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Stocks climb with tech shares; dollar eases after recent gains

NEW YORK, April 24 (Reuters) - Major stock indexes rose on Thursday, with technology shares leading Wall Street higher as investors awaited further developments on the U.S.-China trade conflict, while the dollar slipped after recent gains.Quarterly results from some top tech-related companies are still due in the coming days, with Alphabet (GOOGL.O), opens new tab, up 1.9%, expected to report after the closing bell. The S&P 500 technology sector (.SPLRCT),was up about 3% and led gains among S&P 500 sectors.

Apr 24, 2025 - 5:18 PM

Dollar rally unravels as investors shrug off Trump U-turns

NEW YORK, April 24 (Reuters) - The dollar staged a broad retreat on Thursday, as investor gloom over the lack of progress toward defusing the U.S.-China trade war reasserted itself following an interlude of optimism the previous day.

Apr 24, 2025 - 3:53 PM

US labor market holds steady for now; tariffs keep businesses on edge

WASHINGTON, April 24 (Reuters) - The number of Americans filing new applications for unemployment benefits increased marginally last week, suggesting the labor market remained resilient despite darkening clouds over the economy caused by a chaotic trade policy.But President Donald Trump's constantly shifting tariffs position has heightened economic uncertainty, sharply eroding business and consumer confidence, which could undercut spending and lead to job losses.

Apr 24, 2025 - 2:47 PM

Brazil’s Usiminas posts positive results but warns of uncertainty ahead

Brazilian steelmaker Usiminas on Thursday delivered first quarter results above market expectations but flagged that the second half of the year faced challenges amid high interest rates and trade uncertainties.Companies around the world have been bracing for the potential impact of US President Donald Trump’s sweeping tariffs, which have sparked a trade war and led business to warn of growing uncertainty and concerns about the global economy.

Apr 24, 2025 - 2:31 PM

Nickel market forecast to be in 198,000 ton surplus in 2025, says INSG

The International Nickel Study Group (INSG) on Thursday forecast a nickel market surplus of 198,000 metric tons for 2025.The group also forecast global primary nickel usage at 3.537 million tons this year and global primary nickel production at 3.735 million tons.The market balance in 2023 was a surplus of 170,000 tons, rising to 179,000 tons in 2024, the Lisbon-based group said.World primary nickel production was 3.363 million tons in 2023 and 3.526 million tons in 2024, with primary usage at 3.193 million tons and 3.347 million tons respectively.

Apr 24, 2025 - 2:11 PM

Teck Q1 results beat estimates on higher commodity prices, copper sales

Canadian miner Teck Resources on Thursday reported first-quarter results that beat expectations due to higher commodity prices and copper sales volumes.The company reported adjusted earnings per share from continuing operations of C$0.60, above expectations of C$0.32, according to data compiled by LSEG.“Our profitability improved significantly … primarily as a result of higher base metal prices, increased copper and zinc in concentrate sales volumes, and the positive impact of a weaker Canadian dollar on our business,” Teck said in a statement.

Apr 24, 2025 - 2:09 PM

FTSE 100 steadies as investors weigh corporate earnings and US trade policy

April 24 (Reuters) - Britain's FTSE 100 held steady on Thursday, taking a breather from its recent rally as investors processed a wave of corporate earnings while assessing the implications of shifting U.S. trade policies.The blue-chip FTSE 100 (.FTSE), ended flat and the midcap index; edged 0.1% higherHeavy-weight banks (.FTNMX301010), dropped 1.6%.On the flip side, metal mining companies (.FTNMX551020), were higher on the day as copper prices hovered below a three-week high and gold prices also gained.

Apr 24, 2025 - 1:42 PM

Wall Street turns higher on earnings, signs of softer U.S. tariff stance

April 24 (Reuters) - Wall Street's main indexes jumped on Thursday, as investors welcomed a handful of positive corporate earnings and signs that the U.S. was open to de-escalating its trade war with China.Software firm ServiceNow (NOW.N), and toymaker Hasbro (HAS.O), topped the S&P 500 (.SPX), rising 14.8% and 15.7%, respectively, after both companies reported better-than-expected quarterly results.ServiceNow lifted the information technology sector (.SPLRCT), 2.7%, while megacap stocks further added to tech gains.

Apr 24, 2025 - 1:12 PM

TSX extends rally as yields decline and commodity prices rise

April 24 (Reuters) - Canadian stocks climbed on Thursday as falling bond yields and rising commodity prices boosted investor sentiment, while markets also weighed evolving U.S. tariff policies.The Toronto Stock Exchange's S&P/TSX Composite Index (.GSPTSE), climbed 0.5% to 24,604.05 points, and was on course for the third successive daily gain.The heavily weighted energy sector (.SPTTEN), added 0.6% as oil prices recovered some losses on Thursday.

Apr 24, 2025 - 1:08 PM

Gold gains amid bargain hunting, all eyes on trade updates

April 24 (Reuters) - Gold prices gained on Thursday after falling more than 3% in the previous session, helped by a subdued dollar and bargain hunting, while market attention remained focused on any updates on U.S.-China trade relations.

Apr 24, 2025 - 1:06 PM

Freeport-McMoRan profit slightly beats, flags higher costs amid tariffs

April 24 (Reuters) - Copper miner Freeport-McMoRan reported a first-quarter profit on Thursday that slightly beat Wall Street's expectations but said tariffs proposed by U.S. President Donald Trump could increase the cost of materials needed for its U.S. mines by about 5%.Shares of the Arizona-based company, which operates across the Americas, Indonesia and Europe, were 5.2% higher in midday trading.

Apr 24, 2025 - 1:04 PM

Fed officials argue for patience while gauging tariff impact

NEW YORK, April 24 (Reuters) - Federal Reserve officials speaking in television interviews on Thursday indicated they see no urgency for a change in monetary policy as they seek more information to determine how the Trump administration’s trade tariffs are affecting the economy.

Apr 24, 2025 - 12:19 PM

Trump says 25% tariff on cars made in Canada could go up

April 23 (Reuters) - President Donald Trump on Wednesday said a 25 percent tariff imposed on cars imported from Canada to the United States could go up."When I put tariffs on Canada - they're paying 25 percent - but that could go up, in terms of cars," Trump told reporters in the Oval Office."All we're doing is we're saying, 'We don't want your cars, in all due respect. We want, really, to make our own cars."Reporting by Ryan Patrick Jones

Apr 24, 2025 - 10:36 AM

Cryptocurrency campaigners call for Swiss central bank to hold bitcoin

BERN, April 24 (Reuters) - Cryptocurrency campaigners have stepped up calls for the Swiss National Bank to buy bitcoin, saying the global economic turmoil triggered by U.S. President Donald Trump's tariffs made it more important for the central bank to diversify its reserves.

Apr 24, 2025 - 10:33 AM

Fed's Hammack says time for Fed to be patient on policy - CNBC

NEW YORK, April 24 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack on Thursday called for patience on monetary policy amid high levels of uncertainty, and did not rule out monetary policy changes by June if the data suggested action was needed.

Apr 24, 2025 - 10:29 AM

S&P 500 edges higher with trade negotiations, earnings in focus

April 24 (Reuters) - The S&P 500 edged up at the open on Thursday, as investors assessed a bevy of mixed corporate results and developments in the U.S.-China trade war.The Dow Jones Industrial Average (.DJI), fell 75.5 points, or 0.19%, at the open to 39,531.05. The S&P 500 (.SPX), rose 5.5 points, or 0.10%, at the open to 5,381.38, while the Nasdaq Composite (.IXIC), rose 46.7 points, or 0.28%, to 16,754.756 at the opening bell.Reporting by Lisa Mattackal in Bengaluru; Editing by Shinjini Ganguli

Apr 24, 2025 - 9:38 AM

Dollar has further to fall, says Goldman Sachs chief economist

LONDON, April 24 (Reuters) - The dollar, battered and bruised by U.S. tariff uncertainty and recession fears, has much further to fall, Goldman Sachs chief economist Jan Hatzius says.WHY IT’S IMPORTANTThe dollar has fallen over 4.5% in April, set for its biggest monthly drop since late 2022, as investors dump U.S. assets, sparking talk of a crisis of confidence in the world's No.1 reserve currency.It has slumped 8% this year against a basket of other major currencies .

Apr 24, 2025 - 9:30 AM

Analysts game out use of Fed toolkit if market needs central bank's help

NEW YORK, April 24 (Reuters) - Market participants unsettled by the Trump administration's choppy policy rollout are working to game out what the Federal Reserve would do if asset prices spiral out of control and require stabilization by the U.S. central bank.

Apr 24, 2025 - 9:27 AM

Republican task force chief wants to shield Fed from political influence, including Trump

WASHINGTON, April 24 (Reuters) - A Republican lawmaker tasked with scrutinizing Federal Reserve monetary policy wants the U.S. Congress to help stabilize financial markets by insulating the central bank from political influence, including from President Donald Trump.

Apr 24, 2025 - 9:19 AM

US-China trade deal would be tricky and tenuous

HONG KONG, April 24 (Reuters Breakingviews) - Donald Trump and Xi Jinping have an interest coming to the negotiating table. The U.S. president’s 145% additional tariff on many Chinese goods, and his counterpart in Beijing’s corresponding 125% charge, are unsustainable. The problem is that their last deal did not work, while Washington sees China and its technological ambitions as a growing national security threat. That will make a pact between the world’s two largest economies hard to negotiate and even harder to uphold.

Apr 24, 2025 - 9:12 AM

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