NYSEARCA:JCPB - NYSE Arca - US46641Q6706 - ETF - Currency: USD
A possible de-escalation of trade tensions between Beijing and Washington provided a fillip for markets on Friday, boosting risk sentiment and lifting stocks globally just as earnings from Apple delivered a reminder of the trade war's true cost. China's Commerce Ministry said that Beijing was "evaluating" an offer from Washington to hold talks over U.S. President Donald Trump's 145% tariffs and that Beijing's door was open for discussions.
Japan's economy probably contracted for the first time in a year in the first quarter, weighed down by softer domestic demand and imports outperforming exports, a Reuters poll showed, as U.S. President Donald Trump's trade policies dim the growth outlook. Real gross domestic product (GDP) is forecast to have contracted an annualised 0.2% in January-March, according to a median forecast of 15 economists. Private consumption, which accounts for more than half Japan's economic output, likely inched up 0.1% in the first quarter.
- Bond mutual funds were hit hard in April, losing roughly $60 billion in AUM. - Bond ETFs, on the other hand, experienced $10 billion of inflows.
NYSE experiences trading halts Monday due to a technical issue. Stocks like Berkshire Hathaway and Chipotle are impacted.