Federal Reserve Governor Christopher Waller said Monday he expects the effects of President Donald Trump’s tariffs on prices to be “transitory,” embracing a term that got the central bank in trouble during the last bout of inflation. “I can hear the howls already that this must be a mistake given… Read More »Fed Governor Waller sees tariff inflation as ‘transitory’ in ‘tush push’ comparison
The Australian sharemarket added almost $100 billion in value on Thursday after equities on Wall Street ripped overnight following US President Donald Trump’s decision to hit pause on reciprocal tariffs on more than 75 nations. The S&P/ASX 200 Index was up 4.5 per cent, or 334.6 points, closing at 7709.6… Read More »ASX adds $100b in best day since 2020; CBA up 3pc
A rally in banks and miners helped the sharemarket start the week on a positive note after tariff exemptions for the technology industry spurred optimism for a further scaling back of US President Donald Trump’s chaotic trade agenda. The S&P/ASX 200 climbed 102.1 points, or 1.3 per cent, to 7748.6… Read More »Miners, CBA buoy ASX amid tariff relief hopes; Neuren soars
Fund managers say Australia’s sharemarket is still too expensive despite investors erasing about $283 billion in market value since the peak in February on fears of a global recession. And while the sell-off has pushed the S&P/ASX 200 Index into correction territory and spurred buying of ASX-listed shares, the gauge… Read More »Fundies say ASX still too expensive despite correction
U.S. stock futures slipped Monday night after the S&P 500 posted back-to-back winning sessions. Investors also awaited a fresh set of first-quarter earnings reports. Dow Jones Industrial Average futures fell 146 points, or 0.4%. S&P 500 futures and Nasdaq 100 futures dipped 0.5% and 0.6%, respectively. The moves came after the major stock indexes ended Monday’s session… Read More »U.S. stock futures slide after S&P 500 posts back-to-back gains: Live updates
The April sell-off for financial markets has been wider and more volatile than typical pullbacks, fueling concern that the aggressive and constantly changing trade policy from Washington, D.C. could be doing long-term damage to the financial standing of the U.S. The S&P 500 has now dropped 5.4% since President Donald Trump’s April… Read More »Investors are growing concerned about a U.S. asset exodus as Treasurys and the dollar decline
Markets are betting that big exemptions for smartphones and computer chips will not be the last time US President Donald Trump walks back from punitive tariffs on Chinese imports – plans that would have crunched earnings and threatened to send the world’s largest economy into a recession. “Trump was always… Read More »Investors hope for ASX bounce as Trump walks back tariffs
Some investors see method in the madness, others only madness. Here are the long-term and short-term risks, and opportunities, in Donald Trump’s new world. The week that was in markets will go down in history as among the most dramatic and significant, regardless of what happens next. Sharemarket volatility spoke… Read More »Nightmare on Wall Street leaves traders questioning hopes and fears
We, like almost every other investor on the planet, underestimated Trump’s resolve to reshape global trade and just how far he appears willing to go to do this. Ten weeks ago, the US and global economic and market outlook was constructive – it was not great, but there were signs… Read More »Time to go back to the basics and buy stocks like these
Stock futures rose on Sunday as Wall Street looks to gauge President Donald Trump’s latest tariff moves. S&P 500 futures gained 0.5%, while Nasdaq-100 futures moved 0.8% higher. Futures tied to the Dow Jones Industrial Average climbed 109 points, or 0.3%. Trump exempted smartphones and computers as well as other devices and components like semiconductors from his… Read More »Stock futures rise after a wild week as traders weigh surprise China tariff exemption: Live updates