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  • Apr 14, 2025

US stocks edge up, bonds and the dollar steady as tariff turmoil eases

BOSTON/LONDON (Reuters) -Some trade policy relief and strong bank earnings helped push Wall Street up slightly on Tuesday, while U.S. government bonds and the dollar were steady, after U.S. President Donald Trump touted possible tariff changes on autos. Trump said on Monday he was considering a modification to the 25% tariffs imposed on foreign auto and auto parts imports from Mexico, Canada and other places. The main U.S. stock indexes ticked higher on Tuesday, with Bank of America, Citigroup and Wells Fargo gaining after the trio of banking giants posted strong profits for the first quarter.

  • Apr 14, 2025

Markets volatile but no huge drop in short-term liquidity, BOJ official says

TOKYO (Reuters) -Global markets are experiencing volatility from uncertainty over U.S. tariff policy but not seeing a huge decline in short-term liquidity, a senior Bank of Japan official said on Tuesday. Global stock, currency and bond markets have whipsawed due to President Donald Trump's back-and-forth comments on tariffs, with some analysts seeing the recent sharp declines in U.S. Treasuries and the dollar as a sign markets are losing confidence in the safe-have status of U.S. assets.

  • Apr 14, 2025

Brazil fintech Meliuz proposes expanding bitcoin reserves strategy

Brazilian fintech Meliuz said on Monday it will propose expanding its bitcoin reserves strategy, aiming to make the cryptocurrency the main strategic asset in the firm's treasury. In a securities filing, Meliuz said it will call a shareholder meeting for May 6 to vote on including bitcoin investments as one of the company's corporate purposes. Meliuz had launched earlier this year its bitcoin strategy.

  • Apr 14, 2025

Fed's Bostic: Bold moves 'in any direction' wouldn't be prudent

"The specific place that the economy will land depends critically on the details of where policy lands," Bostic said, speaking at Emory University. Tariffs are likely to push up on prices, Bostic said, meaning that it will take longer than he had earlier thought, perhaps until 2027, to get inflation back down to the Fed's 2% goal. Bostic did not say whether he still believes the Fed will cut interest rates once this year, the view he had expressed in  March.

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