Trump Tariffs Hurt US Dollar as China, EU Vow Response
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. -------- Today's guests: Leslie Vinjamuri, Chatham House; Jonathan Reynolds, UK Business & Trade Secretary; Beata Manthey, Citigroup; Amur Lakshminarayanan, Tata Communications CEO; Bernd Lange, EU Parliament International Committee Chair (Source: Bloomberg)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
40 minutes ago
- Bloomberg
Carney to Fast-Track ‘Nation-Building' Projects Through Bill
Prime Minister Mark Carney announced legislation on Friday to fast-track 'nation-building' projects in Canada and remove internal barriers to trade in an effort to shore up the country's economy from the US tariff barrage. The bill that aims to build 'one Canadian economy' targets projects that may include ports, railways, highways, critical-mineral mines, oil pipelines and electricity transmission systems. The government's overall goal is to speed up approvals to two years.
Wall Street Journal
2 hours ago
- Wall Street Journal
Gold Choppy After Jobs Report
0913 ET – Gold futures came under minor pressure following the May jobs report, with the expected slowdown in hiring being less than expected by economists. The continuous contract briefly turned down 0.1% after the report's release, but it has since returned to being up 0.2% in early trading. Precious metals are expected to end the week on a high note, says Peter Cardillo of Spartan Capital Securities in a note. 'Metals are on track to close the week with strong gains, as both gold and silver continue to show a positive upward trend,' Cardillo says. The jobs report showed 139,000 jobs added, more than the consensus estimate of 125,000 jobs. ( 0838 GMT – Gold futures rise, on-track to finish the week higher. Futures are up 0.25% at $3,383.60 a troy ounce. The precious metal has gained on renewed trade tensions, geopolitical risks and a weaker U.S. dollar, BMI analysts say in a note. Earlier in the week, President Trump doubled existing steel and aluminum tariffs to 50%, the Russia-Ukraine war intensified and the dollar slid, improving gold's safe-haven appeal. Gold looks like it has further room to rise, given the U.S. Federal Reserve should eventually cut interest rates again and significant volatility is set to persist as global markets remain on edge, BMI says. Lower interest rates are typically a boon for non-interest bearing bullion. (
Bloomberg
2 hours ago
- Bloomberg
A Fed Official Goes Hunting for Inflation Clues in the Heartland
On a hot, sunny afternoon in early June, Austan Goolsbee traded a desk in his bookshelf-lined office at the Federal Reserve Bank of Chicago for a cramped brick booth on a small island in the middle of the Mississippi River. On the border of Illinois and Iowa, with a black lever in each hand, Goolsbee carefully closed two miter gates at Locks and Dam 15, allowing a chemical barge to sail on to the next part of the river. He was there to tour the facility and meet with local business leaders and farmers, hoping to gain a better understanding of how his region's economy — the most exposed to tariffs among the Fed's 12 districts — is coping with the Trump administration's ever-changing trade policies.
