Skip to main content

Featured

Tariff Ultimatum on Iran Trade Sparks Global Tension

                                                Doing Business With Iran? Trump Says Pay a 25% US Tariff. A new 25% tariff threat from President Donald Trump has sent a jolt through international markets, after he declared that any nation continuing to trade with Iran would face steep U.S. penalties. The announcement, delivered abruptly through social media, signaled a sharp escalation in Washington’s effort to isolate Tehran economically. The move comes amid heightened criticism of Iran’s internal crackdown on dissent, which U.S. officials argue warrants stronger international pressure. By targeting not just Iran but its trading partners, the administration aims to force countries—including major global players—to reconsider their economic ties with Tehran. The threat immediately stirred uncertainty across global markets. Oil prices climbed...
Post a Comment
Read more

article

Labels

TSX Futures Plunge Amid Global Market Sell-Off

 

Futures for Canada’s main stock index, the S&P/TSX, fell sharply on Friday as investors braced for crucial U.S. payrolls data amidst a global market downturn. The September futures on the S&P/TSX index were down 1.0% early in the morning.

The decline follows weaker-than-expected factory data from the U.S. on Thursday, which heightened fears of an economic slowdown and negatively impacted investor sentiment worldwide. Additionally, disappointing earnings reports from major tech companies like Intel and Amazon.com contributed to a sell-off in tech shares across markets.

Despite the overall downturn, an uptick in commodity prices helped limit the declines. Oil prices saw a slight increase, and gold was poised for its biggest weekly jump in four months.

Investors are keenly awaiting the U.S. non-farm payrolls data, expected to provide further insights into the state of the American economy. The Toronto Stock Exchange’s S&P/TSX composite index had ended 1.7% lower on Thursday, marking its biggest daily decline since February.

Labels:

Comments

Post a Comment