Author: FX
Markets:Gold up $38 to $4012US 10-year yields down 9.3 bps to 4.055%WTI crude oil down $2.70 to $58.81Bitcoin down $4224 to $116,950S&P 500 down 2.7%JPY leads, AUD lagsIt was looking like a quiet end to the week early in the day. Canadian employment data was strong and that led to a nice rally in the loonie with USD/CAD falling to 1.3985 from 1.4015. Crude was also under pressure and flirting with $60 on worries about a supply glut.The UMich data underscored improving US consumer sentiment though it was hardly a shocking jump in the month. it looks liked we might…
JHVEPhotoSeeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector. China’s State Administration of Market Regulation, or SAMR, is reportedly investigating Qualcomm (NASDAQ:QCOM) for suspected violations of the country’s antitrust laws in its acquisition of Source link
It was a positive day for US equities until Trump blew it up at 10:30 am ET with a tweet threatening new tariffs on China because of rare earth controls. Details have been light since then but the market isn’t waiting for details. The last few months have been a smashing success for bulls and at this point, asset managers might not want to risk ruining the year. That makes it a fairly easy decision to take profits and the Nasdaq fell more than 3%.In an ominous sign, US stock markets closed on the lows.Closing changes:Nasdaq -3.5%S&P 500 -2.7%DJIA -1.9%Russell…
It turns out you can put Humpty Dumpty together again.Lecornue resigned at the start of the week but he’s been re-appointed and is tasked with former a new French government, according a report in Elysee.Between this, Japan and Trump it’s going to be an interesting weekend in politics. This article was written by Adam Button at investinglive.com. Source link
Oil was having a rough day before Trump threatened China with fresh tariffs. It was bouncing around $60 and the lowest levels since May. But with the rout in markets following the Trump-China spat, we have crude down $2.60 to $58.91. That’s the lowest since May and the second-lowest weekly close in four years.The combination of OPEC rapidly increasing production and another trade fight is a brutal combination for a market that’s already oversupplied. I earlier highlighted an Goldman Sachs note forecast 2 million barrels per day of excess production from now through 2026. That has to find somewhere to…
Alibaba (BABA) stock traded lower for its sixth straight session on Friday as shares of the Chinese mega-cap gave up more than 8% to momentarily trade below $159 for the first time since September 16. US President Donald Trump sent the market off the cliff on Friday morning by threatening a renewed trade war with the globe’s second-biggest economy. His voluminous social media post below comes in response to China whispering about possible export limits on rare earth metals used in a host of strategic industries.President Donald Trump’s Truth Social post / October 10, 2025The key section is: “One of…
Gold price rises during the North American session on Friday amid an escalation of the trade war between the US and China. This, the US government shutdown and expectation for further easing by the Federal Reserve (Fed) keep the yellow metal bid. XAU/USD trades at $3,997, up 0.60%, at the time of writing.Bullion’s boosted by escalating tariff threats and prolonged Washington deadlock reigniting risk aversionRisk aversion is the name of the game after US President Donald Trump warned of possible fresh duties on China, as the latter threatens to impose export controls on rare earths. Trump added that there is…
The S&P 500 is down 2% at the moment and if it closes that way, it will be the first 2% (or more) loss since April 4. That was the Liberation Day rout and included a 6% closing decline. The worst day since then was August 1, when there was a 1.6% closing decline.Back in February, we started to have larger market declines as the tariff worries began but it’s been an impressive 30% rally from the April 7 closing low.SPX dailyThere is no doubt this is another TACO trade but it’s a question of where the dip is to…
China hits back on US port fees with retaliatory levies Source link
West Texas Intermediate (WTI) US Crude Oil prices collapsed below $60.00 per barrel on Friday, tumbling over 4% in Oil’s worst single-day performance since June’s sharp pullback. Hopes for a cooling of tariffs between the US and China were swept off the table to end an otherwise unremarkable week, souring already-weak investor sentiment amidst an extending US government shutdown.More tariffs incoming?US President Donald Trump publicly pulled out of an upcoming trade meeting between himself and Chinese President Xi Jinping, and vowed via social media proclamation to impose additional steep import tariffs on all goods being imported into the US from…