News
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GLOBAL MARKETS-Stocks on guard for payrolls, Tesla tumbles as Trump-Musk bromance sours
SYDNEY, June 6 (Reuters) - Asian shares were subdued on Friday as investors hunkered down for the all-important payrolls report, while Tesla suffered huge losses on the very public feud between President Donald Trump and billionaire Elon Musk.Reuters
Fri, Jun 6
Australia, NZ dollars look to end week on a high, payrolls crucial
SYDNEY, June 6 (Reuters) - The Australian and New Zealand dollars were looking to end the week with hefty gains on Friday as a hint of thawing in the U.S.-China trade impasse aided risk sentiment, while investors everywhere braced for the all-important U.S. jobs report.
Reuters
Fri, Jun 6
GLOBAL MARKETS-US stocks end lower, crude gains as Trump-Musk row distracts from trade talks, data
NEW YORK, June 5 (Reuters) - Wall Street veered to a sharply lower close and crude prices advanced on Thursday as a high-profile dispute between U.S. President Donald Trump and billionaire Elon Musk overshadowed trade talks between Washington and Beijing and a spate of downbeat economic data.Reuters
Fri, Jun 6
Trump-Musk row slams Tesla shares, $150 billion in market value wiped out
June 5 (Reuters) - Tesla shares went into free-fall on Thursday as President Donald Trump publicly feuded with the electric vehicle maker's billionaire CEO Elon Musk, his self-proclaimed "First Buddy." Investors watched the unfolding drama with growing worry about what the fracas could mean for Musk
Reuters
Fri, Jun 6
US Cash Crude-Grades rise as US, China teams to meet following Trump, Xi trade call
June 5 (Reuters) - Grades edged higher on Thursday, dealers said, as trader confidence grew after the U.S. and China agreed to more trade talks following a phone call between U.S. President Donald Trump and Chinese leader Xi Jinping.
Reuters
Fri, Jun 6
UK's Reeves says economy is turning a corner but public restless
LONDON, June 5 (Reuters) - More upbeat business surveys and strong first-quarter GDP show the British economy is recovering from a weak end to 2024, but the public remain restless about slow improvements to living standards, finance minister Rachel Reeves said on Thursday.Reuters
Fri, Jun 6
Oil settles up as US, China teams to meet following Trump, Xi trade call
Trump says in social media post US and Chinese teams to meet shortly US gasoline, distillate stocks post big weekly buildsSaudi Arabia cuts prices for Asian crude buyers to 2-month lowBearish economic outlook weighs on oil prices, analysts sayBy Georgina McCartney HOUSTON, June 5 (Reuters) - Oil ...Reuters
Thu, Jun 5
Trump reinstates US travel ban, bars citizens of 12 countries
Order bans travel to US from 12 countriesTravel from 7 other countries restrictedTrump cites national security concernsBan becomes effective on June 9By Jeff Mason and Nandita Bose WASHINGTON, June 4 (Reuters) - U.S. President Donald Trump signed a proclamation on Wednesday banning the citizens o...Reuters
Thu, Jun 5
Procter & Gamble to cut 7,000 jobs, exit brands as consumer uncertainty weighs
By Aishwarya Venugopal and Jessica DiNapoli June 5 (Reuters) - Procter & Gamble PG.N will cut 7,000 jobs over the next two years, as the Tide detergent maker contends with an uncertain spending environment, fueled in part by U.S. tariffs that have roiled numerous consumer companies.The world&...Reuters
Thu, Jun 5
Accelerating Wage Growth Lays Groundwork for Further Rate Hikes—Japan’s Tightening Path Comes Into Focus
TradingKey - Japan’s April wage data showed that core wages rose 2.5% year-over-year, marking the 20th consecutive month above the 2% threshold and indicating a certain level of resilience in the upward trend.TradingKey
Thu, Jun 5
RPT-COLUMN-Franc leading Swiss back to deflation vortex, asset stockpiling: Mike Dolan
By Mike Dolan LONDON, June 5 (Reuters) - The supercharged Swiss franc is sucking Switzerland back into a deflationary vortex that its central bank will once again struggle to escape, possibly recycling a fresh wave of financial flows back out across the world.The Swiss franc, long perceived as a ...Reuters
Thu, Jun 5
Laopu Gold Surpasses HKD 1,000—Hong Kong’s “Hard Luxury” Benchmark Hits Historic High of HKD 1,015
TradingKey – At the start of trading, Hong Kong-listed consumer favorites known as the “Golden Trio” — Pop Mart, Mixue Ice Cream & Tea, and Laopu Gold Co., Ltd. (6181.HK) — all reached record highs.TradingKey
Thu, Jun 5
Trump and Warren Join Forces to Criticize Debt Ceiling as 'Too Destructive,' Call for Abolition
TradingKey - As the deficit rises, the issue of the U.S. debt ceiling has once again become a central focus in American politics. On Wednesday, former President Donald Trump took to his social media platform, Truth Social, to declare that the U.S. should abolish the debt ceiling system.TradingKey
Thu, Jun 5
Central banks on track for 4th year of massive gold purchases, Metals Focus says
LONDON, June 5 (Reuters) - Central banks worldwide are on track to buy 1,000 metric tons of gold in 2025, which would be their fourth year of massive purchases as they diversify reserves from dollar-denominated assets into bullion, consultancy Metals Focus said.
Reuters
Thu, Jun 5
