Articles in this Cluster
10-07-2025
The US economy and trade are experiencing significant developments, with Bitcoin hitting a record $112,000 amid a Wall Street rally and crypto surge. US President Donald Trump has announced new tariffs on Brazil and six smaller economies, and imposed a 25% tariff on Japan and South Korea. Trump has also locked in an August 1 deadline for US tariffs on numerous trading partners, with no extensions. The US-China trade war continues, with China's rare earth dominance remaining a concern for the US. Other news includes Elon Musk's SpaceX planning a share sale that could value the company at $400 billion, and the US House passing a Trump-backed bill. China's exporters are largely staying in Vietnam after a US tariff deal, and TikTok is cutting US jobs amid a looming ban deadline. Analysts warn of potential profit-taking and macroeconomic shifts that could spark corrections in the market.
10-07-2025
Asia-Pacific stock markets traded mixed on Thursday following the Bank of Korea's decision to keep interest rates steady and US President Donald Trump's announcement of a 50% tariff on Brazilian imports and copper. Singapore's Straits Times Index hit a new record high, rising 0.47% to 4,077.41 points. Vietnam's index was 0.78% higher at 1,442.29 after JPMorgan upgraded its Vietnam stocks to overweight. Japan's Nikkei 225 slipped 0.45% at the open, while Australia's S&P/ASX 200 was 0.51% higher. US stock futures were little changed on Wednesday evening.
10-07-2025
U.S. President Donald Trump announced new tariffs on goods from several countries, including Mexico and Brazil, with a 50% tariff on copper imports set to begin on August 1. Despite this, U.S. stocks rose and the Nasdaq Composite closed at a new record high as investors focused on artificial intelligence, boosting shares of Nvidia, Meta Platforms, Microsoft, and Alphabet. The market capitalization of Nvidia briefly touched $4 trillion. Meanwhile, Starbucks China drew bids of up to $10 billion, and most Fed officials see rate cuts coming, although they are split on the number of cuts.
10-07-2025
US President Donald Trump's "reciprocal" tariffs of up to 40% on 14 countries, including major destinations for Chinese exports in Southeast Asia, are causing uncertainty and huge losses for Chinese manufacturers operating in the region, forcing them to rethink their investments and transshipment strategies.
10-07-2025
European markets are expected to open higher on Thursday, with the FTSE 100, DAX, and CAC 40 all predicted to rise. The news follows US President Donald Trump's announcement of new tariffs on several countries, including a 50% tariff on copper imports and tariffs on pharmaceutical exports of up to 200%. Copper prices have surged 2.5% following the announcement. Other news includes activist investor Standard Investments halving its stake in Johnson Matthey and Porsche warning of a $352 million hit to its earnings due to US tariffs.
10-07-2025
U.S. stock futures fell early Thursday after the S&P 500 rebounded from a tariff-fueled slide earlier in the week. The decline was triggered by President Donald Trump's announcement of a 50% tariff on Brazil, citing "unfair" trade practices and the trial of former Brazilian President Jair Bolsonaro. S&P 500 futures were down 0.25%, Nasdaq 100 futures fell 0.29%, and Dow Jones Industrial Average futures dropped 107 points. Investors are awaiting jobless claims data and are concerned about the impact of tariffs on inflation and the labor market. The tech and industrials sectors had closed at records on Wednesday, driven by gains in Nvidia and other stocks.
10-07-2025
US President Donald Trump has threatened to impose a 50% tariff on goods made in Brazil, escalating a trade dispute with the South American country. Trump accused Brazil of conducting a "witch hunt" against former far-right president Jair Bolsonaro, who is facing prosecution over his alleged role in a plot to overturn the 2022 election. Brazilian President Luiz Inácio Lula da Silva responded, warning against interference in the nation's judicial system and stating that any increase in tariffs would be reciprocated. Trump also announced that a 50% tariff on copper imports would come into effect on August 1, citing national security concerns.
10-07-2025
US President Donald Trump announced a 50% tariff on Brazilian imports, citing a "witch-hunt" trial against former Brazilian President Jair Bolsonaro, and also imposed tariffs on seven other countries, including the Philippines, Brunei, and Moldova. Trump's actions have heightened fears of exacerbating inflation in the US. Brazil's President Luiz Inácio Lula da Silva rejected Trump's demands to drop the trial against Bolsonaro, stating that Brazil is a sovereign nation that will not accept interference. Trump's tariff announcements have been met with criticism and uncertainty, with analysts warning of potential economic risks.
