US-EU Trade Deal Kicks Off a Busy Week For Business News
Over the weekend the US and EU agreed to a new trade deal which includes a 15% tariff on EU goods entering the US. The EU also agreed to buy $750B of US energy and make investments of $600B in the US. This news arrives ahead of Thursday’s deadline to reach new trade deals with […]
Japan Trade Deal Sparks Equity Index Rally, But Earnings Knock Down Some Stocks
With the August 1st US tariff deadline approaching, the United States has entered into a new trade deal with Japan, under which Japan will invest $550 Billion in the US, open its market to US automobiles and agricultural goods, and a 15% tariff on Japanese goods, which, in fact, represents a tariff reduction for automobiles. The […]
Tariff Rollout Continues; New High for Bitcoin; Earnings Season Starts
Adding to Friday’s losses, US index futures are down 0.3%-0.4% to start the week. Over the weekend, the EU and Mexico joined the Trump tariff parade as he announced 30% tariffs as set to start on August 1st. Tariffs helped the US to record a surprise budget surplus for June so there appears to be […]
Stocks Stumble as Trump Ramps Up Tariff Threats
Last night, President Trump announced plans to launch a 35% tariff against Canada starting August 1st, sending shockwaves through world markets. Trump has also been talking about a 50% tariff against Brazil bolstering recent threats against BRICS countries and their allies. With fears growing that the EU could potentially be next on his hit list, […]
Nvidia Earnings and Court Decision on Tariffs Boost Stocks
US stocks continue their rally this morning with Dow Futures up 0.3% and NASDAQ futures up 1.2%. Positive sentiment has been reinforced by Nvidia, which is up 5.4% premarket, beating the Street on earnings ($0.81 vs Street $0.74), and the news that the US Court of International Trade has struck down President Trump’s reciprocal tariff […]
Trump Tariff Tweets Sink Stocks
What was looking like a quiet Friday was turned on its head by President Trump this morning after he launched a new round of tariff threats. Specifically, Trump threatened a 25% tariff against Apple unless it brings iPhone production to the US and also a 50% potential tariff against the EU starting June 1st. This […]
Stocks Soar as US-China Trade Tensions Ease
Much of the uncertainty which has been hanging over world markets in recent months eased significantly. The US and China announced yesterday that they have agreed to pause their recent tariffs for 90 days while they work on a bigger trade agreement. This news has ignited a rally in US index futures, which are up […]
Stock Rally Fades as Investors Await Friday’s Earnings Season Start
Yesterday’s decision by President Trump to postpone reciprocal tariffs on countries who agree to not fight back and come to the bargaining table continues to send shockwaves through world markets. Following on from one of the strongest single days in US history where the S&P 500 gained 9.5% and the NASDAQ soared 12.1%, the Nikkei […]
Growing Trade War, Positive Payrolls and Powell In Focus
Stocks and commodities have been under heavy selling pressure overnight on fears that this week’s Trump Tariffs may have ignited a global trade war. Overnight, China responded with 34% tariff on all US goods it imports. This news particularly impacted Australia as its stock market fell 2.4% and the Australian Dollar plunged 3.6%. Commodities have […]
Investors Await “Liberation Day” Tariff Announcements
The big day which investors have been awaiting or dreading has finally arrived. At 4:00 pm EDT this afternoon, just after North American markets close, President Trump is expected to make a number of announcements related to new and reciprocal tariffs, a moment that he has been calling “Liberation Day” for weeks. Previous tariff announcements […]