Things are getting awkward for the Federal Reserve. With their eye on inflation, officials are inclined to hold rates steady when they meet in Washington on Tuesday and Wednesday. But fears of a slowdown are mounting, and President Donald Trump and some of his deputies keep hammering the central bank for an interest-rate cut. Caught…
(Bloomberg) — US copper prices fell sharply on Wednesday as traders rushed in to square off their positions before a long holiday in China. Most Read from Bloomberg Futures on New York’s Comex sank as much as 7.2% to $4.524 per pound on Wednesday, before paring some of the losses. The selloff came as Chinese…
China has once again rejected suggestions that it is in talks with the United States over tariffs, following repeated claims by US President Donald Trump that he has spoken with his Chinese counterpart, Xi Jinping, on the issue. In a statement on social media on Saturday, the Chinese embassy in Washington described assertions that talks…
(Bloomberg) — Bank of America Corp. strategists said investors should sell into rallies in US stocks and the dollar, cautioning that the conditions for sustained gains are missing. Most Read from Bloomberg The dollar is in the midst of a longer term depreciation while the shift away from US assets has further to go, according…
(Bloomberg) — China’s government is considering suspending its 125% tariff on some US imports, people familiar with the matter said, as the economic costs of the tit-for-tat trade war weigh heavily on certain industries. Most Read from Bloomberg Authorities are considering removing the additional levies for medical equipment and some industrial chemicals like ethane, the…
(Bloomberg) — Asian stocks snapped a five-day winning streak as a brief global relief rally gave up momentum after mixed signals from the Trump administration on its plans for China tariffs. Most Read from Bloomberg A regional gauge of stocks fell 0.3% as market enthusiasm got curbed after Treasury Secretary Scott Bessent cast doubt on…
(Bloomberg) — Beijing Smart Walnut Education Technology Co., a provider of services that help children learn to code, is one of several Chinese firms considering initial public offerings in the US despite market turmoil and friction between Washington and Beijing, according to people familiar with the matter. Most Read from Bloomberg Walnut Coding, as Beijing…
(Bloomberg) — It was an unexpected, if improbable relief. The panic unleashed by Donald Trump’s trade war, which convulsed financial markets around the globe and sowed doubts about America’s standing in the world, died down nearly as quickly as it began. Most Read from Bloomberg The S&P 500 Index — after swinging more than 10%…
(Bloomberg) — China wants to see a number of steps from President Donald Trump’s administration before it will agree to trade talks, including showing more respect by reining in disparaging remarks by members of his cabinet, according to a person familiar with the Chinese government’s thinking. Most Read from Bloomberg Other conditions include a more…
(Bloomberg) — Supply Lines is a daily newsletter that tracks global trade. Sign up here. Most Read from Bloomberg President Donald Trump called on China to reach out to him in order to kick off negotiations aimed at resolving the escalating trade fight between the world’s two largest economies. “The ball is in China’s court….