News Highlights: Top Global Markets News of the Day - Friday at 9 AM ET

Dow Jones
09 May
 
Stock Futures Steady as Investors Dig Into U.K. Trade Deal 
 

U.S. futures were muted and European markets rose modestly after the Trump administration's first-of-its-kind U.K. trade deal.

 
Tariffs News: Trump Suggests China Tariffs Could Be Lowered to 80% 
 

Exports from China to the U.S. plunged last month, but Beijing offsets the drop by selling goods elsewhere.

 
China to Crack Down on Rare-Earth Materials Ahead of U.S. Trade Talks 
 

China has announced a crackdown on the smuggling of critical minerals, coming just one day before trade talks with the U.S., in which rare earth restrictions could be on the table.

 
China's Exports to U.S. Plunge, in Sign of Bite From Trump Tariffs 
 

The drop in U.S.-bound shipments was offset by a surge in Chinese goods to Southeast Asia, Africa, Europe and Latin America.

 
BOJ Rate Hike Unlikely Until Trade Uncertainty Clears 
 

The Bank of Japan will likely hold fire for the next few months due to growing concerns about the impact of U.S. tariffs, a former member of the BOJ's policy board says.

 
Trump's Bespoke Trade Deal With U.K. Sets Little Precedent for Other Nations 
 

Many other agreements weren't seen as likely to come together quickly.

 
Trump Brings Millionaire Tax Idea Back to Life 
 

Raising the top income-tax rate faces resistance from many congressional Republicans.

 
With U.K. Deal, U.S. Signals That 10% Tariff on World Is New Baseline 
 

Both countries are hailing this as a good outcome, showing how much the landscape has shifted.

 
RBA to Walk Rate-Cut Path With Dangers on Both Sides 
 

The Reserve Bank of Australia is set to cut rates and keep on cutting until the official cash rate is at a far less restrictive level.

 
New York Fed Survey Finds Consumers Ambivalent on Inflation Outlook 
 

Consumers sent mixed signals about their inflation expectations in the New York Fed's April survey. But the poll showed no serious rise in long-term inflation expectations.

 
 

(END) Dow Jones Newswires

May 09, 2025 09:00 ET (13:00 GMT)

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