News
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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
Other
PRESS DIGEST- Financial Times - April 7
April 7 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- EV targets watered down to help tariff-hit UK car industry- Britain to dilute rules for smaller private equity firms and hedge funds- ...Reuters
Mon, Apr 7
Commodities
METALS-China metals tumble after trade war retaliation; copper hits over three-month low
SHANGHAI, April 7 (Reuters) - Base metal prices in China fell sharply on Monday as the escalating global trade war fueled fears of a recession, with copper prices sliding to a more than three-month low.The most-traded copper contract on the Shanghai Futures Exchange (SHFE) dropped 7% to 73,640 yuan ...Reuters
Mon, Apr 7
Stocks
China stocks sink on trade war fears; Hong Kong dives 10%
SHANGHAI, April 7 (Reuters) - Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of a widening global trade war and fears it will unleash a deep recession.Hong Kong's Hang Seng index .HSI slumped more than 10% in morning trade which, if sustained, would...
Commodities
Goldman Sachs cuts oil price forecasts for 2026
April 7 (Reuters) - Goldman Sachs has lowered its annual average price forecasts for Brent and WTI crude in 2026, saying recession risks have grown further and that OPEC+ supply may rise more than the bank had previously assumed. "Our annual average 2026 forecasts are now $58 for Brent, and $55 ...Reuters
Mon, Apr 7
Forex
China's forex reserves rise less than expected in March
BEIJING, April 7 (Reuters) - China's foreign exchange reserves rose less than expected in March, official data showed on Monday, as the dollar weakened against other major currencies. The country's foreign exchange reserves, the world's largest, increased $13.4 billion last month to $3.2...Reuters
Mon, Apr 7
Commodities
Saudi Arabia Sets May Arab Light Crude Oil OSP To US At Plus $3.60/Bbl, source says
April 7 (Reuters) - SAUDI ARABIA SETS MAY ARAB LIGHT CRUDE OIL OSP TO NW EUROPE AT PLUS $2.55/BBL TO ICE BRENT SETTLEMENT- PRICING DOCUMENT SEEN BY REUTERSSAUDI ARABIA SETS MAY ARAB LIGHT CRUDE OIL OSP TO UNITED STATES AT PLUS $3.60/BBL VERSUS ASCI- PRICING DOCUMENT SEEN BY REUTERSRELATED- nL2N3QK02...Reuters
Mon, Apr 7
Commodities
PRESS DIGEST-British Business - April 7
April 7 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Three of the UK's largest local government pension schemes have stepped-up calls for Shell SHEL.L to ex...Reuters
Mon, Apr 7
Commodities
GRAINS-Chicago soybeans firm, still near year low on China tariffs
BEIJING, April 7 (Reuters) - Chicago soybean futures rose on Monday, but hovered near its lowest level this year hit in the previous session, after China announced an additional 34% tariff on all U.S. goods, with soybeans expected to take the biggest hit.The most-active soybean contract on the Chica...Reuters
Mon, Apr 7
Stocks
Australian copper miners plunge as commodity prices track global market sell-off
** Australian copper miners track copper prices lower as commodities and equities around the world remain subject to sell-offs amid fears of an economic slowdown as Trump's tariffs take effect MKTS/GLOB** Australia-listed shares of Capstone Copper CSC.AX tumble as much as 17.1% to a record low o...Reuters
Mon, Apr 7
Commodities
WRAPUP 4-Trump compares tariffs to 'medicine' as Asian markets convulse
Taiwan, Israel and India seek dealsTrump says countries will have to 'pay a lot of money'Ackman warns of 'nuclear winter' unless tariffs pausedBy Trevor Hunnicutt ABOARD AIR FORCE ONE, April 6 (Reuters) - U.S. President Donald Trump said on Sunday foreign governments would have to...Reuters
Mon, Apr 7
Stocks
INDIA STOCKS-India's Nifty 50 set for sharp drop amid global trade war, US recession fears
By Bharath RajeswaranApril 7 (Reuters) - India's benchmark indexes are 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.The GIFT Nifty futures GIFc1 were trading at 21,128.5, as of 7:21 a.m. IST, ind...Reuters
Mon, Apr 7
Stocks
GLOBAL MARKETS-Stocks dive in Asia, markets hunger for rapid US rate cuts
Asian stock markets : https://tmsnrt.rs/2zpUAr4S&P 500 futures drop over 3%, Nikkei slides 6%Futures price in extra 25bps Fed easing this yearTreasuries extend rally, safe haven yen gainsOil dives 2% as global recession risks mountBy Wayne Cole SYDNEY, April 7 (Reuters) - Major stock indexes ...Reuters
Mon, Apr 7
Stocks
EMERGING MARKETS-Asian stocks sink as tariff worries rattle investors
April 7 (Reuters) - Equities in Asian emerging markets plummeted on Monday to multi-year lows, as fears of a global recession fuelled by U.S. President Donald Trump's harsher-than-expected tariffs gripped markets.The Singapore benchmark index .STI fell 7% at the open and was on course for its bi...Reuters
Mon, Apr 7
Stocks
EMERGING MARKETS-Asian stocks sink as tariff worries rattle investors
April 7 (Reuters) - Equities in Asian emerging markets plummeted on Monday to multi-year lows, as fears of a global recession fuelled by U.S. President Donald Trump's harsher-than-expected tariffs gripped markets.The Singapore benchmark index .STI fell 7% at the open and was on course for its bi...Reuters
Mon, Apr 7
Other
LG Energy Solution flags 138% rise in Q1 operating profit
SEOUL, April 7 (Reuters) - LG Energy Solution (LGES) 373220.KS, an electric vehicle (EV) battery supplier for General Motors GM.N and Tesla TSLA.O, estimated on Monday a 138% rise in its quarterly operating profit. However, excluding tax credits under the U.S. Inflation Reduction Act, LG Energy Solu...Reuters
Mon, Apr 7
