News
Important Only
Auto tariff to cost US consumers more than $30 bln in first year, report shows
April 3 (Reuters) - U.S. President Donald Trump's 25% tariff on auto imports may cost American consumers more than $30 billion in higher vehicle prices and reduced car sales in the first full year, consultancy firm Anderson Economic Group said in a report on Thursday.WHY IT'S IMPORTANTManufa...Reuters
Thu, Apr 3
Trump's trade policies triggered largest Asian equity outflows in at least 15 years in Q1
April 3 (Reuters) - Foreign investors withdrew the largest amount of money from Asian equities in about 15 years in the quarter to March ahead of U.S. President Donald Trump's major tariff announcement - and some say the region may see more selling as investors head for safe-haven assets.Oversea...Reuters
Thu, Apr 3
China urges US to immediately lift tariffs, vows retaliation
China vows countermeasures if US doesn't immediately cancel latest tariffsTrump announces new 34% tariffs on Chinese goodsChina least affected by new US tariffs, says analystBy Joe Cash, Xiuhao Chen and Liz Lee BEIJING, April 3 (Reuters) - China on Thursday urged the United States to immediat...Reuters
Thu, Apr 3
US Bancorp falls after JPM downgrades to 'underweight' amid macro uncertainty
U.S. Bancorp's USB.N shares fall 4.7% to $40.99 in premarket trading. J.P. Morgan downgrades USB to "underweight" from "neutral"; cuts PT to $43.5 from $51, implying a 1.1% upside to last close. Brokerage says USB will likely face greater impact from the uncertain economic e...
Reuters
Thu, Apr 3
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $32.75 per troy ounce, down 3.52% from the $33.94 it cost on Wednesday.Silver prices have increased by 13.35% since the beginning of the year.
Fxstreet
Thu, Apr 3
Trump's Reciprocal Tariffs and Commodities Trading: Gold Rises, Copper Falls – Is Risk Aversion King?
TradingKey - Following U.S. President Donald Trump’s announcement of a comprehensive baseline tariff and reciprocal tariffs, international gold prices surged to new all-time highs, while concerns over sluggish global economic growth weighed on copper prices, which had risen sharply before the...
TradingKey
Thu, Apr 3
VanEck Seeks BNB ETF Approval—Big Win For Binance?
Investment giant VanEck has registered a Binance Coin (BNB) exchange-traded fund in Delaware, marking its fifth cryptocurrency ETF registration in the state. The move comes as major financial institutions continue to bet on digital assets despite market volatility.
Macquarie starts Snowflake at ‘neutral’ on balanced growth, competitive risks
Investing.com -- Macquarie initiated coverage of Snowflake Inc (NYSE:SNOW) with a “Neutral” rating and a $160 price target, citing the company’s strong position in cloud data warehousing but noting risks from aggressive revenue guidance and rising competition.
Investing.com
Thu, Apr 3
EU plans countermeasures to new US tariffs, says EU chief
BRUSSELS, April 3 (Reuters) - European Commission President Ursula von der Leyen described U.S. President Donald Trump's universal tariffs as a major blow to the world economy and said the European Union was prepared to respond with countermeasures if talks with Washington failed.
Reuters
Thu, Apr 3
Trump’s Tariff Shield, Musk’s Return to Roots: Tesla’s Road Ahead Remains Bumpy？
TradingKey – As U.S. President Donald Trump’s reciprocal tariffs roil global markets, Tesla—often seen as a rare tariff "winner" due to its U.S.-focused production and CEO Elon Musk’s imminent exit from a White House advisory role to refocus on automaking—may still face significant challenges.
TradingKey
Thu, Apr 3
Apple's $500 billion US investment may help secure tariff exemptions, Jefferies says
Shares of iPhone maker Apple AAPL.O slump 6% to $210.05 premarket after Trump announces reciprocal tariffs, including on China. Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.
Reuters
Thu, Apr 3
PRECIOUS-Gold eases from record peak on profit-taking; Trump's tariffs in focus
Bullion hit record high of $3,167.57 an ounceTrump announces Reciprocal tariffs US non-farm payrolls report due on FridayBy Anjana Anil and Anushree Mukherjee April 3 (Reuters) - Gold dipped on Thursday as traders locked in profits after prices hit a record high, following a rush to safe-haven as...Reuters
Thu, Apr 3
Yields dive as Trump tariffs spark fears of recession
SINGAPORE/LONDON, April 3 (Reuters) - U.S. Treasury yields dived to multi-month lows on Thursday after U.S. President Donald Trump unleashed larger-than-expected tariffs on the world, sparking panic over the potential for recession and sending investors fleeing into safe havens.Reuters
Thu, Apr 3
WRAPUP 19-Trump's tariffs stoke global trade war as China, EU hit back
Trump unveils 10% base tariff on importsDozens of countries hit with higher dutiesStock markets sink amid fears for global growth China, EU vow countermeasures By Andrea Shalal, Joe Cash and Philip Blenkinsop WASHINGTON/BEIJING/BRUSSELS, April 3 (Reuters) - President Donald Trump's move to sl...Reuters
Thu, Apr 3
Trump's Reciprocal Tariffs Spark the Trade War of the Century! Global Economy Enters Recession Narrative
TradingKey - On April 2, U.S. President Donald Trump unveiled his reciprocal tariff plan, imposing a 10% "minimum baseline tariff" on all trading partners and higher "reciprocal tariffs" on more than 60 countries with the largest trade deficits with the United States.TradingKey
Thu, Apr 3
COMMODITIES-Oil, copper slide as Trump tariffs rattle markets; gold hits record high
SINGAPORE, April 3 (Reuters) - Commodities including oil, copper and agricultural products dropped on Thursday as U.S. President Donald Trump's aggressive tariffs on key trading partners fuelled fears of recession, while safe-heaven gold jumped to an all-time high.
China urges US to immediately lift tariffs, vows retaliation
China vows countermeasures if US doesn't immediately cancel latest tariffsTrump announces new 34% tariffs on Chinese goodsTrump hits all US trade partners with tariffs of at least 10%China least affected by new US tariffs, says analystUS tariffs will not make "definitive mark" on China e...Reuters
Thu, Apr 3
Japan's Nikkei slumps to 8-month low on Trump's tariff shock
TOKYO, April 3 (Reuters) - Japan's Nikkei share average slumped to an eight-month low on Thursday after U.S. President Donald Trump revealed a broad set of reciprocal tariffs, including a larger-than-anticipated 24% levy on Japanese goods.Reuters
Thu, Apr 3
Japanese Yen spikes to multi-week high against USD after Trump’s tariffs announcement
The Japanese Yen (JPY) jumped to a three-week top against its American counterpart during the Asian session on Thursday after US President Donald Trump imposed sweeping trade tariffs. Investors grew increasingly concerned that the move could reshape the global trading system and dent global...Fxstreet
Thu, Apr 3
Japan's Nikkei tumbles more than 4% on Trump's tariffs
TOKYO, April 3 (Reuters) - Japan's Nikkei share average slumped more than 4% on Thursday, plunging to an eight-month low, after U.S. President Donald Trump revealed a broad set of reciprocal tariffs, including a 24% levy on Japanese goods.Reuters
Thu, Apr 3