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Global shares were mostly lower Wednesday on selling of technology shares following a lackluster day on Wall Street. France's CAC 40 fell 0.5% in early trading to 8,213.90. The German DAX dipped 0.3% to 24,251.58. Britain's FTSE 100 climbed 0.6% to 9,487.52. The futures for the S&P 500 and the Dow Jones Industrial Average were little changed. On Tuesday, the S&P 500 was nearly flat and the Dow gained 0.5%. The Nasdaq composite index lost 0.2%. In Asian trading, Chinese markets retreated after US President Donald Trump cast doubt on whether or not he will meet with Chinese leader Xi Jinping later this month. Maybe it won't happen, maybe it won't happen, he said while hosting a lunch for Republican Party senators at the White House. However, Trump also said he was expecting to do well in negotiations with China. I'm going to see President Xi in two weeks... We're going to meet in South Korea, he said. We're going to talk about a lot of things they want to discuss. Trump is ...
Asian shares mostly rose Thursday, despite the continued fretting over President Donald Trump's trade war, with all eyes on negotiations that just began between the administration and Japan. Japan's benchmark Nikkei 225 gained 0.7% to 34,142.86 in morning trading. Honda stock price jumped 1.7% after the Japanese automaker said it plans to move its production of the five-door Civic hybrid electric vehicles for the US market from Japan to the company's plant in Indiana. Honda Motor Co didn't say the move was in response to Trump's tariff policies but stressed it moves production to where there is demand. Production of the U.S.-bound five-door Civic HEV began at the Yorii plant outside Tokyo in February. So far 3,000 vehicles have been produced there for the US market. Trump joined Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick in the talks with the Japanese delegation in Washington. Hopefully something can be worked out which is good (GREAT!) for Japan and the
When Donald Trump offered some financial advice Wednesday morning, stocks were wavering between gains and losses. But that was about to change. THIS IS A GREAT TIME TO BUY!!! DJT, he wrote on his social media platform Truth Social at 9:37 am. Less than four hours later, Trump announced a 90-day pause on nearly all his tariffs. Stocks soared on the news, closing up 9.5% by the end of trading. The market, measured by the S&P 500, gained back about $4 trillion, or 70%, of the value it had lost over the previous four trading days. It was a prescient call by the president. Maybe too prescient. He's loving this, this control over markets, but he better be careful, said Trump critic and former White House ethics lawyer, Richard Painter, noting that securities law prohibits trading on insider information or helping others do so. The people who bought when they saw that post made a lot of money. The question is, Was Trump already contemplating the tariff pause when he made that post? Ask
Global markets plunged on Monday following last week's two-day meltdown on Wall Street, and President Donald Trump said he won't back down on his sweeping new tariffs, which have roiled global trade. Countries are scrambling to figure out how to respond to the tariffs, with China and others retaliating quickly. Trump's tariff blitz fulfilled a key campaign promise as he acted without Congress to redraw the rules of the international trading system. It was a move decades in the making for Trump, who has long denounced foreign trade deals as unfair to the US. The higher rates are set to be collected beginning Wednesday, ushering in a new era of economic uncertainty with no clear end in sight. Here's the latest: Chinese officials meet business representatives from Tesla and other US companies Chinese government officials met business representatives from Tesla, GE Healthcare and other US companies on Sunday. It called on them to issue reasonable statements and take concrete actions