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Roche To Invest $50 Bln In U.S; To Create 12,000 Jobs
Amid the ongoing tariff issues, Swiss drug major Roche Holding AG announced its plan to invest $50 billion in the United States in the next five years, aiming to expand its Pharmaceutical and Diagnostics Divisions. With all new and expanded manufacturing capacity, Roche aims to export more medicines from the US than it imports.
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Bay Street Likely To Open On Cautious Note
The Canadian market is likely to open on a cautious note Tuesday morning, but some buying is likely in energy and materials sectors thanks to firm commodity prices.
Worries about trade tensions and the stand-off between U.S. President and the Fed Chair might hurt sentiment and limit market's upside.
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FTSE 100 Up Marginally; Sainsbury Rises After Announcing Buyback Program
U.K. stocks are modestly higher on Tuesday, led by gains in retailers and consumer staples stocks, even as the mood remains cautious amid lingering concerns about global economic growth due to trade tensions following the U.S. government's highly protectionist trade policy.
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Sensex, Nifty End Higher Despite Weak Global Cues
Indian shares ended slightly higher on Tuesday despite weak cues from global markets.
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CAC 40 Down Marginally
The French stock market is down marginally on Tuesday as investors, amid lingering concerns over U.S. Government's trade policy and rising tensions between the U.S. and China, largely remain cautious while awaiting some crucial economic data and earnings updates this week.
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DAX Recovers After Early Setback, Down Marginally In Cautious Trade
German stocks are down in negative territory on Tuesday, with investors, back to trading after a long Easter break, making cautious moves amid lingering concerns about trade tensions due to the U.S. government's trade policy.
The standoff between the U.S. President and the Federal Reserve Chair also appears to be weighing on investor sentiment.
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European Shares Drift Lower As Trump Threatens Fed Independence
European stocks traded lower on Tuesday as U.S. President Donald Trump's remarks on Federal Reserve Chair Jerome Powell reignited concerns about Fed independence and political interference.
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Asian Shares Mixed; China And Hong Kong End On Steady Note
Asian stocks ended mixed on Tuesday after tariff-related worries and fears over the independence of the U.S. Federal Reserve sparked a sell-off in U.S. equities overnight.
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Walgreens To Pay Up To $350 Mln For Opioid Settlement
Walgreens Boots Alliance and its units have agreed to pay up to $350 million as it settles with the Justice Department and other federal agencies the allegations of illegally filling unlawful opioid prescriptions and submitting false claims to the Federal Government.
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New Zealand Trade Surplus Tops Expectations
New Zealand's trade surplus increased more than expected in March to the highest level since the coronavirus pandemic in 2020 as exports to China and the US logged double-digit growth, official data revealed on Tuesday. The trade surplus rose sharply to NZ$970 million from NZ$392 million in February, Stats NZ said. This was the highest surplus since May 2020.
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European Shares Seen Lower At Open
European stocks may drift lower at open on Tuesday as investors watch the latest developments on the trade front.
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Yen Rises Amid BoJ Rate Hike Bets, Global Trade Uncertainty
The Japanese yen strengthened against other major currencies in the Asian session on Tuesday, amid rising consensus that the Bank of Japan (BoJ) will continue hiking interest rates in 2025
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Australian Dollar Advances Against Some Majors
The Australian dollar strengthened against some major currencies in the Asian session on Tuesday.
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