Latest news with #TariffWatch
Yahoo
a day ago
- Business
- Yahoo
Morning Bid: Nvidia earnings take the spotlight
A look at the day ahead in European and global markets from Rae Wee Earnings results from Nvidia will be the marquee event for markets on Wednesday, with all eyes on how much U.S. technology curbs on China will cost the AI bellwether. Company watchers expect the chip giant to report a 66.2% surge in first-quarter revenue to $43.28 billion, however uncertainty surrounding its China business looms large even as a pullback in other regulations is set to open up new markets. As it is, traders in the options markets are bracing for industry-wide volatility after the results, with defensive options contracts on a major semiconductor ETF drawing heavy attention. Earnings aside, investors will also be watching developments in global bond markets after demand on Wednesday for Japan's 40-year government bond auction was its lowest since November, underscoring the market's diminishing capacity to absorb new debt. Long-end yields have surged worldwide in recent weeks on a heavy selloff in bonds as concern mounts over fiscal deficits, particularly in developed nations such as the U.S. and Japan. Worries over tax cuts and that the United States' chaotic tariff policy will stoke inflation and propel government spending have made investors increasingly nervous about holding long-dated sovereign debt. On Tuesday, Reuters' exclusive report that Japan is considering trimming the issuance of super-long bonds was followed by a drop in both yields and the yen. Yields on Japanese government bonds were little changed following Wednesday's auction. U.S. Treasury yields edged up slightly after falling the previous day. Over in New Zealand, the central bank cut its benchmark interest rate by 25 basis points and flagged a slightly deeper easing cycle than it forecast three months ago, underlining risk to economic growth from a sharp shift in U.S. trade policy. Key developments that could influence markets on Wednesday: * North America earnings: Nvidia, Bank of Montreal, NationalBank of Canada, DICK'S Sporting Goods, Macy's * U.S. auction of two-year floating rate, five-year notes * German auction of 15-year Federal bonds * German unemployment data for May * France Q1 GDP final reading, producer prices for April 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 Rae Wee; Editing by Christopher Cushing)
Yahoo
a day ago
- Business
- Yahoo
Morning Bid: Nvidia earnings take the spotlight
A look at the day ahead in European and global markets from Rae Wee Earnings results from Nvidia will be the marquee event for markets on Wednesday, with all eyes on how much U.S. technology curbs on China will cost the AI bellwether. Company watchers expect the chip giant to report a 66.2% surge in first-quarter revenue to $43.28 billion, however uncertainty surrounding its China business looms large even as a pullback in other regulations is set to open up new markets. As it is, traders in the options markets are bracing for industry-wide volatility after the results, with defensive options contracts on a major semiconductor ETF drawing heavy attention. Earnings aside, investors will also be watching developments in global bond markets after demand on Wednesday for Japan's 40-year government bond auction was its lowest since November, underscoring the market's diminishing capacity to absorb new debt. Long-end yields have surged worldwide in recent weeks on a heavy selloff in bonds as concern mounts over fiscal deficits, particularly in developed nations such as the U.S. and Japan. Worries over tax cuts and that the United States' chaotic tariff policy will stoke inflation and propel government spending have made investors increasingly nervous about holding long-dated sovereign debt. On Tuesday, Reuters' exclusive report that Japan is considering trimming the issuance of super-long bonds was followed by a drop in both yields and the yen. Yields on Japanese government bonds were little changed following Wednesday's auction. U.S. Treasury yields edged up slightly after falling the previous day. Over in New Zealand, the central bank cut its benchmark interest rate by 25 basis points and flagged a slightly deeper easing cycle than it forecast three months ago, underlining risk to economic growth from a sharp shift in U.S. trade policy. Key developments that could influence markets on Wednesday: * North America earnings: Nvidia, Bank of Montreal, NationalBank of Canada, DICK'S Sporting Goods, Macy's * U.S. auction of two-year floating rate, five-year notes * German auction of 15-year Federal bonds * German unemployment data for May * France Q1 GDP final reading, producer prices for April 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 Rae Wee; Editing by Christopher Cushing) 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
Hindustan Times
3 days ago
- Business
- Hindustan Times
MORNING BID EUROPE-Europe rallies after the 'good' phone call
A look at the day ahead in European and global markets from Vidya Ranganathan. Donald Trump and the European markets have come full circle again. The euro and European stocks tumbled on Friday when the U.S. president decided abruptly he would impose 50% tariffs on imports from the European Union since trade talks were not moving quickly enough. Von der Leyen said in a post on X on Sunday that she had a "good" phone call with Trump. Markets may have recovered, but not sentiment. The weekend's back-and-forth only served to remind investors how chaotic, impulsive and unpredictable Trump can be, even when dealing with his biggest trading partners. Germany was the EU's biggest exporter to the U.S. last year. In early April, Trump set a 90-day window for trade talks between the EU and the U.S., which was to end on July 9. Trump's latest trade tantrum came just hours after European Central Bank policymaker Joachim Nagel, who heads Germany's Bundesbank, said markets were close to nuclear meltdown after Trump's April 2 reciprocal tariff announcements, and that had helped to discipline the U.S. administration. Apparently not. The slow exit of investors from that chaos - and from their outsized exposures to the world's biggest economy and stock markets - continues. European equity exchange-traded funds have pulled in 34 billion euros of cash over the year to May 16, four times the 8.2 billion euros put into U.S. equity funds, Morningstar data shows. Market holidays in the United States and Britain should keep trading relatively muted on Monday. It's also relatively quiet on the data front, with the notable releases this week including the Fed's targeted inflation metric, Personal Consumption Expenditures, for April, due on May 30. That could paint a clearer picture of the impact of U.S. tariffs. April was a volatile month in the markets after Trump's tariff onslaught on April 2, but recent consumer and producer prices data has not flashed inflationary warning signs just yet. The euro zone's biggest economies - France and Germany - report consumer prices data on Tuesday and Friday, and bloc-wide figures follow the week after. Key developments that could influence markets on Monday: SPEAKERS: ECB President Christine Lagarde, Riksbank executive board meeting COMPANIES: NTS Ackermans & Van Haaren NV Annual Shareholders Meeting, Leonardo SpA Annual Shareholders Meeting DEBT AUCTIONS: Reopening of French 3-month, 6-month and 1-year government debt auctions 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.
Ammon
5 days ago
- Business
- Ammon
Gold rises over 2% after Trump's renewed tariff threats
Ammon News - Gold prices rose more than 2% on Friday and logged their best week in six, as investors sought the safe-haven asset amid renewed tariff threats from U.S. President Donald Trump and a weaker dollar. Spot gold gained 2.1% to $3,362.70 an ounce by 1356 ET (1756 GMT). Bullion rose 5.1% this week to touch an over two-week high. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. U.S. gold futures settled 2.1% higher at $3,365.8. "Trump has been on a tear the last 24 hours. Threatening 50% tariffs on the EU as of June 1, biting Apple and hammering Harvard has stocks in a black mood, which is great for gold," said Tai Wong, an independent metals trader. "Renewed tariff concerns on a low-liquidity day ahead of the long weekend can magnify moves." Global stocks tumbled after Trump recommended 50% tariffs on European Union imports from June 1. Trump also said that Apple would pay a 25% tariff on iPhones that are sold in the U.S. but not made there. The dollar eased 0.9%, making greenback-priced gold cheaper for foreign currency holders. On Thursday, the Republican-controlled U.S. House of Representatives passed a sweeping tax and spending bill that would add trillions of dollars to the country's debt. Gold's appeal as a safe-haven asset increases with geopolitical and economic uncertainty. "If we break above $3,500 mark, we can get a clean shot up to $3,800," Daniel Pavilonis, senior market strategist at RJO Futures, said. Platinum added 1.2% to $1,094.05 after hitting its highest level since May 2023 earlier in the session. "Above ground inventories (of platinum) have fallen to quite low levels and this is just triggering a physical tightness in the market," said Giovanni Staunovo, UBS analyst. Spot silver rose 1.1% to $33.44, while palladium slipped 1.6% to $998.89. Both metals posted weekly gains. Reuters
The Star
6 days ago
- Business
- The Star
Wall Street stocks end mostly flat in choppy trade as Treasury yields ease
At 11:46 a.m. ET, the Dow rose 52.01 points, or 0.12%, to 41,912.45, the S&P 500 gained 8.17 points, or 0.14%, to 5,852.78, and the Nasdaq added 120.56 points, or 0.64%, to 18,993.21. NEW YORK: U.S. stocks closed a choppy session little changed on Thursday, erasing initial declines as Treasury yields eased off recent highs after the House of Representatives passed U.S. President Donald Trump's tax and spending bill. Recent concerns about the U.S. deficit have pushed up Treasury yields and pressured stocks, but longer-dated yields fell on Thursday, allowing stocks to take a breather. The benchmark U.S. 10-year note yield fell 5.4 basis points to 4.543% after hitting its highest since February. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. Advertisement · Scroll to continue The benchmark S&P 500 and the Dow Jones Industrial Average ended flat, while the Nasdaq edged higher. All three major Wall Street indexes had posted their biggest single-day percentage drops in a month on Wednesday as Treasury yields spiked on U.S. debt worries. The Republican-controlled House voted by a slim margin to pass the bill, which would fulfill many of Trump's campaign pledges to his political base, but will increase the $36.2 trillion U.S. debt pile by $3.8 trillion over the next decade, according to the nonpartisan Congressional Budget Office. Investors are also weighing the impact of Trump's tariffs on U.S. imports, including on consumer prices. Advertisement · Scroll to continue "The problem today was the tax bill, which appears to have passed," said George Young, partner and portfolio manager at Villere & Co in New Orleans. "But we are thinking about bigger potential problems and the two main things on the table are tariffs and interest rates." "The market hates uncertainty and we've still got this overhang of the tariffs and the bond market, which is totally apolitical and totally international," Young added. The Dow Jones Industrial Average (.DJI) fell just 1.35 points to 41,859.09, the S&P 500 (.SPX) lost merely 2.60 points or 0.04% at 5,842.01 and the Nasdaq Composite (.IXIC) gained 53.09 points, or 0.28%, at 18,925.74. Eight out of 11 S&P 500 subsectors finished lower, led by utilities, healthcare, energy and consumer staples stocks. Consumer discretionary, communication services and technology stocks advanced. Megacap growth stocks, including Nvidia (NVDA.O), Amazon (AMZN.O) and Tesla gained. Alphabet (GOOGL.O) was 1.3% firmer after touching a nearly three-month high. Apple (AAPL.O) ended down 0.36%. Snowflake (SNOW.N) jumped more than 13% after the cloud computing firm raised its fiscal 2026 product revenue forecast. Analog Devices (ADI.O) fell 4.6% despite the semiconductor manufacturer beating Wall Street estimates for quarterly results. Shares of solar energy companies including First Solar (FSLR.O) dropped as Trump's tax bill is expected to end a number of green-energy subsidies. First Solar finished down 4.3%. Declining issues outnumbered advancers by a 1.17-to-1 ratio on the NYSE. There were 68 new highs and 99 new lows on the NYSE. The S&P 500 posted four new 52-week highs and nine new lows while the Nasdaq Composite recorded 49 new highs and 109 new lows. Volume on U.S. exchanges was 16.09 billion shares, compared with the 17.56 billion average for the full session over the last 20 trading days. - Reuters
