Latest news with #TariffWar
Bloomberg
7 days ago
- Business
- Bloomberg
Asian Stock Futures Buoyed by US Jobs Surprise: Markets Wrap
Asian stocks will likely draw support from US data showing the country's labor market is holding up despite concerns about risks stemming from President Donald Trump's tariff war. US shares and the dollar rose. Equity futures pointed to advances in Sydney, Tokyo and Hong Kong, after a bounce in tech giants helped the S&P 500 add 0.6%. Just days ahead of the US payrolls report, an unexpected increase in job openings buoyed sentiment, helping to offset earlier losses after the OECD said Trump's combative trade policies have tipped the world economy into a downturn, with the US among the hardest hit.
Yahoo
21-05-2025
- Business
- Yahoo
Home Depot Shrugs Tariff Risk and Delivers Solid Q1 Results, Reiterates Guidance
The Home Depot, Inc. (NYSE:HD) is capitalizing on customers tackling smaller projects. That's one of the company's strategies as it navigates a challenging macroenvironment worsened by the US-China tariff war. That was evident after the home improvement retailer delivered solid first-quarter results on Tuesday. Net sales were up 9% year over year to $39.86 billion as earnings per share were in-line with forecasts at $3.56. photo by scott graham on Unsplash Following the better-than-expected Q1 2025 results, DA Davidson has reiterated a Positive outlook on Home Depot with a Buy rating and a $470 price target. The bullish stance also comes on the company reaffirming its full year outlook that points to 2.8% total sales growth and 1% comparable sales growth. Homeowners have been offering bigger projects amid heightened borrowing costs and lingering concerns about inflation. Consequently, Home Depot has had to focus on homeowners working on smaller projects. In response to the challenging macro environment, Home Depot will maintain its current pricing levels across its portfolio. In addition, the company is increasingly diversifying its product portfolio sources to ensure no country accounts for more than 10% of its imports. In addition, the company is pushing to shift production out of China as it aims to stay clear of the tariff war. While we acknowledge the potential of The Home Depot, Inc. (NYSE:HD) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HD and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. 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
Reuters
20-05-2025
- Business
- Reuters
Trump could make Europe's stockpickers great again
LONDON, May 20 (Reuters Breakingviews) - Donald Trump could make Europe's stockpickers great again – or, at least, less bad. The U.S. president's tariff war and a defence boom could see more money shift into European stocks and active funds. Groups like Schroders (SDR.L), opens new tab, DWS ( opens new tab or Aberdeen (ABDN.L), opens new tab, which faced years of competition from passive funds and U.S. assets, may start to look cheap. Active managers' plight was partly down to the relentless growth of passive funds, which stole the active players' market share and drove down fees. European active funds saw more investor money flow out than in during 18 out of 24 months in 2022 and 2023, according to Morningstar data. That wasn't just because clients could get higher returns from cash: passive vehicles lost assets in just two of those months. One potential shift is Trump's tariffs, which have tainted the U.S. reputation for sound policymaking. If these cause investors to scale back allocations to U.S. assets, the beneficiaries may be European companies and bonds. The region is likely to be more politically stable, have more accommodative central banks, and a more generous fiscal stance than the U.S., Deutsche Bank analysts note. These should support asset prices, investor flows and hence manager fees. Second, the shifts triggered by Europe's need to boost spending, as well as U.S. tariff fallout, may naturally favour more nimble stock and bond pickers over index funds. The artificial intelligence boom entrenched the position of the so-called 'Magnificent 7' big tech giants. In Europe, the defence boom has helped relative minnows, giving those who overweight them a better chance of beating the index. None of the 10 best performing shares in the STOXX 600 (.STOXX), opens new tab over the last year is even ranked in the index's top 10 groups by market value, according to Breakingviews analysis using LSEG data. Rheinmetall ( opens new tab, its second-best performer with a 235% return before dividends, sits in 45th place. So far, the data supports the idea of a mild renaissance. Active equity funds have pulled in more money than clients have withdrawn every month since January 2024, Morningstar data shows, the longest such run since the post-pandemic recovery. And rebalancing away from the U.S. has seen European bond and equity funds pull in more money than U.S. ones since April, EPFR data shows, even though bonds have benefitted more than equities. Even in this year's boom, passive funds still garnered over half the sector's net new money. Still, there's very little sign of any recovery priced in to asset manager stocks. On average, DWS, Schroders, Amundi ( opens new tab and Aberdeen are trading at just under 12 times forward earnings, marginally below the average since the start of 2020. Fund managers could yet be a MEGA hit. Follow @Unmack1, opens new tab on X
Yahoo
19-05-2025
- Business
- Yahoo
Wall Street futures, dollar ease in wake of credit blow
By Wayne Cole SYDNEY (Reuters) - Wall Street share futures slipped with the dollar on Monday and Treasury yields rose as concerns about erratic U.S. economic policies were underlined by Moody's downgrade of the country's credit rating. Unease over the United States' $36 trillion of debt has also mounted as Republicans seek to approve a sweeping package of tax cuts, which some estimate could add $3 trillion to $5 trillion in new debt over the next decade. U.S. Treasury Secretary Scott Bessent used television interviews on Sunday to dismiss the downgrade, while warning trade partners they would be hit with maximum tariffs if they did not offer deals in "good faith". Bessent is off to a G7 meeting this week for more talks, while U.S. Vice President JD Vance and European Commission President Ursula von der Leyen met on Sunday to discuss trade. "It remains to be seen whether the 10% reciprocal rate - excluding Canada and Mexico - will broadly remain, or will go up or down for some countries," said JPMorgan economist Michael Feroli, who estimates the current effective tariff of around 13% was equal to a tax rise worth 1.2% of GDP. "Beyond disruptions from higher tariffs themselves, policy uncertainty should additionally weigh on growth." The tariff war has weighed heavily on consumer sentiment and analysts will be scouring earnings from Home Depot and Target this week for an update on spending trends. The impact of the trade standoff with China could be a little clearer when Beijing releases April data on retail sales and industrial output later on Monday. Analysts are looking for a slowdown in both, though forecasts vary widely. In markets, MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2%, with Japan's Nikkei down 0.6%. DOLLAR DOUBTS S&P 500 futures eased 0.7% and Nasdaq futures lost 0.8% in early trade, though that followed major rallies last week in the wake of President Donald's Trump decision to lower levies on China. [.N] Yields on 10-year Treasuries rose another 4 basis points to 4.48%, extending Friday's reversal on the Moody's news. Markets are still pricing in only 53 basis points of Federal Reserve rate cuts this year, compared to more than 100 basis points a month ago. Futures imply just a 33% chance of a move by July, rising to 72% by September. Higher yields offered little comfort to the dollar, which was drifting lower amid investor unease with the volatility of U.S. trade policy. The euro edged up 0.2% to $1.1188, while the dollar slipped 0.3% to 145.19 yen. In an interview published over the weekend, European Central Bank President Christine Lagarde said the dollar's recent decline reflected a loss of confidence in U.S. policies and this could benefit the euro currency. In commodity markets, gold was on the rise again after shedding almost 4% last week. The metal was trading 1.2% firmer at $3,241 an ounce. [GOL/] Oil prices were steadier for the moment having been weighed by the risk of increased output from OPEC and Iran. [O/R] Brent inched up 6 cents to $65.47 a barrel, while U.S. crude added 15 cents to $62.64 per barrel. 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
The Irish Sun
17-05-2025
- General
- The Irish Sun
Five devices you must NEVER plug into an extension cord – including common summer hazards
EXTENSION leads are helpful pieces of kit - but there are certain devices you must avoid plugging into them. A pretty good rule of thumb is to avoid plugging in any electronics that are constantly on - and anything that could get wet. 4 The average extension cord isn't built to handle the kind of electrical load put out by large appliances Credit: Getty 4 Experts have warned against the 'daisy chaining' of multiple power strips and surge protectors Credit: Getty Major appliances The average extension cord isn't built to handle the kind of electrical load put out by large appliances, such as fridges, washing machines, dishwashers and tumble dryers. At best, you could risk damaging the appliance - which can be an expensive mistake. At worst, you could risk a fire caused by overheating - which could be even more costly. Small appliances Even small appliances can be a cause for concern when it comes to plugging into an extension cord. READ MORE TECH WARNINGS Some of the more compact gadgets, like toasters and toaster ovens, can pack quite a punch, using more power than you'd expect. Microwaves are the same, and typically use more power than the average cable can handle. But households should also be wary of mixers, blenders, air fryers, and waffle makers. These could overload an extension cord - particularly if there are several gadgets plugged in - and lead to a fire. Most read in Tech 4 Air conditioner units belong in a wall outlet to avoid any overheating risks with a power strip Credit: Getty Air conditioners & space heaters While households may be pulling the air conditioner units out of storage, it should be noted they belong in a wall outlet to avoid any overheating risks with a power strip. Space heaters are more dangerous in an extension cord, as they draw a higher amount of power and often exceed the capacity of a standard cable. Power strips are generally intended for low-power devices like computers or lamps, not high-wattage appliances. Major US Phone Carriers Warn of Imminent Price Hikes Amid Tariff War 4 During summer, power strips can be tempting to use outside for outdoor devices Credit: Getty Outdoor electrical devices During summer, power strips can be tempting to use outside for outdoor devices. But doing so can pose hazards relating to heat and weather. Overheating from coiled cords, exposure to moisture, and damage from sun and wind can increase the risk of fire or electrical shock. To avoid this, it's important to use outdoor-rated cords and protect connections from the rain and sun. Surge protectors Households are brimming with electronic gadgets these days - and while it might be tempting to plug an extension cable into another to maximise the number of outlets, this is dangerous. Experts have warned against the 'daisy chaining' of multiple power strips and surge protectors. 'Daisy chaining', as it is known, comes with serious risks, including overheating, fire hazards, electric shocks and voided warranties on your devices. Each power strip is rated for a specific electrical load – how much power it can safely handle before it fails. But when you plug one power strip into another, they can exceed this capacity. The one closest to the wall outlet usually takes the hardest hit – meaning it's the one that is most likely to falter.
