financetom
World
financetom
/
World
/
Morning Bid: Switch 2 debuts but no fun-and-games in trade
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Morning Bid: Switch 2 debuts but no fun-and-games in trade
Jun 4, 2025 9:49 PM

A look at the day ahead in European and global markets from Rocky Swift

It's Switch 2 Day! The much-anticipated sequel to Nintendo's ( NTDOF ) immensely successful portable gaming unit goes on sale around the world on Thursday. But don't bother trying to find one: They're all sold out.

The Switch 2 is manufactured mostly in China and sold out of Japan, so it's anybody's guess when there will be more of them available and what they'll cost, given all the uncertainty over tariffs and supply chains.

A United States deadline for "best offers" on trade came and went on Wednesday without any trade announcements, and President Donald Trump continued to stir up controversy on the global stage with a proclamation banning nationals of 12 countries from the U.S.

But the trade talks go on, with Japan sending its head trade negotiator Ryosei Akazawa to the U.S. again today in search of a deal. Germany's new chancellor, Friedrich Merz, is also headed to Washington for some face time with Trump in the Oval Office.

The main event today will be the European Central Bank's interest rate decision, which is almost certain to cut rates by 25 basis points. The post-decision comments by President Christine Lagarde will be all the more important for clues on future policy moves.

Stock futures pointed to flat openings for both European and U.S. markets.

Key developments that could influence markets on Thursday:

- ECB decision, speech by Christine Lagarde

- German Chancellor Friedrich Merz travels to Washington

- German data on industrial orders, consumer goods for April

- U.S. data on jobless claims for end of May, trade data for April     

- Fed's Jeffrey Schmid, Patrick Harker, Adriana Kugler to speak

Trying to keep up with the latest tariff news?

Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tech Rallies Lift European Bourses Midday
Tech Rallies Lift European Bourses Midday
Oct 3, 2024
07:43 AM EDT, 09/26/2024 (MT Newswires) -- European bourses tracked higher midday Thursday, underpinned by a surge in tech stocks after the US-based memory-chip maker Micron Technology late Wednesday disclosed robust quarterly earnings and issued upbeat guidance, thus reigniting upward moves in AI-related issues. Tech and bank shares led gains on continental exchanges, while oil issues lagged. Investors also eyed...
Morning Bid: Micron adds fresh tech fizz, China surges anew
Morning Bid: Micron adds fresh tech fizz, China surges anew
Oct 3, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan With quarter-end fast approaching, tech excitement returned to Wall Street overnight with another AI-driven earnings beat from Micron Technology ( MU ), while China's stocks surged anew after this week's monetary easing blitz. The artificial intelligence theme had gone a bit flat in recent weeks as...
MORNING BID ASIA-Time out beckons as China stimulus boost fades
MORNING BID ASIA-Time out beckons as China stimulus boost fades
Oct 3, 2024
Sept 26 (Reuters) - A look at the day ahead in Asian markets. Asian markets could lose steam on Thursday following a sluggish performance on Wall Street on Wednesday, and as the sugar high from China's biggest economic and market stimulus package since the pandemic earlier in the week shows signs of fading. Higher U.S. bond yields across the curve...
GLOBAL MARKETS-Stocks climb to records with Micron rally; oil prices fall
GLOBAL MARKETS-Stocks climb to records with Micron rally; oil prices fall
Oct 3, 2024
* U.S. stocks up in afternoon trading * European shares set record closing high * Swiss National Bank cuts rates by 25 basis points (Updates to 3 p.m. ET/1900 GMT) By Caroline Valetkevitch NEW YORK, Sept 26 (Reuters) - A widely followed global stock index and the S&P 500 hit record highs on Thursday after chipmaker Micron Technology's ( MU...
Copyright 2023-2025 - www.financetom.com All Rights Reserved