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Yahoo
5 days ago
- Business
- Yahoo
Markets shrug off doubled U.S. steel tariffs and Trump complaints of Xi being ‘hard to make a deal with'
Stock markets rose on Wednesday, despite an early morning social media complaint from U.S. President Donald Trump that Chinese President Xi Jinping was 'hard to make a deal with,' and a doubling of steel and aluminum tariffs. 'I like President Xi of China, always have, and always will, but he is very tough, and extremely hard to make a deal with!,' Trump wrote Wednesday morning in a post on Truth Social. The U.S. also increased its tariffs on steel and aluminum to 50%, up from 25%. The only country to escape the tariff hike was the U.K., which will enjoy a mere 25% tax on its steel and aluminum exports due to ongoing trade negotiations. S&P 500 futures were up 0.2% as of 4:30am Eastern Time. The STOXX Europe 600 was up 0.4%. Trump's post came after several markets in Asia-Pacific had already closed. South Korea's KOSPI rose 2.7% after voters elected left-wing candidate Lee Jae-myung to the presidency. Taiwan's Taiex index also jumped 2.3%, driven up by a 4.2% jump in TSMC shares. Both Japan's Nikkei 225 and Australia's S&P/ASX 200 rose just under 1%. Mainland China's CSI 300 rose 0.4%. Hong Kong trimmed morning gains after Trump made his post, yet the city's benchmark Hang Seng Index still closed up 0.6%. India's NIFTY 50 was up 0.3%, as of 4:30am Eastern Time. Wednesday's Truth Social post was the president's second social media complaint against China in the past week. On Friday, Trump claimed that Beijing had 'totally violated its agreement' with the U.S. Both Beijing and Washington have traded barbs in recent days, each accusing the other of undermining a trade deal negotiated last month in Geneva. Amid the furore, Treasury Secretary Scott Bessent has dropped hints of a call between Trump and Xi, saying Sunday that he expected a conversation to happen 'very soon.' White House Press Secretary Karoline Leavitt told reporters Monday that 'the two leaders will likely talk this week.' Xi has, as of now, left U.S.-China trade negotiations to his advisors. At Geneva, the White House claimed that China had agreed to roll back some of its non-tariff barriers (without providing specifics). Those measures may be a new sticking point for Trump officials, who now complain that Beijing is being slow to approve rare earth mineral exports to the U.S. China is the source for almost 70% of these metals, used in semiconductors, autos, electronics, and aviation. Beijing has imposed export controls on these metals in response to similar measures passed by the U.S. and its allies. Most recently, Beijing expanded its controls on rare earths in response to Trump's steep tariffs on Chinese goods. Other business groups based in China instead suggest that Beijing—much newer to the export control game compared to the U.S.—is still trying to set up a system for licensing and approving exports of controlled goods. Still, fears over access to rare earth metals are pushing some automakers to consider moving some plants to China, the Wall Street Journal reported, citing sources familiar with the situation. China, too, is annoyed with U.S. actions since Geneva. It points to expanded export controls to cover chip design software and aviation equipment, and measures targeting Chinese students in the U.S. as proof Washington isn't living up to its promises. This story was originally featured on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
USA Today
26-05-2025
- Business
- USA Today
Markets stage relief rally after EU imports tariff is delayed until July 9
Markets stage relief rally after EU imports tariff is delayed until July 9 Show Caption Hide Caption Privacy swaps you should make when dealing with guests, strangers Sharing your phone number, address or computer can be risky. Try these simple ways to protect your personal info. Global financial markets rallied after U.S. President Donald Trump delayed a new round of tariffs until July 9. The euro gained against the dollar, and the gold price declined as demand for safe havens eased. U.S. markets are closed for the Memorial Day holiday, but the STOXX Europe 600 index was 1% higher Monday morning. Earlier coverage: Trump threatens 50% tariff on European Union goods; live updates European Commission chief Ursula von der Leyen called Trump to initiate discussions on Sunday, prompting the White House to shelve his threat to impose tariffs of 50% on European Union imports. "Good call with POTUS," von der Leyen tweeted Monday. "The EU and US share the world's most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively." Trade representatives were set for talks Monday, according to media reports. On Friday, U.S. stocks closed lower, and notched weekly declines, after Trump's tariff announcement. The blue-chip Dow shed about 0.61%, or 256.02 points, to 41,603.07; the broad S&P 500 slid 0.67%, or 39.18 points, to 5,802.83; and tech-laden Nasdaq dropped 1%, or 188.53 points, to 18,737.21.
Washington Post
23-05-2025
- Business
- Washington Post
Markets open lower after Trump threatens tariffs on Apple and E.U.
Stocks moved lower Friday morning after President Donald Trump threatened to impose new tariffs on imports from the European Union and iPhones made outside the United States. Major U.S. indexes fell more than 1 percent at the start of Friday's trading session. European indexes, such as the STOXX Europe 600 and DAX, were down a few percentage points.
23-05-2025
- Business
Stocks slide as Trump threatens tariffs on Apple and European Union
Stocks tumbled in early trading on Friday after President Donald Trump threatened new tariffs targeting tech giant Apple and the European Union. The Dow Jones Industrial Average dropped 458 points, or 1.1%, while the S&P 500 declined 1.2%. The tech-heavy Nasdaq dropped 1.6%. Shares of Apple fell nearly 3% at the open of trading. European stocks also declined on Friday, as the STOXX Europe 600 index fell nearly 2%. In a social media post, Trump urged Apple to manufacture iPhones in the U.S., criticizing the company for plans to shift some production to India in an effort to avoid tariffs slapped on China. If Apple fails to shift iPhone manufacturing to the U.S., Trump said, the company would face a 25% tariff. Minutes later, Trump issued a social media post slamming the European Union over a trade posture that he described as "very difficult to deal with." In response,Trump said he is "recommending" a 50% tariff on goods from the European Union to begin on June 1. The market dip erased some gains made in recent weeks as Trump rolled back levies. Trump last month exempted phones, computers and chips from so-called "reciprocal tariffs" imposed on China-made goods, which at that time amounted to a 125% levy. The move also excluded such products from a 10% across-the-board tariff imposed on nearly all imports. Last week, Trump temporarily slashed the reciprocal tariffs on China from 125% to 10% as the U.S. and China hold trade negotiations. China still faces 20% tariffs over its role in the fentanyl trade, bringing total levies on Chinese goods to 30%. The U.S.-China agreement marked the latest softening of Trump's levies, coming weeks after the White House paused far-reaching "reciprocal tariffs" on dozens of countries. Trump also eased sector-specific tariffs targeting autos, and rolled back duties on some goods from Mexico and Canada. An array of tariffs remain in place, however, including an across-the-board 10% levy that applies to imports from nearly all countries. Additional tariffs have hit auto parts, as well as steel and aluminum. Consumers face the highest overall average effective tariff rate since 1934, the Yale Budget Lab found earlier this month.
Yahoo
23-05-2025
- Business
- Yahoo
European Value Stock Picks For Estimated Discount Opportunities
As European markets show signs of optimism following the easing of trade tensions between the U.S. and China, major indices like the STOXX Europe 600 and Germany's DAX have experienced notable gains. In this environment, identifying undervalued stocks becomes crucial for investors aiming to capitalize on potential discount opportunities, as these stocks may offer value relative to their intrinsic worth amidst improving economic indicators. Name Current Price Fair Value (Est) Discount (Est) Micro Systemation (OM:MSAB B) SEK48.40 SEK96.31 49.7% ILPRA (BIT:ILP) €4.58 €8.75 47.7% Alfio Bardolla Training Group (BIT:ABTG) €1.935 €3.71 47.9% Lectra (ENXTPA:LSS) €23.60 €47.03 49.8% adidas (XTRA:ADS) €218.30 €434.91 49.8% Cavotec (OM:CCC) SEK16.25 SEK32.35 49.8% dormakaba Holding (SWX:DOKA) CHF735.00 CHF1401.95 47.6% Surgical Science Sweden (OM:SUS) SEK142.80 SEK274.02 47.9% Northern Data (DB:NB2) €25.02 €49.50 49.5% Arlandastad Group (OM:AGROUP) SEK26.30 SEK50.14 47.6% Click here to see the full list of 179 stocks from our Undervalued European Stocks Based On Cash Flows screener. Here we highlight a subset of our preferred stocks from the screener. Overview: Powersoft S.p.A. designs, produces, and markets power amplifiers, loudspeaker components, and software for installed and live sound applications both in Italy and internationally, with a market cap of €221.96 million. Operations: The company's revenue primarily comes from audio amplifiers for professional applications, generating €71.50 million. Estimated Discount To Fair Value: 27.8% Powersoft is trading at 27.8% below its estimated fair value of €24.52, with a current price of €17.7, highlighting its potential undervaluation based on discounted cash flow analysis. Despite a dividend yield of 4.63% not being well-covered by free cash flows, the company's revenue and earnings are forecast to grow significantly faster than the Italian market at 23.8% and 18.9% per year respectively, suggesting strong future cash flow potential despite recent modest earnings growth. The analysis detailed in our Powersoft growth report hints at robust future financial performance. Click to explore a detailed breakdown of our findings in Powersoft's balance sheet health report. Overview: STIF Société anonyme manufactures and sells components for the handling of bulk products in France, with a market cap of €269.61 million. Operations: The company generates revenue of €63.70 million from its Machinery & Industrial Equipment segment. Estimated Discount To Fair Value: 33.9% STIF Société anonyme trades at €52.5, significantly below its estimated fair value of €79.44, suggesting undervaluation based on discounted cash flow analysis. The company reported a substantial increase in sales to €61.2 million and net income to €9.7 million for 2024, reflecting strong past performance. Earnings are projected to grow annually by 16.1%, outpacing the French market's growth rate, despite recent share price volatility over the past three months. According our earnings growth report, there's an indication that STIF Société anonyme might be ready to expand. Take a closer look at STIF Société anonyme's balance sheet health here in our report. Overview: Biotage AB (publ) offers solutions and products for drug discovery and development, analytical testing, and water and environmental testing, with a market cap of SEK11.36 billion. Operations: The company's revenue is primarily derived from its Healthcare Software segment, which generated SEK1.96 billion. Estimated Discount To Fair Value: 19.8% Biotage AB is currently trading at SEK 141.9, which is 19.8% below its estimated fair value of SEK 177, indicating potential undervaluation based on cash flows. Despite recent earnings challenges with a net income drop to SEK 4 million for Q1 2025 from SEK 33 million a year ago, the company's revenue and earnings are forecasted to grow faster than the Swedish market. The proposed acquisition by KKR could further impact valuation considerations. Our comprehensive growth report raises the possibility that Biotage is poised for substantial financial growth. Click here and access our complete balance sheet health report to understand the dynamics of Biotage. Access the full spectrum of 179 Undervalued European Stocks Based On Cash Flows by clicking on this link. Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BIT:PWS ENXTPA:ALSTI and OM:BIOT. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
