On Wall Street, it’s called Trump-induced volatility, and the message of the past few days is that investors—and everybody else—had better get used to it. At the weekend, the President made good on a signature campaign promise, imposing twenty-five per cent levies on Mexican and Canadian goods and ten per cent on Chinese imports. On…
Worries about President Donald Trump’s tariffs are hurting U.S. stocks Monday as financial markets worldwide drop on concerns about a potential trade war.The S&P 500 was down 1.4% in early trading following similar losses for stock markets across Asia and Europe. The Dow Jones Industrial Average was down 435 points, or 1%, as of 9:35…
US President Donald Trump’s inauguration ceremony and his activities on day one were covered extensively by Chinese state media, as commentaries called for a responsible handling of ties. Communist Party mouthpiece People’s Daily offered spot news on the ceremony and some of the executive orders signed by Trump on his first day back at the…
Iron ore futures prices gained for a second straight session on Tuesday, supported by pre-holiday restocking by steelmakers in top consumer China and revived hopes of stimulus. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.29% higher at 783 yuan ($107.28) a metric ton. The benchmark January iron…
With 2025 right around the corner, Summit Place Financial Advisors founder and president Liz Miller joins Wealth! Host Brad Smith to make a case for US stocks (^DJI,^GSPC, ^IXIC). “As we look into 2025, what we’re seeing is a global economy that’s likely to be struggling, and the one bright spot is probably the United…
Investors are growing increasingly bullish as the stock market rally rolls on to end 2024. In Bank of America’s December Global Fund Manager Survey, 36% of respondents said they’re overweight US equities, the highest level seen in the survey’s history. This large shift into US stocks came alongside a record-low allocation to cash and a…
SYDNEY/LONDON, Dec 16 (Reuters) – Shares around the world nudged lower on Monday on soft economic numbers from China and Europe and as surging bond yields challenged equity valuations, kicking off a week packed with central bank meetings and major economic data. Figures from China showed retail sales rose just 3.0% in November, compared with…
(Bloomberg) — A year ago, equity investors and strategists braced for a potential turbulent 2024, worrying about the risk of a hard landing for the US economy and interest rates cuts that could come too late to prevent it. Most Read from Bloomberg Fast forward to now: 2024 is set to enter Wall Street’s hall…
TOI correspondent from Washington: In a warning shot that echoed across major world capitals and business majors on Tuesday, US President-elect Donald Trump said he will issue executive orders on day one of his presidency imposing new tariffs on all imported goods from China, Mexico and Canada, Washington’s three largest trading partners, to stop the…
Global markets rose Monday as investors responded positively to President-elect Donald Trump‘s nomination of billionaire hedge fund manager Scott Bessent as Treasury secretary. European and Asian markets largely tracked Wall Street‘s gains last week, reflecting optimism over a potentially market-friendly economic plan. In Europe, Germany‘s DAX climbed 0.7 percent to 19,461.11, while France‘s CAC 40…