Articles in this Cluster
11-07-2025
Asia-Pacific stocks mostly rose Friday following U.S. President Donald Trump’s announcement of a 35% tariff on Canadian imports starting Aug. 1 and his plan to consider broad 15%-20% tariffs on most trade partners. Singapore’s Straits Times Index hit a fresh record for a fifth straight day; Hong Kong’s Hang Seng and China’s CSI 300 opened higher amid cautious optimism focused on AI, tourism, and high-dividend plays despite real estate weakness. Japan’s Nikkei and Topix, South Korea’s Kospi and Kosdaq, and Australia’s ASX 200 also gained at the open. In the U.S., the S&P 500 and Nasdaq closed at record highs, futures were little changed, and bitcoin notched a new record above $113,000.
Entities: Asia-Pacific stocks, Donald Trump, Canadian imports tariff, Straits Times Index, Hang Seng Index • Tone: analytical • Sentiment: positive • Intent: inform
11-07-2025
European stocks fell Friday as investors awaited a White House letter detailing EU tariffs amid escalating U.S. trade measures. The Stoxx 600 dropped about 1.1%, with Germany’s DAX and France’s CAC 40 down ~0.9% and the U.K.’s FTSE 100 off 0.4%. Sentiment soured after the U.S. announced 35% tariffs on Canada and a 50% duty on all copper imports, adding to earlier hikes on Japan and Brazil. Jamie Dimon warned markets may be underpricing the risk of a Fed rate hike, citing inflation concerns. Oil and gas edged higher: BP rose ~2% after a stronger-than-peers trading update despite signaling lower Q2 oil and gas sales and a potential impairment up to $1.5 billion. The IEA said China’s EV surge is cutting petrol and diesel demand, though rising crude stockpiles mask the decline. In currencies, the British pound slipped after weaker-than-expected U.K. GDP, boosting odds of an August BoE rate cut. Other corporate and policy moves included steady revenue growth at Italy’s Cucinelli and a new U.K. investment in Eutelsat to bolster European satellite capability. Investors are now turning to U.S. bank earnings next week for guidance.
Entities: Stoxx 600, White House, European Union tariffs, DAX, FTSE 100 • Tone: analytical • Sentiment: negative • Intent: inform
11-07-2025
U.S. stocks fell Friday after fresh tariff escalations, reversing Thursday’s record highs. The Dow dropped 0.63%, the S&P 500 0.33%, and the Nasdaq 0.22%, leaving all three indexes down for the week. The pullback followed President Trump’s surprise 35% tariff on Canada tied to fentanyl concerns and his signal of broader 15%-20% blanket tariffs, plus new 50% tariffs on imported copper and on Brazil. Markets, which had appeared increasingly desensitized to tariff threats, grew cautious on potential growth and inflation impacts. Energy led weekly sector gains; consumer staples, financials, and communication services lagged. Analysts flagged a late-cycle backdrop with scarce secular growth (favoring tech/comm services) and warned the regional bank rebound may be stretched ahead of next week’s Q2 earnings and key inflation data. Notable movers included Kraft Heinz on breakup reports and AMC on an analyst upgrade.
Entities: U.S. stocks, Dow Jones Industrial Average, S&P 500, Nasdaq, President Trump • Tone: analytical • Sentiment: negative • Intent: inform
11-07-2025
U.S. stock futures fell Thursday evening after President Trump announced 35% tariffs on Canada starting Aug. 1, following new 50% tariffs on imported copper and on Brazil. Despite trade escalation, the S&P 500 and Nasdaq hit fresh closing records earlier, with the S&P up 0.27%, Nasdaq up 0.09%, and the Dow up 0.43%. The rally, sparked by Nvidia nearing a $4 trillion valuation, was led by consumer discretionary shares. Citi’s Drew Pettit cautioned that sustained gains require resilient macro data and Fed rate cuts. For the week, major averages are little changed. After hours, Levi Strauss and PriceSmart rose on earnings beats and guidance, while bitcoin-related stocks gained as bitcoin hit new records above $116,000. Investors await the Treasury’s monthly statement Friday.
Entities: U.S. stock futures, President Trump, Canada, tariffs, S&P 500 • Tone: analytical • Sentiment: neutral • Intent: inform
11-07-2025
- Trump imposed 25% unilateral tariffs on Japan and South Korea and raised import taxes on several other countries after talks stalled.
- A suspected “bomb” in Hong Kong was identified as a British-made cannon barrel, likely from the 19th century—the city’s first such archaeological find in nearly 20 years—found on Mody Road in Tsim Sha Tsui, prompting temporary cordons and an EOD response.
- China’s expanded visa-free policy boosted inbound tourism in early 2025, supporting domestic consumption.
Entities: Donald Trump, United States tariffs, Japan, South Korea, Hong Kong • Tone: analytical • Sentiment: neutral • Intent: inform
