China New Loans came in at 3640B, above forecasts (3000B) in March
China New Loans came in at 3640B, above forecasts (3000B) in March Source link
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Smartphones, computers and chips will still face 20% tariffs
The White House’s Stephen Miller — who is prickly at the best of times — is out with a tweet noting that 20% fentanyl tariffs still apply to China. He wrote this in response to a Washington Post article: Washington Post: maybe your reporters should try reading before posting. These products are subject to the
Trump exempts phones, computers, chips from new tariffs
Weekend info on what appears to be a reversal on tariffs from Trump, an easing on tech goods. The U.S. Customs and Border Protection issued a notice late Friday stating that certain goods would be excluded from both Trump’s 10% global tariff on most countries and the significantly higher import tax on Chinese products. Smartphones
A Whirlwind Week Leaves US Assets Reeling Amid Tariff Turmoil
It has been a brutally volatile week across global markets, driven by a whirlwind of US tariff implementations, abrupt reversals, and rapid retaliatons. Investors were left scrambling to make sense of the White House’s constantly shifting trade stance. We won’t attempt to recap every step of the tariff saga, when even members of the administration
Deutsche Bank ECB preview: “The arguments now clearly favour a cut.”
The market is now fully priced for an ECB rate cut on Thursday and Deutsche Bank economists have got on board. The economic hit from reciprocal tariffs, uncertainty, and tighter financial conditions likely exceeds what the ECB was expecting Previous ECB assumptions that tariffs would boost inflation have been challenged Recent developments including higher EUR,
Banxico minutes signal more easing ahead as economy slows
Banxico board sees increased economic slack and downside inflation risks, reinforcing expectations for more rate cuts. Majority noted orderly MXN trading and improving liquidity conditions despite external volatility. USD/MXN could test 20.00 if support at 20.30 breaks; upside risk only resumes above 20.50. On Thursday, April 10, Banco de Mexico (Banxico) released its latest meeting
Forexlive Americas FX news wrap 11 Apr: USD lower.Stocks best week in 2024/bonds the worst
The U.S. dollar ended the day sharply lower, led by a -1.50% drop versus the New Zealand dollar, followed by a -1.35% decline against the euro, and a -1.03% fall versus the Australian dollar. The dollar’s weakest performance was against the yen, falling a relatively modest -0.60%. The move lower was supported by a string
What key earnings will be released next week?
Monday Before Open: Goldman Sachs M&T Bank After Close: FirstBank Pinnacle Financial Partners Tuesday Before Open: Bank of America Citi Johnson & Johnson PNC Albertsons Ericsson After Close: United Airlines Interactive Brokers J.B. Hunt Wednesday Before Open: ASML US Bancorp Abbott Progressive insurance Travelers Prologis After Close: Alcoa CSX Kinder Morgan Thursday Before Open: TSMC
Markets weekly outlook – Tariff rollercoaster continues, ECB rate decision and inflation data in focus
The upcoming week will focus on U.S. President Donald Trump’s plans for new tariffs. Alongside this, markets will also watch U.S. jobs data, an Australian central bank meeting, and a key eurozone inflation report. Asia Pacific Markets The main focus this week in the Asia Pacific region will be Japanese inflation and a host of
GBP/USD rallies past 1.3000 as China escalates trade-war with US
GBP/USD rallies past 1.3000 as China escalates trade-war with US GBP/USD climbs above 1.3100 on persistent USD weakness UK GDP rebounds 0.5% MoM in February vs. 0.1% expected The UK economy expanded in February, with the Gross Domestic Product (GDP) rebounding 0.5% after recording no growth in January, the latest data published by the Office