News Highlights: Top Global Markets News of the Day - Thursday at 1 PM ET

Dow Jones
07 Mar
 
Trump Delays Tariffs on Mexican Goods 
 

Suspensions for levies on more goods covered by a trade agreement Trump negotiated in his first term could be coming.

 
ECB Cuts Rates to Guard Stalled Economy Against Tariff Threats 
 

The ECB cut rates by a quarter point, aiming to buffer an economy threatened by tariffs and a sudden need to ramp up military spending.

 
U.S. Trade Deficit Grew 34% in January 
 

Imports rose to $401.2 billion while exports climbed to $269.8 billion, yielding a deficit of $131.4 billion, wider than economists' expectations of a deficit of $128.78 and the $98.1 billion deficit of December.

 
Jobless claims recede from 3-month high, but unemployment filings jump for federal workers 
 

The first trickle of federal workers losing their jobs showed up last week in U.S. applications for unemployment benefits, but many more filings are likely in the next few months as the full scope of mass layoffs become clear.

 
Panama Port Deal Plants U.S. Flag in China-Dominated Sector 
 

BlackRock's move reflects the view that America's best chance to counter China will hinge on private investment.

 
What Automakers' Tariff Reprieve Means for Car Buyers 
 

Frustrations mount at tariff-weary carmakers, suppliers; consumers consider whether March is a great month to buy or lease

 
Eurozone's Retail Sector Continued to Struggle at Start of 2025 
 

Retail trade ticked lower at the start of this year, with January's decline marking four months of no growth in sales for the sector.

 
U.S. Stocks Drop, Rattled by Global Government Policy 
 

The Dow, S&P 500 and Nasdaq Composite each fell more than 1%, with investors unnerved by frequent changes in U.S. tariff policy.

 
The Recession Trade Is Back on Wall Street 
 

Bank stocks and the Russell 2000 have slumped on growth concerns, while Treasurys and gold have rallied.

 
China Says It Has 'Ample' Policy Tools to Spur Growth 
 

China's central bank governor Pan Gongsheng said the PBOC will cut interest rates and banks' reserve requirement ratio at an appropriate time this year.

 
 

(END) Dow Jones Newswires

March 06, 2025 13:00 ET (18:00 GMT)

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