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METALS-Copper rises on dollar weakness; US-China trade war remains in focus
By Polina Devitt LONDON, April 11 (Reuters) - Copper and other base metals were on track to finish a very volatile week on the rise in London on Friday, supported by a weaker dollar, though gains were capped by the potential for trade conflict between the U.S. and China to curb demand.Benchmark t...Reuters
Fri, Apr 11
Fed's Collins tells Yahoo Finance that markets are holding in for now
April 11 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said Friday that financial markets, which have been under massive pressure, appear to be holding in, in comments made in an interview with Yahoo Finance. “Markets continue to function well,” the official said, adding “financReuters
Fri, Apr 11
US STOCKS-Wall St eyes higher open as big bank results roll in; China hits back with tariffs
April 11 (Reuters) - Wall Street's main indexes were set to open higher on Friday following earnings from big banks including JPMorgan, while markets also assessed the latest escalation in the trade war with China increasing its tariffs on U.S. imports to 125%.
Reuters
Fri, Apr 11
Tesla stops taking new orders in China for two imported, US-made models
BEIJING, April 11 (Reuters) - Tesla TSLA.O has suspended taking new orders for Model S and Model X vehicles on its Chinese website, Reuters checks showed on Friday, as the world's two largest economies exchange blows in a trade war.Both models are made in the U.S. and imported to China. New orde...Reuters
Fri, Apr 11
CORRECTED-China's March Iranian oil imports surge on US sanctions fears
By Siyi Liu and Chen Aizhu SINGAPORE, April 10 (Reuters) - China's imports of Iranian oil surged in March as buyers stocked up amid worries that further U.S. sanctions on Tehran could tighten supplies, traders and analysts said.China's oil imports from Iran surpassed 1.8 million barrels p...Reuters
Fri, Apr 11
No Need for iPhone Price Hikes: How Apple Can Save Itself Under Trump's Tariff Threat
TradingKey – Analysts at Morgan Stanley have proposed a multi-pronged strategy to help Apple avoid passing these costs on to consumers: expand production in India, revamp its product lineup, and extend installment payment options.
TradingKey
Fri, Apr 11
Is the Global Monetary System Entering a Century-Defining Shift? Dollar Plummets Below 100, as Euro and Yen Surge
TradingKey – This week, the U.S. dollar continued its decline, while traditional safe-haven currencies such asthe Japanese yen, euro, and Swiss franc rallied. Trump’s unpredictable tariff shifts have eroded investor confidence in both the U.S. economy and its government’s credibility.
EUROPE GAS-Prices remain volatile amid tariff, gas storage target uncertainty
April 11 (Reuters) - Dutch and British gas prices are lacking clear direction on Friday morning but remain near recent multi-month lows as the market continues to grapple with the impact of the U.S. tariff-induced trade war on the global economy and as EU countries meet to discuss gas storage...Reuters
Fri, Apr 11
US targets China oil storage terminal in new Iran-related sanctions
WASHINGTON, April 10 (Reuters) - The Trump administration imposed sanctions on Iranian oil trading networks on Thursday, including on a China-based crude oil storage terminal linked via a pipeline to an independent refinery, just days before talks between the U.S. and Iran.Reuters
Fri, Apr 11
Euro zone bond yields steady after turbulent week for markets
April 11 (Reuters) - Euro zone bond yields were stable on Friday after a turbulent week as worries about the global economy and U.S.-China trade conflict gripped markets despite a temporary pause in some of U.S. President Donald Trump's broader tariffs.Reuters
Fri, Apr 11
China's Xi to visit Southeast Asia as trade conflict with US widens
BEIJING, April 11 (Reuters) - Chinese President Xi Jinping begins a three-nation tour of Southeast Asia next week, his first overseas trip this year, aiming to consolidate ties with some of China's closest neighbours as trade tension escalates with the United States.
Reuters
Fri, Apr 11
Berkshire Hathaway’s Cautious Issuance of Japanese Bonds: Is Buffett Buying the Dip in Japanese Stocks and Exiting U.S. Equities?
TradingKey – Amid a sharp downturn in both U.S. and Japanese equities triggered by President Trump's renewed tariff policies, Warren Buffett’s Berkshire Hathaway (BRKB.US) has returned to Japanese bonds. While this latest bond issuance is the smallest since Berkshire entered Japan in 2019, it has..TradingKey
Fri, Apr 11
PRECIOUS-Gold bolts past key $3,200 mark on dollar slide, safe-haven flows
Bullion up about 5% so far this week$3,500 is the next round number people will be looking at - analystUS consumer prices fell unexpectedly in MarchBy Anushree Mukherjee and Anjana Anil April 11 (Reuters) - Gold prices breached the crucial $3,200/oz level for the first time on Friday, fuelled by ...Reuters
Fri, Apr 11
Stocks, dollar slip, bonds pummelled again as trade war roils markets
SINGAPORE, April 11 (Reuters) - Global stocks fell and the dollar sank further on Friday, while a manic bond selloff took hold in a brutal end to the week of tit-for-tat worldwide tariffs that have fed fears of a deep recession and shaken investor confidence in U.S. assets.Reuters
Fri, Apr 11
EUR/USD appreciates to near 1.1350 as the EU suspends tariffs on US imports
EUR/USD extends its gains for the second successive day, trading near 1.1350 during Friday’s Asian session. The Euro (EUR) strengthened after the European Union (EU) announced a 90-day pause on new 25% tariffs on the United States (US), aiming to create space for trade negotiations.Fxstreet
Fri, Apr 11
Hong Kong stocks eye worst week since global financial crisis, China falls milder on state support
HONG KONG, April 11(Reuters) - Hong Kong stocks lost ground on Friday and were on track for their biggest weekly decline since the 2008 global financial crisis, battered as China takes the brunt of U.S. President Donald Trump's escalating trade war.
Japan's Nikkei slumps on trade war worries, stronger yen
TOKYO, April 11 (Reuters) - Japan's Nikkei share average slumped nearly 5% on Friday in a brutal end to a volatile week as investors worried about the economic fallout from the rapidly escalating U.S.-China trade war as well as a strong yen that has been lifted by safe-haven flows.Reuters
Fri, Apr 11
Oil prices set to drop for a second week as US-China trade war to cut demand
April 11 (Reuters) - Oil prices fell on Friday and were set to drop for a second week on concerns prolonged trade war between the United States and China, the world's largest economies, will crush crude consumption as their dispute curtails economic growth.
Reuters
Fri, Apr 11
