Recent News
- by US inflation drops to 2.4%, while core inflation eases to 2.8%.
- by White House Announces Major Temporary Hold on New Tariffs, Stock Markets and Risk Assets Soar; China Announces 84% Tariff on USA, Trump Retaliates With 125% Tariff on Chinese Imports; US Negotiating With Vietnam, India, Japan, South Korea; Markets Expect US Inflation Data to Show Drop to 2.6% Today
- by There was little to be excited about in the cryptocurrency market, or any financial market for that matter, as asset prices were hammered by Trump’s ongoing trade war, which saw tariffs placed on every US trading partner.
- by Global Stocks Moving Back Towards Long-Term Lows as US Tariffs Come into Force Today; US Applies Retaliatory 104% Tariff on China; WTI Crude Oil Plummets to New 4-Year Low; RBNZ Cuts Cash Rate by 0.25%
- by Global Stocks Make Gains as Some Express Willingness to Negotiate on Tariffs, US Treasury Secretary Claims Over 50 Nations in Contact; Japan Approached US and WIll Get Priority in Talks; Trump Says EU Offer to Remove Industrial Tariffs is "Not Enough"; Commodities, Commodity Currencies Gain Against Safe Havens; Trump Threatens Additional Tariffs on China, China Vows to Fight "To The End"
- by Global Stocks in Strong Selloff; Asian Equities Worst Day Since 2008, S&P 500, Nikkei 225 Enter Bear Market, Chinese HSI Down Over 13% Today; Trump Holds Firm, Says "Medicine" Necessary for USA, Treasuries Rise, US Treasury Yields Plunge to Multi-Month Lows
- by President Trump Slaps Default 10% Tariff on All Imports, 54% on China, 24% on Japan, 20% on EU; Stock Markets Decline, Especially EU, Japan, China; Gold Hits All-Time High; Euro, Pound Power to Long-Term Highs Against US Dollar
- by Financial markets broadly declined over the past week after the February Personal Consumption Expenditures (PCE) index reading came in hotter than expected, rising 0.4% month over month and 2.8% year over year.