Reuters

Author Image

contributor

Reuters

Latest

Deal getting US-China trade truce back on track is done, Trump says

WASHINGTON/LONDON, June 10 (Reuters) - A deal getting the fragile truce in the U.S.-China trade war back on track is done, U.S. President Donald Trump said on Wednesday, after negotiators from Washington and Beijing agreed on a framework covering tariff rates.The deal also removes Chinese export restrictions on rare earth minerals and allows Chinese students access to American universities.

Jun 11, 2025 - 4:25 PM

S&P 500 ends lower; traders focus on Middle East tension and await details on trade deal

June 11 (Reuters) - The S&P 500 ended lower on Wednesday, with investors spooked by Middle East tensions, while a tame inflation report calmed concerns around tariff-driven price pressures and traders awaited more details on China-U.S. trade talks.Wall Street erased modest gains after sources said the United States is preparing a partial evacuation of its Iraqi embassy due to heightened security risks in the region. A senior Iranian official said earlier that Tehran will strike U.S. bases in the region if nuclear negotiations fail and conflict arises with the United States.

Jun 11, 2025 - 4:23 PM

Oil prices climb to 2-month high on Middle East supply risks, US-China trade deal

NEW YORK, June 11 (Reuters) - Oil prices rose more than 3% on Wednesday, to their highest in more than two months, after reports the United States is preparing to evacuate its Iraqi embassy due to heightened security concerns in the Middle East.

Jun 11, 2025 - 3:17 PM

Dollar keeps losing market share but euro slow to benefit: ECB study

FRANKFURT, June 11 (Reuters) - The dollar continued to lose market share as the world's dominant currency last year but mostly smaller rivals and gold benefited rather than the euro, an ECB report showed on Wednesday.

Jun 11, 2025 - 2:35 PM

US, China reach framework deal to ease export restrictions

US and Chinese officials agreed on a framework to put their trade truce back on track and resolve China’s export restrictions on rare earth minerals and magnets, US Commerce Secretary Howard Lutnick said on Tuesday at the conclusion of two days of intense negotiations in London.Lutnick told reporters that the framework puts “meat on the bones” of a deal reached last month in Geneva to ease retaliatory tariffs that had faltered over China’s curbs on critical minerals exports. The deal also will remove some US export restrictions that were recently put in place, he said.

Jun 11, 2025 - 2:06 PM

Glencore halted some cobalt deliveries over Congo export ban

Glencore declared force majeure on some deliveries of cobalt from Democratic Republic of Congo days after the government suspended exports of the battery material, three sources familiar with the matter told Reuters.Congo, the world’s largest cobalt producing country, introduced a four-month ban on all cobalt exports in February in an attempt to curb a supply glut that helped send prices to nine-year lows and stifled its tax revenues.

Jun 11, 2025 - 2:05 PM

Lower-grade Australian iron ore sparks global benchmark change

The longstanding global pricing benchmark for most traded iron ore cargoes will be adjusted in 2026 to reflect the falling quality of ore from top supplier Australia, pricing service Platts said.Platts, part of S&P Global Commodity Insights, proposed to revise down the specification for its benchmark index to 61% iron content from 62% due to the declining quality of Australian iron ore fines, the global price reporting agency (PRA) said on Tuesday.

Jun 11, 2025 - 1:48 PM

China coal imports could drop by up to 100mt in 2025, industry group says

China’s coal imports could drop by up to 100 million metric tons in 2025, an official at a major industry group said, potentially putting further pressure on key price benchmarks already trading at multi-year lows.Imports by the world’s largest consumer, importer and producer of the fossil fuel rose to a record high of 542.7 million metric tons in 2024, as lower international coal prices spurred buyers to substitute imports for domestic supply.

Jun 11, 2025 - 1:46 PM

Gold holds gains after cooler-than-expected US inflation data

June 11 (Reuters) - Gold prices rose on Wednesday, helped by cooler-than-expected U.S. inflation numbers, strengthening investor expectations that the Federal Reserve would start cutting interest rates by September.Spot gold was up 0.2% to $3,330.30 an ounce as of 1216 ET (1616 GMT), after rising as much as 1% earlier in the session. U.S. gold futures rose 0.2% to $3,351.

Jun 11, 2025 - 1:22 PM

Platinum surges, palladium lags on narrow demand profile

June 11 (Reuters) - Platinum and palladium prices have both rallied this month, notching a more than four-year and seven-month high respectively, but analysts say they remain more cautious about the outlook for palladium due to its narrower demand base.

Jun 11, 2025 - 1:14 PM

Investors pull out of US stocks and into Europe and emerging markets

June 11 (Reuters) - Global investors have moved money from U.S. equities and into European and emerging markets assets, as concerns mount over U.S. fiscal policy, rising debt and the risk that trade tariffs will trigger a recession.Equity mutual funds and exchange-traded funds, or ETFs, domiciled in the United States saw outflows of $24.7 billion in May, the largest in a year, data from LSEG Lipper showed.By contrast, European funds attracted $21 billion in May, lifting year-to-date inflows to $82.5 billion, the highest in four years.

Jun 11, 2025 - 1:12 PM

US consumer prices rise moderately; tariffs seen fanning inflation

WASHINGTON, June 11 (Reuters) - U.S. consumer prices increased less than expected in May as cheaper gasoline partially offset higher rents, but inflation is expected to accelerate in the coming months on the back of the Trump administration's import tariffs.

Jun 11, 2025 - 1:10 PM

Wall Street rises after cooler May inflation data

June 11 (Reuters) - Wall Street's main indexes rose on Wednesday, as a tame inflation report calmed investor concerns around tariff-driven price pressures while markets awaited more details on Sino-U.S. trade talks.Data showed consumer prices increased only marginally in May, but inflation is expected to accelerate in the coming months due to the Trump administration's import tariffs.Annually, headline inflation stood at 2.4%, lower than the 2.5% rise estimated by economists polled by Reuters.

Jun 11, 2025 - 12:23 PM

Stocks up, Treasury yields down on cooler inflation, US-China deal

June 11 (Reuters) - Wall Street stocks gained and the dollar and U.S. Treasury yields dipped on Wednesday after President Donald Trump said a U.S.-China trade deal was done and a fresh report on U.S. consumer prices in May showed only a marginal increase.

Jun 11, 2025 - 12:14 PM

Bank of America expects markets business to post 13th quarter of revenue growth

NEW YORK, June 11 (Reuters) - Bank of America (BAC.N), opens new tab expects its markets business could post a 13th consecutive quarter of revenue growth and investment banking fees could hit up to $1.2 billion in the second quarter, CEO Brian Moynihan said on Wednesday."This quarter, we expect to grow mid-to-high single digits, 13th quarter in a row" for the markets business, he told investors at a conference.Reporting by Saeed Azhar and Arasu Kannagi Basil

Jun 11, 2025 - 12:09 PM

US-China trade deal is 'done,' Trump says

WASHINGTON/LONDON, June 10 (Reuters) - A U.S.-China trade deal is "done," U.S. President Donald Trump said on Wednesday, hours after negotiators from Washington and Beijing agreed on a framework to get a fragile trade truce back on track and remove Chinese export restrictions on rare earth minerals and other critical industrial components.

Jun 11, 2025 - 11:37 AM

Analysts react to US-China trade agreement

NEW YORK/SINGAPORE, June 11 (Reuters) - U.S. and Chinese officials said they had agreed on a framework to put their trade truce back on track and remove China's export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade differences.

Jun 11, 2025 - 11:10 AM

Trump says Fed should lower rates by 'one full point'

June 11 (Reuters) - U.S. President Donald Trump on Wednesday reiterated his view that the Federal Reserve should cut interest rates by one percentage point, saying the latest inflation figures were "great.""CPI just out. Great numbers! Fed should lower one full point. Would pay much less interest on debt coming due. So important!!!," Trump wrote on Truth Social in all capital letters.Reporting by Ismail Shakil in Ottawa

Jun 11, 2025 - 10:24 AM

Hopes for Fed rate cuts keep US Treasury yield views low ahead of supply deluge: Reuters poll

BENGALURU, June 11 (Reuters) - U.S. Treasury yields are set to decline further according to bond strategists who are clinging to expectations the Federal Reserve resumes cutting interest rates after pausing for more than half a year even as dealers are set to underwrite a deluge of new supply.

Jun 11, 2025 - 10:22 AM

Investors pull out of US stocks and into Europe and emerging markets

June 11 (Reuters) - Global investors have moved money from U.S. equities and into European and emerging markets assets, as concerns mount over U.S. fiscal policy, rising debt and the risk that trade tariffs will trigger a recession.Equity mutual funds and exchange-traded funds, or ETFs, domiciled in the United States saw outflows of $24.7 billion in May, the largest in a year, data from LSEG Lipper showed.By contrast, European funds attracted $21 billion in May, lifting year-to-date inflows to $82.5 billion, the highest in four years.

Jun 11, 2025 - 10:01 AM

Reporters

Contributors