Latest news with #PaulDonovan
Bloomberg
6 days ago
- Business
- Bloomberg
Stocks Dip; Sec. Rollins on Trade; Trump Works Senate Phones
US equity futures fall as trade uncertainties linger with a potential US-China call this week. The OECD cuts its global growth outlook. Paul Donovan of UBS says the US raised taxes by imposing tariffs, slowing global growth. President Trump is urging GOP senators to back his tax bill. Kelsey Berro of J.P. Morgan says demand is in the front end and in the belly of the yield curve. US Agriculture Secretary Brooke Rollins says non-tariff barriers are an important factor in trade deals, which she says will be announced soon. (Source: Bloomberg)
Yahoo
29-05-2025
- Business
- Yahoo
UBS: Trade Chaos Fans Fed's Caution
SPDR S&P 500 ETF Trust (SPY) slips as UBS warns that tariff uncertainty will keep the Federal Reserve on the sidelines. UBS Chief Economist Paul Donovan notes that a U.S. trade court invalidated roughly half of President Trump's emergency-power tariffs, lifting a significant tax burden but leaving uncertainty firmly in place. Futures markets are pricing in two quarter-point Fed rate cuts this yearone in September and another by year-endafter the Fed's own minutes reaffirmed a wait-and-see stance amid policy ambiguity. Donovan argues that while the court decision eases costs for consumers and companies, it doesn't reset to factory settingsthe ruling will be appealed, and future tariff moves or alternate legislation could reimpose trade taxes. That back-and-forth may prompt businesses to delay investment or hiring and hold off further price increases until the outlook clears. Investors should care because persistent tariff risks can dampen growth, keep interest rates elevated for longer and weigh on market sentiment. With the Fed's next policy meeting slated for June 1112, markets will be watching for any shift in guidance on the appeal process or fresh trade-related developments. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
UBS: Trade Chaos Fans Fed's Caution
SPDR S&P 500 ETF Trust (SPY) slips as UBS warns that tariff uncertainty will keep the Federal Reserve on the sidelines. UBS Chief Economist Paul Donovan notes that a U.S. trade court invalidated roughly half of President Trump's emergency-power tariffs, lifting a significant tax burden but leaving uncertainty firmly in place. Futures markets are pricing in two quarter-point Fed rate cuts this yearone in September and another by year-endafter the Fed's own minutes reaffirmed a wait-and-see stance amid policy ambiguity. Donovan argues that while the court decision eases costs for consumers and companies, it doesn't reset to factory settingsthe ruling will be appealed, and future tariff moves or alternate legislation could reimpose trade taxes. That back-and-forth may prompt businesses to delay investment or hiring and hold off further price increases until the outlook clears. Investors should care because persistent tariff risks can dampen growth, keep interest rates elevated for longer and weigh on market sentiment. With the Fed's next policy meeting slated for June 1112, markets will be watching for any shift in guidance on the appeal process or fresh trade-related developments. This article first appeared on GuruFocus.
Yahoo
27-05-2025
- Business
- Yahoo
Nasdaq Jumps 2%, Dow Surges 500 Points as Trump Delays EU Tariffs
May 27 - Wall Street swung higher Tuesday as President Donald Trump held off on 50% tariffs on the EU until July 9, allowing ongoing trade talks to proceed. The S&P 500 climbed about 1.5%, the Nasdaq Composite rose 2%, and the Dow Jones Industrial Average gained 1% or 500 points. U.S. markets had been closed Monday for Memorial Day. Warning! GuruFocus has detected 1 Warning Sign with PDD. Benchmark Treasury yields eased. The 10-year Treasury yield fell five basis points to 4.45%, while the two-year yield dipped two basis points to 3.97%. Policy swings have left their mark on markets, from aggressive tariff threats to this retreat, said Paul Donovan of UBS. Last week's ups and downs were driven by debt-ceiling worries and renewed trade fears, noted Deutsche Bank's Jim Reid, who said investors spent Friday digesting fresh tariff headlines. All eyes now turn to Nvidia (NASDAQ:NVDA), which reports Q1 earnings after Wednesday's close. Nvidia's results may be the most important event this week, given its huge index weighting and central role in AI, said Robert Ruggirello, chief investment officer at Brave Eagle Wealth Management. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Nasdaq Jumps 2%, Dow Surges 500 Points as Trump Delays EU Tariffs
May 27 - Wall Street swung higher Tuesday as President Donald Trump held off on 50% tariffs on the EU until July 9, allowing ongoing trade talks to proceed. The S&P 500 climbed about 1.5%, the Nasdaq Composite rose 2%, and the Dow Jones Industrial Average gained 1% or 500 points. U.S. markets had been closed Monday for Memorial Day. Warning! GuruFocus has detected 1 Warning Sign with PDD. Benchmark Treasury yields eased. The 10-year Treasury yield fell five basis points to 4.45%, while the two-year yield dipped two basis points to 3.97%. Policy swings have left their mark on markets, from aggressive tariff threats to this retreat, said Paul Donovan of UBS. Last week's ups and downs were driven by debt-ceiling worries and renewed trade fears, noted Deutsche Bank's Jim Reid, who said investors spent Friday digesting fresh tariff headlines. All eyes now turn to Nvidia (NASDAQ:NVDA), which reports Q1 earnings after Wednesday's close. Nvidia's results may be the most important event this week, given its huge index weighting and central role in AI, said Robert Ruggirello, chief investment officer at Brave Eagle Wealth Management. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
