BUSAN, South Korea/BEIJING, Oct 30 (Reuters) – U.S. President Donald Trump hailed a meeting with China’s Xi Jinping as “amazing” and “12” on a 10-point scale, but the agreement the two leaders reached appears to be no more than a fragile truce in a trade war with root causes still unresolved. The framework announced on…
A look at the day ahead in European and global markets from Ankur Banerjee A handshake between Donald Trump and Xi Jinping, an expected hold on rates from the Bank of Japan and Federal Reserve Chair Jerome Powell’s cautious tone are all that investors can think about ahead of another onslaught of European earnings. Sign…
ABOARD AIR FORCE ONE, Oct 30 (Reuters) – U.S. President Donald Trump said on Thursday that the United States will cut its tariffs on Chinese goods related to fentanyl to 10% from 20%, after his summit with Chinese President Xi Jinping in South Korea. Xi will work “very hard to stop the flow” of fentanyl,…
BOJ stands pat on rates, yen falls Currency reaction muted after Trump-Xi meeting; details awaited Trump says trade deal with China could be signed on Thursday Traders reduce expectations for 25bp Fed cut in December SINGAPORE, Oct 30 (Reuters) – The yen fell on Thursday in the wake of the Bank of Japan’s decision to…
WASHINGTON, Oct 29 (Reuters) – Nvidia CEO Jensen Huang donated to fund the construction of U.S. President Donald Trump’s White House ballroom, he told reporters, joining other tech leaders supporting the project. “I’m delighted to be part of it,” he told reporters in Washington on Tuesday. Nvidia was not named on the White House’s public…
ORLANDO, Florida, Oct 28 (Reuters) – Another wave of U.S. tech euphoria lifted Wall Street to new highs on Tuesday, this time in the shape of a deal between Microsoft and OpenAI, a day ahead of a clutch of U.S. Big Tech earnings and the Federal Reserve‘s policy decision. In my column today, I look…
Oct 28 (Reuters) – Nvidia (NVDA.O), opens new tab was on the verge of becoming the first company worth $5 trillion on Tuesday after the heavyweight chipmaker said it had $500 billion in bookings for its artificial intelligence processors and that it will build seven new supercomputers for the U.S. Department of Energy. Nvidia’s stock…
Oct 27 (Reuters) – What matters in U.S. and global markets today By Mike Dolan, opens new tab, Editor-At-Large, Finance and Markets Sign up here. Trade and inflation relief are driving world stock markets sharply higher on Monday, as we begin a packed week of big central bank meetings and heavyweight tech earnings. I’ll get…