Public Markets 3h Briefing

Global Trade Shifts

Trump tariffs investing.com took effect at 10% after a Supreme Court defeat, with the new baseline global tariff taking effect bloomberg.com for 150 days. The dollar firmed investing.com in Asian markets as traders weighed the impact of fresh trade barriers, while Australian exporters brace bloomberg.com for policy shifts. At the Port of Los Angeles, importers face significant uncertainty bloomberg.com due to shifts in US trade policy.

Asian Market Movements

China's BYD wsj.com logged a nearly threefold increase in European sales last month, maintaining strong demand for electric vehicles. Meanwhile, Chinese tourists are fueling bloomberg.com a rebound in Thai tourism, accounting for roughly a quarter of weekly arrivals as they avoid Japan. The Japanese government plans ft.com a "Cfius"-like agency to tighten economic security, maintaining close dialogue with the U.S. on forex matters.

Market Performance

Bitcoin bloomberg.com extended its decline, heading for its steepest monthly drop since the crypto collapse of June 2022. South African traders are showing record bearishness bloomberg.com on the rand, with options bets at a three-year high. Indian IT stocks sold off bloomberg.com after a report amplified AI concerns, while Asian stocks rose as China reopened on a strong note despite tech losses in Hong Kong.

Financial Sector

Standard Chartered wsj.com saw quarterly profit fall on weak interest income, though the bank exceeded its return on tangible equity target a year early. The bank later reported rising profits ft.com from wealth management fees and launched a $1.5 billion share buyback. European traders celebrated ft.com a decade-beating performance, with Barclays and Deutsche Bank capitalizing on volatility.