Trump Tariffs Are Justified: China’s trade surplus is approaching $1 trillion as the country leans on exports to help its ailing economy. But while the surplus has grown, China is increasingly selling more to other parts of the world than the U.S. Its goods deficit with the U.S. fell to $279 billion last year from $343 billion in 2019
🧠 🧠 Nvidia is poised to release its Q3 2024 earnings on November 20, with expectations set high due to the company’s significant growth driven by its AI chips, especially the new Blackwell GPUs
In Asia on Monday, traders will be watching a speech and media briefing by Bank of Japan Governor Kazuo Ueda for indications of the central bank’s next policy move
Most Asian stocks are set to fall early Monday as traders rein in expectations of Federal Reserve easing
A soft start risks extending last week’s global selloff as investors price the prospect of Trump’s tariffs and tax cuts potentially reigniting inflation
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🇺🇸 🇺🇸 JPMorgan: Investment bank stocks’ strong gains following the U.S. elections is justified given the likelihood of lower taxes, expected delays and further dilution in Basel III final rules
🇺🇸 🇨🇳 Xi Jinping used his final meeting with Joe Biden to send a clear message to Donald Trump: China wants to be friends, but is ready for a fight if necessary