News
Important Only
China's Central Bank Shocking Move! RRR Cut and Interest Rate Reduction Ignite Stock Market!
The People's Bank of China announced a reduction in reserve requirements and interest rates this morning. This move has fueled a significant rise in the stock market. The upcoming US-China tariff talks this week are highly anticipated.TradingKey
Wed, May 7
US futures bounce on China trade talks
SINGAPORE, May 7 (Reuters) - U.S. stock futures bounced and Asian currencies rose on Wednesday, as investors welcomed news of a meeting between top U.S. and Chinese trade officials, set for the weekend in Switzerland, as a chance to tone down the trade war."My sense is this will be about de-esca...Reuters
Wed, May 7
China c.bank cuts 7-day reverse repo rate, effective May 8
BEIJING, May 7 (Reuters) - China's central bank said on Wednesday it would lower the borrowing cost of its seven-day reverse repurchase agreements, as Beijing stepped up monetary easing to support the broad economy in the face of intensifying trade tensions with the United States. The People'...Reuters
Wed, May 7
S&P 500 futures rise on trade deal optimism
May 6 (Reuters) - U.S. stock futures rose late on Tuesday after it was announced that Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer would meet with China's top economic official later this week in Switzerland.S&P 500 and Nasdaq futures ...Reuters
Wed, May 7
Bessent, Greer to meet with Chinese officials in Switzerland this week
WASHINGTON, May 6 (Reuters) - U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet with China's top economic official later this week in Switzerland, the two U.S. agencies said on Tuesday, marking an initial step in potential negotiations over President Do...Reuters
Wed, May 7
AMD forecasts $1.5 billion revenue hit from US curbs on China chip exports
May 6 (Reuters) - Advanced Micro Devices AMD.O on Tuesday forecast a $1.5 billion hit to revenue this year due to new U.S. curbs on chips, which require the company to obtain a license to ship advanced artificial-intelligence processors to China.
Reuters
Wed, May 7
Gold soars to two-week high on trade jitters, India-Pakistan tensions
Gold rallied to a two-week peak on Tuesday as the Chinese markets resumed operations following a long weekend holiday and concerns about US trade policies. Geopolitical risks also boosted the precious metal, with a new conflict emerging between Pakistan and India.Fxstreet
Wed, May 7
Equities close lower as tariff uncertainty weighs
NEW YORK, May 6 (Reuters) - U.S. stocks were lower for a second straight session on Tuesday as comments from U.S. President Donald Trump and Treasury Secretary Scott Bessent provided little clarity to the timeline for any trade deals.Reuters
Wed, May 7
Oil rises 3% on signs of more Europe and China demand, less US output
Brent, WTI rebound from Monday's close at four-year lowsChina spending increased during May Day holidayIsrael strikes Houthi targets in YemenEuropean Commission proposes more sanctions against RussiaUS crude, product inventories likely down last week -pollBy Scott DiSavino NEW YORK, May 6 (Re...Reuters
Tue, May 6
Qatar Airways set to order about 100 widebody jets from Boeing, Bloomberg News reports
May 6 (Reuters) - Qatar Airways is finalizing a deal to buy around 100 widebody jets from Boeing BA.N, with an option to buy as many more, Bloomberg News reported on Tuesday, citing people familiar with the matter.The deal is expected to be announced during U.S. President Donald Trump's Middle E...Reuters
Tue, May 6
US STOCKS-Wall St set for lower open on latest tariff threats, Ford's forecast pull
May 6 (Reuters) - U.S. stock index futures indicated a lower open on Tuesday after President Donald Trump's latest plans for pharma tariffs, further dampening investor sentiment amid subdued corporate earnings.Reuters
Tue, May 6
EU to target €100 billion of US goods with tariffs if talks fail – Bloomberg
Citing people familiar with the matter, Bloomberg reported on Tuesday that the European Union (EU) plans to target about €100 billion worth of United States (US) imports with additional tariffs if they fail to reach a deal with the US.
Fxstreet
Tue, May 6
Tesla’s Germany sales drop by half in April as electric vehicle market grows
Investing.com -- Tesla Inc (NASDAQ:TSLA) saw a significant drop in its sales volume in Germany in April, according to data released by the German road traffic agency, KBA. The agency reported that Tesla sold 885 cars in the country in April, marking a 45.9% decrease from the same month the previous
Investing.com
Tue, May 6
Germany's Merz seeks election as chancellor in second vote after debacle
Merz is first would-be chancellor in postwar history to fail to win first-time backingHis conservatives have signed coalition with Social DemocratsMerz likely to succeed eventually, but with damaged credibilityBy Madeline Chambers and Sarah Marsh BERLIN, May 6 (Reuters) - Germany's parliament...Reuters
Tue, May 6
