FinancialfocusHub.com
  • Home
  • Crude Oil
  • Cryptocurrency
  • Forex
  • Funds
  • Gold
  • Insurance
  • News
  • Stocks
No Result
View All Result
  • Home
  • Crude Oil
  • Cryptocurrency
  • Forex
  • Funds
  • Gold
  • Insurance
  • News
  • Stocks
No Result
View All Result
FinancialfocusHub.com
No Result
View All Result
ADVERTISEMENT

Tariff Changes Lead To Cautious Gains On Wall Street Futures

Alice by Alice
2025-04-14
in News
Tariff Changes Lead To Cautious Gains On Wall Street Futures
ADVERTISEMENT

Wall Street stock futures rose in Asia on Monday after the White House exempted smartphones and computers from “reciprocal” U.S. tariffs, but gains were limited by President Donald Trump’s warning that tariffs could still be imposed at some point.

On the surface, the exemption of 20 products, representing 23% of U.S. imports from China, was a clear boon for manufacturers. However, the policy has been erratic, confusing investors and leaving analysts pessimistic about the long-term outlook.

ADVERTISEMENT

“The post-liberation rollback has given some relief. But not us,” said Bruce Kasman, head of economics at JPMorgan.

ADVERTISEMENT

“A 10% universal tax is still very shocking, and a massive 145% tax on China is prohibitive,” he added. “You can’t stop trade between the world’s two largest economies or it will hurt everywhere. We still see a 60% chance of a U.S./global recession.”

ADVERTISEMENT

S&P 500 futures gave up gains after an initial rise to end up 0.8%, while Nasdaq futures rose 1.25%. The S&P 500 gained 5.7% last week, but remains more than 5% below where it was before the reciprocal tariffs were first announced in early April.

Markets will also face more earnings pressure this week, with big banks including Goldman Sachs, Bank of America and Citigroup reporting. Data from chipmaker TSMC will be a bright spot given Trump’s plans to investigate the entire global semiconductor supply chain.

Data this week includes U.S. retail sales and Chinese gross domestic product, while Federal Reserve Chairman Jerome Powell will speak on the economic outlook on Wednesday, when he will almost certainly be asked about the prospect of rate cuts and recent pressures in the Treasury market.

There were few signs of a recovery in the bond market early Monday, with the 10-year yield at 4.49%, the biggest weekly gain in borrowing costs in decades.

Not so safe

MSCI’s Asia Pacific ex-Japan index rose 0.6%, having fallen more than 4% last week. Japan’s Nikkei rose 2.0% after days of wild swings on the tariff news.

Japanese officials are preparing for trade talks with the U.S. that could touch on monetary policy, and some privately expect Washington to call on Tokyo to support the yen.

With the dollar already battered by fears that Trump’s erratic trade policy will shake investor confidence in U.S. assets, they may not need to try too hard.

“The key issue is the collateral damage from extreme uncertainty about the policy and economic outlook, continued dislocation in Treasury markets, and ultimately erosion of confidence in U.S. institutions and asset markets,” said Jonas Golterman, deputy chief market economist at Capital Economics.

“Even if the inertia and network effects that have kept the dollar on top for decades aren’t going away anytime soon, it’s no longer a stretch to say that the dollar’s ​​reserve status and broader dominance are at least somewhat in question.”

The dollar was slightly firmer at 143.72 yen, having hit a six-month low of 142.05 last week. The dollar was steady at 0.8176 Swiss franc, having fallen more than 5% last week to its lowest level in a decade.

The euro held at $1.1334, just shy of a three-year high of $1.1474. The European Central Bank meets on Thursday and is expected to cut interest rates by 25 basis points to 2.25%.

The Bank of Canada also meets this week and markets give it about a one-in-three chance of cutting its 2.75% rate.

In commodity markets, global uncertainty provided a windfall for gold, which surged to an all-time high of $3,245.28 an ounce last week. On Monday, the metal was trading at $3,218 an ounce. [GOL/]

Oil prices had a tougher time, boosted by concerns about a global economic slowdown and increased production from the Organization of the Petroleum Exporting Countries (OPEC), though the risk of an end to Iranian exports provided some support. [O/R]

Brent crude fell 9 cents to $64.67 a barrel, while U.S. crude fell 7 cents to $61.44 a barrel.

Related topics:
  • What Cash App Stocks Should I Buy?
  • When Should You Buy Stocks
  • How to Analyze Bank Stocks
ADVERTISEMENT
Previous Post

The Trump Tariff Era: Say Goodbye To Earnings Forecasts

Next Post

Oil Prices Fall As Us-China Trade War Weighs On Economic Growth

Alice

Alice

Related Posts

Wall Street Reacts To Trump-Powell Feud
News

Wall Street Reacts To Trump-Powell Feud

2025-05-01
Trump Media Pushes Forward On Cryptocurrency And ETF Plans
News

Trump Media Pushes Forward On Cryptocurrency And ETF Plans

2025-05-01
Japan Factory Output Falls As Trump Tariffs Hit Manufacturers
News

Japan Factory Output Falls As Trump Tariffs Hit Manufacturers

2025-04-30
Star Entertainment Posts Q3 Loss Amid Storms, Weak Demand
News

Star Entertainment Posts Q3 Loss Amid Storms, Weak Demand

2025-04-30
What Does Trump’s Move To Reduce U.S. Auto Tariffs Mean?
News

What Does Trump’s Move To Reduce U.S. Auto Tariffs Mean?

2025-04-30
Crude Oil13 (2)
News

Oil Prices Fall As Trade War Concerns Dampen Demand Outlook

2025-04-30
South Korea Exports Seen Falling As Trump Tariffs Hit
News

South Korea Exports Seen Falling As Trump Tariffs Hit

2025-04-29
Alibaba Unveils Qwen 3 Ai Amid Rising Tech Rivalry
News

Alibaba Unveils Qwen 3 Ai Amid Rising Tech Rivalry

2025-04-29
Sec’s Peirce Urges Clearer Crypto Rules Amid ‘lava Floor’ Critique
News

Sec’s Peirce Urges Clearer Crypto Rules Amid ‘lava Floor’ Critique

2025-04-28
Next Post
Oil Prices Fall As Us-China Trade War Weighs On Economic Growth

Oil Prices Fall As Us-China Trade War Weighs On Economic Growth

Market Moves Suggest Trust In The Dollar May Be Crumbling

Market Moves Suggest Trust In The Dollar May Be Crumbling

Gold30

Gold Etfs Hit Three-Year Highs, Paxg And Xaut Outperform Crypto Markets

Popular Articles

How Much Is 900 Yen in Usd?
Forex

How Much Is 900 Yen in Usd?

by jingji05
2025-04-27

Currency exchange rates play a crucial role in global finance, affecting trade, investments, and personal transactions. One common question is...

5 Factors That Influence The Rise Of The Us Dollar

5 Factors That Influence The Rise Of The Us Dollar

2025-04-29
How to Shop for Car Insurance?

How to Shop for Car Insurance?

2025-04-30
How do I Add Insurance to Mdlive?

How do I Add Insurance to Mdlive?

2025-04-30
Sec’s Peirce Urges Clearer Crypto Rules Amid ‘lava Floor’ Critique

Sec’s Peirce Urges Clearer Crypto Rules Amid ‘lava Floor’ Critique

2025-04-28
How to Get Gap Insurance Refund from Dealership?

How to Get Gap Insurance Refund from Dealership?

2025-04-24
What Are Vested Stocks?

What Are Vested Stocks?

2025-04-29
How to Cancel Hippo Insurance?

How to Cancel Hippo Insurance?

2025-04-26

Recent Posts

How to Cash Out USD on Coinbase
Forex

Why The Us Dollar Is Stagnant?

by Alice
2025-05-01

USD Coin (USDC) is one of the most prominent stablecoins in the cryptocurrency market. Unlike many other digital assets, USDC...

Insurance26

What Is Engineering Insurance?

2025-05-01
Packaging Corp. (Nyse: Pkg) Reports Q1 Sales Growth, Shares Drop

Packaging Corp. (Nyse: Pkg) Reports Q1 Sales Growth, Shares Drop

2025-05-01
Stocks18

U.S. Stocks Rebound As Traders Regain Risk Appetite

2025-05-01
6 Effective Ways To Exchange USD

6 Effective Ways To Exchange USD

2025-05-01
Insurance14

Getting Money From Life Insurance: A Step-By-Step Guide

2025-05-01
Wall Street Reacts To Trump-Powell Feud

Wall Street Reacts To Trump-Powell Feud

2025-05-01
Trump Media Pushes Forward On Cryptocurrency And ETF Plans

Trump Media Pushes Forward On Cryptocurrency And ETF Plans

2025-05-01

Cryptocurrency

Cryptocurrency27

NFT Marketplace X2Y2 to Shut Down After Three Years as Trading Volume Plummets

2025-04-04
Cryptocurrency

Elon Musk Denies U.S. Government Plans to Use Dogecoin, Cryptocurrency Drops 3%

2025-04-01
Cryptocurrency

Gold Bull Peter Schiff Bets on Bullish Gold Amid Bitcoin’s Struggles

2025-03-30
Cryptocurrency

Fidelity Plans to Launch Spot Solana ETF

2025-03-29
Cryptocurrency

BlackRock Launches Bitcoin ETP in Europe: A Key Step for Institutional Adoption

2025-03-28
Cryptocurrency

Closing Bell Movers: GameStop Gains 7% on Earnings, Bitcoin Announcement

2025-03-27
FinancialfocusHub.com

FinancialFocusHub.com is your gateway to insightful financial guidance and strategies. Explore expert advice on investing, saving, and managing wealth. Stay informed with the latest trends and tools to empower your financial journey.

Recent Posts

  • Why The Us Dollar Is Stagnant? 2025-05-01
  • What Is Engineering Insurance? 2025-05-01
  • Packaging Corp. (Nyse: Pkg) Reports Q1 Sales Growth, Shares Drop 2025-05-01
  • U.S. Stocks Rebound As Traders Regain Risk Appetite 2025-05-01
  • 6 Effective Ways To Exchange USD 2025-05-01

TAGS

Useful Links

ABOUT US

Disclaimer

Privacy Policy

Copyright © 2024 financialfocushub.com

No Result
View All Result
  • Home
  • Forex
  • Insurance
  • News
  • Stocks

Copyright © 2024 FinancialFocusHub.com is your gateway to insightful financial guidance and strategies. Explore expert advice on investing, saving, and managing wealth. Stay informed with the latest trends and tools to empower your financial journey.