News
Important Only
US President Donald Trump readies order to bolster US shipbuilders and punish China - WSJ
The Wall Street Journal reported early Wednesday that the Trump administration is preparing an executive order to bolster US shipbuilders and cut Chinese dominance of the global maritime industry.Fxstreet
Wed, Mar 5
China hits US soybean firms, halts log imports as it steps up retaliation against Trump tariffs
China suspends soybean import licence for three U.S. firms Also suspends imports of U.S. logsChina says suspension due to phytosanitary issues Suspension coincides with retaliatory measures against U.S. tariffs By Mei Mei Chu and Ella Cao BEIJING, March 4 (Reuters) - China suspended on Tuesday t...Reuters
Tue, Mar 4
Brent settles down, hit 6-month low on OPEC+ output rise, tariffs, Ukraine news
OPEC+ to proceed with planned April oil output increase US tariffs on Mexico and Canada took effect on TuesdayChina announces 10-15% increases to import levies on US productsUS orders end of Chevron's Venezuela oil exports in 30 daysBy Stephanie Kelly NEW YORK, March 4 (Reuters) - Oil prices ...Reuters
Tue, Mar 4
European shares log worst day in over six months after Trump's tariffs materialize
Automakers lead declines after Trump's tariffs become realityThales gains after stronger-than-expected 2024 earningsLindt rises after better-than-expected operating profit STOXX 600 tumbles 2.1% to lowest in over two weeks By Nikhil Sharma and Purvi Agarwal March 4 (Reuters) - European shares...Reuters
Tue, Mar 4
China hits US agriculture, says it won't be bullied by fresh Trump tariffs
China slaps 10%-15% retaliatory levies on U.S. agriculture exportsLevies will affect about $21 billion in US exportsClamps export, investment controls on 25 U.S. firmsBeijing still hopes for truce with Trump team, analysts sayTension risk worsening U.S. inflation, China recoveryBy Joe Cash, Mei Mei ...Reuters
Tue, Mar 4
USD/CAD corrects to near 1.4420 as US-Canada enters trade war
The USD/CAD pair corrects sharply to near 1.4420 in European trading hours on Tuesday from the monthly high of 1.4542 posted on Monday. The Loonie pair declines as the Canadian Dollar (CAD) outperforms across the board after Canadian Prime Minister Justin Trudeau announced retaliatory tariffs on the
Fxstreet
Tue, Mar 4
During US Market’s Turmoil, Executives of Tesla and SMCI Have Already Cashed Out
Following the impact of DeepSeek, the deterioration of the US economic growth prospects has caused the US stock market to face another round of intense selling. During this period, the executives of Tesla (TSLA.US) and Super Micro Computer (SMCI.US) sold their stocks.TradingKey
Tue, Mar 4
PRECIOUS-Gold extends gains as safe-haven rush follows Trump's tariffs
Trump hits Canada, Mexico, and China with steep tariffs US nonfarm payrolls due on FridayGold to re-test the highs over the coming weeks, says analystBy Rahul Paswan March 4 (Reuters) - Gold prices extended gains on Tuesday, driven by safe-haven demand as trade conflicts erupted after U.S. Presid...Reuters
Tue, Mar 4
US grains slip again as Chinese tariffs add to trade worries
PARIS/SINGAPORE, March 4 (Reuters) - Chicago corn, soybeans and wheat lost more ground on Tuesday, setting fresh multi-week lows as retaliatory Chinese tariffs on U.S. farm goods heightened concerns that President Donald Trump's trade policy will disrupt U.S. agricultural exports.Reuters
Tue, Mar 4
Sterling edges higher against dollar, tariffs in focus
March 4 (Reuters) - The British pound edged higher against the U.S. dollar on Tuesday as traders weighed the implication of U.S. President Donald Trump's tariffs on Canada, Mexico and China following recent data suggesting a slowdown in the American economy.
Reuters
Tue, Mar 4
Pound Sterling holds onto gains against US Dollar on mounting Fed dovish bets
The Pound Sterling (GBP) trades firm near 1.2700 against the US Dollar (USD) in Tuesday’s European session. The GBP/USD pair holds onto Monday’s gains as the US Dollar extends its downside amid escalating dovish Federal Reserve (Fed) bets. The US Dollar Index (DXY), which tracks the Greenback’s valuFxstreet
Tue, Mar 4
Futures steady after Wall St selloff on trade war worries
March 4 (Reuters) - U.S. stock index futures were flat on Tuesday following a selloff on Wall Street in the previous session when President Donald Trump imposed tariffs on trade partners that could intensify a growth-denting global trade war.At 5:32 a.m. ET, Dow E-minis 1YMcv1 were down 44 points,Reuters
Tue, Mar 4
Kremlin says pause of U.S. military aid to Ukraine is best hope for peace
MOSCOW, March 4 (Reuters) - The Kremlin said on Tuesday that pausing U.S. military aid to Ukraine would be the best contribution to the cause of peace, but cautioned that Russia needed to clarify the details of the move by U.S. President Donald Trump.Trump's decision comes as he has upended U.S....Reuters
Tue, Mar 4
US Dollar Index breaks below 106.50 despite risk-off sentiment due to global tariff fears
The US Dollar Index (DXY), which measures the US Dollar (USD) against six major currencies, extends its losses for the second successive session, trading around 106.30 during the European hours on Tuesday.Fxstreet
Tue, Mar 4
France must spend more on defence, and faster, French finance minister says
PARIS, March 4 (Reuters) - France must spend more on defence and faster, French Finance Minister Eric Lombard said on Tuesday, amid calls for European countries to step up more on defence as Washington threatens to pull back.Reuters
Tue, Mar 4
