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Investors worldwide are assessing the US-China deal to reduce their hefty rates of reciprocal tariffs, slashed by 115 percentage points to 10% on both sides. Aaron Hill, FP Markets' chief analyst This "marks a pivotal moment in global trade dynamics. However, the 90-day timeframe indicates these tariff cuts are a negotiation tactic rather than a permanent resolution, creating uncertainty about long-term trade policies." Kenneth Broux, Societe Generale senior FX and rates strategist "There is a de-escalation between China and U.S. resulting in a reduction of tariff on Chinese goods to...

Stocks rose at the open on Wall Street on Friday after President Trump suggested cutting US tariffs on Chinese imports. His comment fueled further optimism that the trade war is easing ahead of talks between Treasury Secretary Scott Bessent's team and Chinese officials in Switzerland this weekend. The Dow Jones Industrial Average (^DJI) edged up 0.2%. The S&P 500 (^GSPC) rose 0.4%, while the Nasdaq Composite (IXIC) gained about 0.5%. In a social media post on Friday morning, Trump suggested an 80% tariff rate for Chinese imports. Markets are attempting...

US stock futures trod water on Friday as Wall Street digested the latest signs President Trump's trade war could be entering a more conciliatory phase as the US heads into talks with China. Dow Jones Industrial Average futures (YM=F) slipped roughly 0.2%, while S&P 500 futures (ES=F) traded broadly flat. Contracts on the tech-heavy Nasdaq 100 (NQ=F) tipped 0.1% higher. Markets are focused on the US-China trade talks in Geneva this weekend, following a rally in stocks on Thursday as Trump unveiled a US-UK trade deal. His administration is weighing...

The steep recovery in equity markets over the past two weeks is typical of bear market rallies, and the erratic swings mean almost every investor will experience pain whichever direction the market suddenly moves. Goldman Sachs Group (GS) strategist Peter Oppenheimer said “the asymmetry for equity investing is poor. Sharp rallies within bear markets are the norm, not the exception.” The biggest market driver is still uncertainty, with no real long-term bullish or bearish conviction seen from investors. Price action is mainly fueled by short-term headlines and guesswork on how...

Treasury Secretary Scott Bessent said Tuesday on Capitol Hill that new trade deals with major partners could be announced as soon as this week. "Many of our trading partners have approached us with very good offers, and we are in the process of renegotiating those," Bessent said, noting that the US is currently in talks with 17 of its 18 key trading partners, with China as the exception. "I'd be surprised if we don't have more than 80% or 90% of those wrapped up by the end of the year,...

The crash's impact was felt inside the Paris Stock Exchange in France.San Francisco Chronicle/Hearst Newspapers/Hearst Newspapers via Getty Images President Trump's tariff announcements have unsettled the financial markets. This instability recalls past crises, like the Black Monday 1987 stock market crash. Black Monday saw a 20.5% S&P 500 drop, the most drastic in financial history. President Donald Trump's tariff announcements have shaken up financial markets in recent weeks. For some, this economic instability has brought to mind past financial crises, like the Great Recession, the Great Depression, and the October...

Oil prices tumbled more than 2% on Monday over expectations of a supply boost from OPEC+, while trade war-sparked demand worries linger. West Texas Intermediate (CL=F) futures fell more than on Wednesday to trade near $57 a barrel, while Brent crude (BZ=F), the international benchmark, also dropped to near $60 per barrel. Prices declined after members of the Organization of Petroleum Exporting Countries on Saturday agreed to boost production levels next month by the same increase as in May. Wall Street anticipates the cartel will likely raise output in July...

US stock futures climbed after a day of Wall Street digesting earnings reports from Apple (AAPL) and Amazon (AMZN) that came with warnings of economic headwinds ahead. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) climbed 0.7%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) ascended 0.5%. Apple earnings beat Wall Street expectations on Thursday, but shares fell as the tech giant reported disappointing sales in China and warned of a $900 million hit from President Trump's tariffs. Read more: The latest on...

US stock futures dipped as Wall Street digested earnings reports from Apple (AAPL) and Amazon (AMZN) that came with warnings of economic headwinds ahead. Futures attached to the Dow Jones Industrial Average (YM=F) slipped 0.1%. Futures attached to the benchmark S&P 500 (ES=F) slumped 0.2%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) fell 0.4%. CBOT - Delayed Quote • USD As of 7:36:31 PM EDT. Market Open. YM=F ES=F NQ=F Apple earnings beat Wall Street expectations on Thursday, but shares fell as the tech giant reported disappointing sales in...

The latest reading of the Fed's preferred inflation gauge showed inflation eased in March as investors brace for an uptick in pricing pressures following the implementation of President Trump's tariff agenda. The core Personal Consumption Expenditures (PCE) index, which strips out the cost of food and energy and is closely watched by the Federal Reserve, came in flat over the prior month, above expectations of a 0.1% increase and slower than the revised 0.5% increase seen in February. Core PCE was up 2.6% over the prior year in March, in...