News
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Stocks
BREAKINGVIEWS-Yuan is strategic barometer for China post-tariffs
By Hudson LockettHONG KONG, April 7 (Reuters Breakingviews) - The first daily fix for the renminbi’s dollar trading band this week reveals much about China's thinking in the short-term about its trade relationship with the U.S. and the rest of the world, but Beijing's long-term strategic cal...Reuters
Mon, Apr 7
Commodities
Luxury Yacht Maker Alexander Marine Sees No Significant Impact By Trump Tariffs
April 7 (Reuters) - Alexander Marine Co Ltd 8478.TW:SEES NO SIGNIFICANT IMPACT ON COMPANY BY TRUMP TARIFFS AS IT OPERATES IN FREE TRADE ZONELUXURY YACHT PURCHASERS ARE MOSTLY WEALTHY INDIVIDUALS, WITH HIGH FLEXIBILITY IN CHOOSING TRANSACTIONAL AND YACHT REGISTRATION VENUESDESPITE NO IMMEDIATE MATERI...Reuters
Mon, Apr 7
Stocks
Prada Hong Kong stock at 14-month low ahead of Versace deal decision
** Hong Kong shares of Italian luxury group Prada 1913.HK drop nearly 14% to HK$44.3, the lowest level since January 23, 2024** Stock set for the biggest one-day pct decline since August 2021** Prada 1913.F is set to make a decision this week about a potential takeover of smaller rival Versace, a so...Reuters
Mon, Apr 7
Commodities
COMMODITIES-Oil drops to 4-year low, China metals tumble on recession fears
Trade war escalates with new China tariffs on U.S. goodsInvestors fear full-blown global trade war will ravage economyOil prices hit lowest since 2021 amid recession fearsBase metals, gold prices fall as investors sell off assetsBy Naveen Thukral SINGAPORE, April 7 (Reuters) - Oil slid around 3% ...Reuters
Mon, Apr 7
Stocks
REFILE-India's Tata Motors slides 8% after luxury arm JLR pauses exports to US
April 7 (Reuters) - Shares of Indian automaker Tata Motors TAMO.NS sank 8% on Monday after Jaguar Land Rover (JLR), which makes luxury cars, paused exports of its British-made cars to the U.S. following President Donald Trump's 25% tariff came into effect.The slide on the day takes the stock'...Reuters
Mon, Apr 7
Technical Analysis
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC and XRP head to yearly lows while ETH hits two-year bottom
Bitcoin (BTC) price hovers around $78,600 on Monday after falling nearly 5% the previous week. Ethereum (ETH) and Ripple (XRP) also followed in BTC’s footsteps and declined 13% and 10%, respectively, in the previous week.
Cryptocurrencies
Ethereum Price Tanks Hard—Can It Survive the $1,500 Test?
Ethereum price failed to recover above $1,820 and dropped below $1,650. ETH is now consolidating losses and might face resistance near the $1,675 zone. Ethereum failed to stay above the $1,650 and $1,620 levels. The price is trading below $1,650 and the 100-hourly Simple Moving Average. There was a ...NewsBTC
Mon, Apr 7
Commodities
WTI tumbles to a four-year low near $60.00 amid Trump’s tariff woes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.30 during the early Asian session on Monday. The WTI price falls to its lowest point since April 2021 amid the fears that US President Donald Trump’s global tariffs would push the United States (US) into a recession.
Fxstreet
Mon, Apr 7
Stocks
Goldman Sachs raises odds of US recession to 45%
SINGAPORE, April 7 (Reuters) - Goldman Sachs has raised the odds of a U.S. recession to 45% in the next 12 months, joining other investment banks in revising their forecast as fears of a trade war grip markets after sweeping tariffs from U.S. President Donald Trump.
Reuters
Mon, Apr 7
Other
Samsung Elec exec firm's world TV output may be redistributed depending on US tariffs
SEOUL, April 7 (Reuters) - Samsung Electronics' 005930.KS TV business will continue to watch the U.S. tariff situation, and depending on tariffs it plans to allocate production accordingly across about 10 production bases around the world, said Yong Seok-woo, president of visual display business...Reuters
Mon, Apr 7
Commodities
Goldman Sachs lowers 2026 oil price forecasts again
April 7 (Reuters) - Goldman Sachs revised down its annual average price forecasts again for Brent and WTI crude in 2026, citing increased recession risks and the possibility of higher-than-expected OPEC+ supply.In a note dated April 6, the bank cut its 2026 average price forecast by $4 for Brent to ...Reuters
Mon, Apr 7
Stocks
INDIA STOCKS-Indian shares open sharply lower on global trade war, US recession fears
By Bharath Rajeswaran April 7 (Reuters) - Indian shares opened sharply lower on Monday, as concerns over a global trade war and growing recession fears in the U.S. triggered a stock market rout on Wall Street and in other Asian markets.The Nifty 50 .NSEI and the BSE Sensex .BSESN trimmed some los...Reuters
Mon, Apr 7
Stocks
EMERGING MARKETS-Asian stocks sink as global slowdown worries grow
Singapore stocks set for worst intraday performance in 5 yearsTaiwan stocks sink almost 10%Malaysia stock down 5.6%, Philippine shares fall 4.1%By Himanshi Akhand April 7 (Reuters) - Emerging Asian stock markets plunged to multi-year lows on Monday, as investors feared that a full-blown trade war...Reuters
Mon, Apr 7
Stocks
EMERGING MARKETS-Asian stocks sink as global slowdown worries grow
Singapore stocks set for worst intraday performance in 5 yearsTaiwan stocks sink almost 10%Malaysia stock down 5.6%, Philippine shares fall 4.1%By Himanshi Akhand April 7 (Reuters) - Emerging Asian stock markets plunged to multi-year lows on Monday, as investors feared that a full-blown trade war...Reuters
Mon, Apr 7
Stocks
INDIA STOCKS-Indian shares sink on global trade war, US recession fears
By Bharath Rajeswaran April 7 (Reuters) - Indian shares opened sharply lower on Monday, as concerns over a global trade war and growing recession fears in the U.S. triggered a stock market rout on Wall Street and in other Asian markets.The Nifty 50 .NSEI was declined 5% to 21,758.4 in pre-open tr...Reuters
Mon, Apr 7
Technical Analysis
USD/CAD trades with positive bias around mid-1.4200s as Oil prices tumble to multi-year low
The USD/CAD pair attracts some follow-through buying for the second consecutive day on Monday and looks to build on last week's modest recovery from the 1.4030-1.4025 region or year-to-date low.
Fxstreet
Mon, Apr 7
