From Yahoo Finance: 2025-05-06 06:40:00

World markets are jittery due to trade war tensions, a drop in the US dollar, and political uncertainty in Germany. German conservative leader Friedrich Merz failed to secure enough votes to become chancellor. Chinese travelers’ spending increased 8% during the May Day holiday. The dollar struggled as Taiwan’s currency surged. Warren Buffett remains chairman of Berkshire Hathaway. Saudi Arabia signals a willingness to engage in a price war to assert dominance in oil markets.

Wall Street stocks ended a nine-day winning streak as Fed policy meeting starts. Investor hopes for US-China trade detente wane. Taiwan dollar surge raises questions about US trade negotiations. Hong Kong Monetary Authority reduces Treasury holdings. Ford Motor suspends guidance due to tariff uncertainty. President Trump threatens 100% tariff on foreign films. German and Eurozone stocks fall after Merz fails to secure chancellor votes.

Taiwan dollar’s 10% surge sparks speculation of US dollar devaluation. Taiwan’s president denies exchange rate talks with US. Asian currencies respond to regional economic uncertainty. Hong Kong Monetary Authority buys $7.8 billion to stabilize dollar. Fed policy meeting and US trade balance data in focus. Bank of England Deputy Governor speaks. US corporate earnings announcements expected. US Treasury sells $42 billion of 10-year notes.



Read more at Yahoo Finance: Asia FX rattles and Merz stumbles