SINGAPORE/LONDON/NEW YORK (Reuters) -Global markets were volatile while the dollar rebounded on Tuesday in choppy trading in the first few hours of Donald Trump's new presidency after he announced plans for trade tariffs on neighbouring countries. Trump was quoted saying his team was thinking of tariffs around 25% on Canada and Mexico which could be announced on Feb. 1.
China's drive to break into foreign aviation markets with its homegrown COMAC jets has intensified, with a push to persuade Vietnam to authorise its planes in the country, according to two people with knowledge of the talks and documents. COMAC's actions in Vietnam demonstrate how the state-owned firm has in the past year embarked on a more deliberate marketing approach to regulators and airlines as it seeks to compete internationally with leading Western planemakers Airbus and Boeing. After months of talks, Vietnam's top private airline VietJet was supposed to start on Jan. 15 the short-term lease for a domestic route of two C909 regional jets operated by crew from China's Chengdu Airlines, according to documents seen by Reuters that provide insight into its strategy.
The first full day of financial market trading in U.S. President Donald Trump's second term in office is set to get off to a strong start on Tuesday, with Trump's seemingly more measured approach to tariffs giving investor sentiment an instant shot in the arm. Trump issued a broad trade memo on Monday that stopped short of immediately imposing new tariffs on key trading partners, something he had previously indicated he would do on his first day in office. Instead, trade relationships with China, Canada and Mexico will be assessed and reviewed before he decides what steps to take.
(Bloomberg) -- A gauge tracking emerging market currencies rose Monday as Donald Trump refrained from announcing new trade tariffs as he was sworn in as the 47th president.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed OpportunityNYC Commuters Get New Way to Dodge Traffic: $95 Helicop
(Bloomberg) -- Wall Street breathed a collective sigh a relief after Donald Trump held off from imposing China-specific tariffs on his first day in office, pushing US equity futures higher. The dollar slumped.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed OpportunityNYC Commuters Get
As President Donald Trump returns to the White House with a pro-business stance, markets remain optimistic.
The financial services company shares its views on the year ahead.
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LONDON (Reuters) -The dollar fell broadly on Monday, while European stocks jumped, after an official for the incoming U.S. administration said President-elect Donald Trump would stop short of imposing tariffs at his inauguration, which takes place later in the day. European equity markets were firmly in positive territory in afternoon trading after the Wall Street Journal reported Trump would not impose import tariffs immediately after he's sworn in later on Monday. The dollar tumbled by as much as 1.3% at one point, falling particularly hard against the currencies of the United States' largest trading partners, such as the Canadian dollar, the Mexican peso, the euro and China's yuan.
The Nasdaq Composite gained 30% in 2024, while Ark Innovation ETF returned just 8.4%.