Trade Wars 2.0 - news and analysis

The second presidency of Donald Trump initiated escalation of tariffs that triggered significant financial movements. These actions may to increased costs for businesses and consumers, disrupted supply chains, and created market uncertainty. Retaliatory tariffs from affected nations can further strain global trade, impacting economic growth and prompting concerns about long-term financial stability.

Trump or Harris? Why the Nasdaq 100, S&P 500 Might Not Care Who Wins

Wall Street Indexes rebounds on strong ISM Services PMI as election uncertainty lingers. Investors closely watch Congressional election results, as a unified government is seen as beneficial for stock market performance. Market volatility remains low as investors await election results and upcoming Federal Reserve and BoE decisions.

05-11-2024 14:53 GMT by Zain Vawda

USD/JPY: Bearish technical factors supported by unwinding of Trump Trade

USD/JPY gapped down in today, Asian opening session and shed -0.9% intraday. The current intraday weakness in the USD/JPY has moved in line with the thinning of Trump winning odds over Harris in the US presidential election as it slipped to 53.8% on Sunday based on data from betting market (Polymarket).

04-11-2024 05:28 GMT by Kelvin Wong