Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Global stocks edge up to fresh record on trade optimism
Gulf Today
|July 01, 2025
Global stocks were higher on Monday on hopes US trade negotiations with key partners would continue to progress, while the dollar slipped and was on track for its worst first half performance in over 50 years.
-
Canada halted its digital services tax targeting US technology firms just hours before it was due to take effect, in effort to advance stalled trade negotiations with Washington.
Canadian Prime Minister Mark Carney and US President Donald Trump will resume trade negotiations in an attempt to agree on a deal by July 21, in an extension from Trump's original July 9 deadline for “reciprocal” tariffs.
The July 9 deadline still holds for other countries, although officials have suggested most deals could now be done by the September I labour Day holiday.
On Monday, US Treasury Secretary Scott Bessent said countries “should be aware” that the US could move back to the tariff levels on April 2, when Trump announced a wide array of steep duties against countries around the globe, and that the decision for any extension to negotiations would be up to Trump.
“We've got this deadline coming, but then Trump has said that the deadline can be moved. And then you've got markets thinking that the Fed could potentially cut interest rates sooner than later. So there are a lot of drivers here,” said Dennis Dick, a trader at Triple D Trading in Ontario, Canada.
This story is from the July 01, 2025 edition of Gulf Today.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Gulf Today
Gulf Today
Investors like the new-look Japan government
Global money managers are circling back to Japan's stock and debt markets, drawn by the promises of its new reflationist government and a desire to diversify from pricier US and European markets.
2 mins
October 23, 2025
Gulf Today
N.Korea fires ballistic missiles as Trump readies for Asia trip
North Korea fired what appeared to be multiple short-range ballistic missiles on Wednesday, South Korea's military said, a week before a key Asia-Pacific leaders’ meeting in South Korea.
2 mins
October 23, 2025
Gulf Today
Sharif’s party announces split from AJK government
The Pakistan Muslim League-Nawaz (PML-N) announced its decision to part ways with the Azad Jammu and Kashmir (AJK) government, saying the party would not support any “unnatural” process of government formation.
1 mins
October 23, 2025
Gulf Today
New initiative launched to train 1,000 Emirati entrepreneurs
The initiative includes a development programme, implemented in collaboration with the New Economy Academy and in strategic partnership with the National CSR Fund - Majra
3 mins
October 23, 2025
Gulf Today
Trump hosts Diwali celebrations, calls India's PM a 'great person'
US President Donald Trump hosted a special Diwali event at the White House, where he termed Prime Minister Narendra Modi “a great person” and said he loves “the people of India.”
3 mins
October 23, 2025
Gulf Today
Japan's new PM is preparing large economic stimulus to cut inflation
Japan's new Prime Minister Sanae Takaichi is preparing an economic stimulus package that is likely to exceed last year’s $92 billion to help households tackle inflation, government sources familiar with the plan said on Wednesday.
3 mins
October 23, 2025
Gulf Today
UAE's first carbon capture plant opens
RAS AL KHAIMAH: Sheikh Saqr Bin Saud Bin Saqr Al Qasimi, Chairman of RAK Ceramics, on Wednesday inaugurated Gulf Cryo's new facility, the first of its kind in the UAE for carbon capture and utilisation (CCU), dedicated to producing high-purity carbon dioxide.
1 min
October 23, 2025
Gulf Today
Only wins will silence the Rangers' critics: Rohl
New Rangers boss Danny Rohl said on Tuesday only by winning games can he gain the confidence of supporters underwhelmed by the German's appointment.
2 mins
October 23, 2025
Gulf Today
MoHAP promotes concept of healthy ageing
The Ministry of Health and Prevention (MoHAP) has organised a series of awareness activities across the UAE with the participation of Ambassadors of Healthy Ageing.
1 mins
October 23, 2025
Gulf Today
Vaani Kapoor voices concern over Delhi's poor air quality after Diwali
A day after Diwali celebrations, actress Vaani Kapoor, who is currently in the national capital, has voiced concern over New Delhi's worsening air quality, and hopes next year, there's a way to celebrate “without dimming the air we breathe.”
2 mins
October 23, 2025
Listen
Translate
Change font size