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Alibaba unveils Qwen3, challenges industry leaders
Investing.com -- Alibaba Group Holdings Ltd ADR (NYSE:BABA) introduced its next-generation large language model series, Qwen3, on Tuesday, expanding its AI offerings across a range of model sizes and architectures. The release includes eight open-weight models, six dense and two mixture-of-experts (
Investing.com
Tue, Apr 29
China's foreign ministry says Xi and Trump did not have a call recently
BEIJING, April 28 (Reuters) - China's foreign ministry on Monday said President Xi Jinping had not spoken to Donald Trump recently, nor were their respective administrations trying to strike a tariff deal, contradicting the U.S. president's claim in an interview with Time magazine.Reuters
Tue, Apr 29
Trump's first 100 days: America First president is overturning world order
Countries consider defense boosts, closer China ties amid U.S. policy shiftsExperts warn of lasting damage to U.S. relations with traditional alliesWhite House says Trump is taking swift action to bring peace and prosperityBy Matt Spetalnick, John Geddie, Lili Bayer WASHINGTON/TOKYO/BRUSSELS, Apr...Reuters
Mon, Apr 28
US natgas prices slide 2% to five-month low on mild weather, rising gas in storage
April 28 (Reuters) - U.S. natural gas futures slid 2% to a five-month low on Friday on rising output and forecasts for mild weather through mid-May that will limit heating and cooling demand, allowing utilities to keep putting more gas than usual into storage.Reuters
Mon, Apr 28
Nio stock added to 30-day positive catalyst watch at Citi
Investing.com -- Citi has placed Nio (NYSE:NIO) stock on a 30-day positive catalyst watch amid expectations of a faster-than-expected rollout of new models, the upcoming launch of the new driver-assistance system and chip upgrades, and improving cost dynamics.
Investing.com
Mon, Apr 28
Has the Weak Dollar Trend Ended? Goldman: The Worst Days of Dollar Depreciation Are Still Ahead
TradingKey - Despite the U.S. Dollar Index (DXY) falling below the 100 mark, the chorus of bearish calls on the dollar from Wall Street has not abated. Goldman Sachs believes that the negative impact of Trump's tariff policies on the U.S. economy may only become apparent in the summer, leaving...TradingKey
Mon, Apr 28
Weak Dollar as a Safety Net for U.S. Stocks? Morgan Stanley Remains Bullish: The Quality Stock Cycle Isn’t Over
TradingKey - While major institutions have been advising against buying the dip in U.S. equities and continue to warn about the decline of American exceptionalism, Morgan Stanley analysts are bucking the trend, arguing that the weakening dollar is providing support for U.S. corporate earnings.
TradingKey
Mon, Apr 28
Gold slips as trade tensions subside, dollar firms
April 28(Reuters) - Gold prices fell more than 1% on Monday, as the dollar held firm and hopes for de-escalation in U.S.-China trade tensions dented appetite for safe-haven assets.Spot gold XAU= was down 0.9% at $3,289.97 an ounce as of 0843 GMT. U.S. gold futures GCcv1 eased 0.1% to $3,301.
Reuters
Mon, Apr 28
China's Ant Group enters brokerage business with $362 million Bright Smart buy
HONG KONG, April 28 (Reuters) - Ant Group, an affiliate of China's e-commerce giant Alibaba Group 9988.HK, is buying a $362 million controlling stake in Bright Smart Securities & Commodities Group 1428.HK, marking its first acquisition of a securities brokerage licence.Reuters
Mon, Apr 28
Doomsday Shadows Over the Dollar and U.S. Treasuries: Treasury Sales Pressure and Private Credit Risks Looming
TradingKey - Following the U.S. Treasury storm and the dollar's collapse in April, even with a rebound, the market appears unlikely to quickly regain confidence after such tsunami-like financial volatility. This episode may signal the beginning of a new world order or a new investment paradigm.TradingKey
Mon, Apr 28
WTI falls to near $62.50 due to potential Iranian crude, OPEC+ production increase
West Texas Intermediate (WTI) Oil price is trading lower at around $62.70 per barrel during the European hours on Monday. Crude Oil prices continue to decline as progress in US-Iran nuclear talks raises the prospect of Iranian crude re-entering the market. Furthermore, expectations that...
Fxstreet
Mon, Apr 28
Dollar steadies ahead of a string of macro litmus tests
SINGAPORE/LONDON, April 28 (Reuters) - The dollar held steady on Monday as investors waited warily on news of U.S. trade policy and braced for a week packed with economic data that may give a first glimpse of whether U.S. President Donald Trump's trade war is hitting home.Reuters
Mon, Apr 28
European shares edge higher as investors await tariff updates, economic data
April 28 (Reuters) - European shares nudged higher on Monday, after registering a second consecutive weekly gain, as investors looked ahead to potential tariff developments and a busy week of earnings and economic data.
Reuters
Mon, Apr 28
U.S. Price Hikes Surge: From Amazon, Temu, and Shein to Procter & Gamble and Unilever
TradingKey - Due to the impact of high tariff policies, whether it’s U.S. online retailers or offline consumer brands, cheap goods or luxury brands, American consumers are facing a wave of price increases. Fast-fashion giant Shein has even seen some products surge by more than threefold.
TradingKey
Mon, Apr 28
Preview of Trump’s First Economic Report Card: U.S. Q1 2025 GDP May Signal Official Recession
TradingKey - April 30, 2025, marks the 100th day of Donald Trump’s return to the White House, and the market will also receive the first economic report card of the Trump 2.0 administration—U.S. Q1 2025 GDP. Wall Street analysts widely predict that GDP growth will slow sharply to near-zero...TradingKey
Mon, Apr 28
USD/CHF softens below 0.8300 amid US trade confusion
The USD/CHF pair attracts some sellers to near 0.8270 during the early European session on Monday. Trade-related uncertainties between the US and China and persistent geopolitical risks boost the safe-haven demand, benefiting the Swiss Franc (CHF).
Fxstreet
Mon, Apr 28
Gold falls as easing US-China tensions dent safe-haven demand
China exempts some goods from U.S. tariffsDollar up 0.1% against its peersRisk assets are feeling slightly better, analyst saysBy Anushree Mukherjee April 28(Reuters) - Gold retreated on Monday as easing U.S.-China trade tensions boosted investors' risk appetite and dented the demand for the ...Reuters
Mon, Apr 28
ECB consensus builds for June rate cut but no appetite for big move, sources say
WASHINGTON, April 26 (Reuters) - European Central Bank policymakers are becoming increasingly confident about cutting interest rates in June as inflation continues its march lower, but there is little to no appetite for a big move, six sources told Reuters.Reuters
Mon, Apr 28
Toyota Industries shares set to surge on potential buyout by Toyota Motor
TOKYO, April 28 (Reuters) - Shares of Toyota Industries 6201.T were set for their biggest daily jump on record on Monday after Japanese automaker Toyota 7203.T said it was considering a potential buyout of the key parts supplier, which has a market value of 4 trillion yen ($28 billion).Reuters
Mon, Apr 28
JGB yields tick lower, tracking US peers ahead of BOJ meeting
TOKYO, April 28 (Reuters) - Japanese government bond yields edged lower on Monday, under pressure from a decline in U.S. Treasury yields, with traders seeing little chance for any near-term policy tightening by the Bank of Japan.
Reuters
Mon, Apr 28
China's Huawei develops new AI chip, seeking to match Nvidia, WSJ reports
April 27 (Reuters) - China's Huawei Technologies is preparing to test its newest and most powerful artificial-intelligence processor, hoping to replace some higher-end products of U.S. chip giant Nvidia NVDA.O, the Wall Street Journal reported on Sunday.Huawei has approached some Chinese tec...Reuters
Mon, Apr 28
Japan denies report citing Bessent's push for strong yen
TOKYO, April 28 (Reuters) - Japan's top currency diplomat Atsushi Mimura on Monday denied a report in the Yomiuri newspaper that cited U.S. Treasury Secretary Scott Bessent as saying during a bilateral meeting with Japanese Finance Minister Katsunobu Kato in Washington that a weak dollar and a s...Reuters
Mon, Apr 28