Latest news with #TariffWatch
Mint
10-06-2025
- Business
- Mint
MORNING BID EUROPE-Investors itching for progress in US-China talks
A look at the day ahead in European and global markets from Johann M Cherian With precious little to report out of Sino-U.S. trade talks in London, investors are ready to pounce on almost any sign a thaw in the frigid relationship between the two superpowers is just around the corner. Stocks in Asia are creeping higher, as are U.S. and European equity futures, while the dollar was also a tad firmer after President Donald Trump said he was getting "good reports" from Monday's meeting with China. Talks resume at 0900 GMT on Tuesday at Lancaster House and markets want a deal to flesh out details around U.S. tech export controls and those around Chinese rare earths, and of course, where the final average rate of tariffs will settle. Recent data indicates the trade war is taking a toll on both major economies, which could soon rattle other major economies. Global investors are also in the market for fresh trade deals, with about a month left before Trump's tariff pause expires. Also expected out of the UK will be an employment report with investors and the Bank of England keen on how pay growth - a reflection of broader price pressures - fared in April. Signs of cooling wage growth could be a relief for BoE policymakers who are currently divided on the approach to further monetary policy easing. Meanwhile, the global healthcare sector was caught in the crossfire as vaccine sceptic U.S. Health Secretary Robert F. Kennedy Jr. fired all members of a U.S. Centers for Disease Control and Prevention panel of vaccine experts. The move could be a headache for companies such as GSK , Sanofi, AstraZeneca, Moderna and BioNTech as they face longer waits for vaccine approvals. Advertising firms weren't spared from scrutiny either as the Wall Street Journal reported that the U.S. Federal Trade Commission has sought information from some of the industry's leading firms. Omnicom, WPP, Dentsu, Interpublic Group and Publicis Groupe were among those asked by the watchdog on whether advertising and advocacy groups violated antitrust laws by coordinating boycotts of certain sites. Key developments that could influence markets on Tuesday: - UK May BRC retail sales - UK April employment data - U.S. 3-year Treasury note auction - Reserve Bank of Australia Governance Board meeting Trying to keep up with the latest tariff news? Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here. This article was generated from an automated news agency feed without modifications to text.
Yahoo
10-06-2025
- Business
- Yahoo
Investors itching for progress in US-China talks
A look at the day ahead in European and global markets from Johann M Cherian With precious little to report out of Sino-U.S. trade talks in London, investors are ready to pounce on almost any sign a thaw in the frigid relationship between the two superpowers is just around the corner. Stocks in Asia are creeping higher, as are U.S. and European equity futures, while the dollar was also a tad firmer after President Donald Trump said he was getting "good reports" from Monday's meeting with China. Talks resume at 0900 GMT on Tuesday at Lancaster House and markets want a deal to flesh out details around U.S. tech export controls and those around Chinese rare earths, and of course, where the final average rate of tariffs will settle. Recent data indicates the trade war is taking a toll on both major economies, which could soon rattle other major economies. Global investors are also in the market for fresh trade deals, with about a month left before Trump's tariff pause expires. Also expected out of the UK will be an employment report with investors and the Bank of England keen on how pay growth - a reflection of broader price pressures - fared in April. Signs of cooling wage growth could be a relief for BoE policymakers who are currently divided on the approach to further monetary policy easing. Meanwhile, the global healthcare sector was caught in the crossfire as vaccine sceptic U.S. Health Secretary Robert F. Kennedy Jr. fired all members of a U.S. Centers for Disease Control and Prevention panel of vaccine experts. The move could be a headache for companies such as GSK, Sanofi, AstraZeneca, Moderna and BioNTech as they face longer waits for vaccine approvals. Advertising firms weren't spared from scrutiny either as the Wall Street Journal reported that the U.S. Federal Trade Commission has sought information from some of the industry's leading firms. Omnicom, WPP, Dentsu, Interpublic Group and Publicis Groupe were among those asked by the watchdog on whether advertising and advocacy groups violated antitrust laws by coordinating boycotts of certain sites. Key developments that could influence markets on Tuesday: - UK May BRC retail sales - UK April employment data - U.S. 3-year Treasury note auction - Reserve Bank of Australia Governance Board meeting Trying to keep up with the latest tariff news? Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here. Sign in to access your portfolio
Yahoo
09-06-2025
- Business
- Yahoo
Morning Bid: Markets pin hopes on London trade talks
A look at the day ahead in European and global markets from Rocky Swift Optimism abounds in the markets that the United States and China will reach a rapprochement in London today, after a phone call last week between leaders of the world's two largest economies turned down the heat on their protracted rift over trade. Both sides have strong incentives to ratchet down the rhetoric and find agreement as their economies remain tightly linked, although U.S. President Donald Trump has shown interest in decoupling them. The market reacted favourably on Friday to U.S. jobs data that showed less of a slowdown than feared, temporarily easing concerns about the trade war's fallout. But that was counterbalanced today when China's dour producer price data added to evidence that the spat is taking its toll. Asian shares rebounded sharply on Monday, reacting to Friday's exuberance on Wall Street. Equity futures pointed to a slightly lower open in Europe, while U.S. stock futures, the S&P 500 e-minis, slid 0.2%. On the trade front, representatives from the U.S. and China, due to meet at a still undisclosed location in London, will attempt to revive a preliminary trade agreement reached in Geneva last month. Trump is threatening to impose triple-digit tariffs on Chinese goods, while Beijing's key leverage is its near stranglehold on rare earth minerals that are critical to many high-tech sectors. Perhaps persistence is the key. Japan's chief trade negotiator Ryosei Akazawa is planning a sixth round of talks in Washington this week, Kyodo News reported. The economic and earnings slate is practically empty today. The next major figures to watch out of the U.S. will be inflation data on Wednesday, followed later in the week by producer price figures, weekly jobless claims and the University of Michigan report on consumer sentiment. The Fed is in a blackout period ahead of its June 18 policy decision. The markets were also keeping an eye on events in Los Angeles, where National Guard troops are facing down protesters demonstrating over Trump's immigration policies. Videos showed part of a major freeway in the city blocked by activists. California on its own is the world's fourth-largest economy, exceeding Japan's gross domestic product, and Trump deployed guardsmen to its biggest city to counteract what the White House described as "chaos, violence and lawlessness". Governor Gavin Newsom called Trump's reaction "the acts of a dictator". Key developments that could influence markets on Monday: - U.S. wholesale inventory data for April. - Mexico reports inflation and producer price data for May. Trying to keep up with the latest tariff news? Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here. (By Rocky Swift; Editing by Edmund Klamann)
Yahoo
05-06-2025
- Business
- Yahoo
Morning Bid: Switch 2 debuts but no fun-and-games in trade
A look at the day ahead in European and global markets from Rocky Swift It's Switch 2 Day! The much-anticipated sequel to Nintendo's immensely successful portable gaming unit goes on sale around the world on Thursday. But don't bother trying to find one: They're all sold out. The Switch 2 is manufactured mostly in China and sold out of Japan, so it's anybody's guess when there will be more of them available and what they'll cost, given all the uncertainty over tariffs and supply chains. A United States deadline for "best offers" on trade came and went on Wednesday without any trade announcements, and President Donald Trump continued to stir up controversy on the global stage with a proclamation banning nationals of 12 countries from the U.S. But the trade talks go on, with Japan sending its head trade negotiator Ryosei Akazawa to the U.S. again today in search of a deal. Germany's new chancellor, Friedrich Merz, is also headed to Washington for some face time with Trump in the Oval Office. The main event today will be the European Central Bank's interest rate decision, which is almost certain to cut rates by 25 basis points. The post-decision comments by President Christine Lagarde will be all the more important for clues on future policy moves. Stock futures pointed to flat openings for both European and U.S. markets. Key developments that could influence markets on Thursday: - ECB decision, speech by Christine Lagarde - German Chancellor Friedrich Merz travels to Washington - German data on industrial orders, consumer goods for April - U.S. data on jobless claims for end of May, trade data for April - Fed's Jeffrey Schmid, Patrick Harker, Adriana Kugler to speak Trying to keep up with the latest tariff news? Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here. (By Rocky Swift; Editing by Edmund Klamann)
Yahoo
05-06-2025
- Business
- Yahoo
Morning Bid: Switch 2 debuts but no fun-and-games in trade
A look at the day ahead in European and global markets from Rocky Swift It's Switch 2 Day! The much-anticipated sequel to Nintendo's immensely successful portable gaming unit goes on sale around the world on Thursday. But don't bother trying to find one: They're all sold out. The Switch 2 is manufactured mostly in China and sold out of Japan, so it's anybody's guess when there will be more of them available and what they'll cost, given all the uncertainty over tariffs and supply chains. A United States deadline for "best offers" on trade came and went on Wednesday without any trade announcements, and President Donald Trump continued to stir up controversy on the global stage with a proclamation banning nationals of 12 countries from the U.S. But the trade talks go on, with Japan sending its head trade negotiator Ryosei Akazawa to the U.S. again today in search of a deal. Germany's new chancellor, Friedrich Merz, is also headed to Washington for some face time with Trump in the Oval Office. The main event today will be the European Central Bank's interest rate decision, which is almost certain to cut rates by 25 basis points. The post-decision comments by President Christine Lagarde will be all the more important for clues on future policy moves. Stock futures pointed to flat openings for both European and U.S. markets. Key developments that could influence markets on Thursday: - ECB decision, speech by Christine Lagarde - German Chancellor Friedrich Merz travels to Washington - German data on industrial orders, consumer goods for April - U.S. data on jobless claims for end of May, trade data for April - Fed's Jeffrey Schmid, Patrick Harker, Adriana Kugler to speak Trying to keep up with the latest tariff news? Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here. (By Rocky Swift; Editing by Edmund Klamann)
