The White House has confirmed President Trump’s plan to reduce tariffs on auto parts for cars made in America, just days before the exemption on 25% import levies expires. Global markets continue their week-long winning streak, with major European indices opening higher.View on euronews
The dollar has plunged to its lowest level in years recently, but that could be a boon for US corporate earnings, Morgan Stanley's Mike Wilson said.
MUMBAI (Reuters) -China will not dump its goods in other countries due to its trade and tariff war with the U.S., Beijing's ambassador to India, Xu Feihong, wrote in an article on Tuesday, trying to allay fears of cheap Chinese goods flooding other markets. In tit-for-tat tariffs between the world's two biggest economies, China and the U.S. have hiked levies on each other's goods to over 100% since U.S. President Donald Trump took office in January, rattling global markets. The trade war has stoked fears that Chinese firms may divert goods to other markets, hitting competitiveness of exports from other countries.
(Reuters) -Foreign investors extended their longest buying spree since July 2023 on Monday, fuelled by U.S. trade deal hopes, cheap corporate valuations, and India's relative resilience to global tensions, helping markets shrug off concerns over India-Pakistan frictions. The main reason for FPIs coming back into Indian markets is that the U.S. and China are more vulnerable to a global trade war than India, which is projected to still remain the fastest growing large economy in fiscal year 2026, said G Chokkalingam, founder and head of research at Equinomics Research. Markets have also shrugged off fears of an escalation in tensions between India and Pakistan after a deadly militant attack in Kashmir last week, which initially sapped risk sentiment.
U.S. stocks are drifting in mixed trading Tuesday as stronger-than-expected profits keep piling higher for companies, while CEOs also say they’re unsure how long that can last because of uncertainty around President Donald Trump’s trade war. The S&P 500 was 0.3% higher in midday trading, coming off a five-day winning streak. Because it's the world’s largest package delivery company, UPS can offer a window into how the global economy is doing.
Nvidia shares fell on Monday to snap a four-day winning streak following news that China's Huawei Technologies is developing a rival AI chip. Monitor these key chart levels.
SINGAPORE (Reuters) -Stocks and the dollar edged higher on Tuesday as U.S. President Donald Trump's administration responded to pressure from automakers and said it will soften some tariffs, ahead of a big week for economic data and earnings. The U.S. would move to reduce the impact of duties imposed on foreign parts in domestically manufactured cars, and keep tariffs on cars made abroad from stacking up on other duties, officials said. European and S&P 500 futures ticked up 0.1%, although moves were limited without meaningful relief on significant China levies.
A barrage of economic data points and Big Tech earnings are coming. From inflation to jobs data to Apple earnings, here's what's on tap for the stock market.
A group of banks including Morgan Stanley, Bank of America, Barclays and Mitsubishi UFJ sold the final piece of debt tied to billionaire Elon Musk's $44 billion buyout of social media platform Twitter, now called X, the Wall Street Journal reported on Monday, citing people familiar with the matter. The $1.2 billion of loans were sold at 98 cents on the dollar, the report added. Morgan Stanley, Barclays, Mitsubishi UFJ and X did not immediately respond to Reuters' requests for comment.
The U.S. planemaker's rating was placed on CreditWatch negative after about 33,000 of its workers went on a strike, which halted production of its best-selling jets. S&P said on Monday that Boeing appears to be on track to recover from the 2024 strike-driven production halt and persistent manufacturing quality problems.