US Edition
Asian stocks waver, dollar frail as Trump's tariffs, US rate path weighs
- Shares in Asia declined and the US dollar remained close to its lowest level in over three years as the July 9 deadline set by President Trump for tariff negotiations approached.
- The approaching tariff deadline and uncertainty around Trump’s massive tax-and-spending bill have heightened investor concerns over fiscal and trade policies.
- The bill, which the Senate narrowly approved and is now being sent to the House, is projected to increase the national debt by approximately $3.3 trillion, raising concerns about fiscal stability and potentially weakening the U.S. dollar.
- Fed Chair Jerome Powell emphasized waiting to assess tariffs' inflation impact before cutting rates, while currency strategist Carol Kong warned that disappointing economic data could trigger more dollar selling.
- Investors continue to flee US assets amid fiscal worries, trade uncertainties, and rate path concerns, seeking alternatives as the dollar posts its worst first-half performance since the 1970s.
22 Articles
22 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 …
Channel News Asia
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
headlinemoney.co.uk
allaboutshipping.co.ukMarket Report: Markets mixed as tariff deadline looms and clouds hover over further rate cuts
Coverage Details
Bias Distribution
- 64% of the sources are Center
To view factuality data please Upgrade to Premium
