President Donald Trump signed an executive order on Wednesday imposing an additional 25% tariff on all Indian goods entering the US, carrying out his threat made a day ago to penalise New Delhi’s continued purchases of Russian oil. Trump’s additional 25% tariff followed after over a week of criticism focused on New Delhi’s continued purchases…
By Nikhil Sharma and Pranav Kashyap (Reuters) -S&P 500 and Dow futures climbed on Wednesday, as investors assessed a fresh round of corporate earnings, while renewed optimism that the Federal Reserve will soon deliver long-awaited interest rate cuts kept markets buoyant. At 6:59 a.m. ET, S&P 500 E-minis were up 14.25 points, or 0.23%, Nasdaq…
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Investors shrugged off last week’s worries over the U.S. economy to drive a powerful, tech-led rebound across global stocks on Monday, although U.S. Treasuries prices held onto Friday’s gains, suggesting a fair degree of…
(Reuters) -The revisions to previous estimates of the size of U.S. payrolls gains for May and June that prompted President Donald Trump to fire Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday were by any measure extraordinarily large. Indeed, the combined downward revision for the two months of 258,000 was the largest – outside…
(Reuters) -New orders for U.S.-manufactured goods fell in June as commercial aircraft orders plunged, reversing the surge in plane orders that had driven the overall upswing in orders in the prior month. Factory orders tumbled 4.8% after an upwardly revised 8.3% increase in May, the Commerce Department’s Census Bureau said on Monday. Economists polled by…
By Wayne Cole SYDNEY (Reuters) -Asian share markets followed Wall Street lower on Monday as fears for the U.S. economy returned with a vengeance, spurring investors to price in an almost certain rate cut for September and undermining the dollar. Some early resilience in U.S. stock futures and a continued retreat in oil prices did…
(This story has been refiled to remove an incorrect image) (Reuters) -Democratic lawmakers in Texas said on Sunday they were leaving the state to deny Republicans the quorum needed to redraw the state’s 38 congressional districts, a move sought to protect the Republicans’ narrow U.S. House majority in next year’s midterm elections. President Donald Trump…
By John Revill ZURICH (Reuters) -The Swiss government is open to revising its offer to the United States in response to planned heavy tariffs, Business Minister Guy Parmelin said, as experts warned the 39% import duties announced by President Donald Trump could trigger a recession in Switzerland. Switzerland was left stunned on Friday after Trump…
By Davide Barbuscia NEW YORK (Reuters) -News of a surprise weakening in the U.S. labor market last month jolted investors on Friday, as hefty revisions to past months raised fears the Federal Reserve may have been flying blind in recent months and may need to play catch-up with interest rate cuts. Nonfarm payrolls increased by…
By David Ljunggren OTTAWA (Reuters) -The Canadian team working on a trade deal with the United States could walk away from talks in the wake of a U.S. decision to impose a 35% tariff on some goods from Canada, an adviser to Prime Minister Mark Carney said on Friday. Flavio Volpe, a member of Carney’s…