News
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WTI slumps below $57.25 as escalating US-China trade tensions spark demand fears
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $57.25 during the early Asian session on Wednesday. The WTI price extends the decline near a four-year low due to US President Donald Trump’s trade war rhetoric, growing recession fears in the US and weak global demand.
Fxstreet
Wed, Apr 9
US agriculture chief says new deals may be struck over tariffs by end of week
WASHINGTON, April 8 (Reuters) - U.S. Agriculture Secretary Brooke Rollins said on Tuesday that new deals could be struck with other countries over trade tariffs by the end of this week.Rollins made the comments in an interview to Fox News host Bret Baier on the network's "Special Report" show.Reuters
Wed, Apr 9
Yield curve steepest since 2022, supply weighs on long end
April 8 (Reuters) - The U.S. Treasury yield curve reached its steepest level since February 2022 on Tuesday as longer-dated yields jumped on supply concerns, with some holders of the debt also seen as likely being forced to sell due to recent market volatility.Reuters
Wed, Apr 9
Gold struggles below $3,000 amid rising yields and tariff jitters
Gold price snaps three days of losses, consolidates below the $3,000 figure as US Treasury yields rise, making the non-yielding metal less appealing for investors. Even though there are hopes of trade deals between partners, the “trade war” between the US and China makes investors uneasy.
Fxstreet
Wed, Apr 9
South Korea announces emergency measures for auto industry hit by US tariffs
SEOUL, April 9 (Reuters) - South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of U.S. President Donald Trump's tariffs on a sector that has seen years of sharply rising exports to the United States.Reuters
Wed, Apr 9
Oil settles down $1 to trade at four-year lows as US-China trade war escalates
Oil prices settle down more than $1 a barrel Downside risks remain as US, China escalate tariff conflictGoldman Sachs says Brent, WTI could hit $62 and $58, respectively, by December 2025Trump says US and Iran will hold nuclear talks in Oman By Georgina McCartney HOUSTON, April 8 (Reuters) - Oil ...Reuters
Tue, Apr 8
Trump says Japan sending team for talks, Japan urges him to rethink tariffs
Japan's economy faces potential 0.8% growth loss due to US tariffsTreasury's Bessent, USTR Greer to lead US-Japan trade talksJapan urges Trump to reconsider tariff policiesJapan among 50-70 countries seeking trade talks with USChina isolates itself by retaliating against US tariffs, Bessent ...Reuters
Tue, Apr 8
China tariff escalation a big mistake, US Treasury Secretary says
WASHINGTON, April 8 (Reuters) - U.S. tariff negotiations are the result of calls from other countries not sliding financial markets and China's escalation is a big mistake, U.S. Treasury Secretary Scott Bessent said on Tuesday. "I think it was a big mistake, this Chinese escalation,&...Reuters
Tue, Apr 8
GLOBAL MARKETS-World stocks recover from a beating but the mood is fragile
LONDON/TOKYO, April 8 (Reuters) - World markets won a reprieve on Tuesday after three days of heavy selling that wiped trillions of dollars off the value of shares, but caution prevailed with focus on whether Washington might be willing to negotiate on some of its aggressive tariffs.Reuters
Tue, Apr 8
RPT-COLUMN-Trump and Powell spar anew in major Fed test: Mike Dolan
By Mike Dolan LONDON, April 8 (Reuters) - The last thing U.S. markets need right now is a war of words between the White House and the Federal Reserve, yet they may have to brace for increasingly testy exchanges over the days and weeks ahead.President Donald Trump is currently refusing to back do...Reuters
Tue, Apr 8
CORRECTED-EUROPE GAS-Prices rangebound as market weighs tariff impacts
LONDON, April 8 (Reuters) - Dutch and British gas prices rebounded slightly on Tuesday morning and are expected to move sideways as the market assesses the impact of U.S. tariffs on energy amid fears slow global growth could impact demand.The benchmark Dutch front-month contract TRNLTTFMc1 was up 0....Reuters
Tue, Apr 8
Oil Below $40 Isn’t a Joke! Tariffs Hit the Global Economy, and OPEC Throws in the Towel
TradingKey - Following a plunge in international oil prices to their lowest levels in four years, Goldman Sachs has presented an extreme scenario: Brent crude oil falling below $40 per barrel.TradingKey
Tue, Apr 8
China, Hong Kong stocks rebound with regional markets, Beijing support
HONG KONG, April 8 (Reuters) - China and Hong Kong stocks regained some ground on Tuesday, steadying in the wake of stronger regional markets and government-led support after a brutal selloff triggered by concerns over trade tariffs.Reuters
Tue, Apr 8
Dollar falls as prospect of tariff talks calms global markets
LONDON/SINGAPORE, April 8 (Reuters) - The U.S. dollar fell on Tuesday while the euro rallied as stocks rebounded in Asia and Europe on hopes that U.S. President Donald Trump will enter negotiations over his sweeping tariffs that have roiled markets for three days.
Euro zone bond yields ease as markets play it safe amid tariff woes
April 8 (Reuters) - Euro zone government bond yields eased on Tuesday after wild swings in the previous session as traders sought safe havens as they weighed uncertain trade policy and hoped that negotiations with the United States could help avert an escalating dispute.Reuters
Tue, Apr 8
China sticks to its guns as fresh US tariff threat pushes tensions to the brink
China vows 'fight to the end' if US hikes tariffs furtherTrump threatens China with additional 50% duty Tariffs make for battle of wills, not economics, analyst says By Joe Cash and Nicoco Chan BEIJING/SHANGHAI, April 8 (Reuters) - China vowed on Tuesday to "fight to the end" agai...Reuters
Tue, Apr 8
90-Day Tariff Pause Sparks False Hope for 15 Minutes: Can It Reveal a Glimmer of Hope for U.S. Stocks?
TradingKey - On April 7, 2025, global markets suffered a "Black Monday," but U.S. equities briefly rallied amid a false report suggesting a "90-day tariff pause." The Nasdaq Composite and semiconductor indices, which had been battered earlier in the day, ultimately closed in positive territory.TradingKey
Tue, Apr 8
