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By A.I.
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- Stocks: Markets struggled to pick a direction as investors took a wait-and-see approach ahead of today’s CPI reading—even as Wall Street worries about the data’s reliability.
- Trade: President Trump asked China, the world’s largest soybean buyer, to quadruple its soybean purchases from the US. He also extended the trade war truce with China by 90 days
- Commodities: Gold had its worst day in three months as traders waited for the White House to clarify its new tariffs on the key commodity—only for Trump to announce that it won’t be tariffed at all. Meanwhile, Chinese battery giant CATL halted operations at a mine that produces 4% of the world’s lithium, sending prices of the precious metal soaring.
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Filed under: "Ask-an-Advisor", economics, finance, Glossary Terms, Investing, Portfolio Management | Tagged: CATL, China, commodities, CPI, gold, Lithium, stocks, trade, Trump, Wall Street | Leave a comment »
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