Business Optimism Plunges on Tariff Uncertainty; Clean Energy Investing Steers Up as Trade Wars Pose Challenge for Emerging Markets • US business optimism has dropped dramatically, a stunning about-face from post-reelection giddiness, as just 27% of executives are confident about the direction of the economy. The about-face from optimism to caution stems largely from uncertainty […]
Trump Increases Steel & Aluminum Tariffs Fourfold as Trade Tensions Escalate; Wells Fargo Asset Limit Lifted with Markets Pivoting to Jobs Data • US stock futures fell slightly following President Donald Trump’s imposition of doubled tariffs on steel and aluminum imports to 50% (with the lone exception of the UK), in the interests of national […]
Gold Pulls Back as Dollar Gains Strength Before Crucial US Jobs Report • Spot gold slipped 0.7% to $3,358.76/oz in London, after Monday’s sharp rally — its strongest in four weeks. • The Bloomberg Dollar Spot Index rose 0.2%, recovering from its lowest level since 2023, putting pressure on commodities. • Friday’s US Nonfarm Payrolls […]
Trade Tensions Rise as Trump Brushes Off Iran Uranium Enrichment; Global Markets React to Tariffs, Asian Finance and Tech See Events Shift • Geopolitical tensions are escalating as President Donald Trump reported that the US will not permit any uranium enrichment under a future nuclear deal with Iran, contrary to reports of a US proposal […]
Dollar in Trouble? Markets Brace for Trump-Era Policy Shockwaves • Wall Street Consensus: Major banks fortify calls that the US dollar will slide further, driven by expected Fed rate cuts, slowing US growth, and Trump-era trade/tax policies. • Morgan Stanley: Predicts the dollar will plunge back to COVID 19–era lows by mid 2026. Their strategists […]
World Markets Get Ready for Escalating Trade Wars as Trump Doubles Steel & Aluminum Tariffs; Asia Plunges, ECB Poised to Slash Rates • Global markets enter a more uncertain trade posture in June with President Donald Trump announcing a doubling of tariffs on the imports of steel and aluminum to 50% effective on Wednesday. The […]
Stocks and Dollar Dip Amid Tariff Uncertainty After Courtroom Reversal • Asian stocks slipped (Nikkei -1.7%, Hang Seng -1.4%, KOSPI -0.5%), U.S. and European futures also edged lower. • Currencies: The U.S. dollar weakened, heading for a fifth straight monthly loss. The yen strengthened to around 143.48/USD. • Bonds: U.S. 10-year Treasury yield steady at […]
Dollar Rebounds, Stocks Rally After Tariff Reversal and Nvidia Surprise US Court Blocks Trump’s Tariffs• A panel of judges from the US Court of International Trade ruled that former President Donald Trump exceeded his authority by imposing blanket tariffs under emergency powers. According to the court, only Congress has the constitutional authority to regulate foreign […]
Trump Presses Fannie/Freddie IPO with Assurances as Mortgage Giants and AI Share Headlines: Nvidia Earnings in Focus • Financial attention shifted to the highly anticipated quarterly results release by Nvidia, a bellwether for the artificial intelligence sector, as investors sort through persistent trade and debt issues. • That came after President Donald Trump’s announcement to […]
Sideways Markets Eye Nvidia, Fed Insights, and OPEC Developments Fed Minutes Incoming• The FOMC meeting minutes from earlier this month will be released today.• Traders will be looking for clues on rate path expectations and how the Fed views inflation and growth risks. Tariff Delay Offers Relief• Markets got a boost Tuesday as President Trump […]