Trump says he thinks Iran 'wants to make peace' following US strikes
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Bloomberg
31 minutes ago
- Bloomberg
Stuurman: Trump's Tariffs Impact Won't Be Easily Undone
As President Trump's reciprocal tariff deadline looms, its impact is still unknown in Africa, as no country has finalized a trade deal with the US. Ziyanda Stuurman, Advisor at Africa Practice spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the impact of tariffs. (Source: Bloomberg)
Yahoo
31 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures mixed as Trump ramps up tariff threats ahead of August deadline
US stock futures were mixed as President Trump threatened stiff tariffs on imports from more than a dozen countries and delayed the return of sweeping April levies. Futures attached to the Dow Jones Industrial Average (YM=F) slipped 0.1% while the benchmark S&P 500 (ES=F) hovered near the baseline. Contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.1%. On Monday, stocks fell as Trump posted to Truth Social letters addressed to the leaders of 14 countries threatening 25% to 40% tariffs starting August 1. Key US trading partners Japan and South Korea were among the group, as well as Malaysia, South Africa, and Indonesia. The president also signed an Executive Order Monday officially moving his July 9 deadline for the resumption of "Liberation Day" tariff rates to August 1. Read more: The latest on Trump's tariffs "The President may send more letters in the coming days and weeks," a statement from the White House said. In an early response to a tariff letter, South Korea said it would kick trade negotiations with the US into high gear, adding that it considered the new date an extension of a grace period. Other than on the trade, Wall Street expects a quiet week in terms of economic releases and earnings. Minutes from the Federal Reserve's June meeting land Wednesday, and Delta (DAL) kicks off earnings season Thursday.
Yahoo
40 minutes ago
- Yahoo
Asian shares rise after Wall Street falls as Trump pressures trading partners with new tariffs
Asian shares rose Tuesday after stocks on Wall Street closed broadly lower as the White House stepped up pressure on major trading partners to make deals before punishing tariffs imposed by the U.S. take effect. Japan's Nikkei 225 added 0.4% to 39,734.62 while South Korea's Kospi rose 1.2% to 3,096.29. Hong Kong's Hang Seng index climbed 0.2% to 23,941.58 while the Shanghai Composite gained 0.6% to 3,492.41. Australia's S&P/ASX 200 edged 0.1% lower to 8,583.50. On Wall Street on Monday, the S&P 500 fell 0.8% for its biggest loss since mid-June. The benchmark index remains near its all-time high set last week. The Dow Jones Industrial Average gave back 0.9% while the Nasdaq composite also finished 0.9% lower, not too far from its own record high. The losses were widespread. Decliners outnumbered gainers by nearly 4-to-1 on the New York Stock Exchange. Tesla tumbled 6.8% for the biggest drop among S&P 500 stocks as the feud between CEO Elon Musk and U.S. President Donald Trump reignited over the weekend. Musk, once a top donor and ally of Trump, said he would form a third political party in protest over the Republican spending bill that passed last week. The selling accelerated after the Trump administration released letters informing Japan and South Korea that their goods will be taxed at 25% starting on Aug. 1, citing persistent trade imbalances with the two crucial U.S. allies in Asia. Trump also announced new tariff rates on Malaysia, Kazakhstan, South Africa, Laos and Myanmar. Just before hefty U.S. tariffs on goods imported from nearly every country around the globe were to take effect in April, Trump postponed the levies for 90 days in hopes that foreign governments would be more willing to strike new trade deals. That 90-day negotiating period was set to expire before Wednesday. This latest phase in the trade war heightens the threat of potentially more severe tariffs hanging over the global economy. Higher taxes on imported goods could hinder economic growth, if not increase recession risks. 'With the August 1 deadline serving as a negotiation buffer, the current tape suggests that markets are hedging, not fleeing. The mood? Edgy but not panicked—a poker table where the joker just hit the felt, but no one's shoved their stack,' Stephen Innes, managing partner at SPI Asset Management, wrote in a commentary. Mizuho Bank Ltd, in a commentary, said the three-week extension in the tariff deadline 'is a distraction from festering, and possibly widening, tariff risks.' In other dealings on Tuesday, benchmark U.S. crude oil lost 30 cents to $67.63 per barrel. Brent crude, the international standard, gave up 30 cents to $69.28. The dollar was trading at 146.05 to the Japanese yen, slightly up from 146.01 yen. The euro rose to $1.1746 from $1.1714. ___ AP Business Writer Alex Veiga contributed Teresa Cerojano, The Associated Press Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
