Vietnam's trade surplus with US hits record as exports surge despite tariffs

Copper prices have surged close to an all-time high, driven by increased stockpiling in the US and tightening global supply dynamics. This surge reflects a growing investor confidence in the metal's continued rally amid fears of a supply crunch.

The Federal Reserve's upcoming interest rate decision and ongoing trade discussions with the United States are anticipated to significantly influence India's financial markets this week. Investors are closely monitoring these developments as they could impact currency valuations and stock prices.

Oil prices have stabilized at two-week highs, buoyed by expectations of a potential interest rate cut by the US Federal Reserve and ongoing geopolitical risks, particularly related to the Ukraine conflict. This stability follows fluctuations influenced by recent developments in crude inventories and market sentiment.

French President Emmanuel Macron has warned that the European Union (EU) may impose tariffs on China due to a significant trade surplus, criticizing the US approach to China as detrimental to Europe's market position. He noted that the US strategy has redirected Chinese goods towards the EU, exacerbating the trade imbalance.

A recent survey indicates that European CEOs are increasingly pessimistic about the economic outlook in Europe, showing a preference for investing in the US instead. This sentiment reflects a broader trend of declining confidence among business leaders in the region, as they navigate a challenging economic environment.

America's economic divide is deepening, with the fortunes of the rich and poor diverging significantly, posing a challenge for former President Trump as he approaches the midterm elections. This shift has transformed the economy from a potential asset into a liability for his political aspirations.

Steven Rattner, from Willett Advisors, expressed concerns about the U.S. economy's dual nature, highlighting weak consumer spending alongside a thriving tech sector. He emphasized that China is advancing rapidly in electric vehicles, biotechnology, and artificial intelligence, suggesting that U.S. tariffs are unlikely to impede this progress. Rattner advocates for U.S. innovation and effective domestic policies as the primary means of competition against China.

The European Commission has imposed a fine of €120 million on Elon Musk's social media platform, X, citing violations of new digital regulations, including issues related to deceptive practices and user safety. This action reflects ongoing scrutiny of tech companies operating within the EU's regulatory framework.