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  • May 12, 2025

Goldman Raises S&P 500 Targets on Lower Tariff, Recession Risks

(Bloomberg) -- Goldman Sachs Group Inc. lifted its US stock targets, as the easing of trade tensions between the US and China fuels a comeback of the “Buy America” trade.Most Read from BloombergA New Central Park Amenity, Tailored to Its East Harlem NeighborsAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?NYC Warns of 17% Drop in Foreign Tourists Due to Trump PoliciesLA Mayor Credits Trump on Fire Aid, Stays W

  • May 12, 2025

China commits $10 billion in fresh credit to Latin America

BEIJING (Reuters) -China offered fresh credit lines and visa-free travel to Latin America on Tuesday in its latest move to encourage greater engagement with the region, although Brazil said its neighbours must not rely too heavily on foreign economic powers. China will commit credit lines of just under $10 billion to Latin American countries to support development, but in yuan, President Xi Jinping said in a speech to kick off the China-CELAC Forum ministerial meeting that gathered Latin American and Caribbean officials in Beijing. The credit line, denominated in yuan, appears to be a push to further internationalise the Chinese currency, as China doubles down on deepening strategic and economic ties with Latin America.

  • May 12, 2025

Asian stocks stall, dollar wobbles as trade optimism fizzles

TOKYO (Reuters) -A rally in Asian stocks ran out of steam and the dollar stuttered on Tuesday as resurgent worries about U.S. President Donald Trump's trade policies and their impact on the global economy kept risk sentiment in check. Futures for S&P 500 and Nasdaq were also slightly lower in Asia's afternoon, underscoring the cautious mood in the markets. "When all is said and done, tariffs will still be dramatically higher and will weigh on U.S. growth."

  • May 12, 2025

Rising Yields Fray Nerves Going Into Japan’s 30-Year Bond Sale

(Bloomberg) -- Traders are jittery going into Japan’s auction of 30-year government bonds Tuesday for any signs of a deepening selloff in the securities. Most Read from BloombergA New Central Park Amenity, Tailored to Its East Harlem NeighborsAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?NYC Warns of 17% Drop in Foreign Tourists Due to Trump PoliciesLA Mayor Credits Trump on Fire Aid, Stays Wary on Immigrati

  • May 12, 2025

Asian shares are mixed as euphoria over China-US trade truce fades

Asian shares were mixed Tuesday as the initial euphoria over the 90-day truce in the trade war between the United States and China faded, as analysts warned President Donald Trump’s policies could still quickly change. The United States said in a joint statement with China that it will cut tariffs on Chinese goods to 30% from as high as 145%. China, meanwhile, said its tariffs on U.S. goods will fall to 10% from 125%.

  • May 12, 2025

Asian shares are mixed as euphoria over China-US trade truce fades

Asian shares were mixed Tuesday as the initial euphoria over the 90-day truce in the trade war between the United States and China faded, as analysts warned President Donald Trump’s policies could still quickly change. The United States said in a joint statement with China that it will cut tariffs on Chinese goods to 30% from as high as 145%. China, meanwhile, said its tariffs on U.S. goods will fall to 10% from 125%.

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