Latest news with #USFutures
Zawya
27-05-2025
- Business
- Zawya
Asian shares dip, dollar struggles after Trump's tariff backflip
SINGAPORE: Asian shares eased on Tuesday, though U.S. futures rose after President Donald Trump delayed his threatened 50% duties on European Union shipments, while the dollar was headed for a fifth straight monthly loss. In Japan, yields on super-long government bonds fell early in the session, retreating from their all-time highs in the wake of last week's heavy selloff in the bonds. Markets in the U.S. were closed on Monday for a holiday, making for thin overnight trading conditions and leaving investors latching on to lingering optimism from Trump's U-turn on his threat to impose 50% tariffs on imports from the EU next month, restoring a July 9 deadline. Nasdaq futures were up 1.26% in Asia while S&P 500 futures similarly rose 1.11%. FTSE futures advanced 0.94%. UK markets were also closed on Monday. "It was a better night for risk assets, following Trump deferring (EU tariffs) back to July 9," said Tony Sycamore, a market analyst at IG. "What I think probably is now the main driver for this week is we've got the month-end rebalancing flows, which should start to kick in anytime soon... Nvidia's earnings report again is going to be front and centre in terms of what's going on there." Results from Nvidia are due on Wednesday, where the AI darling is expected to report a 65.9% jump in first-quarter revenue. Elsewhere, MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.17%, while Japan's Nikkei similarly fell 0.15%. China's CSI300 blue-chip index edged 0.06% lower while the Shanghai Composite Index was little changed. Hong Kong's Hang Seng Index dipped 0.1%. Focus for investors this week will also be on speeches from a slew of Federal Reserve policymakers and Friday's U.S. core PCE price index, for clues on the outlook for U.S. rates. A two-day annual conference hosted by the Bank of Japan (BOJ) and its affiliated think tank kicked off on Tuesday, with this year's gathering of global central bankers in Tokyo set to focus on flagging economic growth and sticky inflation. In currencies, the dollar struggled to find its footing and was headed for a fifth straight month of declines against a basket of currencies, which would mark the longest such losing streak since 2017. The euro hovered near a one-month high at $1.14035, while the yen was up nearly 0.5% at 142.18 per dollar. Trump's chaotic trade policies and concerns over the worsening U.S. deficit outlook have undermined sentiment towards U.S. assets and in turn been a drag on the dollar. "A U.S. dollar regime change could be in the making in the long term after it appears to have peaked recently," said David Meier, an economist at Julius Baer. "Erratic U.S. policymaking, the tense fiscal situation, and large external indebtedness, against the backdrop of the twin deficit, suggest that a weaker USD is the route of least resistance." And as the dollar loses some of its safe-haven appeal, investors have instead sought alternatives such as gold, sending prices to record highs this year. It last traded 0.28% lower at $3,332.91 an ounce. Elsewhere, oil prices eased on Tuesday as investors weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week. Brent crude futures eased 0.1% to $64.67 a barrel, while U.S. West Texas Intermediate crude fell 0.16% to $61.43 per barrel.
Reuters
27-05-2025
- Business
- Reuters
Asian shares dip, dollar struggles after Trump's tariff backflip
SINGAPORE, May 27 (Reuters) - Asian shares eased on Tuesday, though U.S. futures rose after President Donald Trump delayed his threatened 50% duties on European Union shipments, while the dollar was headed for a fifth straight monthly loss. In Japan, yields on super-long government bonds fell early in the session, retreating from their all-time highs in the wake of last week's heavy selloff in the bonds. Markets in the U.S. were closed on Monday for a holiday, making for thin overnight trading conditions and leaving investors latching on to lingering optimism from Trump's U-turn on his threat to impose 50% tariffs on imports from the EU next month, restoring a July 9 deadline. Nasdaq futures were up 1.26% in Asia while S&P 500 futures similarly rose 1.11%. FTSE futures advanced 0.94%. UK markets were also closed on Monday. "It was a better night for risk assets, following Trump deferring (EU tariffs) back to July 9," said Tony Sycamore, a market analyst at IG. "What I think probably is now the main driver for this week is we've got the month-end rebalancing flows, which should start to kick in anytime soon... Nvidia's earnings report again is going to be front and centre in terms of what's going on there." Results from Nvidia (NVDA.O), opens new tab are due on Wednesday, where the AI darling is expected to report a 65.9% jump in first-quarter revenue. Elsewhere, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab was down 0.17%, while Japan's Nikkei (.N225), opens new tab similarly fell 0.15%. China's CSI300 blue-chip index (.CSI300), opens new tab edged 0.06% lower while the Shanghai Composite Index (.SSEC), opens new tab was little changed. Hong Kong's Hang Seng Index (.HSI), opens new tab dipped 0.1%. Focus for investors this week will also be on speeches from a slew of Federal Reserve policymakers and Friday's U.S. core PCE price index, for clues on the outlook for U.S. rates. A two-day annual conference hosted by the Bank of Japan (BOJ) and its affiliated think tank kicked off on Tuesday, with this year's gathering of global central bankers in Tokyo set to focus on flagging economic growth and sticky inflation. In currencies, the dollar struggled to find its footing and was headed for a fifth straight month of declines against a basket of currencies , which would mark the longest such losing streak since 2017. The euro hovered near a one-month high at $1.14035, while the yen was up nearly 0.5% at 142.18 per dollar. Trump's chaotic trade policies and concerns over the worsening U.S. deficit outlook have undermined sentiment towards U.S. assets and in turn been a drag on the dollar. "A U.S. dollar regime change could be in the making in the long term after it appears to have peaked recently," said David Meier, an economist at Julius Baer. "Erratic U.S. policymaking, the tense fiscal situation, and large external indebtedness, against the backdrop of the twin deficit, suggest that a weaker USD is the route of least resistance." And as the dollar loses some of its safe-haven appeal, investors have instead sought alternatives such as gold, sending prices to record highs this year . It last traded 0.28% lower at $3,332.91 an ounce. Elsewhere, oil prices eased on Tuesday as investors weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week. Brent crude futures eased 0.1% to $64.67 a barrel, while U.S. West Texas Intermediate crude fell 0.16% to $61.43 per barrel.
Yahoo
27-05-2025
- Business
- Yahoo
Asian shares dip, dollar struggles after Trump's tariff backflip
By Rae Wee SINGAPORE (Reuters) - Asian shares eased on Tuesday, though U.S. futures rose after President Donald Trump delayed his threatened 50% duties on European Union shipments, while the dollar was headed for a fifth straight monthly loss. In Japan, yields on super-long government bonds fell early in the session, retreating from their all-time highs in the wake of last week's heavy selloff in the bonds. [JP/] Markets in the U.S. were closed on Monday for a holiday, making for thin overnight trading conditions and leaving investors latching on to lingering optimism from Trump's U-turn on his threat to impose 50% tariffs on imports from the EU next month, restoring a July 9 deadline. Nasdaq futures were up 1.26% in Asia while S&P 500 futures similarly rose 1.11%. FTSE futures advanced 0.94%. UK markets were also closed on Monday. "It was a better night for risk assets, following Trump deferring (EU tariffs) back to July 9," said Tony Sycamore, a market analyst at IG. "What I think probably is now the main driver for this week is we've got the month-end rebalancing flows, which should start to kick in anytime soon... Nvidia's earnings report again is going to be front and centre in terms of what's going on there." Results from Nvidia are due on Wednesday, where the AI darling is expected to report a 65.9% jump in first-quarter revenue. Elsewhere, MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.17%, while Japan's Nikkei similarly fell 0.15%. China's CSI300 blue-chip index edged 0.06% lower while the Shanghai Composite Index was little changed. Hong Kong's Hang Seng Index dipped 0.1%. Focus for investors this week will also be on speeches from a slew of Federal Reserve policymakers and Friday's U.S. core PCE price index, for clues on the outlook for U.S. rates. A two-day annual conference hosted by the Bank of Japan (BOJ) and its affiliated think tank kicked off on Tuesday, with this year's gathering of global central bankers in Tokyo set to focus on flagging economic growth and sticky inflation. In currencies, the dollar struggled to find its footing and was headed for a fifth straight month of declines against a basket of currencies, which would mark the longest such losing streak since 2017. The euro hovered near a one-month high at $1.14035, while the yen was up nearly 0.5% at 142.18 per dollar. Trump's chaotic trade policies and concerns over the worsening U.S. deficit outlook have undermined sentiment towards U.S. assets and in turn been a drag on the dollar. "A U.S. dollar regime change could be in the making in the long term after it appears to have peaked recently," said David Meier, an economist at Julius Baer. "Erratic U.S. policymaking, the tense fiscal situation, and large external indebtedness, against the backdrop of the twin deficit, suggest that a weaker USD is the route of least resistance." And as the dollar loses some of its safe-haven appeal, investors have instead sought alternatives such as gold, sending prices to record highs this year. It last traded 0.28% lower at $3,332.91 an ounce. [GOL/] Elsewhere, oil prices eased on Tuesday as investors weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week. Brent crude futures eased 0.1% to $64.67 a barrel, while U.S. West Texas Intermediate crude fell 0.16% to $61.43 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 Independent
15-05-2025
- Business
- The Independent
Asian shares are mostly lower after a mixed session on Wall Street
Asian shares and U.S. futures slipped Thursday after U.S. stocks drifted to a mixed close on Wall Street. Oil prices fell more than $1 a barrel. China moved to reverse some of its 'non-tariff' measures against the U.S. as agreed with Washington in their temporary trade war cease-fire and most markets traded in a narrow range. Japan's Nikkei 225 index dropped 1.1%, however, to 37,705.74. Computer chip-related stocks were among the biggest decliners, with Disco Corp. falling 2.6% and Advantest down 1.8%. Hong Kong's Hang Seng was the outlier, picking up 0.2% to 23,691.67. The Shanghai Composite index lost 0.3% to 3,393.29, while Taiwan's Taiex fell 0.2%. In Australia, the S&P/ASX 200 was nearly unchanged at 8,278.30. South Korea's Kospi edged 0.1% lower. On Wednesday, a choppy day of trading on Wall Street ended with a mixed finish as gains by several big technology stocks helped temper losses. The S&P 500 edged up 0.1% to 5,892.58 and the Dow Jones Industrial Average slipped 0.2% to 42,051.06. The Nasdaq composite rose 0.7% to 19,146.81. Super Micro Computer surged 15.7% after signing a partnership agreement with Saudi Arabian data center company DataVolt. Advanced Micro Devices gained 4.7% after announcing a $6 billion stock buyback program. Nvidia rose 4.2% and Google parent Alphabet added 3.7%. Other big gainers included eToro Group, a retail trading platform for stocks and cryptocurrency. It rose 28.8% in its first day of trading. The U.S. will release its April report for inflation at the wholesale level on Thursday, and economists expect an easing of price pressures. An update for retail sales is expected to reflect a sharp drop to 0.2% in April from 1.4% the previous month. Retail giant Walmart will also report its latest financial results on Thursday and its financial forecasts will be closely watched. The stock market has been relatively steady since it surged Monday after the U.S. and China announced a 90-day pause in their trade war. The market gained more ground on Tuesday after the government reported that inflation unexpectedly cooled across the country in April. More updates on inflation and retail sales are expected on Thursday. Trump has delayed a large swath of his most severe tariffs against America's trading partners, but some import taxes remain in place. Uncertainty over the path ahead continues to hang over businesses and consumers. The on-again-off-again nature of Trump's trade policy has left companies reluctant to make plans about investment and hiring and consumers nervous about spending. Businesses continue to trim or withdraw their financial forecasts as they face unpredictable trade policy and cautious consumers. American Eagle fell 6.4% after the retailer withdrew its financial outlook for the year citing 'macro uncertainty.' General Motors, UPS, Kraft Heinz and JetBlue are among the many companies representing a wide range of industries that have warned about the impact of tariffs and a weakening economy. More than 90% of companies in the S&P 500 have reported earnings for their latest quarter. The majority of companies have reported better-than-expected earnings, but forecasts for earnings growth during the current quarter have been broadly cut in half for companies in the index. The economy has already showed signs of slowing. It shrank 0.3% during the first quarter amid a surge of imports as businesses and consumers tried to stock up amid tariffs and policy uncertainty. Data on consumer prices released Tuesday showed that tariffs haven't had much impact yet. But that could change as the impact of current tariffs make their way through supply chains and delayed tariffs potentially go into effect. Inflation has cooled to just above the Federal Reserve's target of 2%, but the threat of higher prices on goods because of import taxes has heightened worries about inflation heating up. In other dealings early Thursday, U.S. benchmark crude oil lost $1.25 to $61.90 per barrel. Brent crude, the international standard, gave up $1.25 to $64.84 per barrel. The dollar slipped to 146.26 Japanese yen from 146.75 yen. The euro rose to $1.1196 from $1.1174. ___ AP Business Writers Damian J. Troise and Alex Veiga contributed.
Bloomberg
03-04-2025
- Business
- Bloomberg
What Are The Political Impacts of Trump's Tariffs?
Andra Gillespie, Emory University Political Science Associate Professor, discusses how American voters may feel about President Trump after US Futures started tumbling following the President's tariff announcement. She talks about how long a potential rough period may last and whether or not Trump's supporters will still be behind him after this, and if stocks continue to decrease & prices rise can Democrats win the midterm elections. Andra Gillespie speaks with Kailey Leinz and Joe Mathei on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
