
CNBC International
May 29, 2025 at 09:06 AM
*Trump ‘reciprocal’ tariffs stuck down*
The U.S. Court of International Trade on Wednesday blocked Trump’s “reciprocal” tariffs on countries worldwide, which he enacted in April. The court ordered a permanent halt to the tariffs at issue in the case.
➡️ https://cnb.cx/4dFJ0JN
*Nvidia posts revenue jump despite China curbs*
Nvidia first-quarter earnings beat LSEG estimates. Export restrictions to China, however, are weighing on Nvidia.
➡️ https://cnb.cx/4krJwgY
*Bank of Korea cuts rates*
South Korea’s Kospi index was up 1.8% as the country’s central bank cut its interest rate to 2.5% from 2.75%, its lowest level since August 2022.
➡️ https://cnb.cx/4kLwOtz
*Bond yields might still pressure stocks*
The 30-year Treasury yield pushed back toward the 5% level as the S&P 500 stalled. Analysts are warning the bond market could experience more ruction, which would put a lid on any stock rally.
➡️ https://cnb.cx/3Z8gPgJ
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