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Pound Sterling flattens against US Dollar as investors await new suite of Trump’s tariffs
The Pound Sterling (GBP) ranges around 1.2900 against the US Dollar (USD) in Tuesday’s European session. The GBP/USD pair flattens as investors brace for reciprocal tariffs from United States (US) President Donald Trump, which will be announced on the so-called “Liberation Day” on Wednesday.
Fxstreet
Tue, Apr 1
London copper rebounds from two-week low on positive China data
SHANGHAI, April 1 (Reuters) - London copper prices rose on Tuesday, rebounding from a two-week low hit in the previous day, as positive Chinese economic data outweighed concerns about a potential global trade war triggered by impending reciprocal tariffs by U.S. President Donald Trump.Reuters
Tue, Apr 1
Euro zone bond yields inch lower as traders await US tariffs
LONDON, April 1 (Reuters) - Euro zone bond yields inched lower on Tuesday, reversing some of the previous session's safe-haven fuelled rally as traders await details of U.S. President Donald Trump's reciprocal tariffs on Wednesday.
Reuters
Tue, Apr 1
Goldman Sachs trims Europe's STOXX 600 forecast on Trump tariff impact
April 1 (Reuters) - Goldman Sachs cut its 12-month forecast for Europe's benchmark STOXX 600 index .STOXX, citing the potential impact of U.S. President Donald Trump's tariff plans.The Wall Street brokerage trimmed its forecast to 570 points from 580 earlier. The pan-European stock index las...
Reuters
Tue, Apr 1
China, Japan, South Korea will jointly respond to US tariffs, Chinese state media says
BEIJING, March 31 (Reuters) - China, Japan and South Korea agreed to jointly respond to U.S. tariffs, a social media account affiliated with Chinese state media said on Monday, an assertion Seoul called "somewhat exaggerated", while Tokyo said there was no such discussion. The state m...Reuters
Tue, Apr 1
Goldman Sachs Says Risks To Brent Oil Prices Are Skewed To Upside In Short-Term
April 1 (Reuters) - GOLDMAN SACHS:SAYS RISKS TO BRENT OIL PRICES ARE SKEWED TO UPSIDE IN SHORT-TERM AND TO DOWNSIDE IN MEDIUM-TERMSAYS BRENT PRICES RALLIED TO THE MID-70S/BBL AS GROWING RISKS TO SHORT-TERM SUPPLY DUE TO SANCTIONS ALONGSIDE SOLID SPOT DEMAND OUTWEIGHED INCREASED U.S. GROWTH CONCERNS
Reuters
Tue, Apr 1
OpenAI secures record $40 billion funding led by SoftBank
OpenAI officially announced on Monday that it completed its fundraising campaign at $40 billion making it the largest private funding of a tech company. This historic round increased OpenAI’s value to $300 billion, which puts it among the most valuable private tech companies across the globe. This fCryptopolitan
Tue, Apr 1
Japan to make strong push for exemption from US auto tariffs
Ishiba will not rule out another U.S. visit to debate tradeGovt to compile measures by May to boost minimum wageGovt eyes separate package to prod firms to pass on costsBy Leika KiharaTOKYO, April 1 (Reuters) - Japan will keep up a strong push for the United States to exempt it from auto tariffs, Pr...Reuters
Tue, Apr 1
London copper rises as positive China data outweighs tariff woes
SHANGHAI, April 1 (Reuters) - Copper prices in London rose on Tuesday, as positive Chinese economic data outweighed concerns about a potential global trade war triggered by impending reciprocal tariffs from U.S. President Donald Trump.Reuters
Tue, Apr 1
Japanese Yen trades with mild positive bias against USD; bulls seem non-committed
The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Tuesday and for now, seems to have stalled the previous day's retracement slide from over a one-week high.
Fxstreet
Tue, Apr 1
Japan business mood slumps to 1-year low on Trump tariff uncertainty
Sentiment for big manufacturers slip, but perks up for non-manufacturersOverall outlook points to worsening conditions amid US tariff risksBig firms expect to increase capex by 3.1% in FY2025Corporate inflation expectations perk up, tankan showsData to be scrutinised at BOJ's April 30-May 1 meet...Reuters
Tue, Apr 1
Japan's Nikkei rebounds from near 8-month low, tracks Wall Street higher
TOKYO, April 1 (Reuters) - Japan's Nikkei share average rose on Tuesday, bouncing back from a near eight-month low hit in the previous session, as overnight gains in Wall Street lifted investor sentiment.As of 0016, the Nikkei index .N225 was up 1% at 35,987.44.Reuters
Tue, Apr 1
Tesla’s shares are down 35% YTD amid widespread protests and vandalism
Tesla’s shares have fallen more than 35% so far this year, and the automaker has become the focus of heated protests across the country due to Musk’s involvement in DOGE (Department of Government Efficiency).Cryptopolitan
Tue, Apr 1
Trump's tariffs risk decades of auto industry integration: RBC
Investing.com -- As auto stocks bounce back on Monday from a tariff-induced selloff last week, RBC (TSX:RY) outlines the potential impact from President Donald Trump's auto tariffs on an industry that relied on decades of cross-border integration.Investing.com
Tue, Apr 1
US judge rejects J&J's $10 billion baby powder settlement
NEW YORK, March 31 (Reuters) - A U.S. bankruptcy judge on Monday rejected Johnson & Johnson's JNJ.N $10 billion proposal to end lawsuits alleging that its baby powder and other talc products cause ovarian cancer, marking the third time the company's bankruptcy strategy has failed in court.
Reuters
Tue, Apr 1
FOREX-Yen gains, gold hits peak as tariff uncertainties lift safe-haven bids
TOKYO, March 31 (Reuters) - The safe-haven Japanese yen gained on Monday while gold pushed to a fresh peak as uncertainty around tariffs clouded the outlook for U.S. inflation and economic growth and kept traders away from risky assets, as well as the dollar.
Goldman raises odds of US recession to 35%, predicts three interest rate cuts
Goldman expects three rate cuts from Fed, ECB this yearBroker cuts S&P 500 annual target - second time this monthGS increases 12-mth US recession probability to 35% vs 20%Broker predicts euro area could fall into recession in 2025By Joel Jose, Siddarth S March 31 (Reuters) - Goldman Sach...Reuters
Mon, Mar 31
