Trump, Ukraine and European stocks
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President Trump's tariffs continue to affect global markets and the economy. Follow for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
There has been visible progress. Initial public offerings shrank to nearly a third of 2023 levels last year. Shanghai and Shenzhen-listed companies handed out a combined 2.4 trillion yuan ($334 billion) in cash dividends for 2024, up 9% from the previous year, according to state media.
Experts believe this may soften US tariffs on India and strengthen the Indian economy, highlighting India's strategic autonomy amidst increasing Russian oil imports despite Western sanctions.
Nvidia can sell its AI chips in China, and hyperscalers are spending more heavily on data center infrastructure than Wall Street anticipated.
For investors, the July CPI print was just right, as it raised the odds of a rate cut at the next Fed meeting while showing that inflation isn't spiraling.
The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 24,915 level, a premium of nearly 230 points from the Nifty futures’ previous close.
Trump has said he wants to take government backed mortgage giants Fannie Mae and Freddie Mac public. But it remains unclear if they will remain under conservatorship or how their shares will be valued.
However, Trump just gave investors two reasons to worry about another market crash: He recently reinstated modified versions of the severe tariffs announced earlier this year, and he fired the Bureau of Labor Statistics commissioner in a way that threatens to politicize the independent agency responsible for gathering economic data.
Citi raised its forecast for where the S&P 500 will finish the year, joining Bank of America, Goldman Sachs, Deutsche Bank and others that raised their targets recently. Those forecasts, however, cluster around where the index stands now -- mostly between 6,
The U.S. stock market on Tuesday rose toward records after data suggested inflation in July was a touch better than economists expected.
The stock market cut losses but it wasn't enough to erase all of the early losses made on a hot inflation report.