Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Canada’s main stock index rebounded sharply Wednesday after U.S. President Donald Trump’s unexpected tariff rollback eased fears of a global trade war. The Toronto Stock Exchange’s S&P/TSX Composite Index surged 1,220 points, or 5.4%, recovering from four straight days of losses. The S&P/TSX 60 Index also climbed 69 points, or 5.1%.
Earlier in the day, over 180 countries were hit with steep reciprocal tariffs, including 46% on Vietnam, 24% on Japan, and 32% on Taiwan. However, Trump later reduced tariffs to 10% for most countries for 90 days, offering a window for trade negotiations. China, facing higher tensions, saw its tariff rate rise from 104% to 125% after it imposed new duties on U.S. goods.
Wall Street also rallied. The Dow Jones soared 2,962.9 points (7.9%)—its first time crossing 3,000 points in a single day. The S&P 500 jumped 474 points (9.5%), its best performance since 2008, while the NASDAQ surged 1,857 points (12.2%), marking its second-largest gain on record. This rebound followed a sharp four-day decline where the Dow lost over 4,500 points, and the Nasdaq dropped more than 13%.
Oil prices, which had fallen to four-year lows amid escalating trade tensions, reversed course. Brent crude rose 2.9% to $65.72, and WTI climbed 0.5% to $63.04. Despite this rebound, oil remains down nearly 20% since April 2.
Gold, typically a safe haven, edged lower as investors shifted back to equities. Spot gold dipped 0.2% to $3,078.32 an ounce, while futures fell 0.3% to $3,092.12.
The easing of tariff pressures sparked investor optimism and restored confidence across global markets.
