US copper futures widened their premium to the London benchmark overnight after Trump announced plans to impose a 50% tariff on copper imports. He said the levies would come into effect on August 1.<\/p>\n
Trump also threatened a punitive 50% tariff on Brazil\u2019s exports to the US on Wednesday and issued tariff notices to seven minor trading partners.<\/p>\n
The latest tariff moves did little to rattle markets as European stocks gained, with Germany\u2019s up 0.1% and United Kingdom\u2019s Financial Times Stock Exchange 100 rising 1% to their respective all-time highs.<\/p>\n
Morgan Stanley Capital International\u2019s broadest index of Asia-Pacific shares outside Japan added 0.5%. on US \u00a0stock futures took a breather, with Nasdaq futures down 0.1% after the tech-heavy index closed at a record high on Wednesday.<\/p>\n
The market reaction to Trump\u2019s tariff developments this week was less severe than in April, and Jeff Ng, SMBC\u2019s Head of Asia Macroeconomic Strategy, said investors had grown somewhat \u201cnumb\u201d to the ever-changing situation.<\/p>\n
\u201cThey know that there is still room for negotiation. A lot of these announcements, they start off with eye-catching numbers, but they are not totally final, and they are still subject to changes. Even if they are implemented, they could also be reversed in the coming few months to year,\u201d he said.<\/p>\n
–Reuters–<\/p>\n","protected":false},"featured_media":12911,"template":"default||default","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-12910","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Global stocks advanced on Thursday, underpinned by optimism around artificial intelligence and the prospect of upcoming interest rate cuts, while investors kept a cautious eye on United Stated (US) President Donald Trump\u2019s ongoing assault on intern||Global stocks advanced on Thursday, underpinned by optimism around artificial intelligence and the prospect of upcoming interest rate cuts, while investors kept a cautious eye on United Stated (US) President Donald Trump\u2019s ongoing assault on intern","published_date":"2025-07-03 00:00:00||2025-07-03 00:00:00","news_description":"Global stocks advanced on Thursday, underpinned by optimism around artificial intelligence and the prospect of upcoming interest rate cuts, while investors kept a cautious eye on United Stated (US) President Donald Trump\u2019s ongoing assault on intern||Global stocks advanced on Thursday, underpinned by optimism around artificial intelligence and the prospect of upcoming interest rate cuts, while investors kept a cautious eye on United Stated (US) President Donald Trump\u2019s ongoing assault on intern","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/12910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/12910\/revisions"}],"predecessor-version":[{"id":18282,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/12910\/revisions\/18282"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/12911"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=12910"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=12910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}