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Japanese Yen trades with negative bias against USD ahead of Trump’s reciprocal tariffs
The Japanese Yen (JPY) struggles to capitalize on the previous day's modest gains against its American counterpart and attracts fresh sellers during the Asian session on Wednesday. The USD/JPY pair, however, remains confined in a range held since the beginning of this week as traders await a...
Fxstreet
Wed, Apr 2
White House says Trump will go ahead with tariffs as nervous world awaits trade war
WASHINGTON, April 1 (Reuters) - The White House confirmed on Tuesday that President Donald Trump will impose new tariffs on Wednesday, though it provided no details about the size and scope of trade barriersthat have businesses, consumers and investors fretting about an intensifying global trade warReuters
Wed, Apr 2
Trump’s Liberation Day is upon us
Investing.com -- U.S. President Donald Trump’s reciprocal tariff announcement, now being called “Liberation Day”, is less than 24 hours away. Trump will be announcing the tariffs at the Rose Garden press conference event on Wednesday with cabinet members present, White House press secretary KarolinInvesting.com
Wed, Apr 2
RBA's Kent says will raise new OMO repo rate by 5bp to 10bp above cash rate target
Reserve Bank of Australia (RBA) Assistant Governor Christopher Kent late Tuesday outlined some changes to repo rates but stated that the changes have no implications for the stance of the bank's monetary policy.
Fxstreet
Wed, Apr 2
White House to hold meeting on TikTok
WASHINGTON, April 1 (Reuters) - U.S. President Donald Trump will consider on Wednesday a final proposal related to TikTok ahead of an April 5 deadline for the app to find a non-Chinese buyer or face a U.S. ban, a White House official told Reuters.Reuters
Wed, Apr 2
US STOCKS-S&P, Nasdaq end higher as Wall Street gyrates in Trump-tariffs limbo
April 1 (Reuters) - The S&P 500 and the Nasdaq Composite both closed higher on Tuesday, after a topsy-turvy day on Wall Street dominated by investor angst ahead of the impending tariff announcements from the Trump administration.Reuters
Wed, Apr 2
US Treasury Sec. Bessent says Trump will announce a maximum for tariffs, countries can then bring them down
US Treasury Secretary Scott Bessent said late Tuesday that the amounts announced on Wednesday are the highest the tariffs will go. However, countries could then take steps to bring the tariffs down.Fxstreet
Wed, Apr 2
Tesla sales rout in Europe deepens amid anti-Musk protests
Sales in France, Sweden, Denmark, Netherlands fall for 3rd straight monthMusk's involvement in politics has stirred controversyTesla due to release Q1 sales data on WednesdayEV maker launching new version of popular Model Y Some showrooms vandalised in Stockholm, BerlinBy Alessandro Parodi Ap...Reuters
Tue, Apr 1
METALS-Copper hits lowest in nearly three weeks on tariff angst
By Eric Onstad LONDON, April 1 (Reuters) - Copper prices slipped to their lowest in nearly three weeks on Tuesday, on course for a fifth consecutive session of losses as uncertainty over U.S. tariffs outweighed positive data from top metals consumer China.Benchmark three-month copper CMCU3 on the...Reuters
Tue, Apr 1
OpenAI to raise $40 billion in SoftBank-led round to boost AI efforts
By Jaspreet Singh and Harshita Mary Varghese March 31 (Reuters) - OpenAI said on Monday it would raise up to $40 billion in a new funding round led by SoftBank Group 9984.T at a $300 billion valuation to advance AI research, expand computational infrastructure and enhance its tools.The Japanese t...Reuters
Tue, Apr 1
Wall Street closes out bruising quarter as outlook remains murky
NEW YORK, March 31 (Reuters) - As Wall Street draws the curtain on a tumultuous quarter in which stocks logged a record high before tumbling into correction, investors are faced with a mountain of policy uncertainty that clouds the outlook for coming quarters.Reuters
Tue, Apr 1
Trump-Related Stock Plus One? Right-Wing Newsmax Stock Soars 735% on IPO Debut
TradingKey - On Monday, March 31, Newsmax (NMAX.US), a U.S.-based conservative television news network, made its debut on the New York Stock Exchange—and its stock price skyrocketed by 735.10% on the first day of trading. The dramatic surge drew immediate comparisons to the so-called Trump Trade...TradingKey
Tue, Apr 1
Apple Intelligence Expands to Global Users, Including China – Another iPhone Moment for AAPL?
TradingKey - On March 31, Apple (AAPL.US) officially announced the expansion of its Apple Intelligence feature to more languages and regions worldwide. Finally, Apple users around the globe have access to the company’s AI functionality.
TradingKey
Tue, Apr 1
Russian order slashes Kazakh oil export capacity amid OPEC+ row
MOSCOW, April 1 (Reuters) - Russia has ordered Kazakhstan's main oil export terminal, which handles crude pumped by U.S. majors Chevron CVX.N and Exxon Mobil XOM.N, to close two of its three moorings amid a standoff between Kazakhstan and OPEC+ over excess production.Reuters
Tue, Apr 1
Gold sails to record high as tariff jitters fuel safe-haven allure
Global investors await Trump's massive tariff plan on WednesdayTariff uncertainty to sustain gold's traction, analyst saysU.S. job openings data due later in the dayBy Anjana Anil and Anushree Mukherjee April 1 (Reuters) - Gold prices surged to an all-time high on Tuesday, extending their...Reuters
Tue, Apr 1
Pound Sterling flattens against US Dollar as investors await new suite of Trump’s tariffs
The Pound Sterling (GBP) ranges around 1.2900 against the US Dollar (USD) in Tuesday’s European session. The GBP/USD pair flattens as investors brace for reciprocal tariffs from United States (US) President Donald Trump, which will be announced on the so-called “Liberation Day” on Wednesday.
Fxstreet
Tue, Apr 1
London copper rebounds from two-week low on positive China data
SHANGHAI, April 1 (Reuters) - London copper prices rose on Tuesday, rebounding from a two-week low hit in the previous day, as positive Chinese economic data outweighed concerns about a potential global trade war triggered by impending reciprocal tariffs by U.S. President Donald Trump.Reuters
Tue, Apr 1