosedive as Trump tariffs fan trade war fears
April 3 (Reuters) - World markets were left reeling on Thursday after U.S. President Donald Trump unveiled reciprocal tariffs to match duties put on U.S. goods by other countries. Stock markets tumbled and investors dashed to the relative safety of bonds, gold and the yen. The S&P 500 .SPX a...Reuters
Thu, Apr 3
WRAPUP 2-US economy slowing heading into tariffs turbulence
Services PMI falls to nine-month low in MarchInput prices still elevated; services employment shrinksWeekly jobless claims fall 6,000 to 219,000Continuing claims increase 56,000 to 1.903 million Trade deficit narrows in February; imports remain highBy Lucia Mutikani WASHINGTON, April 3 (Reuters) ...Reuters
Thu, Apr 3
Fitch Ratings warns of lower growth, higher inflation, and less Fed rate cuts in 2025
The Fitch Ratings agency downgraded its expectations for US Gross Domestic Product (GDP) growth in 2025 on Thursday, specifically highlighting that the Trump administration's "Liberation Day" tariff announcement poses a direct risk to US economic health.Fxstreet
Thu, Apr 3
Canadian PM Carney throws down the gauntlet on US tariffs
Newly-minted Canadian Prime Minister Mark Carney struck back against US President Donald Trump's sweeping tariff package on Thursday, detailing Canadian retaliation measures that will serve as a thermometer to see how well the US has been complying with its own USMCA (nee NAFTA) deal restrictions.Fxstreet
Thu, Apr 3
Fed's Jefferson in no hurry to adjust rates, policy well-positioned
April 3 (Reuters - Federal Reserve Vice Chair Philip Jefferson on Thursday said that with the U.S. economy in solid shape, tariffs already pushing upward on goods inflation, and higher than usual uncertainty over the outlook, he is inclined to leave the policy rate at its currently modestly restrict...Reuters
Thu, Apr 3
Will Trump tariffs make Apple iPhones more expensive?
Tariffs could increase iPhone prices by up to 43% - Rosenblatt SecuritiesSamsung may gain advantage due to lower tariffs on South KoreaApple shares drop over 8% after tariff announcementBy Akash Sriram April 3 (Reuters) - Your favorite iPhone could soon become pricier, thanks to tariffs. U.S. Pre...Reuters
Thu, Apr 3
Euro zone yields fall, markets boost bets on ECB rate cuts after US tariffs
Markets briefly increase bets on ECB rate cuts on US tariff fearsGerman 10-year yield hit one-month lowGrowth risks are in focus, but uncertainty about inflationUBS expects White House's authority to be challenged in courtsBy Stefano Rebaudo April 3 (Reuters) - Euro area government bond yield...Reuters
Thu, Apr 3
INSTANT VIEW-Global stocks, and yields, nosedive as Trump tariffs fan trade war fears
April 3 (Reuters) - World markets were left reeling on Thursday after U.S. President Donald Trump unveiled reciprocal tariffs to match duties put on U.S. goods by other countries. Stock markets tumbled and investors dashed to the relative safety of bonds, gold and the yen. The S&P 500 .SPX a...Reuters
Thu, Apr 3
