US EditionASX set to fall, Wall Street takes a breather; $A steady
- The S&P 500 and Nasdaq Composite ended largely unchanged after a report that US President Donald Trump is considering new tariffs on European Union products of 15 to 20 percent.
- Preliminary data showed the S&P 500 lost 1.16 points, while the Nasdaq gained 9.33 points.
- Consumer sentiment improved this month according to the University of Michigan, despite ongoing worries about future price pressures.
- Despite Trump's tariff threats, both the S&P 500 and Nasdaq have recently reached record highs due to investor confidence.
12 Articles
12 Articles
Stock sell-off sparks ASX’s worst day since April
The Australian share market has suffered its worst one-day decline since Donald Trump announced his so-called “Liberation Day” tariffs in April. The ASX 200 closing 1 per cent down; a stark contrast from Friday’s record close. Stephanie Youssef spoke with Blueberry Markets analyst Zoran Kresovic about why that was expected. Plus, a new joint report by the Australian Human Rights Commission and the Australian Human Resources Institute has found a…
Pin High - Nemos News Network
By Benjamin Picton, senior market strategist at Rabobank US equities closed little changed on Friday. Duration performed best, with the NASDAQ eking out a minor gain while the Dow Jones fell by 0.32%. Earlier in the day European stocks had struggled for direction. The FTSE100 closed 0.22% higher, while the CAC was mostly unchanged and the DAX lost a bit of ground. Sovereign curves mostly bull-steepened over the course of last week though there w…
US officials have told the European Union that President Donald Trump will demand further concessions from it in a trade deal, including a base tariff of 15 percent or more on most European goods, the Wall Street Journal reported on Sunday, citing sources familiar with the talks. The move surprised EU negotiators who had been preparing to accept a base tariff of 10 percent. Germany, which had previously pushed for a compromise, joined France in …
ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable
Welcome to the end of the first day of Week 30 of 2025. It was a red day for the ASX wholemeal after Friday saw the bourse climb into the 8,700s based on nothing but vibes. Profit taking was the name of the game, especially after Wall Street ended flat on the Friday session US time, suggesting there was no more real impetus for the ASX200 to climb any higher, given that we’re perpetually tied to US sentiment. But that’s not any real cause for…
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