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Showing posts with the label reuters news

TRADING DAY-Nervous calm ahead of 'Liberation Day'

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[hfe_template id='11223'] [ad_1] The first trading day of the quarter on Tuesday was a nervy affair ahead of U.S. President Donald Trump's "Liberation Day" on Wednesday, with markets struggling for clear direction as Trump's new trade barriers loomed into view. Stocks mostly rose but U.S. Treasury yields tumbled, while gold and the dollar broadly held steady. Talking of the greenback, I will dig deeper into the IMF's latest FX reserves data below, but first, here are the scores on the doors from Tuesday's trading around the world. Today's Key Market Moves. * A late surge on Wall Street lifts the Nasdaq and S&P 500 out of the red. The Nasdaq rises 0.8%, the S&P 500 gains for a second day. * Tesla shares rebound 3.6% ahead of its first-quarter vehicle deliveries report on Wednesday. Live Events * U.S. Treasury yields fall across the curve. A 9 bps decline at the long end bull flattens the curve. * Benchmark European stocks rise m...

Trading Day: Markets soar as Powell brings back 'transitory'

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[hfe_template id='11223'] [ad_1] Wall Street rallied sharply and Treasury yields fell on Wednesday as investors bet that the Federal Reserve will look through rising price pressures and continue cutting interest rates this year, after new projections showed that officials now expect lower growth and higher inflation. While the median projection of two more rate cuts this year is still policymakers' base case, the underlying 'dot plot' forecasts shifted up closer towards only one. But not quite. Investors ignored that, however. They also ignored the growing "stagflation" risks and officials' admission that uncertainty is elevated. Instead, they seized on Chair Jerome Powell's belief that tariff-driven inflation will be "transitory" and largely confined to this year. I will dig deeper into the confusing signals sent by various measures of inflation expectations below. But first, here are the scores on the doors from Wednesday's...

Another sea of red as tariffs trump ceasefire hopes

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[hfe_template id='11223'] [ad_1] Wall Street's failure to bounce back from its recent beating on news of a potential ceasefire between Ukraine and Russia shows just how worried investors are about the growth and market impact from U.S. President Donald Trump's tariff wars. Ukraine said on Tuesday it is willing to accept a U.S. proposal for a 30-day ceasefire, a deal that Washington will now put to Moscow. Investors initially cheered the news, and at one point the Nasdaq was up more than 1%. But Trump's announcement that he will double tariffs on imported steel and aluminum products from Canada to 50% weighed heavily, and traders ended the day with a sea of red across their screens. Today's Key Market Moves. * The three main indexes on Wall Street close at fresh five-month lows. The S&P 500 is back in 'correction' territory, down more than 10% from its peak, and the Nasdaq is off 15% from its peak. Live Events * The dollar slides to a 5-mont...