Author: 24newz

Canada’s decision to withdraw its proposed digital services tax marks a significant step forward in U.S.–Canada trade relations. The move not only eases the risk of a tariff dispute but also paves the way for renewed negotiations on a bilateral economic and security partnership. This policy shift benefits major tech companies such as Google and Amazon, potentially boosting North American tech stocks.

For investors in Hong Kong, staying informed on this development could offer valuable insights into shifting global capital flows and evolving market trends.

U.S. President Donald Trump has announced the suspension of bilateral trade talks with Canada in response to the country’s upcoming implementation of a digital services tax. In addition, new tariffs will be imposed on Canadian goods, reigniting tensions in U.S.-Canada trade relations. This move could disrupt key sectors across the North American supply chain, including technology, automotive, and energy. Investors should stay alert to shifting risks in the region’s economic landscape.

U.S. President Donald Trump has announced a trade agreement with China, drawing close attention from the markets as investors await further details. While the deal signals a potential thaw in U.S.-China relations, the lack of clarity has led to cautious sentiment among traders. The agreement could have a notable impact on Hong Kong’s stock market, with particular optimism surrounding the tech and manufacturing sectors.

The U.S. economy unexpectedly contracted at an annualized rate of -0.5% in the first quarter, marking the first economic shrinkage in three years. Weaker consumer spending, a surge in imports, and persistent inflation were the key factors weighing on growth, raising concerns about the outlook for the U.S. economy.

The British pound has climbed to its highest level against the U.S. dollar in nearly four years, breaking past the 1.3770 mark. This surge is driven by several key factors: pressure on the dollar due to shifts in Federal Reserve leadership, supportive technical indicators, and changing capital flows. With markets closely watching whether Jerome Powell will remain as Fed Chair—and how that decision could shape the future of U.S. monetary policy—the pound may continue to benefit in the short term. This trend presents a potential opportunity for investors paying attention to currency markets.

Oil prices have seen short-term fluctuations recently due to geopolitical tensions, but overall remain range-bound. Brent crude has rebounded to around $68 per barrel, as market attention shifts toward the upcoming OPEC+ meeting in July and developments in the Middle East. Investors should closely monitor changes in supply and demand, as well as policy shifts, to better anticipate oil price trends.