Stocks rebound as automakers get some tariff cuts | Real Time Headlines

U.S. President Donald Trump has allowed tariffs on automakers to be suspended for one month, in line with a trilateral trade agreement between the United States, Canada and Mexico. The White House also stated that Trump is “open” to more tariff exemptions.

U.S. stocks rose in a relief rally, helping to cushion some short selling on Tuesday, caused by official tariff inauguration. However, relief may be temporary. Wall Street has already priced at lower incomes due to headwinds related to the Trump administration. Meanwhile, private companies had far exceeded expectations in February, indicating that the business community is a bit nervous due to economic uncertainty.

But U.S. Commerce Secretary Howard Lutnick said it has nothing to do with Trump. “You’re looking at Biden’s data,” Lutnick said in an interview on Bloomberg. He said former President Joe Biden left Trump with “a bunch of poops.”

Automakers receive temporary relief
U.S. President Trump awards automakers His 25% tariff is an exception for one month U.S. Press Secretary Karoline Leavitt, who took effect on Canada and Mexico and his reciprocal tariffs, said on Wednesday on behalf of Trump. On the same day, Canada requires consultation with the United States The Canadian ambassador to the WTO said that it was in the “unreasonable tariffs” of the World Trade Organization. Read the latest developments on Trump’s tariffs here.

Earnings estimates fall
this Complacent on tariffs is dissipatingBob Pisani of CNBC wrote. Bannockburn Forex’s Marc Chandler told CNBC that stocks are starting to price at lower yields. To be sure, analysts’ reduction in revenue estimates in the first part of the quarter are typical. Pisani wrote, but the numbers fell faster than usual.

Market rebound
U.S. market rebounded on Wednesday After Trump says he makes more concessions to tariffs. this S&P 500 Up 1.12%, Dow Jones Industrial Average Climbing 1.14%, Nasdaq Composite Materials Rally 1.46%. Pan-European Stoxx 600 The index increased by 0.91%. this DAX Index Jumped 3.38% behind German stocks perform well and news that the country’s potential coalition government plans to increase fiscal spending.

Private companies work slowly
Private companies add only 77,000 new workers In February, January and 186,000 upward revisions were made under 148,000 Dow Jones consensus estimates, according to ADP seasonally adjusted data. The total was the smallest increase since July, when fears arise due to slowing economic growth and inflation caused by tariffs.

U.S. Commerce Secretary accuses Biden
Howard Lutnick, Secretary of Commerce Economical Data and plunge in stock price. Lutnik said in an interview: “The president talked about it last night Bloomberg TV. “He said Biden left him a bunch of feces. “The U.S. economy has grown by 2.8% over the past year, with inflation in December reaching 2.9%.

(Pro) Investors Back to Bond
During this turbulent time, the bond-to-stock popularity continued. On Wednesday, Ten years of US fiscal revenue After a 4.8% rise in mid-January, hovering around 4.2%. Bond prices are inversely proportional to yields, meaning they are rising recently, while the Standard & Poor’s has fallen more than 1% this year. This is some reasons Why investors turn to bonds.

Analysts say

On Tuesday, Germany could be the prime minister Friedrich Merz and other political leaders announced a long-standing fiscal backbone of planned reforms, known as Germany’s debt brakes, especially to allow for higher defense spending. They also revealed a new €500 billion (USD 535 billion) special infrastructure fund.

“Big, bold, unexpected – the outlook-changing game changer,” Bank of America global research economist and analyst said in a note Wednesday.

Florian Schuster-Johnson, a senior economist at Dezernat Zukunft, told CNBC’s “Street Sign Europe” on Wednesday that the market may expect economic growth, and that Germany’s growth is expected to increase.