India's rupee hits 5-month low, Nifty dips 0.6% on US tariffs. Growth outlook dims, analysts eye 88.00 level.
Asia stocks mixed: Japan gains on BOJ hold, China slips on weak PMIs. Copper plunges, yen firms.
Consumer goods firms like Adidas hike prices amid tariffs. Adidas shares drop 11% on consumer confidence fears.
Tariffs loom! US brands made in EU face 15% levy. Companies eye reshoring or profit cuts. Pfizer exports up 450%!
Copper prices dip as Trump eyes 50% tariffs on pipes/wiring, impacting global trade. Traders eye volatility.
Powell's cautious tone dims Sept rate cut odds (51.9% vs 35.4%). Stocks dip, yields climb. Fed holds steady.
Fed holds rates steady for 5th time, ignoring Trump's calls for cuts. Market awaits future policy shifts.
Associated Press Finance
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8 months ago
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