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Fed's Goolsbee says open question if tariffs will lead to persistent inflation
WASHINGTON, March 21 (Reuters) - It remains an open question for the U.S. Federal Reserve whether the Trump administration's tariff plans will lead to persistent inflation, with taxes on intermediate goods, retaliation by other nations, and other factors feeding into whether the central bank will haReuters
Fri, Mar 21
GLOBAL MARKETS -Stocks slide, dollar firms as tariff and geopolitical uncertainties weigh
SINGAPORE/LONDON, March 21 (Reuters) - European and world shares fell on Friday but were set for a weekly gain, and the euro steadied just shy of a five-month high, as investors finished a busy week without much more clarity on the big market questions than they had at the start.Reuters
Fri, Mar 21
Nio stock tumbles on fourth-quarter miss, disappointing outlook
Investing.com -- Nio (NYSE:NIO) saw its shares slide more than 6% in the U.S. premarket trading Friday after the Chinese electric vehicle (EV) maker reported worse-than-expected fourth-quarter results and disappointing guidance for the current quarter.Investing.com
Fri, Mar 21
Hedge fund pessimism over Wall Street hits 5-year high, Goldman says
LONDON, March 21 (Reuters) - Hedge funds added more bearish positions than bullish ones in March than at any time since 2020, doubling down on bets that U.S. stocks have further to fall, according to a Goldman Sachs GS.N note sent to clients on Thursday.
Reuters
Fri, Mar 21
China's central bank says it will boost forex market resilience
BEIJING, March 21 (Reuters) - China's central bank will cut banks' reserve requirement ratio and interest rates at the "appropriate time" and strengthen the resilience of its forex market, it said on Friday during a quarterly meeting of its monetary policy committee.Reuters
Fri, Mar 21
TSX futures fall on tariff jitters ahead of retail sales data
March 21 (Reuters) - Futures tied to Canada's main stock index fell on Friday, mirroring losses in its Wall Street peers amid tariff concerns, while investors awaited domestic retail sales data.The futures on the S&P/TSX index were down 0.26% at 0642 ET (1042 GMT), while Wall Street's S&P 500...
Reuters
Fri, Mar 21
Micron set for growth in 2025 led by solid chip demand
Micron Technology MU.O forecast third-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high-bandwidth memory (HBM) chips used in AI models. Micron shares down 3.6% at $99.2 in premarket tradePOISED FOR AI-DRIVEN GROWTH...
Reuters
Fri, Mar 21
Global Central Banks Turn Hawkish Amid Trump Tariff Fallout - Macquarie Says Central Bankers Become Followers
TradingKey — During this "super central bank week," policymakers around the world expressed hesitation about further rate-cut cycles citing uncertainty stemming from Donald Trump’s tariff policies.
Wall St Week Ahead: Dow Transports index slump poses trouble spot as investors seek stocks stability
NEW YORK, March 21 (Reuters) - Even as U.S. stocks seek to regain their footing, weakness in a closely followed index of transportation shares is a sign of growing investor worries about the economy.Reuters
Fri, Mar 21
CORRECTED-Beazley 2623 combined ratio deteriorates to 85% in 2024
2024 result of $758.4 million; down 19.1% on 2023Beazley 2623 GWP down 34.9% year on year to $2.93 billionInvestment return of $291.5 million the largest contribution in syndicate's historyBy Michael JonesMarch 21 - (The Insurer) - Beazley's flagship Syndicate 2623 disclosed on Thursday that...Reuters
Fri, Mar 21
U.S. dollar stands tall, euro falters as markets 'recalibrate'
TOKYO, March 21 (Reuters) - The dollar climbed on Friday against major peers, including the euro, which was set for its first weekly drop this month, as a busy week for central banks wrapped up and caution remained about the impact of a global trade war.
German upper house of parliament OKs debt reform, half-trillion fund
BERLIN, March 21 (Reuters) - Germany's upper house of parliament on Friday passed a reform of the country's borrowing rules and a 500-billion-euro ($542 billion) fund to revamp its infrastructure and revive Europe's largest economy.Reuters
Fri, Mar 21
Global equity funds see a weekly selloff on tariff woes, economic uncertainties
March 21 (Reuters) - Investors pulled heavily out of global equity funds during the week through March 19 on lingering worries over the potential impact of U.S. President Donald Trump's aggressive trade policies on global economy.Reuters
Fri, Mar 21
Beijing boosts AI startup Manus, as China looks for the next DeepSeek
BEIJING, March 21 (Reuters) - Chinese artificial intelligence startup Manus on Thursday registered its China-facing AI assistant and was featured for the first time in a state media broadcast, highlighting Beijing's strategy of boosting domestic AI firms that have received overseas recognition.S...Reuters
Fri, Mar 21
Detailed Analysis of Trump's Tariffs: GDP Foots the Bill, Trump’s ‘Rich Again’ Vision Falls Flat?
TradingKey — Since taking office, U.S. President Donald Trump has relentlessly wielded tariff measures, escalating their scope and intensity compared to his first term. Economists predict that Trump’s tariff policies will not only disrupt global trade patterns externally but also fail to align...
EUROPE GAS-Prices rise after reports of strike on Sudzha gas metering station
LONDON, March 21 (Reuters) - Dutch and British wholesale gas prices rose on Friday morning after reports of a strike on the Sudzha gas metering station which used to be the entry point for Russian gas to be transported by pipeline to Europe via Ukraine.Reuters
Fri, Mar 21
Japan's Topix ends at 8-month high as inflation data lifts banks
TOKYO, March 21 (Reuters) - Japan's Topix .TOPX index ended at an eight-month high on Friday as banks gained after stronger-than-expected inflation data, even as it pared most of its gains by the close, dragged down by worries over the impact of U.S. tariffs.Reuters
Fri, Mar 21
Pound Sterling corrects further against US Dollar as Fed maintains restrictive policy stance
The Pound Sterling (GBP) extends correction to near 1.2920 against the US Dollar (USD) in European trading hours on Friday. The GBP/USD pair weakens as the US Dollar extends recovery amid growing expectations that the Federal Reserve (Fed) will not cut interest rates soon. The US Dollar Index (DXY),Fxstreet
Fri, Mar 21
PRECIOUS-Gold set for third weekly gain on global uncertainties, rate cut hopes
Gold hit record high of $3,057.21 per ounce on ThursdaySpot gold up about 1.5% for the week so farSilver, platinum, palladium poised for weekly declinesBy Anjana Anil March 21 (Reuters) - Gold prices were on track for a third straight weekly gain on Friday, aided by the U.S. Federal Reserve's...Reuters
Fri, Mar 21
Tesla trade-ins on pace for record high amid Musk backlash
SAN FRANCISCO, March 20 (Reuters) - Motorists have traded in a record number of Tesla TSLA.O electric vehicles this month, Edmunds data showed, amid a wave of protests against CEO Elon Musk's work as an adviser to U.S. President Donald Trump.
Reuters
Fri, Mar 21