Treasury Secretary Scott Bessent has called on China to take proactive steps towards easing trade tensions while expressing optimism over trade deals with other countries.
Argentina's lifting of currency controls has boosted investor confidence, as reflected in ARGT's 3.5% jump, outperforming leading indices like EEM and SPY.
US markets closed higher on Friday, led by AI-related megacaps. Economic data showed weak consumer sentiment. Asian markets also rose despite trade uncertainty.
Bernstein stated that after high Federal Aviation Administration (FAA) scrutiny, Boeing Commercial Airplanes "should be on a much firmer path than in 2023.”
U.S. stock futures are down in early-morning trade on Monday, after ending the previous week on a high note, with back-to-back sessions of strong rallies.
The Nasdaq has staged a remarkable turnaround in April, transforming from what was initially dubbed the "worst April for the stock market since the Great Depression" to posting gains for the month, a recovery that's drawing attention from prominent market analysts.
The remarks have come amid fears that the global trade war triggered by Trump tariffs will tip the U.S. economy into a recession and reignite inflationary pressure.
The global cryptocurrency market capitalization stands at $2.93 trillion, showing a 1.04% decrease over the last day. Bitcoin‘s (CRYPTO: BTC) market dominance currently sits at 63.39%, reflecting a slight 0.01% daily decline.
Trump’s sweeping tariff policy was almost unprecedented in scope and impact, triggering widespread uncertainty, stifling trade, and sending global markets into a tailspin.
Wedbush analyst Daniel Ives said this was a major week ahead for the markets and that he braced for generally strong results from the big techs due to very favorable demand trends.
Markets grabbed a tactical lifeline last week as the White House pulled back from the brink. The market’s stopped panicking, but it hasn’t started trusting.
A dramatic confrontation between the White House and the Federal Reserve has been put off – for now. Come Tuesday, Trump said he has “no intention” of firing Powell before his term ends.
