US stock index futures rose sharply on Monday after the United States and China agreed to scale back tariffs, easing fears of an escalating trade war that had weighed heavily on global markets in recent weeks.US Treasury Secretary Scott Bessent, following talks with Chinese officials in Geneva, announced that the two nations have agreed to a 90-day pause on additional …
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As US President Donald Trump’s trade war rolls on, the financial world is buzzing with complex-sounding terms that may confuse everyday readers. From bears and bulls to dead cats and dips, here’s a simple guide to what they mean—and why they matter right now.Bear and bull marketWhen share indexes like the S&P 500 or Dow Jones drop by 20% or …
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China issued a scathing rebuke to the United States over its tariff hike, accusing Washington of economic bullying and warning of serious consequences for the global trading system. The response came as a global stock markets tumbled, with China attributing the sharp declines to President Donald Trump’s latest round of tariffs.China’s foreign ministry spokesperson Guo Jiakun posted a screenshot on …
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MUMBAI: Dalal Street, which weathered a contagion effect from the tariff-triggered global market meltdown on Thursday, caved in on Friday as selling around the world’s markets intensified that affected investor sentiment in the domestic market also. After the US imposed a set of tariffs on almost all the countries around the world, China on Friday announced a 34% retaliatory tariff …
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Global stock markets plunged Friday after China retaliated against the US with steep new tariffs, intensifying a trade war that investors fear could tip the world into recession. Despite a strong US jobs report, panic selling swept Wall Street and Europe, as investors braced for what many now see as an economic reckoning.The S&P 500 nosedived 5% in morning trading, …
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US stock market (Photo-AP) Stocks rose in morning trading (US local time) as Wall Street attempts to navigate uncertainty amid an ongoing trade war. The S&P 500 jumped 1.1%, coming off its first winning week after a four-week losing streak. The Dow Jones Industrial Average rose 0.7%, while the Nasdaq composite gained 1.5%. Wall Street remains focused on how tariffs …
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European Central Bank (Photo-AP) The European central bank (ECB) reduced interest rates by 25 basis point on Thursday, aiming to stimulate economic activity as the eurozone grapples with sluggish growth. This move, which lowers borrowing costs for both consumers and businesses, comes amid mounting concerns about the impact of potential trade conflicts with the US and rising defence spending.The ECB’s …
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Major Asian markets traded up on Wednesday, reversing their losses a day after US President Donald Trump imposed more blanket tariffs on Chinese imports following a similar move last month. US tariffs are expected to hit hundreds of billions of dollars in total trade between the world’s two largest economies. Chinese exports have also reached record levels last year. “If …
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US President Donald Trump has vowed to impose what he calls reciprocal tariffs on countries, such as China, Brazil, France, the European Union, India and others, to “restore the fairness in US trade relationships and countering non-reciprocal trading arrangements”. The “Fair and Reciprocal Plan” ostensibly seeks to “correct long-standing imbalances” in global trade and ensure fairness across the board and …
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HYDERABAD: Gold soared to lifetime high of $2883/ounce in the international spot market on Wednesday evening following US President Donald Trump’s tariff threats and amid geopolitical tensions. This sent the yellow metal hurtling to new highs of around Rs 85,000/10gm (24K without import duty & taxes) in local markets as the rupee plunged to a record low.According to HDFC Securities, …
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