News
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China lifts yuan midpoint guidance for first time in seven days to reflect dollar weakness
SHANGHAI, April 11 (Reuters) - China lifted on Friday its official yuan midpoint guidance fix for the first time in seven days, to reflect broad dollar weakness in global markets.Prior to the market open, the People's Bank of China (PBOC) set the rate CNY=PBOC, around which the yuan is allowed...
Reuters
Fri, Apr 11
US-China trade tensions lift safe-haven gold to record high
April 11 (Reuters) - Gold prices raced to an all-time high on Friday, supported by recession concerns as escalating tariff tensions between the United States and China fuelled investor demand for safe-haven assets like bullion.
Reuters
Fri, Apr 11
Australian shares slump more than 2% as Trump's tariff concerns linger
April 11 (Reuters) - Australian shares tanked over 2% on Friday as investors, who drove a relief rally in the previous session, fretted about the trade face-off between the world's two largest economies and the fallout from U.S. tariffs on global economic growth.
Reuters
Fri, Apr 11
Japan's Nikkei falls 5% on Wall Street's sharp decline
TOKYO, April 11 (Reuters) - Japan's Nikkei share average slumped 5% in early trade on Friday, tracking Wall Street's sharp losses amid worries over uncertainty about the trade war's potential economic fallout.As of 0012 GMT, the Nikkei .N225 was down 5.1% at 32,855.56. The broader Topix .TOPX...Reuters
Fri, Apr 11
Beijing bites back at US tariffs by curbing Hollywood film imports
BEIJING, April 10 (Reuters) - China said on Thursday it would immediately restrict imports of Hollywood films in retaliation for President Donald Trump's escalation of U.S. tariffs on imported Chinese goods, targeting one of the most high-profile American exports.Reuters
Fri, Apr 11
US stocks, dollar drop on lingering tariff worries, a day after relief rally
NEW YORK, April 10 (Reuters) - Major stock indexes and the U.S. dollar dropped on Thursday, with the S&P 500 ending down more than 3% as investors remained skittish, a day after U.S. President Donald Trump's move to temporarily lower tariffs on many countries caused a massive relief rally.Reuters
Fri, Apr 11
Fed's Collins: Tariffs could push core inflation well above 3% this year
Federal Reserve (Fed) Bank of Boston President Susan Collins joined the ever-growing stream of Fed policymakers standing up and flashing loud warning signs that ongoing uncertainty at the hand of the Trump administration's constantly waffling tariff policy stance will continue to weigh on the Fed'sFxstreet
Fri, Apr 11
Trump trade war with China revives recession, bear market fears
WASHINGTON/BRUSSELS/BEIJING, April 10 (Reuters) - President Donald Trump's trade war rattled global markets anew on Thursday as stocks and oil prices sank amid fears China may once again respond in kind with higher tariffs to match the latest levies imposed by the United States.Reuters
Fri, Apr 11
US Cash Crude-Grades steady as market weighs rapidly changing US trade policy
April 10 (Reuters) - Grades were little changed on Thursday as the market weighed an escalating trade war between the United States and China, against a planned pause in sweeping U.S. tariffs. WTI Midland and WTI at East Houston WTC-MEH, also known as MEH, were unchanged, while Mars edged 5...
Reuters
Fri, Apr 11
Oil settles down over 3% as investors reassess Trump's tariff flip
Oil prices settle more than $2/bbl lowerWhite House says duties on Chinese imports now total 145%US EIA warns of lower oil demand growth from tariffsBy Shariq Khan April 10 (Reuters) - Oil prices settled more than $2 per barrel lower on Thursday, wiping out the last session's rally, as invest...Reuters
Thu, Apr 10
METALS-Copper rebounds on Trump tariff pause, but disquiet over China
By Eric Onstad LONDON, April 10 (Reuters) - Copper and other base metals prices rebounded sharply on Thursday along with other risk assets after most U.S. tariffs were paused for 90 days.Some investors were wary about the rally, however, since U.S. President Donald Trump doubled down in the trade...Reuters
Thu, Apr 10
US STOCKS-Wall St set to open lower after sharp rally on Trump tariff reversal
April 10 (Reuters) - Wall Street's main indexes were set to open lower on Thursday, coming off a blistering rally following U.S. President Donald Trump's move to temporarily lower the heavy tariffs on dozens of countries.Reuters
Thu, Apr 10
PRECIOUS-Gold prices extend gains as US-China trade war escalates
April 10 (Reuters) - Gold prices extended gains on Thursday, driven by an escalating trade war between the United States and China, even after President Donald Trump announced a 90-day pause on tariffs for other countries.Reuters
Thu, Apr 10
Uniqlo operator Fast Retailing cuts H2 profit outlook over US tariffs
Company expects 2-3% hit to H2 profit from US tariff Q2 operating profit 146.7 bln yen vs 125.9 bln yen forecastRaises full-year profit forecast by 15 bln yen on strong H1 performanceLowers H2 business profit forecast by 10 bln yenBy Rocky Swift TOKYO, April 10 (Reuters) - The Japanese operator o...Reuters
Thu, Apr 10
Magnificent Seven rides again as Trump pauses tariffs; adds $1.5 trillion in value (April 9)
By Aditya Soni and Juby Babu April 9 (Reuters) - The "Magnificent Seven" stocks amassed more than $1.5 trillion in market value on Wednesday after U.S. President Donald Trump paused his sweeping tariffs for 90 days, easing pressure on tech giants that had tumbled in recent sessions.The ga...Reuters
Thu, Apr 10
President Trump Accused of Insider Trading: Public Demands Congressional Investigation!
Trump's frequent changes to tariff policies and his buy recommendations for DJT have raised questions across the country. People want Congress to look into possible market manipulation or insider trading.TradingKey
Thu, Apr 10
Euro zone yields jump, markets scale back bets on ECB rate cuts as Trump pauses tariffs
April 10 (Reuters) - Euro zone government bond yields jumped, spreads tightened, and markets scaled back their bets on European Central Bank rate cuts after the U.S. administration said it would temporarily lower U.S. tariffs to bring countries to the bargaining table.
Reuters
Thu, Apr 10
