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S&P 500 Enters Correction——Was Trump a Bull Market Killer?
TradingKey — With President Trump's tariffs remaining unpredictable, Wall Street's optimism for a renewed U.S. stock market rally has quickly faded. The S&P 500 Index has dropped more than 10% from its all-time high, officially entering technical correction territory. Markets are now debating...
TradingKey
Fri, Mar 14
EMERGING MARKETS-Stocks rise on China boost, but face weekly dip on trade war concerns
March 14 (Reuters) - Emerging market stocks advanced on Friday, buoyed by heavyweight Chinese shares, but were set for modest weekly declines as U.S. President Donald Trump's tariff threats kept risk-taking in check.MSCI's index for emerging market stocks .MSCIEF climbed 0.9% by 0904 GMT, boosted...
Reuters
Fri, Mar 14
Germany faces debt deal 'cliffhanger' as Merz strives for Greens' backing
BERLIN, March 14 (Reuters) - German Chancellor-in-waiting Friedrich Merz was set to make a last-ditch attempt on Friday to convince the Greens of his plans for a massive increase in state borrowing to bolster defence and infrastructure ahead of a parliamentary vote next week.Reuters
Fri, Mar 14
Putin suggests US ceasefire idea for Ukraine needs serious reworking
Putin says many details to work out in US truce planPutin says any ceasefire must lead to long peaceUS envoy visited Moscow for talksZelenskiy says Putin plans to reject ceasefire By Guy Faulconbridge, Andrew Osborn and Vladimir Soldatkin MOSCOW, March 13 (Reuters) - President Vladimir Putin said...Reuters
Fri, Mar 14
GBP/USD loses momentum below 1.2950 on downbeat UK GDP data
The GBP/USD pair loses ground to near 1.2925 during the early European session on Friday. The Pound Sterling (GBP) edges lower after the release of UK growth numbers. The attention will shift to the preliminary Michigan Consumer Sentiment for March, which will be published later on Friday.
Fxstreet
Fri, Mar 14
Trump's trade war is 'wake-up call' for Europe, Lagarde says
FRANKFURT, March 14 (Reuters) - A full-scale global trade war would hurt the United States in particular and could re-energise Europe's push towards unity, European Central Bank President Christine Lagarde said on Friday.The U.S. has imposed a raft of tariffs on friends and foes alike and...
Reuters
Fri, Mar 14
Gold price hits fresh all-time high; approaches $3,000 amid trade war fears
Gold price (XAU/USD) enters a bullish consolidation and oscillates in a narrow range near the all-time peak touched during the Asian session on Friday. Investors remain worried about US President Donald Trump's aggressive trade policies and their impact on the global economy, which, in turn...
Fxstreet
Fri, Mar 14
Japan's yields on shorter-dated bonds fall as US Treasury yields drop
TOKYO, March 14 (Reuters) - Yields on shorter-dated Japanese government bonds fell on Friday, supported by overnight declines of U.S. Treasury yields, while those on longer-dated bonds rose amid a lack of demand at the fiscal year-end.The two-year JGB yield JP2YTN=JBTC fell 1 basis point to...Reuters
Fri, Mar 14
US Dollar Index holds gains near 104.00 ahead of Michigan Consumer Sentiment Index release
The US Dollar Index (DXY), which tracks the US Dollar (USD) against six major currencies, extends its winning streak for a third consecutive day amid improved Treasury yields. The DXY is trading near 104.00 with 2- and 10-year yields on US Treasury bonds standing at 3.96% and 4.29%, respectively...Fxstreet
Fri, Mar 14
Oracle mulls data center investment in Indonesia's Batam Island, Bloomberg News reports
March 14 (Reuters) - Oracle Corp ORCL.N is in discussions with the Indonesian government to establish a cloud services center in the country's Batam Island, Bloomberg News reported on Friday, citing people familiar with the matter.Nongsa Digital Park in Batam is favoured as a location considering...
Reuters
Fri, Mar 14
Oil bounces as Ukraine ceasefire deal remains elusive
SINGAPORE, March 14 (Reuters) - Oil prices rebounded on Friday to recover some of their more than 1% losses in the previous session, partly due to diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies.Brent crude futures rose 46 cents, or 0.7%...
Reuters
Fri, Mar 14
Australia, NZ dollars cling on through tariff turmoil
SINGAPORE, March 14 (Reuters) - The Australian and New Zealand dollars headed for a surprisingly steady week against other majors on Friday, as tariff-driven selling of U.S. assets was offset by a wobbly U.S. dollar.The Aussie AUD=D3 traded at $0.6291, about 0.2% weaker than where it finished...
Tesla plans Model Y costing at least 20% less to produce to defend China share, sources say
SHANGHAI, March 14 (Reuters) - Tesla TSLA.O will make a lower-cost version of its best-selling Model Y in Shanghai, three people with knowledge of the matter said, aiming to regain ground lost during a price war in its second-largest market.The U.S. electric vehicle maker is developing the model...Reuters
Fri, Mar 14
Tesla warns it could face retaliatory tariffs
WASHINGTON, March 13 (Reuters) - U.S. automaker Tesla TSLA.O has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to President Donald Trump's aggressive use of tariffs.Reuters
Fri, Mar 14
PRECIOUS-Gold pauses after hitting record high, eyes $3,000 milestone
March 14 (Reuters) - Gold held steady on Friday after hitting a record high, as persistent uncertainty over U.S. tariffs and fears of trade tensions propelled prices, along with increased expectations of monetary policy easing by the Federal Reserve. FUNDAMENTALS* Spot gold XAU= was flat at $2,9Reuters
Fri, Mar 14
Britain to boost lending for defence exports by 2 billion pounds
LONDON, March 14 (Reuters) - Britain said on Friday it would increase the overall amount it lends other countries to buy from British defence firms, in an effort to boost exports of missiles and aircraft and bolster its defence industry.The government will increase its credit agency UK Export FinancReuters
Fri, Mar 14
