Category: trade
-
Oil Steadies as Trade War Concerns Vie With Pressure on Iran
•
Bread path links PMN Business The oil has settled as fears that the trade war between the United States and China will harm the global growth that is running as President Donald Trump’s intensification of economic pressure on OPEC member in Iran. The author of the article: Bloomberg News Yongchang…
-
Asian Stocks to Gain as Trump and Xi Discuss Trade: Markets Wrap
•
Breadcrumb links BMN Business Asian stocks are set to rise in early trade on Monday, tracking their US counterparts after a positive conversation between Donald Trump and Chinese leader Xi Jinping ahead of the US president-elect’s inauguration. Article writer: Bloomberg News Matthew Burgess Posted on January 19, 2025 • Last…
-
Stocks Get Tech Boost Amid US-China Trade Optimism: Markets Wrap
•
(Bloomberg) — A rally in the world’s largest technology companies supported the broader stock market, while bond yields continued to fall amid the Federal Reserve’s bets on lower interest rates. Most read from Bloomberg Also boosting sentiment on Friday were headlines in which US President-elect Donald Trump and Chinese President…
-
Dollar stands tall in 2024, propped up by cautious Fed, Trump trade
•
Written by Ankur Banerjee SINGAPORE (Reuters) – The dollar was strong on the last trading day of the year, poised for strong gains in 2024 against most currencies as investors brace for smaller U.S. interest rate cuts and the policies of the incoming Trump administration. The rise of the dollar,…
-
Stocks drop in thin year-end trade amid tax selling, profit taking
•
(Reuters) – Technology and growth stocks pushed Wall Street’s main indexes lower on Friday, ending an upbeat holiday-shortened week driven by expectations of a traditionally strong period for markets. The Dow Jones Industrial Average fell 0.82%, the S&P 500 fell 1.24%, and the Nasdaq Composite briefly fell more than 2%…
-
Musk’s Trump Trade Makes Tesla a Winner With $570 Billion Rally
•
Breadcrumb links BMN Business Less than two months ago, shares of Tesla Inc. It’s on track for only its third year of loss in a decade and a half for the electric automaker as a public company. But after a violent rally in the past seven weeks, the stock is…
-
Israel-Ireland diplomatic rupture could hit trade hard
•
Yesterday, the Israeli Ministry of Foreign Affairs announced that it was taking one of the toughest steps in the diplomatic procedures book and closing its embassy in Ireland. This is the first time that Israel has closed the embassy of an EU member state – Israel’s largest trading partner. The…
-
Israel-Ireland diplomatic rupture could hit trade hard
•
Yesterday, the Israeli Ministry of Foreign Affairs announced that it was taking one of the toughest steps in the diplomatic procedures book and closing its embassy in Ireland. This is the first time that Israel has closed the embassy of an EU member state – Israel’s largest trading partner. The…
-
Ripple CTO Details How RLUSD Might Trade At $1,200 On Debut
•
David “JoelKatz” Schwartz, CTO at Ripple, explained how RLUSD – the upcoming stablecoin on the Speaking via Why could Ripple’s stablecoin RLUSD reach $1,200? In response to community chatter about a screenshot of this Show With an RLUSD value of $1,200 on the Xaman wallet, Schwartz emphasized that such a…
-
Houthis causing negligible damage to Israeli trade – study
•
Despite numerous concerns about shipping bottlenecks as occurred in the wake of the Covid pandemic, the Houthi blockade of the Bab al-Mandab Strait in western Yemen has not caused any significant damage, according to a new study by the Bank of Israel, Haggai Etkes and Nitzan Feldman of the University…
-
Reeves calls for ‘reset’ with EU to spur UK growth amid global trade tensions
•
British Chancellor Rachel Reeves is set to call for a “reset” of economic ties between Britain and the European Union, arguing that closer ties would help break down barriers to trade and boost growth prospects for both sides. In the first speech by a British adviser to the Eurogroup since…
-
Hedge Funds Make MicroStrategy Wall Street’s Hottest Trade
•
(Bloomberg) — To satiate his rampant, multibillion-dollar appetite for bitcoin, Michael Saylor tapped into demand from retail investors stunned by MicroStrategy Inc.’s rise. By more than 500% this year. It has also benefited from hedge funds that don’t care much where stocks trade. Most read from Bloomberg Eli Bars, co-head…
-
Hedge Funds Make MicroStrategy Wall Street’s Hottest Trade
•
(Bloomberg) — To satiate his rampant, multibillion-dollar appetite for bitcoin, Michael Saylor tapped into demand from retail investors stunned by MicroStrategy Inc.’s rise. By more than 500% this year. It has also benefited from hedge funds that don’t care much where stocks trade. Most read from Bloomberg Eli Bars, co-head…
-
Bank of England warns of growing financial risks from trade war
•
The Bank of England has warned that escalating trade wars, geopolitical instability and rising global debt levels are amplifying risks to the UK’s financial system. Officials cited the country’s vulnerability due to its “open economy and large financial sector,” according to the World Bank’s latest financial stability report. Andrew Bailey,…
-
Paris gathering told trade prospects with Israel looking up
•
When the presentations began here in Paris during the 32nd annual dinner of the French-Israeli Chamber of Commerce, CCFI, it was quite clear that, especially in wartime, we cannot take politics out of business, nor business out of politics, certainly not. In the Middle East. “The ceasefire with Hezbollah is…
-
Trade figures reveal UK’s challenge to boost economic growth
•
The UK government is committed to kick-starting economic growth in the country, but recently released trade figures from HMRC point to a big journey ahead, according to leading audit, tax and business advisory firm Blick Rothenberg. Simon Sutcliffe, customs and excise partner at the firm, commented: “Trade statistics for 2023,…
-
Dow, S&P 500, Nasdaq trade mixed as inflation print keeps Fed rate cut on track
•
US stocks were mixed in early trading on Wednesday, as investors weighed new consumer inflation data that looked set to keep the Federal Reserve on track to cut interest rates again next month. The Dow Jones Industrial Average (^DJI) rose about 0.1%, after falling sharply after stocks closed lower across…
-
3 risks that could derail the Trump trade in stocks, Morgan Stanley says
•
President-elect Donald Trump was a frequent visitor to Michigan during the 2024 campaign.AP Photo/Alex Brandon Trump’s election victory led to the US stock market rising to new highs. Morgan Stanley says there are three risks that could upend Trump’s ongoing trade. The company says investors should watch bond yields and…