News
Important Only
USDCAD collapses to fresh 2025 lows sub-1.3800
The US Dollar (USD) plummeted during European trading hours on Friday, on news indicating China announced additional tariffs on the United States (US). On Thursday, the White House confirmed tariffs on China of 145%, higher than the 125% previously estimated.
Fxstreet
Fri, Apr 11
BlackRock profit falls on declining fee income
April 11 (Reuters) - BlackRock BLK.N posted a drop in first-quarter profit on Friday as the world's largest asset manager took a hit from weakness in equity markets following uncertainty around U.S. tariffs. The company's net income came in at $1.51 billion, or $9.64 per share, for the three...Reuters
Fri, Apr 11
China: What will it take to achieve the growth target? – Standard Chartered
The current US tariff rate will drag China’s GDP growth lower by c.1.8ppt. Any further increases in tariffs are likely to have little impact on China’s growth. Another CNY 1.5-2.0tn of fiscal support is needed, supported by moderately loose monetary policy, Standard Chartered's economists report.Fxstreet
Fri, Apr 11
UK economy beats forecasts in February but Trump tariffs threaten future growth
February's month-on-month GDP growth of 0.5% beats all forecastsLittle reaction from sterling, UK braced for Trump tariff impactJanuary revised up from small contraction to zero growthUK trade deficit lowest since July 2021 as exports to US riseBy David Milliken and Suban AbdullaLONDON, April 11...Reuters
Fri, Apr 11
Tariffs to have 'catastrophic impact' on developing countries, worse than foreign aid cuts, says UN trade agency
GENEVA, April 11 (Reuters) - "Reciprocal tariffs" and countermeasures could have a catastrophic impact, even worse than foreign aid cuts, on developing countries, the director of the United Nation's trade agency told Reuters on Friday. Global trade could shrink by 3-7% and global GDP by ...Reuters
Fri, Apr 11
If talks with US do not work, EU ready to respond, German finmin says
BERLIN, April 11 (Reuters) - The United States must know that if negotiations with the European Union do not work, the bloc will be ready to respond, German Finance Minister Joerg Kukies said on Friday. "The U.S. side has to be aware that if negotiations do not work, then we will have another...Reuters
Fri, Apr 11
Stellantis' first-quarter shipments fall 9% to 1.2 million vehicles
MILAN, April 11 (Reuters) - Stellantis' STLAM.MI global shipments fell 9% year-on-year in the first quarter to an estimated 1.2 million vehicles, it said on Friday, after a 12% drop in 2024.The world's fourth-largest automaker said the first-quarter drop primarily reflected lower North Ameri...Reuters
Fri, Apr 11
