US equity-index futures fell along with the dollar after President Donald Trump said he will set unilateral tariff rates within two weeks, dialing up trade tensions once again. Haven assets such as Treasuries and gold rose. Contracts for the S&P 500 and the Nasdaq 100 dropped 0.3% after Trump said he will send letters to trading partners setting tariffs. A gauge of the dollar slid 0.3% to touch its lowest since July 2023, with the safe-haven yen and Swiss franc leading the advance against the greenback. Gold rose 0.5%. Asian shares edged up 0.1%. Oil dropped 0.4%, after jumping earlier Thursday on tensions in the Middle East. Treasuries extended Wednesday’s gains after a combination of benign inflation data and strong demand at a 10-year auction sent yields lower for a fourth day, the longest losing streak since end-April. The focus for bond investors now switches to the sale of 30-year debt on Thursday. The latest tariff threat came a day after Chinese and US officials struck a positive tone following their talks to dial down tensions. Amid US talking with countries including India and Japan to lower the levies, some investors see Trump’s comments as an effort to ramp up urgency in talks. It’s also unclear if Trump will follow through with his pledge - the president has often set two-week deadlines for actions, only for them to come later or not at all. Stocks have steadied in recent weeks and the MSCI All Country World Index hit another record Thursday after recovering from their lows in April. That’s when Trump announced the highest US levies in a century in an effort to rewrite global trade. The dollar was already under pressure from a weaker-than-expected US inflation print, which helped spur traders to fully price in two quarter-point Federal Reserve interest rate cuts this year. “Risk sentiment remains fragile, with geopolitical tensions and lingering trade concerns weighing on the dollar,” said Shier Lee Lim, lead FX & macro strategist at Convera Singapore. Trump had earlier said a trade framework with China has been completed, with Beijing supplying rare earths and magnets up front and the US allowing Chinese students into its colleges and universities. The US and China will maintain tariffs at their current, lower levels following the two nations’ agreement this week in London, Trump said Wednesday. Earlier Thursday, West Texas Intermediate rallied as much as 1.7% to top $69 a barrel after climbing the most since October in the previous session. Tensions flared up in the Middle East with Iran threatening to strike US bases in the region if talks over its nuclear program fall through and it’s attacked. The US ordered some staff to depart the embassy in Iraq, and allowed military service members’ families to leave the Middle East. The UK Navy warned that higher tensions could affect shipping in the region. Separately, Seazen Group Ltd., one of the few major private-sector Chinese developers yet to default, started marketing a dollar bond that would be the first of its kind in more than two years. US After Hours ORCL +6.7% higher on earnings; DAN +3.6% to sell off-highway business to ALSN; GME -11% on convertible notes offering.
Nikkei -0.56% Hang Seng -0.91% CSI -0.09% Shanghai -0.08% Shenzen -0.05%
Eur$ 1.1514 CNH 7.1841 CNY 7.1811 JPY 143.93 GBP 1.3580 CHF 0.8169 RUB 79.50 TRY 39.2013 WTI$ 67.91 -0.35% Gold 3,370+0.47% BTC 107,697 -1.19% ETH 2,758 -2.21%
S&P -0.33% Nasdaq -0.33% EuroStoxx -0.80% FTSE -0.47% Dax -0.83% SMI -0.75%
Macro :
- Oaktree’s Marks Says Trump Values Unpredictability, Be Cautious
- Euronext Makes No Changes to Portugal’s PSI Index in Review
- Euronext Makes No Changes to Portugal’s PSI Index in Review
- EU Proposes Sanctioning Two Small Chinese Banks for Russia Trade
- Oil Futures Extend Climb With S&P 500 Lower
Keep an eye on :
Keep an eye on :
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- BESI NA : Besi Raises Long-Term Target Revenue Forecast to €1.5B - €1.9B
- BB FP : Bic Appoints Rob Versloot as CEO From Sept. 15
- CLASB SS : Clas Ohlson Dividend per Share Beats Estimates
- ATD CN : Couche-Tard Sees ‘Clear Paths’ to Seven & i Deal With Divestment
- DAN US : Dana Rises on Sale of Off-Highway Business for $2.7 Billion
- DHL GY : DHL to Invest €500 Million on Africa, Middle East Expansion
- GME US : GameStop Is Said to Offer Premium of 35% to 40% on Convertible
- EBUS NA : Ebusco CEO Schreyer Steps Down Due to Health Reasons
- FNOX SS : EQT, First Kraft Own About 80.5% of Fortnox; to Complete Offer
- LDO IM : Leonardo, Edge Group Sign Memorandum for JV, Sole Reports
- MAIRE IM : Maire Holders Offer About 5m Shares, Terms Show
- META US : Zuckerberg’s Meta Stablecoin Plans Queried by Senator Warren
- NVDA US : Nvidia, Samsung Plan Investments in Robotics Startup Skild AI
- OBSRV NO : Observe Medical Offering of 72.9m Shares Prices at NOK0.50/Share
- OKLO US : Oklo Marketing $400 Million Stock Sale on Thursday: Terms
- PAY LN : Paypoint FY Net Revenue GBP187.7M Vs. GBP181.0M Y/y
- PIRC IM : Italy Delays Decision on Probe Into Chinese Influence at Pirelli
- PZZA US : Papa John’s Surges After Report of Private Equity Interest, Papa John’s Climbs on Report Apollo, Irth Have Made Bid
- PODP LN : Pod Point Board to Recommend Bid From EDF: Sky
- PRX NA : Prosus Sees FY EPS From Total Ops 98.4%-107.8% Higher y/y
- PRX NA : Prosus Sees FY EPS From Total Ops 98.4%-107.8% Higher y/y
- RKT LN : Reckitt Talks Exclusively to Advent on Essential Home Sale: Rtrs
- RBRK US : Rubrik Convertible Said to Close Five-Plus Times Oversubscribed
- TSLA US : Trump Wishes Musk Well, No Desire for Longterm Feud, Vance Says
- UCB BB : UCB Dapirolizumab Pegol Shows Efficacy Over Multiple Endpoints
- VOYG US : Space Firm Voyager Technologies Jumps 82% After Upsized IPO
- WBD US : Warner Bros. Says It Could Buy Back Even More of Its Debt