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Yields rise as US/China trade deal punishes safe-havens
NEW YORK, May 12 (Reuters) - U.S. Treasury yields rose on Monday to the highest levels in a month after the United States and China agreed to lower trade tariffs on one another during a 90-day pause, triggering a rush of investor cash into risk assets and hitting safe havens like bonds.Reuters
Tue, May 13
Wall Street equity indexes close higher after US-China tariff truce
May 12 (Reuters) - Wall Street's three major indexes rose sharply on Monday with the S&P 500 marking its highest level since early March as a U.S.-China agreement to temporarily slash tariffs brought some hopes for the easing of a global trade war, which U.S. President Donald Trump ignited in earlyReuters
Tue, May 13
Stocks, dollar surge as US and China agree 90-day tariff relief
NEW YORK/LONDON, May 12 (Reuters) - Global shares rallied, while gold and safe-haven currencies slumped against a resurgent dollar on Monday as the U.S. and China agreed to temporarily slash harsh reciprocal tariffs and cooperate to avoid rupturing the global economy.Reuters
Tue, May 13
Global stocks rally after US, China pause tariff war, but uncertainty remains
WASHINGTON, May 12 (Reuters) - Global stock markets surged on Monday after the U.S. and China agreed to slash steep tariffs for at least 90 days, tapping the brakes on a trade war between the world's two biggest economies that had fed fears of a global recession.Reuters
Tue, May 13
Oil prices settle up at 2-week high as US, China ease tariffs
U.S. and China agree to 90-day pause on tariffsSaudi Aramco expects oil demand to remain resilient this yearIraq oil exports on track to decline in May and JuneBy Scott DiSavino NEW YORK, May 12 (Reuters) - Oil prices rose about 1.5% to settle at a two-week high on Monday, after the U.S. and Chin...Reuters
Mon, May 12
US STOCKS-Wall St set to surge at open as US, China slash tariffs
May 12 (Reuters) - Wall Street's main indexes were set to open sharply higher on Monday as the United States and China reached a deal to reduce tariffs, signaling a truce in a punishing trade war that had kept markets on edge for weeks.Reuters
Mon, May 12
US customers should get Chinese rare earth permits more easily after trade truce, say sources
BEIJING, May 12 (Reuters) - Rare earth export permits for U.S. customers are likely to have an easier time getting approval from Beijing after Monday's trade war truce, however a complete removal of the restrictions is unlikely, according to two sources in the industry in China.Reuters
Mon, May 12
US Dollar soars to one-month high on US-China deal to temporarily lower tariffs
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, jumps more than 1% on Monday after China and the United States (US) agreed to a 90-day pause in their trade war by slashing tariffs on both sides.Fxstreet
Mon, May 12
Nissan to cut over 10,000 more jobs, NHK reports
TOKYO, May 12 (Reuters) - Nissan Motor 7201.T will cut more than 10,000 jobs globally, bringing the number of layoffs, including those previously announced, to about 20,000 or 15% of its workforce, Japan's public broadcaster NHK reported on Monday.Japan's third-biggest automaker is striving ...Reuters
Mon, May 12
China’s Ace, America’s Achilles’ Heel: Is Rare Earth the Key to the U.S.-China Tariff Cut?
TradingKey – The first round of U.S.-China economic and trade talks concluded with both sides agreeing to significantly cut tariffs — a move officially justified by the importance of bilateral trade relations for both nations and the global economy. However, behind the scenes, strategic industries..TradingKey
Mon, May 12
Stocks surge, dollar rallies as US and China pledge to slash tariffs
LONDON, May 12 (Reuters) - Wall Street stock futures surged, the dollar rallied and gold prices slumped on Monday as U.S. and Chinese officials pledged to slash reciprocal tariffs in a move that swept trade war fears out of global markets, at least for now.
Reuters
Mon, May 12
Cryptocurrencies Did Not Rally After the U.S.-China Trade Deal. Is the Tariff Agreement Bullish or Bearish?
TradingKey – Following the conclusion of U.S.-China tariff negotiations, both countries jointly announced on May 12 a temporary 90-day reduction in tariffs, with cuts far exceeding market expectations. While risk assets such as U.S. equity futures and oil prices surged in response, Bitcoin (BTC)...
Eli Lilly's Zepbound outperforms Novo Nordisk's Wegovy for weight loss in trial
May 12 (Reuters) - Eli Lilly LLY.N said on Sunday its drug Zepbound was superior to Novo Nordisk's NOVOb.CO Wegovy across five weight-loss targets such as reducing waist circumference, citing data from a head-to-head trial.
Reuters
Mon, May 12
U.S.-China Tariff Deal Exceeds Expectations, Risk Assets Rally in Major Reversal! Nasdaq Futures Up 3%, Hong Kong Stocks Jump 6%, Oil Rises 3%, Gold..
TradingKey – Following high-level economic and trade talks, both China and the United States announced "substantial progress" in their negotiations. According to a joint statement released on May 12, China will cut its tariffs on U.S. goods from 125% to 10%, while the U.S. will reduce tariffs on...
TradingKey
Mon, May 12
Crude Oil Market Imbalance: Weak Q1 Results from “King of Oil” Aramco May Be Just the Beginning
TradingKey – Before U.S. President Donald Trump’s official visit to Saudi Arabia, Saudi Aramco — the kingdom’s cash cow and the world’s largest oil producer — released its first-quarter 2025 earnings report. Affected by persistently weak global oil prices, Saudi Aramco’s profits fell by 4.6%...TradingKey
Mon, May 12
US and China reach deal to slash tariffs, officials say
GENEVA, May 12 (Reuters) - The United States and China said on Monday they have agreed a deal to slash reciprocal tariffs as Washington and Beijing seek to end a trade war that has disrupted the global economy and set financial markets on edge.Reuters
Mon, May 12
U.S.-China Tariff Talks Bring Positive News, Could Chinese Yuan Return to the "6" Level?
TradingKey - Following two days of high-level talks over the weekend, U.S.-China trade negotiations have achieved "substantial progress," easing global trade tensions sparked by the tariff war under the Trump 2.0 administration. Goldman Sachs forecasts that the Chinese yuan could appreciate...TradingKey
Mon, May 12
Bund yields hit fresh one-month high as trade talks ease economic concerns
May 12 (Reuters) - Euro area benchmark Bund yields hit a fresh one-month high and markets cut bets on European Central Bank interest rate cuts on Monday as less severe trade and geopolitical tensions eased concerns about economic growth.Reuters
Mon, May 12
Bitcoin awaits catalyst to push BTC above $109,000, US-UK and China deals fails to trigger rally
The United States unveiled its first major trade deal with the UK last week. The announcement was followed by talks of a highly anticipated deal with China. Both developments failed to catalyze a re-test of the all-time high in Bitcoin.Fxstreet
Mon, May 12
