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  • May 13, 2025

Shares rise, dollar struggles as investors consider tariff truce

Stocks climbed in Asia on Wednesday while the dollar wobbled as relatively benign U.S. inflation data kept alive the prospect of rate cuts by the Federal Reserve later this year even as investors were still gauging if the worst of the trade conflicts were over. As U.S. President Donald Trump's global trade war appeared to hit pause, led by a truce in the tariff spat between China and the United States, financial markets remained nervous about the outlook. "I'm just a little bit cautious here about chasing the rally in stocks at this level," said IG analyst Tony Sycamore.

  • May 13, 2025

Australia wage growth ticks up in Q1, led by public sector

Australian wages picked up in the March quarter led by government pay rises, data showed on Wednesday, while subdued growth in the private sector suggested a tight labour market was still no bar to a cut in interest rates. Investors remain confident the Reserve Bank of Australia will cut by a quarter point to 3.85% at its May 20 meeting, due to cooling inflation at home and global uncertainty caused by U.S. tariff policies. Figures from the Australian Bureau of Statistics showed wage growth of 0.9% in the first quarter, slightly higher than forecasts of 0.8%, largely due to one-off public sector awards for people working in childcare and aged care.

  • May 13, 2025

Dollar steadies with trade talks in frame after sliding on muted US inflation

The U.S. dollar steadied on Wednesday following its biggest decline in more than three weeks overnight, with cooler-than-expected U.S. consumer inflation data bolstering the case for Federal Reserve easing just as global trade tensions cool. The Labor Department said the consumer price index increased 0.2% last month, below expectations of economists polled by Reuters for a 0.3% gain, after dipping 0.1% in March. U.S. President Donald Trump said in a Fox News interview that he could see himself dealing directly with Chinese President Xi Jinping on the final details of a trade deal, adding: "I'm not sure it'll be necessary."

  • May 13, 2025

The Smartest Dividend Stocks to Buy With $5,000 Right Now

Sysco sells and distributes food and related products to customers and has been increasing its dividend for 56 years. Johnson & Johnson produces consumer and pharmaceutical products and has raised its dividends for 63 consecutive years. Coca-Cola has also paid out higher dividends for 63 consecutive years.

  • May 13, 2025

How This Top Luxury Stock Makes a Comeback in a Critical Market

Ferrari's sales have suffered in a challenging Chinese market. Ferrari is preparing to launch its first fully electric vehicle. When it comes to Ferrari (NYSE: RACE) the business, or the racing heritage, there isn't much weakness to find in its operations.

  • May 13, 2025

South Korea to help small, medium-sized firms hit by tariffs

South Korea has prepared support measures for small and medium-sized firms expected to be hurt by U.S. tariffs, the government said on Wednesday. The measures include financing support worth 4.6 trillion won ($3.25 billion), subsidies to ease the burden of logistics costs, and other policies to help expand export markets. While their exports accounted for 17% of South Korea's total exports in the first quarter, 81% of small and medium-sized enterprises considered themselves vulnerable to 25% tariffs introduced by the Trump administration in April but later suspended for 90 days, the government said in a statement.

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