US EditionAsian Markets Stagger Into Weekend as Trade Rally Runs Out of Legs
- Asian markets declined into the weekend on May 16 as Tokyo and Hong Kong indices dropped amid sluggish Chinese consumer spending and Japan's quarterly economic contraction.
- The pullback followed a week of gains fueled by a 90-day China-US tariff truce and hopes for progress in Iran nuclear talks, although tariffs remain elevated and problematic.
- Walmart CEO Doug McMillon welcomed easing trade tensions but warned that tariffs still pressure prices and will weigh on company earnings despite a solid quarterly report.
- Key market data showed the dollar slightly weaker, wholesale prices below forecasts, flat retail sales, and subdued oil prices, while global indices displayed mixed performance ahead of Fed Chair Powell's speech.
- Analysts caution that despite recent trade deal optimism, high US tariffs continue to threaten economic growth and future market stability remains uncertain as investors seek new catalysts.
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Watauga Democrat+12 Reposted by 12 other sources
Stock markets calmer as trade rally eases
Stock markets were calmer Friday, with European stocks consolidating weekly gains fuelled by the China-US trade war hiatus and as investors awaited further developments over tariffs.
·Calhoun, United States
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Daily Journal+45 Reposted by 45 other sources
Asian markets stagger into weekend as trade rally runs out of legs
Markets limped into the weekend as investors consolidated gains fed by the China-US trade war hiatus, having enjoyed one of their best weeks since Donald Trump unloaded his "Liberation Day" tariff bazooka last month.
·Cherokee County, United States
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Total News Sources83
Leaning Left9Leaning Right13Center22Last UpdatedBias Distribution50% Center
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- 50% of the sources are Center
50% Center
L 20%
C 50%
R 30%
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