Stock market surges after bombshell China tariff announcement
The stock market surged higher after the latest U.S.-China trade war
BOJ upbeat on wages despite US tariffs, sees scope to resume rate hikes
TOKYO (Reuters) -The Bank of Japan expects wages and prices to keep rising even as the uncertainty over U.S. tariff policy weighs on the economy, its deputy governor Shinichi Uchida said on Tuesday, signalling the bank's resolve to maintain its rate-hike stance. While U.S. tariffs are likely to hurt Japan's economic growth, the BOJ will continue to raise interest rates if the economy and prices improve after a period of stagnation, as the board projects, Uchida told parliament. The BOJ will scrutinise the economic fallout from U.S. trade policy "without pre-conception" as uncertainty surrounding the outlook was extremely high, Uchida added.
Warm weather and Easter weekend boosted UK spending in April, says Barclays
Consumers shrugged off anxiety over effect of US tariffs as card spending grew by 4.5% year on year
Halliburton, Schlumberger Brace for the Next Oil Slump
Oilfield services providers are bracing for impact as several large E&P firms are cutting back on drilling programs.
Dow jumps more than 1,000 points after U.S. and China announce tariff truce
Stocks closed higher Monday as the U.S. and China moved to de-escalate their trade war, with investors eager for signs of a lasting agreement.
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U.S., Chinese Markets Cruise on Cooling Trade Tensions
With all the market ups and downs, today's big surge into the green has brought the S&P 500 within 5% of its all-time trading high.
Stocks to Watch as the U.S. & China Reach a Trade Deal
Stocks surged on Monday as the U.S. and China announced a deal to temporarily reduce their high reciprocal tariffs, leading to much optimism that a global economic recession may be avoided.
Costco (COST) Ascends But Remains Behind Market: Some Facts to Note
The latest trading day saw Costco (COST) settling at $1,016.15, representing a +0.8% change from its previous close.
Trading Day: Tariff truce a market 'game changer'
Relief and optimism coursed through world markets on Monday, putting a fire under stocks, the dollar and bond yields as U.S.-China tariff talks struck a surprisingly cooperative chord and raised hopes that the worst of the global trade crisis is over. In my column today I look at the Fed's more cautious, reactive approach to policymaking than many of its peers, who are cutting interest rates. U.S. and China reach deal to temporarily slash tariffs,easing slump fears 2.