News
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Pound Sterling performs strongly even as BoE dovish bets remain firm
The Pound Sterling (GBP) trades firmly against its major peers, except the Japanese Yen (JPY), on Tuesday. The British currency gains ahead of the Bank of England (BoE) interest rate decision, which will be announced on Thursday, and in which the central bank is expected to cut interest rates...
Fxstreet
Tue, May 6
U.S. seeks breakup of Google's ad-tech products after judge finds illegal monopoly
US DOJ seeks divestiture of Google's ad tech productsGoogle says DOJ ask has "no basis in law"Google will face antitrust trial in September May 6 (Reuters) - The U.S. Department of Justice has proposed that Google sell its AdX digital ad marketplace and DFP platform for managing ...Reuters
Tue, May 6
EU keeps options open as it readies response to expanding US tariffs
BRUSSELS, May 6 (Reuters) - The European Union will prepare countermeasures to the multitude of U.S. tariffs imposed on EU imports during President Donald Trump's 90-day pause, with all options on the table, European Trade Commissioner Maros Sefcovic said on Tuesday.
Reuters
Tue, May 6
German bond yields at three week highs as investors await debt sales
LONDON, May 6 (Reuters) - Benchmark German government bond yields rose to their highest in three weeks on Tuesday as investors braced for debt sales from the United States and Germany.German 10-year bond yields DE10YT=RR dropped nearly 30 basis points in April as investors took refuge in the...Reuters
Tue, May 6
Gold hits two-week high on safe-haven demand ahead of Fed policy
Trump orders 100% tariff on foreign-made moviesFed's interest rate verdict on WednesdayTrump to announce pharmaceutical tariffs over next two weeksBy Anushree Mukherjee May 6 (Reuters) - Gold prices rose to a two-week high on Tuesday as concerns over U.S. President Donald Trump's tariff p...Reuters
Tue, May 6
China's yuan jumps to 1-1/2-month high as carry trades unwind
SHANGHAI, May 6 (Reuters) - China's yuan advanced to a 1-1/2-month high against the dollar on Tuesday, underpinned by an unwinding of carry trades and a broader rush out of U.S. assets into Asia.The onshore yuan CNY=CFXS rose to a high of 7.2203 per dollar at one point, its strongest level since...
Reuters
Tue, May 6
Trump says pharma tariffs to come in 2 weeks, signs order to boost domestic output
Investing.com-- U.S. President Donald Trump on Monday signed an executive order aimed at boosting domestic pharmaceutical production, and warned that he will impose import tariffs on the sector in the next two weeks.Investing.com
Tue, May 6
Oil steadies after falling to four-year lows in previous session
May 6 (Reuters) - Oil steadied on Tuesday after hitting four-year lows in the previous session that was driven by an OPEC+ decision to accelerate output increases, stoking fears of oversupply at a time when U.S. tariffs have spurred concerns about demand.Brent crude futures L...Reuters
Tue, May 6
Warren Buffett Announces Resignation as CEO! Berkshire Stock Plummets Over 5%, Sparking Market Concerns!
Warren Buffett's resignation as CEO of Berkshire Hathaway has led to a sharp drop in the company's stock price, falling over 5%, causing concerns in the market over the company’s future and outlook.TradingKey
Tue, May 6
Trump tariff order on movies leaves film industry flummoxed
LOS ANGELES/WASHINGTON, May 5 (Reuters) - The entertainment industry reacted with alarm and bafflement on Monday after President Donald Trump said he would impose a 100% tariff on all movies produced outside the U.S., but issued few details on just how such a levy would work.Reuters
Tue, May 6
Trump's tariffs, tax cuts, deregulation will drive US growth, investment, Bessent says
WASHINGTON, May 5 (Reuters) - U.S. Treasury Secretary Scott Bessent on Monday said President Donald Trump's tariff, tax-cut and deregulation agenda would work together to drive long-term investment to the U.S. economy, adding that U.S. financial markets were "anti-fragile" and would weather any shorReuters
Tue, May 6
S&P 500 snaps 9-session win streak after latest Trump tariff
NEW YORK, May 5 (Reuters) - The S&P 500 fell to snap its longest streak of gains in 20 years on Monday as investors assessed U.S. President Donald Trump's latest tariff announcement ahead of the Federal Reserve's monetary policy decision later this week.Reuters
Tue, May 6
Trump signs executive order to encourage US drug manufacturing
May 5 (Reuters) - U.S. President Donald Trump signed an executive order on Monday that aims to reduce the time it takes to approve pharmaceutical plants in the country, as part of new regulations to encourage domestic manufacturing.The order directs the U.S. Food and Drug Administration to streamlinReuters
Tue, May 6
Oil ends at four-year lows as OPEC+ accelerates output hikes
NEW YORK/LONDON, May 5 (Reuters) - Oil fell by more than $1 a barrel on Monday to settle at over four-year lows as an OPEC+ decision to expedite its output hikes stoked fears about rising global supply at a time when the demand outlook is uncertain.Reuters
Tue, May 6
US Dollar Index approaches 100 as Taiwan Dollar surge triggers spillover, Bessent words
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, posted mild gains on Monday as the Taiwan Dollar surged over 5%. The move sparked a broader rally in Asian currencies amid speculation of FX conversions by exporters.Fxstreet
Tue, May 6
