Latest news with #KyleRodda
Economic Times
3 days ago
- Business
- Economic Times
Stock futures rise as Trump, EU reach tariff deal
Stock-index futures climbed after the European Union struck a deal with President Donald Trump that will see the bloc face 15% tariffs on most exports, averting a potentially damaging trade war. ADVERTISEMENT S&P 500 contracts rose 0.4% and those for European stocks jumped 1%. The euro was slightly stronger against the dollar after the US-EU deal. Asian shares fluctuated at the open as Japanese equities declined 0.4%. Treasuries dipped slightly with yields on the 10-year gaining one basis point to 4.4%. Gold edged lower and oil was marginally higher. Investors are bracing for a busy week of data - including meetings of the Federal Reserve and the Bank of Japan - and earnings from megacap companies that could set the tone for the rest of the year in markets and the economy. Stocks have risen from their slump in April as investors speculate the US will strike trade deals with countries and that will help avoid significant damage to company earnings and the global economy. 'A US trade deal with the EU sets the markets up for a positive start to the week, although market participants also confront one of the busiest weeks on the economic calendar for the year,' wrote Kyle Rodda, a senior market analyst at in and European Commission President Ursula von der Leyen announced the EU deal on Sunday at his golf club in Turnberry, Scotland, although they didn't disclose the full details of the pact or release any written hard-fought deal will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy. ADVERTISEMENT Meanwhile, the US and China are expected to extend their tariff truce by another three months, the South China Morning Post reported. The report comes ahead of trade talks between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Stockholm on in Asia, Japanese Prime Minister Shigeru Ishiba signaled he intended to stay in office despite a growing number of calls within the ruling party for him to step down. Later in the week, the Bank of Japan is set to keep interest rates unchanged with traders on alert for any signs of future guidance by the central bank. ADVERTISEMENT This week will also bring a US jobs report, while Magnificent Seven members Apple Inc., Inc., Microsoft Corp. and Meta Platforms Inc. are all due to report numbers. Robust corporate earnings have bolstered investor confidence in US stocks, as companies head for their highest share of beats since the second quarter of in trade deals, positive economic data and corporate resilience have offset worries that stocks are overheating. More than 80% of S&P 500 companies have exceeded profit estimates, according to data compiled by Bloomberg Intelligence. ADVERTISEMENT However, the risk of a bubble in stock markets is rising as monetary policy loosens alongside an easing in financial regulation, according to Bank of America Corp.'s Michael geopolitical news, Thailand and Cambodia are set to hold talks Monday to discuss an end to their deadly border clashes after US President Donald Trump warned Washington wouldn't make a trade deal with either country while the conflict continued. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
Stock futures rise as Trump, EU reach tariff deal
Stock-index futures climbed after the European Union struck a deal with President Donald Trump that will see the bloc face 15% tariffs on most exports, averting a potentially damaging trade war . S&P 500 contracts rose 0.4% and those for European stocks jumped 1%. The euro was slightly stronger against the dollar after the US-EU deal. Asian shares fluctuated at the open as Japanese equities declined 0.4%. Treasuries dipped slightly with yields on the 10-year gaining one basis point to 4.4%. Gold edged lower and oil was marginally higher. Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking Project Management Cybersecurity Artificial Intelligence Management Healthcare Data Science Product Management CXO Others MBA Technology Data Science Leadership MCA Finance healthcare Degree Operations Management others Data Analytics Digital Marketing Public Policy PGDM Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details Skills you'll gain: Duration: 25 Weeks IIM Kozhikode CERT-IIMK PCP DTIM Async India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thousands Of Black Horse Customers Could Be Due Huge Compensation Resolve My Claim Undo Investors are bracing for a busy week of data - including meetings of the Federal Reserve and the Bank of Japan - and earnings from megacap companies that could set the tone for the rest of the year in markets and the economy. Stocks have risen from their slump in April as investors speculate the US will strike trade deals with countries and that will help avoid significant damage to company earnings and the global economy . 'A US trade deal with the EU sets the markets up for a positive start to the week, although market participants also confront one of the busiest weeks on the economic calendar for the year,' wrote Kyle Rodda, a senior market analyst at in Melbourne. Trump and European Commission President Ursula von der Leyen announced the EU deal on Sunday at his golf club in Turnberry, Scotland, although they didn't disclose the full details of the pact or release any written materials. Live Events The hard-fought deal will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy. Meanwhile, the US and China are expected to extend their tariff truce by another three months, the South China Morning Post reported. The report comes ahead of trade talks between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Stockholm on Monday. Elsewhere in Asia, Japanese Prime Minister Shigeru Ishiba signaled he intended to stay in office despite a growing number of calls within the ruling party for him to step down. Later in the week, the Bank of Japan is set to keep interest rates unchanged with traders on alert for any signs of future guidance by the central bank. This week will also bring a US jobs report, while Magnificent Seven members Apple Inc., Inc., Microsoft Corp. and Meta Platforms Inc. are all due to report numbers. Robust corporate earnings have bolstered investor confidence in US stocks, as companies head for their highest share of beats since the second quarter of 2021. Progress in trade deals, positive economic data and corporate resilience have offset worries that stocks are overheating. More than 80% of S&P 500 companies have exceeded profit estimates, according to data compiled by Bloomberg Intelligence. However, the risk of a bubble in stock markets is rising as monetary policy loosens alongside an easing in financial regulation, according to Bank of America Corp.'s Michael Hartnett. In geopolitical news, Thailand and Cambodia are set to hold talks Monday to discuss an end to their deadly border clashes after US President Donald Trump warned Washington wouldn't make a trade deal with either country while the conflict continued.
Perth Now
08-07-2025
- Business
- Perth Now
Australian shares seesaw ahead of Reserve Bank decision
The local share market has been gyrating between positive and negative territory amid tariff uncertainty and as traders wait for the latest Reserve Bank decision on interest rates. The ASX200 began trading on Tuesday with a 17-point fall, then climbed 20.7 points into the green in the second hour of trading before sinking back slightly into the red. At noon the benchmark S&P/ASX200 index was down 7.3 points, or 0.08 per cent, to 8,582.2, while the broader All Ordinaries was down 4.5 points, or 0.05 per cent, to 8,821.9. analyst Kyle Rodda said markets had received a "quick punch in the guts" as Wednesday's US trade deal deadline approached. Market participants were expecting a flurry of trade deals with trading partners, but so far only letters about tariffs on the likes of Japan, South Korea and South Africa had been announced. But Mr Rodda added there was some merit to the idea this was all a negotiating tactic by the Trump administration designed to create urgency. Closer to home, it is widely expected that the Reserve Bank will announce later on Tuesday afternoon that it is cutting the cash rate from 3.85 per cent. Earlier on Tuesday, the NAB Business Survey rose to its highest level, in trend terms, in more than a year, suggesting business conditions were starting to stabilise or even turn around after a disappointing start to the year. "After a volatile but soft year for business confidence, we have seen a trend improvement over the past three months," said NAB's head of Australian economics, Gareth Spence. "It is now around its long-run average." Seven of the ASX's 11 sectors were lower at midday, with consumer discretionary, financials, telecommunications and telecommunications higher. Consumer staples was the biggest mover, dropping 1.1 per cent as Coles subtracted 1.0 per cent and A2 Milk retreated 3.3 per cent. In health care, Botanix Pharmaceuticals had plunged 43.6 per cent to 17.5 cents after the clinical dermatology company announced sales figures for the launch of its treatment for primary axillary hyperhidrosis, or excessive underarm sweating. There had been 16,000 prescriptions filled for 6700 patients since February, Botanix said, apparently underwhelming investors who were hoping for far more. In the heavyweight mining sector, BHP was down 1.1 per cent and Rio Tinto had dipped 0.8 per cent, while Fortescue had added 0.6 per cent. In financials, three of the four big banks were higher. CBA had added 0.3 per cent, NAB was up 0.5 per cent and ANZ had advanced 0.4 per cent, while Westpac was down 0.4 per cent. In currency, the Australian dollar was trading for 65.15 US cents, from 65.24 US cents on Monday.
The Advertiser
04-07-2025
- Business
- The Advertiser
Australian shares rise, edge toward new record high
The local share market has been edging higher after a stronger-than-expected US jobs report reaffirmed the strength of the world's largest economy. At noon on Friday, the benchmark S&P/ASX200 index was up 14.2 points, or 0.17 per cent, to 8,610.0 - less than 30 points from its all-time intraday high set three weeks ago, and on track to finish the week 1.1 per cent higher than where it began. The broader All Ordinaries was up 13.7 points, or 0.16 per cent, to 8,847.3. The gains follow another record-setting day on Wall Street, where the S&P500 and the Nasdaq Composite hit new records after the June non-farm payrolls report showed US employment rising more than expected. analyst Kyle Rodda said that while the readout had all but extinguished the case for the Federal Reserve to cut interest rates in July, stocks had still reacted positively on relief that the US economy was holding up strongly despite risks from US trade policy and tariffs. Nine of the ASX's 11 sectors were in the green at midday, with energy and materials lower. Tech was the biggest gainer, rising 1.3 per cent. Xero had climbed 1.9 per cent, Life360 had advanced 2.5 per cent and Wisetech Global was up 1.2 per cent. In the financial sector, CBA was down 0.8 per cent to $178.27, on track for its sixth day of declines out of the past seven sessions since Australia's most valuable company hit an all time-high of $192 on June 25. The other big four were all in the green, with ANZ up 0.6 per cent, Westpac adding 0.5 per cent and NAB gaining 0.4 per cent. In the heavyweight mining sector, BHP had declined 1.6 per cent, Rio Tinto had subtracted 1.7 per cent and South32 had dropped 2.3 per cent. The Australian dollar was buying 65.68 US cents, from 65.69 US cents at midday on Thursday. The local share market has been edging higher after a stronger-than-expected US jobs report reaffirmed the strength of the world's largest economy. At noon on Friday, the benchmark S&P/ASX200 index was up 14.2 points, or 0.17 per cent, to 8,610.0 - less than 30 points from its all-time intraday high set three weeks ago, and on track to finish the week 1.1 per cent higher than where it began. The broader All Ordinaries was up 13.7 points, or 0.16 per cent, to 8,847.3. The gains follow another record-setting day on Wall Street, where the S&P500 and the Nasdaq Composite hit new records after the June non-farm payrolls report showed US employment rising more than expected. analyst Kyle Rodda said that while the readout had all but extinguished the case for the Federal Reserve to cut interest rates in July, stocks had still reacted positively on relief that the US economy was holding up strongly despite risks from US trade policy and tariffs. Nine of the ASX's 11 sectors were in the green at midday, with energy and materials lower. Tech was the biggest gainer, rising 1.3 per cent. Xero had climbed 1.9 per cent, Life360 had advanced 2.5 per cent and Wisetech Global was up 1.2 per cent. In the financial sector, CBA was down 0.8 per cent to $178.27, on track for its sixth day of declines out of the past seven sessions since Australia's most valuable company hit an all time-high of $192 on June 25. The other big four were all in the green, with ANZ up 0.6 per cent, Westpac adding 0.5 per cent and NAB gaining 0.4 per cent. In the heavyweight mining sector, BHP had declined 1.6 per cent, Rio Tinto had subtracted 1.7 per cent and South32 had dropped 2.3 per cent. The Australian dollar was buying 65.68 US cents, from 65.69 US cents at midday on Thursday. The local share market has been edging higher after a stronger-than-expected US jobs report reaffirmed the strength of the world's largest economy. At noon on Friday, the benchmark S&P/ASX200 index was up 14.2 points, or 0.17 per cent, to 8,610.0 - less than 30 points from its all-time intraday high set three weeks ago, and on track to finish the week 1.1 per cent higher than where it began. The broader All Ordinaries was up 13.7 points, or 0.16 per cent, to 8,847.3. The gains follow another record-setting day on Wall Street, where the S&P500 and the Nasdaq Composite hit new records after the June non-farm payrolls report showed US employment rising more than expected. analyst Kyle Rodda said that while the readout had all but extinguished the case for the Federal Reserve to cut interest rates in July, stocks had still reacted positively on relief that the US economy was holding up strongly despite risks from US trade policy and tariffs. Nine of the ASX's 11 sectors were in the green at midday, with energy and materials lower. Tech was the biggest gainer, rising 1.3 per cent. Xero had climbed 1.9 per cent, Life360 had advanced 2.5 per cent and Wisetech Global was up 1.2 per cent. In the financial sector, CBA was down 0.8 per cent to $178.27, on track for its sixth day of declines out of the past seven sessions since Australia's most valuable company hit an all time-high of $192 on June 25. The other big four were all in the green, with ANZ up 0.6 per cent, Westpac adding 0.5 per cent and NAB gaining 0.4 per cent. In the heavyweight mining sector, BHP had declined 1.6 per cent, Rio Tinto had subtracted 1.7 per cent and South32 had dropped 2.3 per cent. The Australian dollar was buying 65.68 US cents, from 65.69 US cents at midday on Thursday. The local share market has been edging higher after a stronger-than-expected US jobs report reaffirmed the strength of the world's largest economy. At noon on Friday, the benchmark S&P/ASX200 index was up 14.2 points, or 0.17 per cent, to 8,610.0 - less than 30 points from its all-time intraday high set three weeks ago, and on track to finish the week 1.1 per cent higher than where it began. The broader All Ordinaries was up 13.7 points, or 0.16 per cent, to 8,847.3. The gains follow another record-setting day on Wall Street, where the S&P500 and the Nasdaq Composite hit new records after the June non-farm payrolls report showed US employment rising more than expected. analyst Kyle Rodda said that while the readout had all but extinguished the case for the Federal Reserve to cut interest rates in July, stocks had still reacted positively on relief that the US economy was holding up strongly despite risks from US trade policy and tariffs. Nine of the ASX's 11 sectors were in the green at midday, with energy and materials lower. Tech was the biggest gainer, rising 1.3 per cent. Xero had climbed 1.9 per cent, Life360 had advanced 2.5 per cent and Wisetech Global was up 1.2 per cent. In the financial sector, CBA was down 0.8 per cent to $178.27, on track for its sixth day of declines out of the past seven sessions since Australia's most valuable company hit an all time-high of $192 on June 25. The other big four were all in the green, with ANZ up 0.6 per cent, Westpac adding 0.5 per cent and NAB gaining 0.4 per cent. In the heavyweight mining sector, BHP had declined 1.6 per cent, Rio Tinto had subtracted 1.7 per cent and South32 had dropped 2.3 per cent. The Australian dollar was buying 65.68 US cents, from 65.69 US cents at midday on Thursday.
Perth Now
04-07-2025
- Business
- Perth Now
Australian shares rise, edge toward new record high
The local share market has been edging higher after a stronger-than-expected US jobs report reaffirmed the strength of the world's largest economy. At noon on Friday, the benchmark S&P/ASX200 index was up 14.2 points, or 0.17 per cent, to 8,610.0 - less than 30 points from its all-time intraday high set three weeks ago, and on track to finish the week 1.1 per cent higher than where it began. The broader All Ordinaries was up 13.7 points, or 0.16 per cent, to 8,847.3. The gains follow another record-setting day on Wall Street, where the S&P500 and the Nasdaq Composite hit new records after the June non-farm payrolls report showed US employment rising more than expected. analyst Kyle Rodda said that while the readout had all but extinguished the case for the Federal Reserve to cut interest rates in July, stocks had still reacted positively on relief that the US economy was holding up strongly despite risks from US trade policy and tariffs. Nine of the ASX's 11 sectors were in the green at midday, with energy and materials lower. Tech was the biggest gainer, rising 1.3 per cent. Xero had climbed 1.9 per cent, Life360 had advanced 2.5 per cent and Wisetech Global was up 1.2 per cent. In the financial sector, CBA was down 0.8 per cent to $178.27, on track for its sixth day of declines out of the past seven sessions since Australia's most valuable company hit an all time-high of $192 on June 25. The other big four were all in the green, with ANZ up 0.6 per cent, Westpac adding 0.5 per cent and NAB gaining 0.4 per cent. In the heavyweight mining sector, BHP had declined 1.6 per cent, Rio Tinto had subtracted 1.7 per cent and South32 had dropped 2.3 per cent. The Australian dollar was buying 65.68 US cents, from 65.69 US cents at midday on Thursday.
