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Yahoo
20 minutes ago
- Yahoo
Euro under pressure as US-EU trade deal fails to impress
By Rae Wee SINGAPORE (Reuters) -The euro struggled to recoup its steep losses on Tuesday as investors sobered up to the fact that terms of the trade deal between the U.S. and the European Union favoured the former and hardly lifted the economic outlook of the bloc. France, on Monday, called the framework trade agreement a "dark day" for Europe, saying the bloc had caved in to U.S. President Donald Trump with an unbalanced deal that slapped a headline 15% tariff on EU goods. German Chancellor Friedrich Merz said his economy would suffer "significant" damage due to the agreed tariffs. The euro slid 1.3% in the previous session, its sharpest one-day percentage fall in over two months, on worries about growth and as euro-area government bond yields fell. The common currency last traded 0.07% higher at $1.1594. "It hasn't taken long for markets to conclude that this relatively good news is still, in absolute terms, bad news as far as the near term implications for euro zone growth are concerned," said Ray Attrill, head of FX research at National Australia Bank. "The deal has been roundly condemned by France while others - including German Chancellor Merz, are playing up the negative consequences for exporters, and with that, economic growth." The slide in the euro in turn boosted the dollar, which jumped 1% against a basket of currencies overnight. The dollar held on to gains on Tuesday and knocked sterling to a two-month low of $1.3349. The yen edged marginally higher to 148.49 per dollar. The dollar index steadied at 98.67. "While the U.S. dollar's strength... may reflect the perception that the new U.S.-EU deal is lopsided in favour of the U.S., the U.S. dollar's strength may also reflect a feeling that the U.S. is re-engaging with the EU and with its major allies," said Thierry Wizman, global FX and rates strategist at Macquarie Group. Still, Trump said on Monday most trading partners that do not negotiate separate trade deals would soon face tariffs of 15% to 20% on their exports to the United States, well above the broad 10% tariff he set in April. Elsewhere, the Australian dollar eased 0.05% to $0.6518, while the New Zealand dollar was little changed at $0.5972. The offshore yuan was little changed at 7.1813 per dollar. Top U.S. and Chinese economic officials met in Stockholm on Monday for more than five hours of talks aimed at resolving long-standing economic disputes at the centre of a trade war between the world's top two economies, seeking to extend a truce by three months. Apart from trade negotiations, focus this week is also on rate decisions from the Federal Reserve and the Bank of Japan (BOJ). Both central banks are expected to stand pat on rates, but traders will watch subsequent comments to gauge the timing of their next moves.
Yahoo
28 minutes ago
- Yahoo
Why I'm Obsessed With This 6% Monthly Income Producer
Written by Demetris Afxentiou at The Motley Fool Canada Most, if not all, investors look forward to building a well-diversified portfolio. One of the main components of that portfolio is a monthly income producer. Here's a stellar option that isn't just a monthly income producer, but an exceptional choice for long-term investors to consider right now. The traditional way to establish an income stream When it comes to establishing a monthly passive income stream, most investors are immediately drawn to owning a rental property. And there's a good reason for that. Owning a rental property provides a recurring income stream for investors. In the longer term, it also represents equity that can continue to generate income or even be passed on. Unfortunately, that's where the benefits end. In recent years, the price of buying a home has increased significantly. This, in turn, has put pressure on landlords to raise rents to meet the other big change: interest rates. And to top it all off, taxes continue to rise, and prospective landlords still need to find (and keep) paying tenants. Finally, once all those payments are made, any profit from the rental would be minuscule at best, considering the massive upfront downpayment required. In other words, it's a risky venture that's hardly worth its label as a monthly income producer. Here's the monthly income producer your portfolio needs The alternative to owning a rental property is to invest in RioCan Real Estate (TSX: RioCan is one of the largest REITs in Canada. For those unfamiliar with them, REITs are specific types of companies that own and operate income-producing real estate. They often span various types of real estate and offer investors an opportunity to invest in diverse real estate assets. More importantly, they can provide a juicy income stream to investors, which is not unlike a landlord collecting rent. In the case of RioCan, the company boasts a portfolio of commercial retail and mixed-use residential properties. Over the past several years, RioCan has shifted that mix to include more of the latter. The properties are located primarily on transit routes in Canada's major metro markets. Additionally, unlike owning a traditional rental unit property, there is considerably less risk when investing in RioCan. The 6% monthly income producer One of the main reasons why investors flock to REITs like RioCan is for the monthly dividend. As of the time of writing, RioCan offers a juicy 6.5% distribution. This means that investors who can drop $25,000 into the REIT (as part of a larger, well-diversified portfolio) will generate a monthly income of just over $135. Prospective investors should note that this income comes without a mortgage, property tax bill, or property maintenance. The initial outlay in this example of $25,000 is also considerably less than the typical downpayment needed for a single-unit home. Keep in mind that investors who aren't ready to draw on that income yet can choose to reinvest it. This allows any eventual income to continue growing until needed. Furthermore, invest in RioCan as part of your TFSA and that income suddenly becomes tax-free. In other words, RioCan is a 6% monthly income producer that could be a game-changer for any portfolio. Will you consider RioCan? RioCan offers investors an opportunity to invest in a monthly income producer that is both well-diversified and growing. The company is also a lower-risk option when compared with a traditional rental property. In my opinion, investors seeking a monthly income producer should consider adding RioCan to any well-diversified portfolio. Buy it, hold it, and watch your future income grow. The post Why I'm Obsessed With This 6% Monthly Income Producer appeared first on The Motley Fool Canada. Should you invest $1,000 in RioCan right now? Before you buy stock in RioCan, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and RioCan wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 3 Canadian Companies Powering the AI Revolution A Commonsense Cash Back Credit Card We Love Fool contributor Demetris Afxentiou has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
Yahoo
32 minutes ago
- Yahoo
Oil climbs on EU trade deal, potential US-China tariff truce extension
By Anjana Anil (Reuters) -Oil extended gains on Tuesday, lifted by hopes of improved economic activity after the U.S.-EU trade deal, a potential U.S.-China tariff truce and President Donald Trump's shorter deadline for Russia to end the Ukraine war. Brent crude futures were up 24 cents, or 0.34%, to $70.28 a barrel by 0000 GMT, while U.S. West Texas Intermediate crude was at $66.93 a barrel, up 22 cents, or 0.33%. Both contracts settled more than 2% higher in the previous session, and Brent touched its highest level since July 18 on Monday. The trade agreement between the United States and the European Union, while imposing a 15% import tariff on most EU goods, sidestepped a full-blown trade war between the two major allies that would have rippled across nearly a third of global trade and dimmed the outlook for fuel demand. Oil prices were also supported by news of a possible extension of the trade truce between the U.S. and China, with top economic officials from both countries having met in Stockholm on Monday for more than five hours of talks. The discussions are expected to resume on Tuesday. Meanwhile, Trump set a new deadline on Monday of "10 or 12 days" for Russia to make progress toward ending the war in Ukraine or face sanctions. Trump has threatened sanctions on both Russia and buyers of its exports unless progress is made. "Trump's comments reignited fears that Russia's oil flows would be impacted," ANZ senior commodity strategist Daniel Hynes wrote in a note. "This also comes on the back of the latest sanctions package by the EU against Russia, including a lower price cap on the country's crude and the import of refined products made from Moscow's oil in other countries," Hynes added. Sign in to access your portfolio
