Even as U.S. President Donald Trump signalled a softening stance on tariffs imposed on Chinese imports, global trade may continue to operate under heightened uncertainty, according to Garima Kapoor of Elara Capital. In an interaction with ET Now, Kapoor reflected on the recent remarks by President Trump, who suggested that while tariffs on China may…
READ MOREThe Reserve Bank of India (RBI) has reduced interest rates by 25 basis points and shifted its stance from neutral to accommodative, as was anticipated. The tone of the announcement suggested a cautious approach, indicating that the RBI is keeping its options open for future action should the global situation deteriorate. The RBI has further…
READ MOREThere’s no way to sugarcoat it. Retail traders online are in full-blown panic mode over the trade war. Everyday investors took to social media on Thursday to commiserate over the impact of the president’s latest tariffs, which tanked stocks on Thursday. By 11:00 a.m. ET, the rout had deepened, with the S&P 500 down more…
READ MOREShares of Indian information technology companies fell sharply on Wednesday, with Coforge, Wipro and other major IT firms declining as much as 5.4%, amid a broader global equity sell-off triggered by renewed U.S.-China trade tensions. The Nifty IT index slid 2.4%, emerging as the biggest drag on benchmark indices, as investors reacted to Washington’s confirmation…
READ MOREIndia’s fear gauge, the Volatility Index (India VIX), surged over 6% to 21.68 on Wednesday, signalling rising investor anxiety amid a sharp selloff in global equities and renewed trade tensions. The spike in volatility comes as U.S. President Donald Trump vowed to impose “major tariffs” on pharmaceutical imports, sending Indian pharma stocks tumbling up to…
READ MOREThe US administration unveiled a minimum tariff rate of 10% on countries across the globe, big and small. From the imposed reciprocal tariff rates, Asia and Europe on the higher end of the tariff scale. In Asia, the highest rate of reciprocal tariff is on Cambodia and Vietnam. India faces reciprocal tariffs of 27% while…
READ MOREShares of metal stock tumbled by up to 6% in today’s session as uncertainties surround the future outlook of these companies after U.S. President Trump’s reciprocal tariffs have raised concerns over global demand growth and the potential disruption of business activities worldwide. The shares of National Aluminium Company (NALCO) dipped the highest, falling by 6%…
READ MOREThe erratic and inconsistent trade policies of US President Donald Trump are challenging the global commodity market, making prices highly volatile. The recent US tariffs on countries like Canada, Mexico, and China have raised concerns over a global trade war, as Canada and China have already imposed retaliatory tariffs on U.S. products. Bullion was the…
READ MOREEven as Donald Trump’s trade war sends the US stock market hurtling toward a correction, the individual investors who rode the bull run to record highs haven’t yet given up their faith. The so-called retail investors poured $7.3 billion into equities in the week through Wednesday, when they boosted exposure to perennial favorites like Tesla…
READ MOREU.S. President Donald Trump defended his use of tariffs and said they could multiply as he met on Tuesday with the CEOs of America’s biggest companies, many of whom have watched their market value crater over recession and inflation fears. The Republican president spoke to about 100 CEOs at a regular meeting of the Business…
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