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Stocks
DuPont dips after China's market regulator launches investigation
** Shares of chemicals and industrial solutions maker DuPont DD.N fall 14.8% to $57.77 ** Report says company's China group under investigation into alleged violation of the country's anti-monopoly law** "We are aware of a report that the State Administration for Market Regulation of the...Reuters
Fri, Apr 4
Stocks
GE Healthcare falls after China begins anti-dumping probe into medical imaging equipment
** Shares of medical equipment maker GE Healthcare GEHC.O fall 13.5% to $62.25** China launches an anti-dumping probe into imports of certain medical X-ray tubes used in CT scans from the U.S.** China also announces export curbs on some medium and heavy rare-earth metals, including gadolinium, which...Reuters
Fri, Apr 4
Stocks
Wall Street 'fear gauge' jumps to 8-month high as stocks sell off
By Saqib Iqbal Ahmed NEW YORK, April 4 (Reuters) - Wall Street's top 'fear gauge' jumped to a fresh eight-month high on Friday as U.S. stocks opened sharply lower after China imposed fresh tariffs on all U.S. goods in response to the Trump administration's sweeping levies.The Cboe...Reuters
Fri, Apr 4
Stocks
US fintechs fall after China imposes additional tariffs
** Shares of U.S. fintech companies fall after China announced an additional 34% tariff on all U.S. goods from April 10** U.S. President Donald Trump said on Wednesday he would impose a 10% baseline tariff on all imports into the U.S. and higher duties on some of the country's biggest trading pa...Reuters
Fri, Apr 4
Cryptocurrencies
Grayscale files for Solana ETF amid rising interest in bitcoin alternatives
April 4 (Reuters) - Grayscale Investments said on Friday it has filed an application with U.S. regulators for an exchange-traded fund aimed at a Solana blockchain, as the cryptocurrency asset manager looks to tap into the increasing momentum around bitcoin alternatives.The U.S. Securities and Exchan...Reuters
Fri, Apr 4
Stocks
Baltic index drops to one-month low as rates across vessels decline
April 4 (Reuters) - The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, slipped to a one-month low on Friday on waning demand across vessel segments as trade war tensions rise.* The main index .BADI, which tracks rates for capesize, pan...Reuters
Fri, Apr 4
Stocks
US drugmakers fall after Trump's new tariff warnings
** Shares of some U.S. drugmakers fall, amid a broader market sell-off, after President Donald Trump threatened steep tariffs on the sector** Pharma stocks briefly rose on Wednesday after Trump spared pharmaceutical products from reciprocal tariffs** Trump said tariffs on the sector are expected to ...Reuters
Fri, Apr 4
Other
Counterpart's Hackett: Agentic AI is inevitable but human judgement remains crucial
By Mia MacGregorApril 4 - (The Insurer) - Agentic AI has the potential to transform the insurance industry but a strong “human in the loop” approach is required to mitigate risks, Counterpart CEO Tanner Hackett said during a panel discussion at the InsurTech NY conference. “The future looks more age...Reuters
Fri, Apr 4
Stocks
US regional banks fall as China retaliates to Trump's tariffs
** Shares of U.S. regional banks fell in morning trade amid a global stock rout prompted by China's retaliation to President Donald Trump's reciprocal tariffs ** Regional banks Fifth Third Bancorp FITB.O, M&T Bank MTB.N and Keycorp KEY.N fall 5.6%, 4.5% and 7.2% respectively ** Com...Reuters
Fri, Apr 4
Commodities
NORDIC POWER-Forward prices head for weekly fall as trade war escalates
April 4 (Reuters) - Nordic forward prices were on track for weekly declines, despite being little changed on Friday, as tariffs from the U.S. and China sparked fears of a global recession. * The Nordic front-quarter baseload power contract ENOFBLQc1 gained 0.75 euros to 17.25 euros per megawatt hour...Reuters
Fri, Apr 4
Stocks
ServiceNow falls after BMO trims PT on potential reduction in federal contracts
** Brokerage BMO Capital Markets cuts PT on digital workflow company ServiceNow NOW.N to $990 from $1,185, rating remains unchanged at "outperform" ** Shares of NOW fall 4.3% to $739.08** Brokerage flags uncertainties for co surrounding lesser contracts from the U.S. federal government as we...Reuters
Fri, Apr 4
Cryptocurrencies
Tether, Bitcoin most popular with Ukraine officials, crypto declarations double during war
A growing number of officials in Ukraine are investing in cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) while the U.S. dollar-pegged stablecoin Tether (USDT) is the most popular store of value among the digital assets in their possession. Declarations of government employees reporting crypto holdings have more than doubled since the beginning of Russia’s full-fledged […]Cryptopolitan
Fri, Apr 4
Stocks
Major US insurers slide after China retaliates with tariffs
** Shares of U.S. insurers fall after China's finance ministry said an additional 34% tariff will be imposed on all U.S. goods from April 10 in a response to U.S. President Donald Trump's sweeping tariffs ** MetLife MET.N down 6.7%, Prudential Financial PRU.N falls 5.4%, Travelers TRV...Reuters
Fri, Apr 4
Stocks
Deere, Caterpillar down after China hits back at Trump tariffs
** Shares of industrial equipment makers fall after China to impose additional 34% tariffs on all U.S. goods** China also to impose export restrictions on some rare earths effective April 4** The ban on items related to rare earth elements is the latest demonstration of China's ability to weapon...Reuters
Fri, Apr 4
Economic Indicator
USD/CAD gains further to near 1.4240 after US/Canada employment data
The USD/CAD pair extends its upside to near 1.4240 during North American trading hours on Friday. The Loonie pair strengthens as the Canadian Dollar (CAD) falls further after the release of the downbeat employment data for March.
Fxstreet
Fri, Apr 4
Commodities
FACTBOX-Goldman Sachs cuts oil forecasts for 2025, 2026 on tariff worries, OPEC+ supply
April 4 (Reuters) - Goldman Sachs reduced its Brent and WTI oil forecasts for 2025 and 2026 on the expectation of higher OPEC+ supply and the risk of an escalating trade conflict will trigger a global recession, denting demand, the bank said in note on Thursday.The bank dropped its 2025 average fore...Reuters
Fri, Apr 4
Forex
After tariff shock, Trump may weaponise finance against allies
U.S. wields power as epicentre of financial worldMar-a-Lago accord for dollar devaluation seen as unlikelyMore aggressive tactics may involve dollar funding, paymentsU.S. bankers fear European blowbackBy Francesco Canepa and John O'Donnell FRANKFURT, April 4 (Reuters) - With the ink still fre...Reuters
Fri, Apr 4
Economic Indicator
US automakers fall as China announces retaliatory tariffs
** Shares of U.S.-based automakers fall as China slaps additional tariffs of 34% on U.S. imports into the country** Ford F.N down 2.4% and General Motors GM.N down 4.3%** In 2024, GM sold 1.83 million vehicles in China, accounting for 30.6% of its total vehicle sales ** China represented 11.6% of Fo...Reuters
Fri, Apr 4
Other
Trump TikTok sale deadline looms as US looks for deal
By David ShepardsonWASHINGTON, April 4 (Reuters) - China's ByteDance faces a Saturday deadline to sell the U.S. assets of TikTok to a non-Chinese buyer, which was imposed by President Donald Trump in January, or face a ban that was supposed to take effect in January under a 2024 law. Trump s...Reuters
Fri, Apr 4
