Asian markets celebrate Trump’s trade flip-flop, even as he maintains historically high tariffs—and not just on China
It’s not just 125% tariffs against China: There are still 10% tariffs on all U.S. imports, 25% tariffs on imported cars and steel …
It’s not just 125% tariffs against China: There are still 10% tariffs on all U.S. imports, 25% tariffs on imported cars and steel …
As Trump's global tariff war takes a new turn after the announcement of a 90-day pause on tariffs, here are some of the most important market terms investors should know.View on euronews
European markets jumped following Wall Street’s historic rally and gains in Asian trading. However, analysts question the sustainability of the rebound due to President Trump’s unpredictable tariff policy shifts.View on euronews
The memes were flowing as stocks saw their biggest gain in years after Trump hit paused on the trade war for 90 days.
Asian shares followed the US trend and surged overnight with Japan’s benchmark jumping more than 2,000 points almost immediately after the Tokyo exchange opened, as investors welcomed President Donald Trump ’s decision to back off on most of his tariffs.View on euronews
The searing selloff in Treasuries this week in response to tariffs caused dislocations in the world’s biggest bond market, as hedge funds unwound some debt-fuelled bets and investors raised concerns about lasting damage to U.S. markets. While the market participants, who include brokers, traders and investors, said the selloff was orderly, indicators such as bid-ask spreads -- or the difference between buyers' and sellers' asks -- were widening on Wednesday. One trading desk said the bid-ask spread was double its normal levels.
Stocks staged an enormous rally after Trump announced a tariff pause. The Nasdaq soared 12% for its best day since 2001. The Dow rose 3,000 points.
Bond markets in flux as the trade war deepens. The 10-year Treasury touched its highest level since Trump entered office this year.
The U.S. dollar weakened against the yen, Swiss franc and euro on Thursday but also against more risk sensitive currencies such as the Australian dollar, as markets digested President Donald Trump's dramatic reversal on tariffs. Trump stunned financial markets on Wednesday by walking back steep duties on trading partners that had gone into effect less than 24 hours earlier. The U.S. dollar rebounded sharply against the safe-haven Swiss franc and Japanese yen on Wednesday, while Wall Street's main stock indexes leaped as the tariff reprieve brought some relief to investors.
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