News
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ECB Accounts: Uncertainty calls for caution in policy-setting and in communication
The accounts of the European Central Bank's (ECB) March policy meeting showed on Thursday that likely shocks are on the horizon, including from escalating trade tensions, and uncertainty more generally, per Reuters.Fxstreet
Thu, Apr 3
US Dollar hit hard as markets digest Trump’s tariff announcement
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is having a really bad day, trading at levels not seen since early October around 101.800 and correcting near 1.80% at the time of writing on Thursday.Fxstreet
Thu, Apr 3
China urges US to immediately lift tariffs, vows retaliation
China vows countermeasures if US doesn't immediately cancel latest tariffsTrump announces new 34% tariffs on Chinese goodsChina least affected by new US tariffs, says analystBy Joe Cash, Xiuhao Chen and Liz Lee BEIJING, April 3 (Reuters) - China on Thursday urged the United States to immediat...Reuters
Thu, Apr 3
Export-reliant central Europe weighs repercussions of Trump tariffs
Central Europe among EU's most trade-reliant regionsTariffs could dent region's growth prospects, S&P saysPoland, Czechs say ready to retaliate against tariffsTrump-supporter Hungary blames EU officials for falloutBy Jason Hovet and Gergely Szakacs PRAGUE/BUDAPEST, April 3 (Reuters) -...Reuters
Thu, Apr 3
Tiny Australian outposts, including some with no people, targeted by Trump tariffs
Norfolk Island hit with 29% tariffs US data shows it has had trade deficits with island for past 3 yearsIsland's main industry is tourism, some of its business owners sayTariffs of 10% levied on uninhabited Heard and McDonald IslandsBy Byron Kaye and Christine ChenSYDNEY, April 3 (Reuters) - Aus...Reuters
Thu, Apr 3
QUOTES-Executives, trade and labour associations on Trump's reciprocal tariffs
April 3 (Reuters) - President Donald Trump said on Wednesday he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners, a move that could escalate a trade war and upend the global economy.Trading partners are exp...Reuters
Thu, Apr 3
US announced job cuts surge in March on Doge hit, recruitment firm Challenger says
Planned layoffs increase 60% to 275,240 in MarchFirst-quarter announced job cuts highest since 2009Federal government accounts for bulk of planned cuts WASHINGTON, April 3 (Reuters) - Layoffs announced by U.S. employers surged in March to the highest level since the pandemic recession as the gove...Reuters
Thu, Apr 3
Russia, Cuba and North Korea escape worst of Trump's tariff wrath
Trump imposes tariffs on allies and foesRussia, Belarus, Cuba and North Korea off 'reciprocal' listUS says it does hardly any trade with themBy Guy Faulconbridge MOSCOW, April 3 (Reuters) - While U.S. President Donald Trump announced tariffs on allies and foes including Europe, India, Jap...Reuters
Thu, Apr 3
Tesla's German car sales continue to plummet in March
April 3 (Reuters) - Tesla TSLA.O saw its sales volume in Germany fall by 42.5% in March, according to the German road traffic agency KBA, although sales of battery electric vehicles picked up overall.KBA said on its website on Thursday that Tesla sold 2,229 cars in Germany in March, down 42.5% from ...Reuters
Thu, Apr 3
QUOTES-Executives, trade and labour associations on Trump's reciprocal tariffs
April 3 (Reuters) - President Donald Trump said on Wednesday he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners, a move that could escalate a trade war and upend the global economy.Trading partners are exp...Reuters
Thu, Apr 3
EUR/USD rallies as Trump’s reciprocal tariffs hit US Dollar hard
EUR/USD soars above the psychological figure of 1.1000 in Thursday’s European session. The major currency pair strengthens as the US Dollar (USD) takes the bullet for long-term transition in the United States (US) economy.
Fxstreet
Thu, Apr 3
REFILE-Thailand growth to be hit by US tariffs, finance minister says
BANGKOK, April 3 (Reuters) - Thailand's economic growth could be reduced by 1 percentage point due to the imposition of U.S. tariffs, the finance minister said on Thursday.To try to maintain exports, the government will import more U.S. goods, remove tariffs on some U.S. products as well as addr...Reuters
Thu, Apr 3
Trump tariffs set stage for wave of profit warnings
By Medha Singh April 3 (Reuters) - U.S. businesses have talked a lot about tariffs in the past few months, but very few modeled for them in their earnings outlooks. With President Donald Trump's multi-front trade war now in full effect, investors and analysts expect a barrage of corporate pro...Reuters
Thu, Apr 3
INSTANT VIEW-World markets slide 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. S&P 500 futures ES...Reuters
Thu, Apr 3
Barclays sees 'high risk' of US recession this year
April 3 (Reuters) - There is a 'high risk' of the U.S. economy falling into a recession this year after President Donald Trump's sweeping new tariffs, Barclays said on Thursday.Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties...Reuters
Thu, Apr 3
Gold price falls as markets reposition on Trump’s tariffs, the highest in over 100 years
Gold price (XAU/USD) falls after initially hitting a fresh all-time high at $3,167 in the early Asian session. Traders are starting to take profit, pushing the Bullion price to $3,130 at the time of writing on Thursday.
Fxstreet
Thu, Apr 3
