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  • May 05, 2025

Wall St lower after Trump's fresh tariffs at start of Fed-decision week

Wall Street's main indexes fell on Monday after U.S. President Donald Trump rekindled worries about the fallout of a global trade war by introducing new tariffs, while focus remained on the Federal Reserve's monetary policy decision later this week. On Sunday, Trump announced a 100% tariff on movies produced outside the U.S. but offered little clarity on how the levies would be implemented. Movie and television production companies that film overseas fell.

  • May 05, 2025

Momentum a Powerful Ally for Stocks as Whiplash Rally Rolls On

(Bloomberg) -- There are many reasons to doubt the rebound in US stocks, but it has at least one powerful factor on its side: momentum. Most Read from BloombergThe Battle Over the Fate of Detroit’s Renaissance CenterNYC Real Estate Industry Asks Judge to Block New Broker Fee LawNJ Transit Strike Would Be ‘Disaster’ for Region, Sherrill SaysIceland Plans for a More Volcanic FutureNJ Transit Urges Commuters to Work Remotely If Union StrikesHistory shows that the rally may extend further than inves

  • May 05, 2025

Swiss Inflation Drops to Zero as SNB Mulls More Rate Cuts

(Bloomberg) -- Most Read from BloombergThe Battle Over the Fate of Detroit’s Renaissance CenterNYC Real Estate Industry Asks Judge to Block New Broker Fee LawNJ Transit Strike Would Be ‘Disaster’ for Region, Sherrill SaysIceland Plans for a More Volcanic FutureNJ Transit Urges Commuters to Work Remotely If Union StrikesSwiss inflation slowed to the weakest in more than four years as the strong franc drives down the costs of imported goods.Annual consumer-price growth was zero in April, Switzerla

  • May 05, 2025

Oil slips, Taiwan dollar surges at start of central bank-heavy week

LONDON (Reuters) -Oil prices fell on Monday after oil-producing group OPEC+ agreed to accelerate oil production increases, while Taiwan's dollar surged to almost three-year highs at the start of a central bank-packed week for world markets. Overall trading was subdued by public holidays in Japan, China and Britain. Brent crude and U.S. West Texas crude futures fell more than 1% after a weekend decision by OPEC to further speed up oil output hikes fanned concern about more supply coming into a market clouded by an uncertain demand outlook.

  • May 05, 2025

As Markets Churned, Bitcoin Surged. Here's What Could Happen Next.

Bitcoin is now up 15% over the past 30 days, and is close to regaining the $100,000 price level. Macroeconomic data and the current tariff situation will heavily influence investor sentiment about Bitcoin over the short run. Historically, Bitcoin has followed four-year cycles that are punctuated by periods of extreme boom and bust.

  • May 04, 2025

Global economy already feeling drag from Trump tariffs

While financial markets are betting the U.S. and China will pull back from an all-out trade war and that Trump will cut deals to avert higher tariffs on others, the sheer uncertainty of where this ends has become a major drag factor in itself. "U.S. tariff policy is a serious negative shock for the world in the near term," said Isabelle Mateos y Lago, group chief economist at French bank BNP Paribas. Trump's administration has also suggested it is close to deals with countries including India, South Korea and Japan to avert more tariffs in weeks to come.

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