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HEDGE FLOW-Hedge funds rush to cut Asia exposure ahead of US tariff announcement
By Summer Zhen HONG KONG, April 2 (Reuters) - Hedge funds dumped stocks and lowered leveraged positions in Asian markets last week, data from Morgan Stanley shows, pointing to their defensive stance before U.S. President Donald Trump's announcement of new reciprocal tariffs on April 2. South ...Reuters
Wed, Apr 2
Jefferies ups Engie to 'buy' on visible earnings outlook
** Jefferies upgrades Engie ENGI.PA to "buy" from "hold" based on the French energy group's more "convincing equity story" with visible earnings and manageable overhangs** "Engie's impressive FY24 update compels us to review our downgrade from January," Jeffer...Reuters
Wed, Apr 2
LIVE MARKETS-Morning Bid: Markets at a standstill before tariff drama
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com. MORNING BID: MARKETS AT A STANDSTILL BEFORE TARIFF DRAMA With less than 24 hours left until U.S. President Donald Trump...Reuters
Wed, Apr 2
How hedge funds have positioned for Trump's 'Liberation Day'
Trump expected to publish most ambitious tariff plans yetUS markets should rally over next year after initial dip, Goldman Sachs saysBy Nell Mackenzie LONDON, April 1 (Reuters) - Hedge funds have scaled back risky bets and sought safety, data from Goldman Sachs GS.N shows, ahead of this week'...Reuters
Wed, Apr 2
April 2 "Trump Liberation Day": Businesses and Consumers Struggle to Protect Their Wallets—Where Are the Safe Havens for Investors?
TradingKey – U.S. President Donald Trump is set to officially announce a reciprocal tariff plan at 4:00 PM local time on April 2 in the White House Rose Garden, as U.S. stocks continue to suffer amid volatile trade policy shifts.TradingKey
Wed, Apr 2
GLOBAL MARKETS-Stocks tread with caution as Trump's tariff plans loom
Gold hangs near record high on safe-haven flowsCurrency market muted ahead of reciprocal tariffsInvestors brace for Trump's levies due at 2000 GMTBy Ankur Banerjee SINGAPORE, April 2 (Reuters) - Asian stocks wavered on Wednesday, while safe-haven gold held near record highs as a nervous worl...Reuters
Wed, Apr 2
Australian shares close higher; focus on Trump tariffs
Investors await U.S. tariff plans, potential impact on AustraliaMiners down over 1%ASX200 logs second straight session of gainsBy Roshan Thomas April 2 (Reuters) - Australian shares inched higher on Wednesday, led by banks, although gains were limited as investors exercised caution ahead of U.S. ...Reuters
Wed, Apr 2
EMERGING MARKETS-Asian stocks mixed, currencies tepid ahead of US tariff deadline
Currencies largely flat, equities mixedThailand may see impact of up to $8 bln from U.S. tariffsNew U.S. tariffs announcement scheduled for 2000 GMTBy Himanshi Akhand April 2 (Reuters) - Asian stock markets showed a varied performance on Wednesday, with currencies largely muted, as investors awai...Reuters
Wed, Apr 2
EMERGING MARKETS-Asian stocks mixed, currencies tepid ahead of US tariff deadline
Currencies largely flat, equities mixedThailand may see impact of up to $8 bln from U.S. tariffsNew U.S. tariffs announcement scheduled for 2000 GMTBy Himanshi Akhand April 2 (Reuters) - Asian stock markets showed a varied performance on Wednesday, with currencies largely muted, as investors awai...Reuters
Wed, Apr 2
Stakes high for investors as Trump's 'Liberation Day' tariffs loom
All eyes on Trump's planned tariff announcement on April 2 Stakes high as S&P 500 hovers near recent lowsGlobal financial markets could move sharply on the tariff newsWall St 'fear gauge' higherBy Saqib Iqbal Ahmed NEW YORK, April 2 (Reuters) - Global investors are close to ge...Reuters
Wed, Apr 2
INDIA STOCKS-Indian benchmarks inch higher; caution prevails ahead of US tariffs
By Vivek Kumar M and Bharath Rajeswaran April 2 (Reuters) - India's benchmark indexes inched higher in early trades on Wednesday, driven by bank stocks, but uncertainty over the size and scope of U.S. President Donald Trump's reciprocal tariffs kept gains in check.The NSE Nifty 50 .NSEI r...Reuters
Wed, Apr 2
UK Stocks-Factors to watch on April 2
April 2 - Britain's FTSE 100 .FTSE index is seen opening down on Wednesday, with futures FFIc1 down 0.37%. * THAMES WATER: Thames Water KMBWTH.UL said its debt restructuring proposals had secured approval, with over 95% of the outstanding principal amount of the qualifying Class A debt votin...Reuters
Wed, Apr 2
MPay Integrates Guangzhou Metro QR Code via Alipay+, Accelerating Greater Bay Area Integration Through Transport Links
(Macao – April 2, 2025) – The integration of the Greater Bay Area (GBA) continues to accelerate, driven by advancements in infrastructure, deep tech collaboration, enhanced convenience for residents, and streamlined regulatory frameworks. On April 2, 2025, Guangzhou Metro, Ant Group, and MACAU Pass announced a partnership, enabling Macao residents to seamlessly use MPay for travel across Guangzhou’s entire public transportation network—including metro, buses, and ferries—as well as the Foshan Metro. Powered by Alipay+, Ant International’s cross-border mobile payment and digitalization solution, this initiative makes commuting within the GBA’s "Smart Living Circle" more convenient than ever. MPay users can activate the service by navigating to the "Cross-Border Zone" within the app and selecting "Guangzhou Metro" to generate a ride QR code. Payments are processed in MOP, with exclusive fare discounts under Guangzhou's public transport policy: a 20% reduction after spending RMB 80 in a month, increasing to 50% upon reaching RMB 200.As digital innovation continues to reshape daily life, the GBA is witnessing an accelerated integration of smart services. Since the launch of MPay’s Cross-Border Zone in August 2024, Macao residents have been able to use their familiar e-wallet for seamless transactions across the Chinese mainland. With access to over 70 cross-border mini-programs, users can enjoy personalized services and exclusive discounts across various sectors, including transportation, dining, and shared rentals.Sun Ho, Chairman and CEO of MACAU Pass, emphasized: "As a one-stop super app, MPay now supports a wide range of cross-border scenarios, spanning payments, transportation, and lifestyle services. Our integration with Guangzhou Metro marks a significant milestone for cross-border commuting, further advancing the GBA’s ‘1-Hour Living Circle.’ We're pioneering digital solutions in the Greater Bay Area using advanced technologies, creating replicable models for mainland expansion and enhanced regional connectivity."In recent years, policy reforms have streamlined entry for foreign nationals and Hong Kong/Macao residents. A spokesperson from Guangzhou Metro Group remarked: "Guangzhou and Macao are at the heart of the GBA, with strong intercity ties and metro systems as the backbone of daily commutes. Our partnership with Alipay+ and MPay enhances travel convenience for Macao residents while deepening regional cooperation. Looking ahead, we aim to unify transit systems with a nationwide QR code for urban rail, advancing a seamless ‘One Ticket, One Network’ strategy across the GBA."Venetia Lee, Greater China General Manager of Ant International, said: "Alipay+ is playing a key role in deepening GBA integration. Beyond improving cross-border connectivity, this initiative upgrades residents' consumption pattern from traditional spending to ‘experience-driven economy.’ More importantly, it enhances digital connectivity with warmth, making cross-border services resonate in daily life."02/04/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Wed, Apr 2
MORNING BID EUROPE-Markets at a standstill before tariff drama
A look at the day ahead in European and global markets from Ankur BanerjeeWith less than 24 hours left until U.S. President Donald Trump unveils his reciprocal tariff plans to a nervous world, market moves have slowed to a crawl as investors hunker down and minimise their risk ahead of a likely vola...Reuters
Wed, Apr 2
INDIA STOCKS-India's benchmarks inch higher at the open after Tuesday's drop
April 2 (Reuters) - India's benchmark indexes inched higher at the open on Wednesday after logging their worst day in a month in the previous session, with caution prevailing as investors awaited U.S. President Donald Trump's latest round of tariffs. The NSE Nifty 50 .NSEI rose 0.12% to 2...Reuters
Wed, Apr 2
GLOBAL MARKETS-Stocks on tenterhooks as Trump's tariff plans loom
Gold hangs near record high on safe-haven flowsCurrency market muted ahead of reciprocal tariffsInvestors brace for Trump's leviesBy Ankur Banerjee SINGAPORE, April 2 (Reuters) - Asian stocks stuttered on Wednesday, while the safe-haven gold was stuck near record highs as a nervous world awai...Reuters
Wed, Apr 2
Could Buying Celsius Stock Today Make You a Millionaire by 2030?
Every investor wants to make a lot of money from their holdings. This is exactly what Celsius (NASDAQ: CELH) has done. The health-focused energy drink purveyor has seen its shares skyrocket 2,560% just in the past five years (as of March 31), turning a small $38,000 initial capital outlay into a sev...The Motley Fool
Wed, Apr 2
Better Buy Right Now With $2,000: Bitcoin or Solana?
2025 has already been a chaotic year for both Bitcoin (CRYPTO: BTC) and Solana (CRYPTO: SOL), with the former losing 6% of its value and the latter losing 28% even as both are exposed to major catalysts in the form of an emerging apparently pro-crypto regulatory regime in the U.S.But through the res...The Motley Fool
Wed, Apr 2
Is Now the Time to Buy the 3 Worst-Performing Stocks in the S&P 500 This Year?
Heading into trading on Monday, the S&P 500 was down around 5% to start 2025. Investors are worried about what lies ahead for the economy, and as a result, stocks have been in a free fall. The three worst-performing stocks on the broad index as of Monday were Deckers Outdoor (NYSE: DECK), Tesla (NAS...The Motley Fool
Wed, Apr 2
Better AI Stock: Amazon vs. Oracle
Artificial intelligence (AI) stocks have been some of the top performers on Wall Street over the last few years. Yet, just like any other sector, they come in many different shapes and sizes. So, let's review two of the largest and best-known AI stocks -- Oracle (NYSE: ORCL) and Amazon (NASDAQ: AMZN...The Motley Fool
Wed, Apr 2
