• Contact Us
  • About Us
Tuesday, June 3, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Companies and Markets

Stocks Bask In Trump Glow, Tariff Uncertainty Weighs On Dollar

metro by metro
January 22, 2025
in Companies and Markets
0
Currencies Hold Tight Ranges As Market Awaits More U.S. Rate Cues
0
SHARES
0
VIEWS

 

 

Read Also

Shares Dither, US Dollar Climbs On Rosy Economic Data

Shares Dither, Oil Slides As Tariffs Fan Growth Worries

Oil Rebounds As Ukraine Ceasefire Deal Remains Elusive

Global stocks gained on Wednesday as a flurry of new policies from U.S. President Donald Trump combined with robust corporate earnings to bolster investor optimism, while tariff uncertainty kept the dollar near two-week lows.

Netflix shares (NFLX.O), opens new tab surged 14% in after-hours trading as the streaming giant added a record number of subscribers last quarter, enabling it to increase prices for most service plans in the United States and other countries.

That helped lift Nasdaq futures 0.5% in Asia. S&P 500 futures also rose 0.2%.
Late on Tuesday, Trump announced that OpenAI, SoftBank and Oracle will form a joint venture called Stargate and invest up to $500 billion in artificial intelligence infrastructure.

Shares of SoftBank (9984.T), surged 9% in Tokyo, while Oracle (ORCL.N), already gained 7% overnight.
Helping risk sentiment is also relief that Trump did not announce a more comprehensive sweep of tariffs at the start of his second presidency.

Many investors and foreign capitals had expected tariffs to be among a raft of executive orders Trump signed in his first day in office.

However, he did talk up the threat of tariffs again on Tuesday, vowing to hit the European Union with fresh levies. He also said his administration was discussing imposing a 10% tariff on goods from China on Feb. 1.
“I think we’re pricing out all the extreme moves,” said Hoe Lon Leng, global head of FX flow and EM rates linear trading at Nomura in Singapore.
“I think Trump seems to be more outcome driven. I think he wants to do a good job and … that means the recent oil prices, the recent move higher in bond yields would have affected his position on pushing things to the extreme.”

Japan’s Nikkei (.N225), opens new tab jumped 1.4%, tracking broad gains on Wall Street. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), rose 0.1% as falls in Chinese stocks offset broad gains in Taiwan and South Korea.
Chinese blue chips (.CSI300), fell 1.2% and the Hong Kong’s Hang Seng index (.HSI), lost 1.5%.

The temporary tariff relief has supported a pullback in Treasury yields. The U.S. 10-year Treasury yield was, however, 2 basis points higher in Asia at 4.595%, having dipped 4 bps overnight.

They were still up around a percentage point since the Federal Reserve started cutting rates in mid-September, reflecting a strong economy and dwindling prospects for large Fed reductions this year.
Futures imply a total easing of 37 basis points from the Fed this year, with the first rate cut not fully priced in until July.
The U.S. dollar slipped 0.1% against its major peers on Wednesday to 108.08 , just above a two-week low of 107.86, after finishing a choppy session overnight little changed.

ALSO  READ:Dollar Rebounds Sharply, Futures Rise As Trump 2.0 Jolts Markets

The euro eased 0.2% to $1.0412, just off a three-week top of $1.0435. The Canadian dollar , which had hit a five-year low on Tuesday, clawed back most of its losses and was last at 1.4332 per U.S. dollar.
Bitcoin held near a record high at $105,701, having rallied 4% overnight as the top U.S. markets regulator created a task force to develop a regulatory framework for crypto assets.
“The road for bitcoin to reach $120,000 is plausible,” said Billy Leung, investment strategist at Global X.
Oil prices were flat on Wednesday, having fallen more than 2% overnight as Trump planned to boost U.S. energy production. Brent crude held at $79.29 a barrel, while U.S. crude was little changed at $75.88 a barrel.
Gold also resumed its climb to its previous record high. Spot prices rose 0.1% to $2,747.04 per ounce, having jumped 1.4% overnight.

 

Previous Post

PROJKONNECT Announces N375 Mn  Five Yrs  Partnership-Driven Sponsorship For Digital Africa Conferencr & Exhibition

Next Post

UNMISS peacekeepers support humanitarian efforts to protect civilians during cholera outbreak

Related Posts

Shares Dither, US Dollar Climbs On Rosy Economic Data
Companies and Markets

Shares Dither, US Dollar Climbs On Rosy Economic Data

May 28, 2025
Shares Dither, Oil Slides As Tariffs Fan Growth Worries
Companies and Markets

Shares Dither, Oil Slides As Tariffs Fan Growth Worries

April 30, 2025
Oil Prices Down On Swelling US Crude Stocks, Easing Middle East Tensions
Companies and Markets

Oil Rebounds As Ukraine Ceasefire Deal Remains Elusive

March 14, 2025
Companies and Markets

NGX Group, CSCS, Others Rally Stakeholders On Gender Equality In Nigeria

March 9, 2025
Next Post

UNMISS peacekeepers support humanitarian efforts to protect civilians during cholera outbreak

Oil Prices Down On Swelling US Crude Stocks, Easing Middle East Tensions

Oil Inches Up On Supply Concerns, Weaker Dollar

June 3, 2025
Nigerian Military Fighter Jet Mistakenly Kills 20 Vigilantes In Zamfara

Nigerian Military Fighter Jet Mistakenly Kills 20 Vigilantes In Zamfara

June 2, 2025
President Tinubu Addresses Joint Sitting Of NASS Wednesday, May 29, 2024.

FG Declares June 6,9 Public Holidays To Mark Eid-UI-Adha Celebrations

June 2, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version