Australian
Internet Loans
Australian Credit Representative 401491
Australian Internet Loans :: News
SHARE

Share this news item!

Wall Street Surges Following US-China Tariff Reduction Agreement

Wall Street Surges Following US-China Tariff Reduction Agreement

Wall Street Surges Following US-China Tariff Reduction Agreement?w=400
In a significant development, Wall Street's three major indices have leapt forward as the S&P 500 reached its highest point since March.
This upwards trend follows the announcement of a temporary reduction in tariffs between the United States and China, offering hope for a de-escalation in global trade tensions initiated by US President Donald Trump in April.

The US and China agreed to a 90-day reduction in tariffs, with the US cutting tariffs on Chinese imports to 30% from an initial 145%, while China's duties on US goods will drop to 10% from 125%. This news has prompted investors to gravitate towards riskier assets, moving away from conservative options, while awaiting clearer long-term outcomes regarding the ultimate stance on tariffs.

John Praveen of Paleo Leon observed that the trade development is easing widespread anxiety, noting a shift towards a more manageable tariff strategy that could mitigate potential fallout. Meanwhile, Chris Brigati at SWBC cautioned that, while current sentiments are positive, the long-term narrative could introduce new challenges.

Since President Trump's initial tariff announcements on April 2, market volatility ensued, only stabilising through additional factors such as a 90-day exclusion for countries beyond China, robust earnings reports, and a US-UK trade agreement. On Monday, key US indices experienced substantial gains, with the Dow Jones climbing 2.81% and the Nasdaq increasing by 4.35%.

With volatility concerns waning, measured by the CBOE Volatility Index dropping below 20, the markets saw increased activity. Notably, sectors like consumer discretionary and technology led in advancements, while only utilities experienced a slight loss. In the tech sector, Apple's shares rose following speculation about potential price increases for upcoming iPhones.

The earnings season continues as Walmart prepares to release its earnings, and energy company NRG saw a significant stock surge following an acquisition announcement valued at $19 billion. Meanwhile, Federal Reserve officials, including Chair Jerome Powell, are set to make public remarks, with traders predicting interest rate cuts by the year's end.

Overall, advancing stocks notably outnumbered decliners across US exchanges, with substantial gains seen in trading volumes compared to averages from recent weeks. This optimistic market reaction underscores the pivotal role of US-China relations in influencing investment strategies and economic outlooks.

Published:Tuesday, 13th May 2025
Source: Paige Estritori

Share this news item:

Finance News

Australia Records Historic Fall in Disposable Income Australia Records Historic Fall in Disposable Income
16 May 2025: Paige Estritori

Recent data from the Australian Bureau of Statistics (ABS) revealed a historical drop in real per capita household disposable income for Australians, marking an unprecedented fall of around 8% since mid-2022. This decline represents a significant issue, with Australia experiencing the largest decrease in the developed world, according to the OECD. - read more
Record High Australian House Prices Exceed $11 Trillion Record High Australian House Prices Exceed $11 Trillion
16 May 2025: Paige Estritori

Australia’s housing market has reached a significant milestone, with the total value of housing stock hitting $11.3 trillion as of April 2025. According to Cotality, formerly CoreLogic, the average home is now valued at $1 million, underscoring the considerable growth in property values. - read more
ASX Hits 11-Week High Amidst US-China Tariff Pause ASX Hits 11-Week High Amidst US-China Tariff Pause
14 May 2025: Paige Estritori

The Australian Securities Exchange (ASX) reached its highest level in 11 weeks, buoyed by the announcement of a temporary pause in tariff increases between the United States and China. The ASX 200 index climbed 35.50 points, or 0.43%, to 8,269, with standout performances from the energy and information technology sectors. Similarly, the All Ordinaries index saw a rise of 43.70 points, or 0.52%, closing at 8,510.70. The Australian dollar also appreciated, gaining 0.71% to 64.16 US cents. - read more



Finance Articles

Top Credit Repair Strategies: How to Overcome Bad Credit in Australia Top Credit Repair Strategies: How to Overcome Bad Credit in Australia
Understanding the concept of creditworthiness is essential, especially when considering the various financial decisions you make in life. In Australia, a good credit score can open doors to competitive loan rates, favorable mortgage terms, and hassle-free approvals for financing. Conversely, bad credit can be a significant roadblock, impacting your financial well-being and limiting your access to financial resources when you need them most. - read more
Debt Management 101: Essential Tips for Millennials in Australia Debt Management 101: Essential Tips for Millennials in Australia
Managing debt is a crucial aspect of financial health, especially for millennials in Australia. With student loans, credit cards, and personal loans, it's easy to feel overwhelmed by the debt landscape. However, understanding your options and making informed decisions can set you on the path to financial freedom. - read more
5 Smart Debt Consolidation Moves for a Financially Savvy Future 5 Smart Debt Consolidation Moves for a Financially Savvy Future
The landscape of personal finance is continuously evolving, and in Australia, this includes the manner in which debt is managed. In recent times, an increasing number of Australians have found themselves navigating the complex maze of personal debt, from credit cards to student loans, and grappling with the impact this has on their financial well-being. - read more
5 Key Steps to Take Before Applying for an Online Loan 5 Key Steps to Take Before Applying for an Online Loan
Applying for an online loan can be a convenient way to manage your finances from the comfort of your own home. With technology's advancement, borrowing money has shifted from traditional brick-and-mortar institutions to digital platforms, making the process quicker and more accessible. However, navigating through this online landscape requires an understanding of how it operates. - read more
The Ultimate Guide to Responsible Credit Card Use for a Stellar Credit Score The Ultimate Guide to Responsible Credit Card Use for a Stellar Credit Score
In the financial landscape of Australia, credit scores stand as a crucial measure of one's financial health and credibility. A credit score, essentially a numerical representation of your creditworthiness, is used by lenders and financial institutions to determine the risk involved in lending to you. This score can range from 0 to 1200, where higher scores signify better credit health and an increased likelihood of securing loans with favorable terms. - read more
Better Borrowing: Strategic Ways to Improve Your Creditworthiness Better Borrowing: Strategic Ways to Improve Your Creditworthiness
Creditworthiness represents a cornerstone in the world of finance, serving as the gauge by which lenders assess an individual's reliability in repaying debt. It's this measurement that can open doors to various financing opportunities or, conversely, become a barrier to accessing essential credit lines. So, what is creditworthiness, and why does it matter? - read more