#market-reaction

#market-reaction

The U.S. may soon scrap the penal import tariff on Indian goods and also cut the reciprocal tariff to 10-15% from the existing 25%, India's Chief Economist Adviser V. Anantha Nageswaran said on Thursday. "My personal confidence is that in the next couple of months, if not earlier, we will see a resolution to at least to the extra penal tariff of 25%," Nageswaran said at an event in Kolkata.

Indonesian President Prabowo Subianto abruptly replaced Sri Mulyani Indrawati as finance minister, risking renewed financial turmoil for Southeast Asia's biggest economy following violent protests in recent weeks against his administration. Purbaya Yudhi Sadewa, who has served as chairman of the Deposit Insurance Corporation since 2020, was sworn in as finance minister at a hastily-arranged ceremony late Monday. He said he is "a market person" who will keep Indonesia fiscally healthy.

Nvidia Corp. plans to resume sales of its H20 AI chip to China after securing Washington's assurances that such shipments would get approved, marking a significant policy shift.

Because Iran's options in terms of screwing up the oil market are actually quite limited.

The bombing of Iran's nuclear facilities has caught traders off guard, as financial markets showed unexpected calm due to uncertainties surrounding future retaliation and the timing of the strikes.

Donald Trump will undoubtedly proclaim the temporary truce in the US-China trade war as a victory, but the markets view it as a capitulation.

Both countries represented their national interest very well," Bessent said. "We both have an interest in balanced trade, the U.S. will continue moving towards that.

If loose monetary policy were thrown into an already unstable inflationary and tariff mix, the dollar would fall further, the flight from US assets would accelerate...