China’s export growth surged in October to the fastest in more than two years, extending a months-long run of resilience that helped sustain the economy before a barrage of stimulus measures aimed at shoring up domestic demand. Exports rose 12.7% in dollar terms from a year earlier and imports fell 2.3%, the customs administration said…
Donald Trump is back. With him comes renewed vows to take on China and reclaim America’s position atop the global word order. And he’s vowing to pick up where he left off on his trade war with China. In this week’s podcast, Rebecca Jones asks Bloomberg senior editor Malcolm Scott about the big implications that…
China extended its congratulations to Donald Trump for his victory in the US election, while the president-elect reportedly spoke on the phone with Chinese leader Xi Jinping. A Foreign Ministry spokesperson commended the Republican on his win over Kamala Harris, according to a statement late Wednesday night. “We respect the choice of the American people…
Asian equities were set to climb Thursday after US stocks hit fresh highs as investors positioned for a second Donald Trump presidency. Treasuries tumbled and the dollar soared. Australian stocks and futures contracts for Japanese stocks advanced, echoing the gains on Wall Street. The S&P 500 climbed 2.5% Wednesday, its best post-Election Day in history,…
No billionaire did more to help Donald Trump win the US presidential election than Elon Musk. The Tesla Inc. and SpaceX boss will now find out whether it pays off or he ends up getting burned. Musk, whose growing political apparatus has already proved its mettle, will gain more than just an ally in the…
Hi, this is Rebecca Choong Wilkins in Hong Kong, where I watched that red wave sweep across the US electoral map while wondering what Beijing is making of Donald Trump moving into the White House again soon. There’s no doubt Chinese officials were closely watching given the stakes are mammoth: Trump’s return may reignite a…
Donald Trump quickly put his stamp on financial markets Tuesday night. As the votes piled up in key swing states in his favor, leaving him on the cusp of returning to the White House, all the tried-and-true Trump Trade plays erupted. US stocks surged, with S&P futures climbing 1.4%; the dollar posted its biggest gain…
Asian stocks outside of Japan declined in early trading, dragged down by losses in Hong Kong-listed Chinese technology shares as Donald Trump took an early lead in the US presidential election. The MSCI Asia Pacific Excluding Japan Index slid almost 1%, with Alibaba Group Holding Ltd. and Meituan among the biggest drags on the benchmark….
US equity futures climbed to session highs on Tuesday as polls closed in key states, with the riskiest parts of the stock market posting the biggest swings. Futures on the small-cap Russell 2000 Index advanced as much as 3.6% as of 10:02 p.m. in New York, before paring the rally to 2.5%. Contracts on the…
Elon Musk vowed Tuesday to keep his political action committee going beyond the presidential election, a sign the world’s richest person is building a political machine that goes beyond his support of Republican nominee Donald Trump. “America PAC is going to keep going after this election,” Musk said on an X Spaces Tuesday. Musk said…