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  • Apr 14, 2025

Wall Street cheers Argentina FX controls easing, IMF deal

BUENOS AIRES (Reuters) -Argentina's long-suffering markets gave a slightly weary cheer on Monday after the country sealed a $20 billion loan program with the International Monetary Fund and undid large parts of its currency and capital controls late on Friday. The peso slid around 9% to 1,170 per dollar, but less than expected, while widely-used parallel exchange rates strengthened, almost closing the gap between the official and informal rates that has widened sharply in recent years. The currency drop came after the central bank undid its so-called crawling peg and allowed the currency to float freely within a far wider trading band of 1,000-1,400 pesos per dollar, a major policy shift investors and firms had been pushing for.

  • Apr 14, 2025

Goldman’s Kostin: Shrinking liquidity spurs stock volatility

(Bloomberg) -- The equity market’s liquidity has deteriorated sharply in the last few weeks, contributing to a spike in volatility as tariff worries rocked markets, according to Goldman Sachs Group Inc. strategists.Most Read from BloombergThe Secret Formula for Faster TrainsNYC Tourist Helicopter Crashes in Hudson River, Killing SixEven Oslo Has an Air Quality ProblemInside the Quiet, Extravagant Expansion of the Frick CollectionLisbon Mayor Wants Companies to Help Fix City’s Housing ShortageSud

  • Apr 14, 2025

Goldman cuts targets on China stocks for second time this month

(Bloomberg) -- Strategists at Goldman Sachs Group Inc. cut their targets for key Chinese stock indexes for a second time this month, citing heightened trade tensions with the US.Most Read from BloombergThe Secret Formula for Faster TrainsNYC Tourist Helicopter Crashes in Hudson River, Killing SixEven Oslo Has an Air Quality ProblemInside the Quiet, Extravagant Expansion of the Frick CollectionLisbon Mayor Wants Companies to Help Fix City’s Housing Shortage“US-China trade tensions have soared to

  • Apr 13, 2025

European tech stocks higher after tariff exemptions

European semiconductor names were up as well, with gains strongest for those most exposed to the U.S. market, like ASM International, Infineon, and ASML, rising about 2% as of 0720 GMT. Europe's chipmakers supply key chips to the smartphone, personal electronics industry, while computer chip equipment makers, like ASML, are now excluded from Trump's 10% "baseline" tariffs into the U.S. Other U.S. tech stocks listed in Frankfurt were also higher with Nvidia rising more 3%, Dell Technologies up 6.3%.

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