8 h. ago Asian shares sell off as US curbs on Nvidia chip sales to China fuel trade fears; UK inflation slows to 2.6% – business live

Gold surges nearly 2% to new record high; UK food inflation slows and fuel prices fall while clothes prices riseFinancial markets are betting on an interest rate cut from the Bank of England meeting at its May meeting, estimating an 86% probability.They have fully priced in three quarter-point rate reductions this year.A sharp pickup in inflation from April is all but guaranteed. Ofgem’s 6.4% increase to its price cap, after a large fall last year, means we expect the energy component will add 0.7ppts to CPI inflation in April. A significant increase in water bills means the contribution from the core goods category is also set to rise. In addition, we expect businesses to pass on some of the increase in labour costs caused by the recent rises in employers’ National Insurance Contributions (NICs) and the National Living Wage onto consumers. Inflation is likely to peak in the autumn, before starting to cool as the contribution from the energy category fades.The MPC has lowered Bank R...

Economics

10 h. ago Asian shares fall after a quiet day on Wall St, but Nvidia hit by US ban on exporting AI chip

Markets are mostly lower in Asia after a rare quiet day for financial markets worldwide

Events

35 h. ago Asian shares are mostly higher after Trump eases some of his tariffs on electronics, for now

Asian shares have mostly gained, echoing a rally on Wall Street after President Donald Trump relaxed some of his tariffs, for now at least, and as stress from within the U.S. bond market seems to be easing

Politics

7 d. ago Trump declares 'war with the world' as his 'explosive' tariffs take effect and send global stocks plunging again

Asian shares slipped further today as the latest set of Donald Trump's tariffs took effect including a massive 104 per cent levy on Chinese imports.

Events

7 d. ago Asian shares deepen losses after another Wall St retreat as tariffs due to take effect

Asian shares have opened lower as the latest set of U.S. tariffs, including a massive 104% levy on Chinese imports, is due to take effect

Economics

9 d. ago Asian share markets routed in early trading as Trump says ‘you have to take medicine’

US president tells reporters the levies are ‘medicine to fix something’ as Nikkei tumbles nearly 9% in early trading, worsening huge losses from last week’s announcementMarkets react to Trump tariffs – live updatesDonald Trump said foreign governments would have to pay “a lot of money” to lift sweeping tariffs that he characterised as “medicine,” as markets in Asia plunged in early trading on Monday.Speaking to reporters aboard Air Force One late on Sunday, the US president indicated he was not concerned about market losses that have already wiped out nearly $6tn in value from US stocks. “I don’t want anything to go down. But sometimes you have to take medicine to fix something,” he said. Continue reading...

Politics

1 week ago The Latest: Trump’s tariffs slam world markets in the biggest blow since the pandemic hit in 2020

Asian shares slid further Friday after U.S. President Donald Trump’s tariffs sent shudders through Wall Street at a level of shock unseen since the COVID-19 pandemic pummeled world markets in 2020

Events

2 w. ago Stock market today: Asian shares mostly decline ahead of Trump's latest tariffs

Asian shares are mostly falling, shaken by jitters over what President Donald Trump will announce about tariffs on his “Liberation Day” later in the global day

Politics

2 w. ago Asian shares recover after Wall St gains, as markets waver under the threat of more tariffs

Asian shares are mostly higher after U.S. stocks swayed higher

Economics

2 w. ago US trading partners warn of retaliation to Trump’s 25% car tariffs

Automakers’ shares drop as Asian, European and North American countries rush to respond to US president’s latest measures

Events

2 w. ago Stock market today: Asian shares sag after Trump raises tariffs on auto imports

Shares have sagged in Asia after President Donald Trump announced he will raise tariffs on imported cars

Politics

3 w. ago Stock market today: Asian shares are mixed, Chinese markets decline, after rally on Wall St

Shares are mixed in Asia, with Chinese markets retreating, following a broad rally on Wall Street

Politics

3 w. ago Stock market today: Asian shares are mostly lower after tech

Asian shares are mostly lower after gains in technology stocks snapped Wall Street’s four-week losing streak

Politics

3 w. ago Stock market today: Asian shares are mostly higher after advance on Wall Street

Asian shares are mostly higher following an advance on Wall Street after the Federal Reserve said the economy still looks healthy enough to keep interest rates where they are

Politics

4 w. ago Stock market today: Asian shares are mixed after Wall Street falls back ahead of Fed rate decision

Asian shares are mixed ahead of a decision on interest rates by the U.S. Federal Reserve

Politics

4 w. ago Stock market today: Asian shares mostly rise, cheered by another Wall Street rally

Asian shares have advanced as investor sentiment was buoyed by another rally on Wall Street

Politics

last month Asian shares advance after Wall St rallies to its best day in months, and China reports strong data

Shares have advanced in Asia after U.S. stocks rallied to their best day since November's election

Politics