Asian stocks waver, dollar frail as Trump's tariffs, US rate path weighs
- On July 2, Asian stocks slipped and the U.S. dollar languished near three-and-a-half-year lows amid rising tensions over President Trump's approaching July 9 tariff deadline.
- The approaching tariff deadline and Trump's trade policies created uncertainty that, along with concerns over a massive U.S. tax-and-spending bill, weakened investor confidence in the U.S. economy.
- Investors anticipated the Federal Reserve would wait to assess tariff impacts on inflation before adjusting interest rates while U.S. labor data showed resilience with rising job openings.
- The dollar dropped over 10 percent this year, marking its worst first half since the 1970s, while gold rose 27 percent on safe-haven demand, and strategist Carol Kong noted disappointing data could trigger more rate cut pricing and dollar selling.
- Market uncertainty and fiscal concerns related to Trump’s tariff policies and tax-and-spending bill suggest persistent volatility in currency and equity markets as July 9 approaches.
21 Articles
21 Articles
Stocks Stutter as Trump's Tariff Deadline Looms, Oil Prices Stabilize
Asian stocks showed minimal change, oil prices stabilized, and the euro surged to a high as investors assessed geopolitical and economic uncertainties. Concerns over U.S. President Trump's tariff deadline and potential Federal Reserve changes further influenced global market dynamics.
Asian shares are mixed as Trump's tariffs deadline looms
Asian shares were trading mixed on Wednesday as the July 9 deadline for the U.S. to strike deals with trading partners or impose higher tariffs looms.U.S. futures edged higher and oil prices were little changed. Shares fell in Japan, hit by jitters over a lack of progress in trade talks with the U.S., but they recovered much of their lost ground, trading 0.5% lower at 39,790.85.Stephen Innes, managing partner at SPI Asset Management, pointed to …

Asian stocks waver, dollar frail as Trump's tariffs, US rate path weighs
SINGAPORE: Asian stocks slipped on Wednesday (Jul 2) and the dollar languished near three-and-a-half-year lows as investors weighed the prospect of US interest rate cuts and the scramble for trade deals ahead of


Market Report: Markets mixed as tariff deadline looms and clouds hover over further rate cuts
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