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Observer
3 days ago
- Business
- Observer
Stocks mostly fall as Trump ramps up tariff threats
LONDON: Stock markets mostly retreated Friday as US President Donald Trump ramped up his trade war, threatening a higher blanket tariff and a 35-per cent levy on Canada. Trump dampened earlier optimism by firing off more than 20 letters to governments outlining new tariffs if agreements are not reached by August 1. Bitcoin meanwhile pushed on with its climb, reaching an all-time high above $118,000. The dollar was mostly higher against its main rivals, and oil prices gained. "The optimism from earlier in the week... is giving way to fears of an impending tariff surprise as the weekend approaches," said Jochen Stanzl, chief market analyst at CMC Markets. Wall Street's three main indices fell at the start of trading, with the S&P 500 and Nasdaq Composite coming off record-setting sessions. In Europe, where investors were awaiting news of Trump's new tariff level targeting the European Union, with a letter expected by the end of the week, the Paris and Frankfurt stock markets each dropped 0.8 per cent. "The fallout hasn't been more pronounced because the market still continues to view all of this as a point of negotiating leverage," said analyst Patrick O'Hare of Trump dialled up his trade war rhetoric on Thursday, warning that Canada faced a 35-per cent tax, while other countries would be handed blanket tariffs of up to 20 per cent, from the current 10 per cent. That came after he outlined plans to impose 50-per cent tariffs on copper imports, while threatening 200-per cent levies on pharmaceuticals, and hit Brazil with a new 50-per cent charge. The moves are the latest by the White House in a campaign it says is aimed at ending decades of the United States being "ripped off". Trump's initial bombshell announcement of tariffs on April 2 sent markets into turmoil until he paused them for three months, and the latest measures have had less impact. London's FTSE 100 and the pound retreated after data showed the UK economy unexpectedly shrank in May -- its second consecutive monthly decline. That followed a mixed session in Asia, where Hong Kong rose, Tokyo fell and Shanghai flattened by the close. Shares in BP jumped 2.4 per cent in London after the energy giant said it expected to report higher oil and gas production for its second quarter. - AFP
NDTV
3 days ago
- Business
- NDTV
Stock Markets Fall As Trump Ramps Up Trade War
Stock markets mostly retreated Friday as US President Donald Trump ramped up his trade war, threatening a higher blanket tariff and a 35-percent levy on Canada. Trump dampened earlier optimism by firing off more than 20 letters to governments outlining new tolls if agreements aren't reached by August 1. Bitcoin meanwhile pushed on with its climb, reaching an all-time high above $118,000. The dollar and oil prices both gained. "The optimism from earlier in the week... is giving way to fears of an impending tariff surprise as the weekend approaches," said Jochen Stanzl, chief market analyst at CMC Markets. In Europe, Paris and Frankfurt stock markets each dropped around one percent. Investors were awaiting news of Trump's new tariff level targeting the European Union, with a letter expected by the end of the week. London's FTSE 100 and the pound retreated also after data showed the UK economy unexpectedly shrank in May -- its second consecutive monthly decline. That followed a mixed session in Asia where Hong Kong rose, Tokyo fell and Shanghai flattened by the close. Trump dialled up his trade war rhetoric Thursday, warning that Canada faced a 35 percent tax, while other countries would be handed blanket tariffs of up to 20 percent, from the current 10 percent. That came after he outlined plans to impose 50-percent tariffs on copper imports, while threatening 200 percent levies on pharmaceuticals, and hit Brazil with a new 50 percent charge. The moves are the latest by the White House in a campaign it says is aimed at ending decades of the United States being "ripped off". Trump's initial bombshell announcement of tariffs on April 2 sent markets into turmoil until he paused them for three months and the latest measures have had less impact. All three main indices on Wall Street rose Thursday, with the S&P 500 and Nasdaq hitting fresh peaks, hours after the FTSE 100 in London achieved an all-time high. Shares in BP jumped around two percent in London on Friday after the energy giant said it expected to report higher oil and gas production for its second quarter. But the FTSE 100 was down overall nearing midday.
The Hindu
3 days ago
- Business
- The Hindu
Global stocks mostly fall as Trump ramps up tariff threats
Global stock markets mostly retreated on Friday (July 11, 2025) as U.S. President Donald Trump ramped up his trade war, threatening a higher blanket tariff and a 35% levy on Canada. Mr. Trump dampened earlier optimism by firing off more than 20 letters to governments outlining new tolls if agreements aren't reached by August 1. Bitcoin meanwhile pushed on with its climb, reaching an all-time high above $118,000. The dollar and oil prices both gained. "The optimism from earlier in the week... is giving way to fears of an impending tariff surprise as the weekend approaches," said Jochen Stanzl, chief market analyst at CMC Markets. In Europe, Paris and Frankfurt stock markets each dropped around 1%. Investors were awaiting news of Trump's new tariff level targeting the European Union, with a letter expected by the end of the week. London's FTSE 100 and the pound retreated also after data showed the UK economy unexpectedly shrank in May -- its second consecutive monthly decline. That followed a mixed session in Asia where Hong Kong rose, Tokyo fell and Shanghai flattened by the close. Mr. Trump dialled up his trade war rhetoric Thursday, warning that Canada faced a 35% tax, while other countries would be handed blanket tariffs of up to 20 percent, from the current 10 percent. That came after he outlined plans to impose 50-percent tariffs on copper imports, while threatening 200 percent levies on pharmaceuticals, and hit Brazil with a new 50 percent charge. The moves are the latest by the White House in a campaign it says is aimed at ending decades of the United States being "ripped off". Mr. Trump's initial bombshell announcement of tariffs on April 2 sent markets into turmoil until he paused them for three months and the latest measures have had less impact. All three main indices on Wall Street rose Thursday (July 10, 2025), with the S&P 500 and Nasdaq hitting fresh peaks, hours after the FTSE 100 in London achieved an all-time high. Shares in BP jumped around 2% in London on Friday after the energy giant said it expected to report higher oil and gas production for its second quarter. But the FTSE 100 was down overall nearing midday. Key figures at around 1040 GMT • London - FTSE 100: DOWN 0.6% at 8,923.68 points • Paris - CAC 40: DOWN 1.0% at 7,825.22 • Frankfurt - DAX: DOWN 1.1% at 24,193.54 • Tokyo - Nikkei 225: DOWN 0.2% at 39,569.68 (close) • Hong Kong - Hang Seng Index: UP 0.5% at 24,139.57 (close) • Shanghai - Composite: FLAT at 3,510.18 (close) • New York - Dow: UP 0.4% at 44,650.64 (close) • Euro/dollar: DOWN at $1.1692 from $1.1698 on Thursday • Pound/dollar: DOWN at $1.3540 from $1.3576 • Dollar/yen: UP at 146.80 yen from 146.19 yen • Euro/pound: UP at 86.36 pence from 86.16 pence • Brent North Sea Crude: UP 0.6% at $69.06 per barrel • West Texas Intermediate: UP 0.7% at $67.04 per barrel
The Star
03-07-2025
- Business
- The Star
Asian stocks cheer US-Vietnam trade deal; currencies steady
Most Asian stock markets rose on Thursday, buoyed by the U.S.-Vietnam trade deal seen as a positive signal for the region ahead of the July 9 tariff deadline, while currencies held steady as traders awaited key U.S. developments. U.S. President Donald Trump said he had sealed a trade deal with Vietnam, under which it would now be hit with a 20% tariff on exports, sharply down from 46% planned earlier. Vietnamese equities rose 0.6% to their highest level since April 2022, while the dong dropped 0.3% to hit a record low of 26,229 per U.S. dollar. Analysts at DBS noted the deal could mitigate downside risks to Vietnam's economic growth but added it "may not prevent a slowdown in the coming quarters." The U.S.-Vietnam deal lifted sentiment across most Asian equities on hopes other countries will strike similar agreements ahead of the July 9 tariff deadline. The MSCI EM-Asia index advanced 0.2% and touched a three-and-a-half-year high earlier in the day. Philippine stocks climbed 1.1% to log their highest since May 15. The country faces an 18% tariff under Trump's plan. Shares in Taiwan and Indonesia climbed 0.8% and 0.3%, respectively. South Korean stocks rose 1% after President Lee Jae Myung said he was working to secure a "mutually beneficial and sustainable" outcome from trade talks with the U.S. "Today's broad-based rally reflects multiple catalysts converging - Vietnam's 20% tariff deal setting a precedent, India pushing hard for its own agreement and the U.S.-China trade restrictions being rolled back on ethane," said Christopher Forbes, head of Asia, CMC Markets. The dollar index edged lower as investors awaited the U.S. Labor Department's June jobs report, due later in the day, after data earlier this week showed private payrolls fell for the first time in over two years. Trump's massive tax and spending bill, which was pending a possible final approval by the House of Representatives, was also in focus. The bill is expected to add $3.3 trillion to the national debt, slash taxes and reduce social safety net programs. While most Asian currencies traded sideways, Taiwan's dollar strengthened 0.5% to touch its highest level since early April 2022. Exporters' demand to sell the greenback and steady inflows into domestic equities this week sustained the demand for the Taiwan dollar, OCBC forex strategist Christopher Wong said. The Philippine peso and Indonesia's rupiah were up 0.1%. HIGHLIGHTS: ** Saudi Arabia, Indonesia sign several deals worth around $27 billion, state news agency says ** US paves way to resume ethane exports to China amid trade truce - Reuters
Yahoo
24-06-2025
- Business
- Yahoo
CMC Markets (LON:CMCX) Is Increasing Its Dividend To £0.083
CMC Markets Plc (LON:CMCX) will increase its dividend from last year's comparable payment on the 15th of August to £0.083. This takes the dividend yield to 4.6%, which shareholders will be pleased with. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. The last dividend was quite easily covered by CMC Markets' earnings. This indicates that a lot of the earnings are being reinvested into the business, with the aim of fueling growth. The next year is set to see EPS grow by 5.4%. Assuming the dividend continues along recent trends, we think the payout ratio could be 51% by next year, which is in a pretty sustainable range. See our latest analysis for CMC Markets CMC Markets has been paying dividends for a while, but the track record isn't stellar. This suggests that the dividend might not be the most reliable. The annual payment during the last 9 years was £0.107 in 2016, and the most recent fiscal year payment was £0.114. Dividend payments have grown at less than 1% a year over this period. Modest growth in the dividend is good to see, but we think this is offset by historical cuts to the payments. It is hard to live on a dividend income if the company's earnings are not consistent. With a relatively unstable dividend, it's even more important to see if earnings per share is growing. CMC Markets has seen earnings per share falling at 5.4% per year over the last five years. A modest decline in earnings isn't great, and it makes it quite unlikely that the dividend will grow in the future unless that trend can be reversed. It's not all bad news though, as the earnings are predicted to rise over the next 12 months - we would just be a bit cautious until this can turn into a longer term trend. Overall, we always like to see the dividend being raised, but we don't think CMC Markets will make a great income stock. In the past, the payments have been unstable, but over the short term the dividend could be reliable, with the company generating enough cash to cover it. We don't think CMC Markets is a great stock to add to your portfolio if income is your focus. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. However, there are other things to consider for investors when analysing stock performance. For instance, we've picked out 2 warning signs for CMC Markets that investors should take into consideration. Is CMC Markets not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
