News
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Stocks
China stocks sink on trade war fears; Hong Kong dives 9%
Hong Kong's Hang Seng dives 9% as trade war fans recession fearsChina's CSI300 falls over 5%, yuan hits lowest since JanuaryUBS economist warns of significant economic impactSHANGHAI, April 7 (Reuters) - Hong Kong and Chinese stocks dived on Monday after Beijing fired back at U.S. tariffs wi...Reuters
Mon, Apr 7
Commodities
Chile mining minister says copper could find support at $3.9 a pound, newspaper reports
SANTIAGO, April 6 (Reuters) - Chilean Mining Minister Aurora Williams said copper prices could reach a technical support level at $3.90 a pound amid current uncertainty, Diario Financiero reported on Sunday. The minister said in an interview with the newspaper that any adjustment in the metal's ...Reuters
Mon, Apr 7
Economic Indicator
Japanese Yen trims a part of modest gains against USD; bullish potential seems intact
The Japanese Yen (JPY) kicks off the new week on a positive note as US President Donald Trump's sweeping reciprocal tariffs raise the risk of a global economic slowdown and continue to underpin traditional safe-haven assets.
Fxstreet
Mon, Apr 7
Stocks
Japan's Nikkei plunges to 1-1/2-year low as banking shares slump
By Kevin Buckland TOKYO, April 7 (Reuters) - Japan's Nikkei share average tumbled nearly 9% early on Monday, while an index of Japanese bank stocks plunged as much as 17%, as concerns over a tariff-induced global recession continued to rip through markets.The Nikkei .N225 dropped as much as 8...Reuters
Mon, Apr 7
Stocks
Australian heavy rare earths miners rally on China export controls
MELBOURNE, April 7 (Reuters) - Australian-listed miners of heavy rare earths rallied on Monday, shrugging off major selloffs across other markets, on bets Western governments would renew their push to develop a separate supply chain after top producer China set down export controls.Shares of Lynas R...Reuters
Mon, Apr 7
Other
Athletics-Australia's Denny throws down challenge to discus rivals
April 7 (Reuters) - Australian discus thrower Matthew Denny launched himself into world championship contention with a 72.07-metre heave in Oklahoma on Sunday, becoming his nation's first to break the 70-metre barrier.Denny's mark at the Oklahoma Throws Series ranks fifth all-time and is a b...Reuters
Mon, Apr 7
Stocks
Trump's Firm Stance on Tariffs Triggers a "Black Monday"! Nikkei Plummets 9%
TradingKey - The negative impacts of Donald Trump's newly announced tariff policies are escalating rapidly, with global markets appearing to echo the turmoil of the infamous "Black Monday." On Monday, April 7th, during the first half-hour of trading, Japan’s benchmark Nikkei 225 index plunged...
Cryptocurrencies
Bitcoin Price Crashes Hard—Is The Selloff Just Getting Started?
Bitcoin price started a fresh decline below the $83,500 zone. BTC is consolidating losses and might start another decline below the $80,000 level. Bitcoin started a fresh decline below the $82,000 zone. The price is trading below $81,200 and the 100 hourly Simple moving average. There was a break be...NewsBTC
Mon, Apr 7
Economic Indicator
BREAKINGVIEWS-Vietnam faces some very dark days ahead
By Una Galani HONG KONG, April 7 (Reuters Breakingviews) - Within days of launching a global trade war, Donald Trump boasted his counterpart in Vietnam was ready to reduce tariffs to zero. But if officials from Hanoi visiting the United States this week are unable to secure a delay or substantial...Reuters
Mon, Apr 7
Cryptocurrencies
Game Changing Lightchain AI Takes Aim At XRP As $2.00 Warning Signs Show, Ripple’s Lowest Price Hits This Year
With $18.9 million raised during its ongoing presale at a token price of $0.00712, Lightchain AI is attracting significant attention across the crypto landscape. What’s surprising, however, is the quiet entry of several early Dogecoin investors into this emerging project—suggesting confidence in its long-term potential. As the crypto market continues evolving, seasoned players are often […]Cryptopolitan
Mon, Apr 7
Other
EU finance ministers to discuss joint fund to buy and own defence gear
Bruegel think tank proposes European Defence MechanismEDM aims to reduce EU's military dependence on the USCould include non-EU members like Britain, Ukraine, NorwayBy Jan Strupczewski BRUSSELS, April 7 (Reuters) - European Union finance ministers will discuss this week the setting up of a jo...Reuters
Mon, Apr 7
Forex
Australia dollar dives to five-year low as markets bet on big rate cuts
SYDNEY, April 7 (Reuters) - The Australian dollar dived to five-year lows on Monday, slammed by fears that a tit-for-tat global trade war would send the global economy into a recession, which had some traders bet on outsized rate cuts Down Under.
Reuters
Mon, Apr 7
Forex
China's yuan hits 2-1/2-month low as Sino-US trade tensions raise growth fears
SHANGHAI, April 7 (Reuters) - China's yuan slipped to a 2-1/2-month low against the dollar on Monday, dragged down by intensifying trade tensions between the world's two largest economies following tit-for-tat tariffs on each other's goods.
Reuters
Mon, Apr 7
Stocks
INDIA STOCKS-India's Nifty 50 set for sharp drop amid global trade war, US recession fears
By Bharath Rajeswaran April 7 (Reuters) - India's benchmark Nifty 50 is poised to open 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 GIFT Nifty futures GIFc1 were...Reuters
Mon, Apr 7
Stocks
Goldman Sachs expects significant Chinese fiscal easing to offset tariffs
Goldman Sachs expects China to accelerate fiscal easing measuresTrump's tariffs could lower Chinese GDP growth by 0.7 percentage pointChina hints at monetary policy actions, including reserve requirement ratio cutsBy Samuel Shen and Liz Lee BEIJING, April 7 (Reuters) - Goldman Sachs said it e...Reuters
Mon, Apr 7
Commodities
TECHNICALS-CBOT soybeans to retest support at $9.71-1/2
For more technical analyses, please click SINGAPORE, April 7 (Reuters) - The CBOT soybean May contract SK25 is expected to retest support at $9.71-1/2 per bushel, a break below could open the way toward $9.48-3/4. The bounce triggered by the support is classified as a pullback towards a wedge or a m...Reuters
Mon, Apr 7
Forex
FOREX-Yen, Swiss franc jump in volatile trade as global recession fears grow
Australian dollar sinks to five-year lowSome market analysts worried about potential for liquidity eventInvestors betting on Fed cut in MayBy Rae Wee SINGAPORE, April 7 (Reuters) - Investors poured into safe havens like the yen and Swiss franc on Monday and heavily sold the risk-sensitive Austral...Reuters
Mon, Apr 7
Economic Indicator
USD/INR gains ground as Trump-induced tariffs storm intensifies
The Indian Rupee (INR) trades in negative territory on Monday. The local currency remains under pressure after US President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world's largest economy, upending trade and supply chains.Fxstreet
Mon, Apr 7
Cryptocurrencies
Understanding Bitcoin Struggles: Why Realized Cap Indicates A Bear Market
As Bitcoin (BTC), the market’s leading cryptocurrency, continues to trend lower, recent insights from industry experts highlight critical factors influencing BTC’s trajectory. According to Ki Young Ju, CEO of market intelligence firm CryptoQuant, the current Bitcoin bull cycle may be com...NewsBTC
Mon, Apr 7
