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Wall Street rises on jobs data optimism; Tesla rebounds
  • June 6, 2025

Wall Street rises on jobs data optimism; Tesla rebounds

(Reuters) -U.S. stocks rose on Friday after a better-than-expected jobs report calmed worries about the economy, while Tesla rebounded from a sharp plunge a day earlier and technology stocks continued to rise. Data showed nonfarm payrolls increased by 139,000 jobs last month after rising by a downwardly revised 147,000 in April. "The market is clearly skittish about economic risks – but so far the data is holding on nicely," said Seema Shah, chief global strategist at Principal Asset Management.

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Will the Stock Market Crash as Tariffs Hit the Economy in 2025? History Offers an Important Clue.
  • June 5, 2025

Will the Stock Market Crash as Tariffs Hit the Economy in 2025? History Offers an Important Clue.

The S&P 500 crashed when President Trump unveiled his "Liberation Day" tariffs in early April, but the benchmark index has since staged an astounding recovery. History says President Trump's tariffs could cause a recession, and the S&P 500 has declined by an average of 31% during past recessions. The S&P 500's best days and worst days often occur in clusters, so investors that sit on the sidelines during drawdowns risk missing the rebound.

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Japan's ex-top FX diplomat expects yen to rise near 140 by year-end
  • June 5, 2025

Japan's ex-top FX diplomat expects yen to rise near 140 by year-end

TOKYO (Reuters) -A narrowing U.S.-Japan interest rate gap, rather than any effort by President Donald Trump to weaken the dollar, will likely lift the yen to around 135-140 against the U.S. unit by year-end, Japan's former top currency diplomat said on Friday. Markets are rife with speculation that Trump - who in the past accused Japan and China of currency manipulation - will pressure Tokyo to help weaken the dollar against the yen to give U.S. exports a trade advantage. Mitsuhiro Furusawa, a former currency diplomat who retains close ties with Japanese and overseas incumbent policymakers, said it was unclear whether the Trump administration was explicitly taking a weak-dollar policy.

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Asian equities see largest monthly foreign inflow in 15 months
  • June 5, 2025

Asian equities see largest monthly foreign inflow in 15 months

According to data from LSEG, foreign investors bought approximately $10.65 billion worth of equities across India, Taiwan, South Korea, Thailand, Indonesia, Vietnam, and the Philippines, registering their largest monthly net purchase since February 2024. U.S. President Donald Trump's announcement of reciprocal tariffs in April stoked concerns over the impact on Asian exports, exporter margins, and regional supply chains, but a subsequent 90-day pause for most countries later in the month helped ease investor fears and revive interest in regional assets.

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