Stock index futures fell and Asian stocks declined cautiously at the start of the week after US President Donald Trump announced a 30% tariff on goods from the European Union and Mexico, intensifying trade tensions. The S&P 500 index futures dropped by 0.5%, while European stock market futures fell by 0.6%. Asian stock markets declined […]
U.S. President Donald Trump’s proposal to raise tariffs on most trading partners has once again intensified trade tensions, causing U.S. stock index futures to fall and the dollar to strengthen. After Trump said on Thursday that he plans to impose a comprehensive tariff of 15% or 20% on some US goods, the S&P 500 index […]
The Brazilian real suffered its biggest intraday drop in three months on Wednesday after US President Donald Trump threatened to impose a 50% tariff on Brazil, a rate far higher than what he had previously announced. The benchmark currency index fell for the fourth consecutive day, with the real plunging by 2.9% at one point […]
The Reserve Bank of Australia kept interest rates unchanged on Tuesday, surprising investors and economists, as the US tariff plan has sparked global uncertainty. The central bank also hinted at a wait-and-see approach. The Reserve Bank of Australia kept the benchmark interest rate unchanged at 3.85%. Only five out of 32 economists predicted this decision, […]
Asian stock markets fluctuated between small gains and losses as President Donald Trump imposed new tariffs on several countries while leaving the door open for further trade negotiations. The MSCI regional index fluctuated narrowly as stocks in South Korea and Japan rose despite the imposition of new tariffs on the two countries. Shares of Toyota […]
The volatility of US policies has prompted fund managers to seek alternatives globally, driving local bonds in emerging market countries to achieve their best first-half performance in 16 years. The surging demand for fixed-income assets denominated in emerging-market currencies is largely the flip side of waning confidence in the US dollar. The dollar has fallen […]
Deutsche Bank strategists said that as the “de-dollarization” theme gains increasing attention, investors will shift more and more cash from US investment-grade bonds to Europe. The team led by Cem Keltek expects that 25% of the reinvestment funds from US investment-grade credit (i.e. the money investors pay in coupon payments and bond redemptions) will flow […]
European Central Bank officials have begun to worry that the rapid appreciation of the euro could undermine efforts to keep inflation at 2%. The euro has risen by about 14% against the dollar this year as confidence in the US has waned. This has helped to keep inflation in check, which is currently in line […]
TD Securities said that the US dollar could fall further as Canadian investors, one of the largest holders of US stocks, face increasing pressure to hedge against the currency pair of the Canadian dollar and the US dollar. The TD Securities team, including Jayati Bharadwaj, Mark McCormick and Linda Cheng, wrote in a report on […]
The dollar fell and U.S. Treasury yields edged lower as reports said U.S. President Donald Trump was considering appointing the next Federal Reserve chair early, with markets betting on earlier-than-expected U.S. interest rate cuts. The Bloomberg Dollar Index dropped 0.3% to its lowest level since April 2022, with the dollar weakening against both the Japanese […]