TARIFF IMPACT
Wall Street’s momentum machine faces a Middle East stress test
Geopolitical tensions are rising. Israeli airstrikes on Iranian nuclear sites sparked market reactions. Oil prices initially surged, but later stabilized. Investors are closely monitoring the Middle East and Washington. They await signals that could influence market sentiment next week. The focus is on the durability of the market rally. Traders are balancing risk and potential gains. The situation remains fluid.
Wall Street Week Ahead: Fed meeting in focus as investors seek rate-path hints
Investors are closely watching the Federal Reserve's upcoming policy meeting for signals on potential rate cuts amid concerns about a softening labor market and persistent inflation. Recent geopolitical tensions and trade uncertainties add to market volatility, while upcoming retail sales data and the looming end of a tariff pause further fuel investor caution.
Foxconn sends 97% of India iPhone exports to US as Apple tackles Trump's tariffs
Between March and May, 97% of iPhones exported from India by Foxconn were shipped to the U.S., highlighting Apple’s move to bypass U.S. tariffs on China. Exports hit $3.2 billion in that period. Apple is rapidly scaling Indian production, with made-in-India iPhones expected to rise significantly in 2025.
Chinese exports flood Southeast Asia on US tariffs, Citi says
Vietnam, Thailand, and Indonesia see a rise in Chinese imports. This shift follows higher US tariffs and impacts regional trade. Citi analysts suggest possible trade diversion and transshipment.
Trump says may raise US auto tariffs in 'not too distant future'
President Trump hinted at potentially raising tariffs on imported automobiles to bolster domestic manufacturing, building upon the existing 25 percent levies. This announcement immediately impacted the US auto market, causing shares of Ford and General Motors to decline. GM projects a significant earnings hit due to these tariffs, despite ongoing discussions with the administration regarding auto parts.
US producer inflation ticks up in May after tariff rollout
US wholesale prices experienced a slight increase in May, according to government data released on Thursday. The producer price index rose by 0.1 percent, driven by a rebound in services costs and a jump in goods prices.
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Citing trade wars, the World Bank sharply downgrades global economic growth forecast to 2.3%
The World Bank forecasts a significant slowdown in global economic growth for 2025, largely attributed to rising trade barriers, implicitly referencing President Trump's trade policies. The U.S. economy is projected to grow at 1.4%, a considerable drop from 2024.
UK economy shrinks by the most since 2023 as US tariffs hit
Britain's economic output experienced a significant decline in April, contracting by 0.3%, primarily due to the impact of U.S. tariffs and the conclusion of a property tax break. The drop in goods exports to the U.S. was particularly notable, reaching a record low. Despite a strong first quarter, the Bank of England anticipates the tariffs will negatively affect future growth.
IT stocks drag Sensex 100 pts lower, Nifty below 25,100
Indian markets traded cautiously amid global uncertainty surrounding the U.S.-China trade situation. While some sectors like pharma and financials saw gains, IT stocks faced pressure due to trade truce concerns. Experts suggest the market may remain range-bound due to a lack of positive triggers and escalating geopolitical tensions, including rising crude oil prices and potential tariff actions.
Trump tariffs to remain in effect while appeals proceed, US appeals court rules
A federal appeals court has allowed President Trump's tariffs to remain in effect while it reviews a lower court decision that blocked them. The court will consider whether Trump exceeded his authority by imposing the tariffs under an emergency economic powers act.
General Motors to invest $4 billion to ramp up US production
General Motors shares increased following the announcement of a $4 billion investment to shift some production from Mexico to US plants. This move comes as the automaker navigates potential tariffs that could increase prices. The investment will support the production of gas and electric vehicles, including moving Chevrolet Blazer and Equinox production to US facilities by 2027.
As US trade truce gets back on track, some Chinese exporters are 'slowly dying'
Chinese exporters, like Jacky Ren, are struggling with U.S. tariffs, selling at a loss to retain clients. Despite recent trade talks, U.S. levies remain high, impacting smaller firms. Many face potential bankruptcies and wage delays, as U.S. buyers demand extended payment terms.
Selectivity is key as markets enter narrow, range-bound phase: Dipan Mehta
Dipan Mehta suggests that the market's consolidation follows the RBI's positive policy move, anticipating improved corporate earnings due to lower tax rates and a potentially better monsoon. The market's future hinges on the outcome of the US-China trade talks and potential tariffs. Mehta emphasizes a shift towards selective stock picking as market movements become more narrow.
China, Mexico, EU, Japan, Canada urge Trump not to impose new airplane tariffs
Several nations and companies are against President Trump's plan. The plan is to impose tariffs on imported planes and parts. They say this could hurt the aviation industry. Boeing cites a trade deal with Britain. The deal ensures tariff-free treatment. Unions support tariffs to protect domestic jobs. Airlines warn of higher ticket prices. The EU is considering its options.
First signs of tariffs' impact on US inflation could appear in today's consumer prices report
America's inflation rate saw a slight increase last month. Donald Trump's tariffs are beginning to impact prices. Gas prices may limit the overall increase. Economists predict consumer prices rose 2.5% in May. Core prices are also projected to rise. Trump's tariffs are expected to raise import costs. Retailers may increase prices to cover these duties.
Apple's iPhone production slows but steadies in May at ₹15,000 crore
Apple's India iPhone production remains strong. Vendors produced over ₹15,000 crore worth of iPhones in May. This is slightly less than previous months but still exceeds 2024 averages. Production has reached ₹84,000 crore this year, matching 2024 domestic consumption. Tata Electronics now makes 35% of India's iPhones. Future production rates depend on trade negotiations.
Stocks offer restrained response to US-China trade framework
Global markets cautiously responded to initial progress in U.S.-China trade talks, awaiting specifics and long-term viability. Bond investors braced for U.S. inflation data, potentially reflecting tariff impacts, and a significant Treasury auction. Negotiators in London agreed on a trade framework to be reviewed by leaders, though details remain scarce.
JM Financial retains Buy on Gokaldas Exports; target price Rs 1,265
JM Financial maintains a Buy call on Gokaldas Exports, projecting a target price of Rs 1,265. The company anticipates near-term challenges due to higher costs, but expects margin recovery in the second half of FY26. Gokaldas Exports remains optimistic about long-term growth, driven by shifting global sourcing and supplier consolidation, making it JM Financial's top pick in the textile sector.
Dollar steady as traders await details from US-China talks
The U.S. dollar remained stable amid ongoing trade discussions between Washington and Beijing. Investors are cautious, awaiting the U.S. inflation report. Top economic officials are trying to resolve trade disputes. The markets are reacting to the lack of concrete details from the talks. Focus is now shifting to the upcoming consumer price index report.
US stocks open higher as US-China trade talks begin
Wall Street's main indexes opened higher on Monday as investors watched a fresh round of negotiations between the United States and China aimed at mending a trade rift that has rattled financial markets for much of the year.
Global shares are mixed as investors await details from the US-China trade talks
Global markets were mixed as investors awaited U.S.-China trade talks. Asian stocks rose despite China's export slowdown and deflation. Wall Street gained on job data, with tech stocks leading. Oil prices dipped, and the US dollar weakened slightly.
Japan's Q1 GDP contraction narrows on consumption improvement, revised figure shows
Japan's economy contracted less than initially feared in the first quarter, with revised consumption figures offering a glimmer of hope amidst concerns over potential U.S. tariffs. Despite the slight upward revision, analysts remain cautious about the economic outlook, particularly regarding the impact of trade tensions on exports and domestic demand.
Dollar steadies after rally, focus shifts to US-China trade talks
Dollar remained stable against major currencies before US-China trade discussions in London. Trade talks are crucial due to China's deflation and US business concerns. US delegation includes Scott Bessent, Howard Lutnick, and Jamieson Greer. Japan's economy contracted less than expected. Investors await US inflation data for May to assess trade policy impact.
Wall Street Week Ahead: US stocks edge toward records with inflation data, policy progress in focus
U.S. stocks are nearing record highs, buoyed by economic data and trade developments, but face tests ahead. A key inflation report and Federal Reserve meeting loom large. Concerns persist over the impact of tariffs and a proposed tax-cut bill, highlighted by a rift between President Trump and Elon Musk.
'Trade impact of US tariffs likely soon': OECD's Alvaro Santos Pereira
The Russia-Ukraine conflict escalation poses a significant threat to the global economy, potentially impacting energy prices and overall growth. Trade policy uncertainties, particularly US tariffs, are already affecting consumer and business confidence, leading to downgraded growth forecasts and increased inflation risks. Despite global headwinds, India remains a growth champion due to strong investment, consumption, and continued reform momentum.
Weaker dollar and emerging market flows support a bullish case for India: Matt Orton
Companies are managing inventories amidst tariff uncertainties, with potential consumer impact and margin compression. A weaker dollar benefits emerging markets like India, supported by stable commodity prices. ICICI Bank remains a compelling investment due to its growth and private banking sector, while private banks are generally favored over state-owned enterprises for efficiency and growth prospects.
Trump’s steel tariff plan to have ‘minor’ impact on India, says minister
Steel Minister HD Kumaraswamy says increased US tariffs may slightly affect India. This follows Donald Trump's plan to raise steel tariffs to 50%. A report suggests India's metal exports could face significant consequences. India exported USD 4.56 billion in iron, steel, and aluminum to the US in FY2025. These exports may become less competitive due to higher duties.
Trump tariff hike threatens to impact $5 billion engineering goods exports: EEPC India
Donald Trump's proposed tariff could impact India's engineering exports. Steel, aluminium, and related exports to the US are currently around $5 billion. The existing 25% tariffs have already created challenges.
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