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 […]
New Tariffs Weigh on the Auto Sector
Yesterday afternoon, President Trump announced a new 25% tariff on all vehicles not made in the United States and threatened to raise tariffs against Canada and the European Union if they work together to fight his tariffs. To some extent investors had been expecting another round of tough talk on tariffs as US indices fell […]
Stock Rally Stalls as Trump Tariff Threats Increase
A two-day rally in stocks appears to be winding down this morning as US index futures are trading up 0.1%-0.2% after US indices soared 1.4% to 2.3% yesterday. Speculation that President Trump may scale back on his “Liberation Day” plan to introduce widespread reciprocal tariffs starting April 2 has faded. Instead of standing down like […]
Trump Talks Tonight as Tariff War Begins
The long threatened 25% US tariffs against Canada and Mexico and 10% tariffs against Canadian Energy and China began at midnight this morning. The announcement yesterday, which sent US indices down 1.5% to 2.6%, has continued to impact stocks around the world overnight. Tokyo fell 1.2%, and European trading this morning finds Frankfurt down 2.4%, […]
Trade War Focus Turns To China
Stocks and currencies have stabilized overnight after President Trump postponed the implementation of tariffs against Canada and Mexico for one month after agreements were reached to improve border security. New 10% tariffs continue, however, and China has retaliated with new tariffs against some US goods and regulatory investigations against some US companies. This morning finds […]