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[hfe_template id='11223'] [ad_1] Wall Street's main indexes seesawed on Friday, as investors parsed President Donald Trump's latest comments on U.S.-China tariffs ahead of a weekend of trade talks between the two superpowers. Trump said Beijing should open its market to the United States and that 80% tariffs on Chinese goods "seems right." The levies are currently at 145%. Representatives from U.S. and China are scheduled to meet in Switzerland over the weekend to discuss tariffs, with investors hoping the talks will salve a bruising trade war that has raised concerns over global economic growth and left markets, companies and the Federal Reserve in wait-and-watch mode. "The tariff, whether it's 140% or 80%, the number sounds like a difference, but if there's still a tariff of 80%, most people are not going to buy stuff," said Michael Matousek, head trader at U.S. Global Investors. Investors are likely de-risking their portfolios ahead...

[hfe_template id='11223'] [ad_1] Foreign Institutional Investors (FIIs) extended their selling spree on Friday for the 9th successive session taking the monthly outflows to Rs 31,575 crore. They have been sellers in each of the previous three months and have offloaded domestic shares worth Rs 1,48,149 crore. FIIs sold domestic equities worth Rs 78,027 crore in January and followed it up with selling worth Rs 34,574 crore in February and Rs 3,973 crore in March. On Friday, FIIs sold shares worth Rs 2,519.03 crore while the domestic institutional investors (DIIs) were net buyers at Rs 3,759.27. The FIIs were sellers seven times on a monthly basis in the financial year that ended on March 31, 2025. The highest exodus of flows happened in October and January when the FIIs sold shares worth Rs 94,017 crore and Rs 78,027 crore, respectively. Commenting on the day's action, VK Vijayakumar, Chief Investment Strategist at Geojit Investments said that the turbulence in global ...

[hfe_template id='11223'] [ad_1] Even as Trump’s tariff tantrums dominate headlines, the biggest storm brewing for Dalal Street might not be coming from Washington—but from India Inc’s balance sheets. And unlike policy tweets, poor profits have a longer shelf life. The March quarter earnings season kicks off tomorrow, a market holiday though, with IT bellwether TCS announcing its numbers, and it couldn’t come at a more fragile time. After a nerve-rattling week driven by global fearmongering, Nifty bulls must now contend with the one force that truly steers stock prices—earnings. In the last few days, the market has been making sharp swings on the basis of any news—or even a rumour—around the trajectory of reciprocal tariffs by Trump. But with earnings taking the spotlight, the stage is set for what could be a harsh reality check. Motilal Oswal said the Q4 earnings remained essentially unchanged from previous quarters, with Nifty earnings growth expected at just 2% YoY. K...

[hfe_template id='11223'] [ad_1] India’s fear gauge, the Volatility Index (India VIX), surged over 6% to 21.68 on Wednesday, signalling rising investor anxiety amid a sharp selloff in global equities and renewed trade tensions. The spike in volatility comes as U.S. President Donald Trump vowed to impose “major tariffs” on pharmaceutical imports, sending Indian pharma stocks tumbling up to 6%. Meanwhile, metal stocks dropped as much as 4% after the U.S. raised import duties on Chinese goods by 50%, taking the total tariff burden to 104%. The move has raised concerns of China diverting its steel exports to other markets like India, intensifying competition for domestic producers. The growing fears of stagflation and a possible recession in the U.S. also weighed on sentiment, dragging down IT stocks and adding to market jitters. In early trade, the BSE Sensex declined 403 points, or 0.54%, to 73,823, while the Nifty50 dropped 146 points, or 0.65%, to 22,389 around 9:30 am. ...

[hfe_template id='11223'] [ad_1] Wall Street fell sharply for a second straight session on Friday, pushing the Nasdaq toward a bear market, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration's sweeping levies, escalating a global trade war and concerns of a recession. At 12.53 pm, the Dow Jones dropped 1,607.09 points or 3.96% to 38,938.84, the S&P 500 declined 258.10 points or 4.78% to 5,138.49, and the Nasdaq fell 817.82 points or 4.94% to 15,732.78. China's finance ministry said on Friday it would impose additional tariffs of 34% on all U.S. goods from April 10 after U.S. President Donald Trump raised tariff barriers to their highest level in more than a century this week. The tariff war has sent shockwaves through global financial markets and raised fears of an economic downturn, with investment bank JP Morgan forecasting a 60% chance of the global economy entering a recession by year-end, up from 40% previously. ...

[hfe_template id='11223'] [ad_1] Bears, fears and tears One of the most pivotal weeks in years - even decades - for the global economy closed on Friday to the sound of the Nasdaq crashing into a bear market as investors fear U.S. President Donald Trump's trade war will tip the world into recession. Less than 48 hours after Trump raised tariff barriers to the highest in over a century, China on Friday said it would slap additional 34% duties on all U.S. imports, escalating the global trade war to new, dangerous heights. Any hopes investors had of Federal Reserve Chair Jerome Powell coming to the rescue by signaling a readiness to cut interest rates - as Trump had appeared to pressure him into doing in a social media post earlier in the day - were dashed, as Powell stressed the "elevated risks" to both growth and inflation. This 'wait and see' approach rattled Wall Street further - the S&P 500's 6% slump meant the index's market cap plu...

[hfe_template id='11223'] [ad_1] Indian IT services stocks tumbled as much as 7% on Friday, extending their slide for a second straight session, as sentiment remained fragile following the U.S. administration's announcement of new reciprocal tariffs. Shares of tech majors, which earn a significant portion of their revenue in U.S. dollars, including Coforge, HCL Technologies, Tata Consultancy Services (TCS), Infosys, and Wipro slipped between 2-7%. The Nifty IT index dropped 3%, emerging as the biggest drag on benchmark indices for a second day in a row. The downturn in IT stocks began on Thursday following U.S. President Donald Trump's declaration late Wednesday of a 10% baseline tariff on all imports, with higher rates for countries with significant trade surpluses with the U.S. India was subjected to a 27% retaliatory levy, a rate lower than those imposed on China (34%), Vietnam (46%), and Bangladesh (37%). India’s IT sector has been reeling under pressure rece...

[hfe_template id='11223'] [ad_1] The downturn in the Indian stock market, which began in October 2024, coincided with a slowdown in economic growth and corporate earnings. The post-COVID crash rally, which took the Nifty from 7,511 in March 2020 to 26,277 in September 2024, was fundamentally supported by GDP growth and earnings. During the three years from FY22 to FY24, GDP grew by 9.7%, 7.6%, and 9.2%, respectively. This growth was accompanied by strong earnings expansion, averaging above 20% during the period. However, the sharp deceleration in Q2 FY25 GDP growth to 5.4% (later revised to 5.6%) became the fundamental trigger for the market correction that began in October 2024. The earnings downgrade for FY25, from the initial estimate of 15% to 7%, further accelerated the market downtrend. Live Events Economists have been debating whether this dip in growth is cyclical or structural. While some structural factors have played a role, the slowdown is largely cyclical. F...

[hfe_template id='11223'] [ad_1] Asian stocks posted modest gains in early trading Wednesday as investors search for a clear direction amid weaker US consumer confidence and a late rally in US equities. Indexes rose in Sydney and Tokyo and futures pointed to slight gains for Hong Kong. The S&P 500 climbed 0.2% Tuesday after fluctuating for most of the session to notch up its longest rising streak in almost seven weeks, despite a drop in consumer confidence. The Nasdaq Golden Dragon China Index tumbled for a sixth consecutive day, its longest losing streak in more than a year. The 10-year US Treasuries yield edged up to 4.33% in early Asian trading after falling in the previous session. The dollar was little changed after ending a four-day rally Tuesday. US copper surged to a record. Oil rose early on Wednesday after an industry report indicated a drawdown in US inventories. While markets have taken some comfort from President Donald Trump’s recent comments about the ...

[hfe_template id='11223'] [ad_1] A U.S. stock market rocked by President Donald Trump's back-and-forth on foreign import tariffs faces a Federal Reserve meeting in the coming week, as investors look for hints about further interest rate cuts that could restore some calm to markets. A weeks-long slide in stocks accelerated in recent days with the benchmark S&P 500 on Thursday confirming it was in a correction, ending down over 10% from its February 19 record high. While stocks ended the week on a positive note, with the S&P 500 rebounding sharply on Friday, the decline had wiped off more than $4 trillion in market value, with some of Wall Street's highest fliers such as Nvidia and Tesla getting pummeled. The Fed's latest monetary policy meeting comes as Wall Street is increasingly worried about an economic slowdown, with concerns exacerbated by Trump ramping up his tariff war. The U.S. central bank is widely expected to hold interest rates steady on ...

[hfe_template id='11223'] [ad_1] Even as Donald Trump’s trade war sends the US stock market hurtling toward a correction, the individual investors who rode the bull run to record highs haven’t yet given up their faith. The so-called retail investors poured $7.3 billion into equities in the week through Wednesday, when they boosted exposure to perennial favorites like Tesla Inc., according to Emma Wu, a global quantitative and derivatives strategist at JPMorgan Chase & Co. They weren’t riding the usual momentum upward. In fact, the S&P 500 Index slipped over 4% and big tech stocks gave up even more. But, unbowed, they also put billions into leveraged exchanged traded funds that magnify the returns on indexes like the Nasdaq 100 or popular funds like the ARK Innovation ETF (ticker ARKK) run by Cathie Wood. Bloomberg The push reflects confidence that’s built up since the Global Financial Crisis as US equities — with a few exceptions — tended to rise year after year....

[hfe_template id='11223'] [ad_1] U.S. President Donald Trump defended his use of tariffs and said they could multiply as he met on Tuesday with the CEOs of America's biggest companies, many of whom have watched their market value crater over recession and inflation fears. The Republican president spoke to about 100 CEOs at a regular meeting of the Business Roundtable, which includes the heads of Apple, JPMorgan Chase and Walmart . The event followed a private Trump meeting with technology company executives at the White House on Monday. U.S. stocks on Tuesday extended a selloff that has dragged the benchmark S&P 500 down 5.3% so far in 2025, with investors rattled over increased tariffs on imports and souring consumer sentiment. Monday's drop in the S&P 500 was its largest this year and followed an interview over the weekend in which Trump declined to rule out a recession resulting from his trade policies. He clarified those comments on Tuesday, telling...

[hfe_template id='11223'] [ad_1] World stocks fell to their lowest levels in six weeks on Friday, and the dollar hovered near multi-week highs, as the prospect of higher U.S. tariffs sent jitters through markets and revived concerns about a global trade war. Technology shares took an additional hit following a sharp sell-off in AI darling Nvidia and other so-called "Magnificent Seven" Wall Street mega-cap stocks, as investors judged the chipmaker's earnings report harshly a day after its release. U.S. President Donald Trump said on Thursday that 25% duties on imports from Canada and Mexico will come into effect on March 4 - not April 2 as he had suggested a day earlier - and said goods from China will be subject to an additional 10% duty. This week he also floated 25% tariffs on shipments from the European Union. "A market that had reduced its sensitivity to recent tariff headlines has had to reconsider that reaction function," said Chris Weston,...

[hfe_template id='11223'] [ad_1] The S&P 500 ended little changed on Wednesday ahead of quarterly results from Nvidia, whose positive outlook could set the tone for the artificial intelligence sector. Stocks lost ground in afternoon trading, with investors digesting the latest comments from U.S. President Donald Trump on tariffs. Trump said on Wednesday his administration will soon announce a 25% tariff on imports from the European Union. He also raised hopes for another pause on steep new tariffs on imports from Mexico and Canada by saying they would take effect on April 2, about a month later than a deadline next week. After the closing bell, Nvidia's shares were up about 2% in choppy trading. The AI tech leader forecast first-quarter revenue above market estimates. Nvidia's stock ended the regular session up 3.7%, while an index of semiconductors was up 2.1% on the day. The launch and popularity of low-cost AI models from China's DeepSeek had rattle...

[hfe_template id='11223'] [ad_1] The Nifty 50 on Friday slipped below the critical support level of 22,800, touching a low of 22,720 before closing at 22,795.90. The metals sector was the sole gainer, driven by optimism over potential tariffs aimed at protecting domestic producers from China’s dumping practices and better earnings. In contrast, Auto, Pharma, and Healthcare indices declined nearly 2%. Pharma stocks suffered a sharp sell-off following Trump’s unexpected tariff announcement on pharmaceuticals. Additionally, the auto sector remained under pressure due to concerns over slowing demand, as highlighted in the Society of Indian Automobile Manufacturers’ (SIAM) report. The benchmark BSE Sensex shed 424.90 points or 0.56% to close at 75,311.06, while the broader Nifty 50 index closed at 22,795.90, lower by 117.25 points or 0.51%. “With the key support level of 22,800 breached, the downward trend may persist. The next critical support level to watch is 22,500, while...

[hfe_template id='11223'] [ad_1] Wall Street's main indexes were muted on Friday, as investors awaited more clarity on U.S. President Donald Trump's reciprocal tariff plans after robust gains in the last sessions, with all three benchmarks set for weekly gains. Trump tasked his economics team on Thursday with devising plans for reciprocal tariffs on every country taxing U.S. imports, though the directive stopped short of imposing fresh tariffs. Howard Lutnick, Trump's pick for commerce secretary, said the administration would address each affected country one by one and said studies on the issue would be completed by April 1. "The tariff news created a lot of volatility about two weeks ago, but right now it seems that the markets are looking past it," said Larry Tentarelli, chief technical strategist and founder of Blue Chip Daily Trend Report. "The markets probably see the tariffs as more of a negotiating tool than anything else." Imposit...

[hfe_template id='11223'] [ad_1] The S&P 500 ended higher on Thursday, lifted by gains in Nvidia, Apple and Tesla, after U.S. President Donald Trump unveiled a roadmap for charging reciprocal tariffs on U.S. trading partners. A White House official said the tariffs would match the higher duties charged by other countries and could be imposed within weeks as Trump's trade and economic team studies bilateral tariff and trade relationships. Stocks also gained after data showed U.S. producer prices increased in January, while key elements in the core Personal Consumption Expenditures (PCE) index, a measure closely tracked by the U.S. Federal Reserve, were benign or lower. Components, including physician's office and hospital prices, were either broadly unchanged or rose modestly. Healthcare, with a nearly 20% weighting in the core PCE, declined 0.06%. Yields on the 10-year U.S. Treasury bond moved sharply lower following the report, suggesting investors were gr...

[hfe_template id='11223'] [ad_1] Asian stock markets slumped on Monday and U.S. equity futures pointed sharply lower after U.S. President Donald Trump's tariffs on Canada, Mexico and China triggered fears of a broad trade war and hit to global growth. The U.S. dollar shot to a record peak against the Chinese yuan in offshore trading, and its highest against Canada's currency since 2003 and the strongest against the Mexican peso since 2022. Japan's Nikkei share average tumbled as much as 2.3% in early trading, and Australia's benchmark - which often functions as a proxy for Chinese markets - slumped more than 2%. Stocks in Hong Kong, which include listings of Chinese companies, fell 1.9% after a Lunar New Year holiday. China's markets resume trading following the holidays on Wednesday. Pan-European STOXX 50 futures sank 2.7%. Also Read | Want a war, Don? Trump’s tariff barrage sets stage for global chaosTrump followed through with threats to slap Canad...

[hfe_template id='11223'] [ad_1] The Federal Reserve's first meeting of 2025 in the coming week stands to test the resurgence in U.S. stocks as investors gauge the extent of more equity-friendly interest rate cuts in the months ahead. Stocks swooned after the Fed's last meeting in December, when the central bank downgraded its forecast for rate cuts as it braced for firmer inflation this year. Since then, monthly data that showed underlying inflation moderated set off relief on Wall Street, helping drive a rebound in stocks with the benchmark S&P 500 hitting a record high this week. The Fed is broadly expected to pause its easing cycle when it gives its monetary policy statement on Wednesday, with investors instead focused on "what would need to happen for them to start talking about resuming the rate cuts," said Angelo Kourkafas, senior investment strategist at Edward Jones. Given recent data indicating strong economic activity, Kourkafas said, ...