Latest news with #tradebalance
Globe and Mail
2 days ago
- Business
- Globe and Mail
Trade Deficit Comes in Lower Than Expected
Pre-market futures are up at this hour on a bevy of new information this morning — from a vast array of earnings reports to key economic prints to a massive railway merger likely to pass its government board. The Dow is currently dipping a tad, +12 points, the S&P 500 is +11 points and the Nasdaq is +88 at this hour. The small-cap Russell 2000 is also up +12 points presently. Trans-Continental Railway Deal Struck In what would never have passed regulatory muster under the previous presidential administration, this morning we hear of a deal where Union Pacific UNP will be purchasing Norfolk Southern NSC for a reported price of $72 billion, or $320 per share. This would create the first-ever trans-continental railroad in the U.S. Of course, this deal would first need to pass via the Surface Transportation Board, but President Trump is likely to see this deal as favorable for the U.S. (despite monopolistic considerations), and has the power to appoint a new member to the board who would view this merger as favorable, as well. Both UNP and NSC are lower on this announcement. Trade Balance Eases on Tariff Outlook The Advanced U.S. Trade Balance in Goods for June to a healthy pullback month over month to -$86 billion. This pullback is greater than expected, although it was led by a decline in imports (-4.2%),which analysts were looking toward. We're seeing a slow-down in trade based on higher tariff expectations; as deals are made with U.S. trading partners and tariff deadlines fade, we're thankfully well off the record-low trade balance of -$162 billion in March of 2025. Q2 Earnings Roundup: Boeing, P&G, Spotify & More So many companies reporting earnings, so little time! We'll pull together a quick roundup on this busiest day of Q2 earnings season so far: Boeing BA continues to make improvements to its previously dire business situation: negative earnings in Q2 of -$1.24 per share improved over the Zacks consensus by 30 cents, or a +19.5% bottom-line surprise. On the top line, revenues of $22.75 billion outpaced estimates by +4.1%, as deliveries improved in the quarter. Shares are up another +1.4% in early trading, adding to its +33.6% gains year to date. UnitedHealth 's UNH struggles continue, on the other hand, missing on its bottom line — $4.08 per share versus $4.84 expected — by -15.7%. Revenues of $111.6 billion eked out a beat over estimates by +0.06%. Guidance has been revised somewhat lower, and the -44.2% share price year to date is now another -3.3% in the pre-market. It wasn't all bad news: Royal Caribbean RCL demonstrated strength in cruise-line business, and the company's earnings of $4.38 per share in the quarter surged past the Zacks consensus by +6.8%, even as revenues of $4.54 billion marginally missed projections. The stock's -6.7% sell-off ahead of the bell looks to be a bit of profit-taking, as RCL had been up +52.6% year to date. But Spotify SPOT took a big slide on both top and bottom lines this morning, even as paying subscriptions and monthly active users grew. A negative -$0.48 per share swung to a loss from the +$2.13 Zacks consensus estimate, for a negative earnings surprise of -122.5%. Revenues of $4.76 billion came in lower than expected by -3.47%. Shares had been +56.7% year to date, but are -7.3% in pre-market at this hour. Higher. Faster. Sooner. Buy These Stocks Now A small number of stocks are primed for a breakout, and you have a chance to get in before they take off. At any given time, there are only 220 Zacks Rank #1 Strong Buys. On average, this list more than doubles the S&P 500. We've combed through the latest Strong Buys and selected 7 compelling companies likely to jump sooner and climb higher than any other stock you could buy this month. You'll learn everything you need to know about these exciting trades in our brand-new Special Report, 7 Best Stocks for the Next 30 Days. Download the report free now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA): Free Stock Analysis Report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Union Pacific Corporation (UNP): Free Stock Analysis Report Norfolk Southern Corporation (NSC): Free Stock Analysis Report Royal Caribbean Cruises Ltd. (RCL): Free Stock Analysis Report Spotify Technology (SPOT): Free Stock Analysis Report
Telegraph
2 days ago
- Business
- Telegraph
US economy surges in boost for Trump
America's economy surged in the second quarter of the year, as Donald Trump's tariffs slashed imports and so boosted the country's trade balance. GDP jumped at an annualised rate of 3pc in the three months to June, above the 2.6pc predicted by economists. It reverses the 0.5pc drop in the previous three months when imports had poured over the border as businesses sought to bring goods into the world's largest economy before the worst of the President's taxes on trade came into force. Mr Trump immediately declared the number to be 'WAY BETTER THAN EXPECTED!' He called on Jerome Powell, the head of the Federal Reserve, to cut rates, referring to the central bank boss by the nickname 'too late.' ''Too Late' MUST NOW LOWER THE RATE. No Inflation! Let people buy, and refinance, their homes!' Mr Trump posted on his website Truth Social.
Reuters
17-07-2025
- Business
- Reuters
Japan exports drop 0.5% y/y in June
TOKYO, July 17 (Reuters) - Japanese exports dropped 0.5% year-on-year in June, down for a second straight month, data from the Ministry of Finance showed on Thursday. The result compared with a 0.5% increase expected by economists in a Reuters poll. Imports grew 0.2% in June from a year earlier, versus a 1.6% drop expected by economists. As a result, the trade balance stood at a surplus of 153.1 billion yen ($1.03 billion), compared with a forecast for a surplus of 353.9 billion yen. ($1 = 148.0000 yen)
Malay Mail
09-07-2025
- Business
- Malay Mail
China says EU must fix its mindset, not China trade policy, ahead of key summit
BEIJING, July 9 — Beijing said today that the European Union needed to rebalance its 'mentality', not its economic ties with China, ahead of a summit between the two this month. 'It is hoped that the European side realises that what needs to be rebalanced right now is Europe's mentality, not China-EU economic and trade relations,' foreign ministry spokeswoman Mao Ning said. European Commission president Ursula von der Leyen said yesterday that the EU would seek to rebalance economic ties with China, demanding it eases market access for European firms and loosen export controls on rare earths. Addressing the European Parliament in Strasbourg, von der Leyen said Beijing was running the largest trade surplus 'in the history of mankind' exporting vast amounts to the EU while making it harder for European companies to do business in China. The trade deficit between China and the EU was a yawning $357 billion in 2024. The commission leader, who will travel to Beijing with European Council President Antonio Costa, said the pair will seek to loosen export restrictions on rare earths—while Brussels also looks at 'developing alternative supply resources'. Beijing snapped back on Wednesday, saying that in the 'current turbulent situation', the bloc and China should 'properly handle divergences and frictions'. 'We hope that the European Union will truly establish a more objective and rational understanding of China and pursue a more positive and pragmatic China policy,' Mao said. — AFP pic
CNA
09-07-2025
- Business
- CNA
China says EU 'mentality', not trade, needs to be rebalanced
BEIJING: Beijing said on Wednesday (Jul 9) that the European Union needed to rebalance its "mentality", not its economic ties with China, ahead of a summit between the two this month. "It is hoped that the European side realises that what needs to be rebalanced right now is Europe's mentality, not China-EU economic and trade relations," foreign ministry spokeswoman Mao Ning said. European Commission president Ursula von der Leyen said Tuesday the EU would seek to rebalance economic ties with China, demanding it eases market access for European firms and loosen export controls on rare earths. Addressing the European Parliament in Strasbourg, von der Leyen said Beijing was running the largest trade surplus "in the history of mankind", exporting vast amounts to the EU while making it harder for European companies to do business in China. The trade deficit between China and the EU was a yawning US$357 billion in 2024. The commission leader, who will travel to Beijing with European Council President Antonio Costa, said the pair will seek to loosen export restrictions on rare earths – while Brussels also looks at "developing alternative supply resources". Beijing snapped back on Wednesday, saying that in the "current turbulent situation", the bloc and China should "properly handle divergences and frictions". "We hope that the European Union will truly establish a more objective and rational understanding of China and pursue a more positive and pragmatic China policy," Mao said.
