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PRECIOUS-Gold prices extend gains as US-China trade war escalates
April 10 (Reuters) - Gold prices extended gains on Thursday, driven by an escalating trade war between the United States and China, even after President Donald Trump announced a 90-day pause on tariffs for other countries.
Reuters
Thu, Apr 10
Uniqlo operator Fast Retailing cuts H2 profit outlook over US tariffs
Company expects 2-3% hit to H2 profit from US tariff Q2 operating profit 146.7 bln yen vs 125.9 bln yen forecastRaises full-year profit forecast by 15 bln yen on strong H1 performanceLowers H2 business profit forecast by 10 bln yenBy Rocky Swift TOKYO, April 10 (Reuters) - The Japanese operator o...Reuters
Thu, Apr 10
Magnificent Seven rides again as Trump pauses tariffs; adds $1.5 trillion in value (April 9)
By Aditya Soni and Juby Babu April 9 (Reuters) - The "Magnificent Seven" stocks amassed more than $1.5 trillion in market value on Wednesday after U.S. President Donald Trump paused his sweeping tariffs for 90 days, easing pressure on tech giants that had tumbled in recent sessions.The ga...Reuters
Thu, Apr 10
President Trump Accused of Insider Trading: Public Demands Congressional Investigation!
Trump's frequent changes to tariff policies and his buy recommendations for DJT have raised questions across the country. People want Congress to look into possible market manipulation or insider trading.TradingKey
Thu, Apr 10
Euro zone yields jump, markets scale back bets on ECB rate cuts as Trump pauses tariffs
April 10 (Reuters) - Euro zone government bond yields jumped, spreads tightened, and markets scaled back their bets on European Central Bank rate cuts after the U.S. administration said it would temporarily lower U.S. tariffs to bring countries to the bargaining table.
Reuters
Thu, Apr 10
FOREX-Safe havens rebound as Trump escalates trade war with China
TOKYO, April 10 (Reuters) - Traders swept back into safe havens like the yen and Swiss franc on Thursday after U.S. President Donald Trump ramped up his trade war against China even as he abruptly paused tariffs for 90 days on many other nations.
Bitcoin Dips In Wake Of Tariff Wars — But Don’t Panic Yet, Says Analyst
The global tariff war sparked by US President Donald Trump’s blanket 10% tariff on all countries – effective April 5 – continues to escalate, sending shockwaves through global markets. In a sharp retaliation, China has announced an 84% tariff on US imports, following Washington’s move to...Bitcoinist
Thu, Apr 10
TSMC's first-quarter revenue surges 42%, slightly ahead of forecasts
TAIPEI, April 10 (Reuters) - TSMC 2330.TW, TSM.N, the world's largest contract chipmaker, said on Thursday that first-quarter revenue jumped 42%, slightly ahead of a market consensus, benefiting from the boom in artificial intelligence.
Reuters
Thu, Apr 10
China's yuan hits post financial crisis low as trade war ramps up
SHANGHAI, April 10 (Reuters) - China's yuan hit its lowest against the dollar since the global financial crisis on Thursday, with the central bank cutting guidance for the sixth successive trading session amid an intensifying Sino-U.S. trade war.Yuan weakens to lowest level since 2007.
Reuters
Thu, Apr 10
TSMC's first-quarter revenue handily beats market forecast
TAIPEI, April 10 (Reuters) - TSMC, the world's largest contract chipmaker, on Thursday reported first-quarter revenue of T$839.25 billion ($25.55 billion), beating market forecasts, as the company reaps the benefit from artificial intelligence demand.Reuters
Thu, Apr 10
Asian stocks rally, currencies firm on Trump tariff reprieve
April 10 (Reuters) - Asian emerging market equities rallied the most in more than two years on Thursday as traders snapped up beaten-down stocks after U.S. President Donald Trump said he would pause the implementation of hefty tariffs hours after they came into force.Reuters
Thu, Apr 10
Gold price rallies further beyond $3,100, eyes all-time high amid US-China tariff war
Gold price (XAU/USD) builds on the previous day's strong move higher and gains some positive follow-through traction for the second consecutive day on Thursday. Despite the optimism led by US President Donald Trump's decision to pause reciprocal tariffs on most nations, concerns about escalating...Fxstreet
Thu, Apr 10
Trump Put Emerges, VIX Index Plummets in Largest One-Day Drop! Is It Time to Short Volatility?
TradingKey - Following U.S. President Donald Trump’s announcement of a 90-day suspension of tariffs for certain countries, the CBOE VIX panic index, which had recently doubled, plummeted by 35.75%—its largest single-day decline on record. Trading in VIX-related futures and ETF products was...TradingKey
Thu, Apr 10
China's deflationary pressures persist as trade gloom worsens
CPI falls in March, missing forecastsPPI falls at fastest pace in four monthsDeflationary pressures to deepen in months ahead, analyst says BEIJING, April 10 (Reuters) - China's consumer prices fell for the second straight month in March while factory-gate deflation worsened, as an escalating...Reuters
Thu, Apr 10
Why Did Trump Reverse Course on Tariffs? Economic Recession or U.S. Bond Storm Too Much to Bear?
TradingKey - In less than 24 hours, U.S. President Donald Trump reversed course on his newly implemented tariff policy, announcing a 90-day suspension of reciprocal tariffs for selected countries. Analysts attribute the sudden policy U-turn to mounting pressure from plunging stock markets, bond...TradingKey
Thu, Apr 10
WTI declines below $61.50 as trade war escalates
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.45 during the early Asian session on Thursday. The WTI price tumbles amid the escalating trade war between the US and China, and fears of a slowdown in economic growth and energy demand.
Fxstreet
Thu, Apr 10
Chinese sellers on Amazon to hike prices or exit US as tariffs soar, association says
SHENZHEN, China, April 10 (Reuters) - Chinese companies that sell products on Amazon AMZN.O are preparing to hike prices for the U.S. or quit that market due to the "unprecedented blow" from President Donald Trump's tariff hikes, the head of China's largest e-commerce association said.
Reuters
Thu, Apr 10
Bitcoin Rallies After Trump Pauses Tariff—Crypto Markets Cheer the Move
Bitcoin price started a fresh increase above the $80,000 zone. BTC is now consolidating gains and might correct some to test the $80,500 zone. Bitcoin started a fresh increase above the $80,000 zone. The price is trading above $80,500 and the 100 hourly Simple moving average. There was a break ...NewsBTC
Thu, Apr 10
Australian shares surge over 6% after Trump pauses tariffs
April 10 (Reuters) - Australian shares jumped more than 6% on Thursday heading for their best session since the pandemic began, after investors, who were worried about the fallout of a global trade war, picked up hammered stocks following U.S. President Donald Trump's announcement of a pause in...
Reuters
Thu, Apr 10
In stunning U-turn, Trump walks back some tariffs, triggering historic market rally
WASHINGTON, April 9 (Reuters) - In a stunning reversal, U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending global stocks rocketing higher.Reuters
Thu, Apr 10
US stocks surge, dollar gains in dramatic relief rally as Trump pauses tariffs
NEW YORK, April 9 (Reuters) - Stock indexes posted their biggest one-day gains in years, with the S&P 500 .SPX recording its largest rise since 2008, while the dollar gained and Treasuries pared losses on Wednesday after U.S. President Donald Trump declared a temporary U.S. pause on tariffs.Reuters
Thu, Apr 10
COMMODITIES-Energy, metals and grains surge after Trump tariff pause
CHICAGO, April 9 (Reuters) - Oil prices surged from a four-year low on Wednesday and gold rallied in a broad-based commodities and equity market rebound after U.S. President Donald Trump said he would temporarily lower recently enacted tariffs on dozens of countries while further increasing duties..Japan's Nikkei surges on relief after Trump pauses tariffs
TOKYO, April 10 (Reuters) - Japan's Nikkei share average jumped on Thursday as worries about the economic impact of U.S. tariffs receded after President Donald Trump declared an immediate 90-day tariff pause for many countries.Reuters
Thu, Apr 10