G7 finance chiefs address trade issues, including threats against Israel, Trump-Putin ceasefire agreement.
From Yahoo Finance: 2025-05-20 06:49:00
G7 finance chiefs meet amid trade and currency tensions. Britain, Canada, and France threaten action against Israel over Gaza military offensive. Trump and Putin agree on Ukraine ceasefire talks. China cuts lending rates to ease trade war impact. U.S. import tariffs on copper benefit traders but challenge fund managers. Chinese economic data shows mixed signals.
Debt concerns affect U.S. stocks and bonds after credit rating cut. Japan’s long-dated government bonds hit record highs. Currency discussions at G7 meeting may center on exchange rates. U.S. officials push for global economic rebalancing and fair trade policies. Dollar weakens as Japan and China navigate currency issues.
Wall Street eyes Home Depot’s update on tariff impact. Federal Reserve speakers signal no rate cuts for now. Deep investor concerns over U.S. fiscal health despite market calm. Global government bond rates climb, Japan’s debt-to-GDP ratio sparks anxiety. G7 meeting, economic data releases, and corporate earnings reports highlight the day’s events.
Read more at Yahoo Finance: Morning Bid: An awkward G7