News
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Gold drops over 1% on Powell's cautious views, easing trade tensions
May 7 (Reuters) - Gold prices extended losses on Wednesday, weighed by a stronger dollar and easing China-U.S. trade tensions, while traders were left dissatisfied by Federal Reserve Chair Jerome Powell's cautious remarks on the U.S. economy.
Reuters
Thu, May 8
Trump administration to rescind and replace Biden-era global AI chip export curbs
May 7 (Reuters) - U.S. President Donald Trump's administration plans to rescind and modify a Biden-era rule that curbed the export of sophisticated artificial-intelligence chips, a spokeswoman for the Department of Commerce said on Wednesday.Reuters
Thu, May 8
Fed sees rising risks to economy as it leaves rates unchanged
WASHINGTON, May 7 (Reuters) - The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen, further clouding the U.S. economic outlook as its policymakers grapple with the impact of President Donald Trump's tariffs.Reuters
Thu, May 8
Oil settles lower as hopes dim for US-China trade and supply worries ease
U.S.-China officials to meet over the weekendVance says 'so far, so good' with Iran nuclear talksU.S. gasoline inventories rose unexpectedly last week, EIA saysU.S. Fed held interest rate steadyBy Nicole Jao NEW YORK, May 7 (Reuters) - Oil prices fell by more than $1 a barrel on Wednesday...Reuters
Wed, May 7
Disney earnings soar on resilient streaming, US parks revenue
Disney+ gains 1.4 million users, taking total to 126 millionDomestic parks & experience operating income up 13% Plans new theme park in Abu DhabiShares rise 5.8% in premarket tradingBy Lisa Richwine and Dawn Chmielewski LOS ANGELES, May 7 (Reuters) - In an earnings quarter teeming with uncert...Reuters
Wed, May 7
US tariffs, Europe slowdown reshape global solar panels trade
SINGAPORE, May 7 (Reuters) - Solar panel makers in Laos and Indonesia, mostly owned by Chinese firms, boosted their share in the U.S. market after steep tariffs hit exports from other Southeast Asian countries including Cambodia and Thailand, trade data showed.Reuters
Wed, May 7
AMD raised to Buy: BofA says company has ’multiple growth cylinders’
Investing.com -- Bank of America upgraded Advanced Micro Devices (NASDAQ:AMD) to Buy from Neutral, citing a “compelling” risk-reward profile and potential for 20%+ top-line growth in the next two years.The firm raised its price objective to $120 from $105, reflecting increased earnings estimates...
Investing.com
Wed, May 7
Sterling drops versus dollar, focus on BoE, trade talks
May 7 (Reuters) - The pound lost ground versus a strengthening dollar on Wednesday but remained near its highest levels in over three years, ahead of a Bank of England policy meeting due on Thursday.Investors also focused on tariffs talks as U.S. Treasury Secretary Scott Bessent and chief trade...
Reuters
Wed, May 7
BMW expects car tariffs to fall from July in upbeat take on trade war
Expects some tariffs to fall from H2In talks with various U.S. policymakers, CEO saysQ1 auto EBIT margin at 6.9% vs 6.3% in LSEG pollBMW shares up 1.3%Warns of 'notable' tariff impact in Q2 By Christoph Steitz and Nick CareyFRANKFURT/LONDON, May 7 (Reuters) - BMW BMWG.DE expects U.S. car tar...Reuters
Wed, May 7
What Will Be on the Table in the First Round of U.S.-China Trade Talks? Bessent: Expectations Exceed Agreements
TradingKey – On Tuesday, May 6, 2025, both China and the United States officially confirmed that their first round of tariff and trade negotiations will take place this weekend. This marks the first step toward thawing U.S.-China trade tensions since Donald Trump returned to the White House.
U.S. Trade Deficit Surges to Record High: Trump's Tariff Short-term Pain or Strategic Failure?
TradingKey – Despite strong opposition from economists, U.S. President Donald Trump remains steadfast in his belief that raising tariffs will reduce the U.S. trade deficit. Ahead of the so-called "reciprocal tariffs" that took effect in April, American companies rushed to import goods ahead of the..TradingKey
Wed, May 7
US Dollar Index holds gains near 99.50 ahead of Fed decision, awaits Powell’s remarks
The US Dollar Index (DXY), which tracks the value of the US Dollar (USD) against a basket of six major currencies, is trading around 99.50 during European hours on Wednesday, rebounding after losing over 0.50% in the previous session.Fxstreet
Wed, May 7
May Fed Meeting Preview: Diminishing odds of rate cuts to defy Trump’s rate cut dream
TradingKey – This Wednesday afternoon, May 7, the Federal Reserve will announce its latest monetary policy decision. Despite repeated pressure from U.S. President Donald Trump and some “soft data” pointing toward the case for rate cuts, solid inflation and employment figures—the hard data...TradingKey
Wed, May 7
EUROPE GAS-Prices rangebound after rising to one-week high
LONDON, May 7 (Reuters) - Dutch wholesale gas prices were trading in a narrow range on Wednesday morning after rising to their highest in a week the previous day.The benchmark Dutch front-month contract TRNLTTFMc1 inched down by 0.40 euro to 34.50 euros per megawatt hour (MWh) at 0719 GMT...Reuters
Wed, May 7
PRECIOUS-Gold slips on US-China trade talk hopes; Fed policy on tap
Chinese, U.S. officials to hold ice-breaker meeting in GenevaFed interest rate decision due later in the dayIndia strikes Pakistan over tourist killings; Pakistan says Indian jets downedBy Anushree Mukherjee May 7 (Reuters) - Gold prices dropped on Wednesday as optimism surrounding U.S.-China tra...Reuters
Wed, May 7
Euro zone bond yields stable ahead of Fed policy meeting
May 7 (Reuters) - Euro zone government bond yields were steady on Wednesday, with focus fixed on a U.S. Federal Reserve rate decision later in the day and a Bank of England meeting on Thursday.In early trade, Germany's 10-year bond yield, the euro area's benchmark, was up just 1 basis points at...
Reuters
Wed, May 7
JGB yields track US peers higher as Japan reopens after holidays
TOKYO, May 7 (Reuters) - Japanese government bond yields rose on Wednesday, catching up with a climb in U.S. Treasury yields, as the local market reopened following a four-day weekend.The 10-year JGB yield JP10YTN=JBTC rose 1.5 basis points (bps) to 1.275% as of 0435 GMT, rising off a 3-1/2-week...
Reuters
Wed, May 7
