US Trade Adviser Navarro says the USMCA has significant flaws; says Mexico, Canada used as staging areas for China
Navarro's comments on the USMCA highlight potential tensions regarding trade dynamics with Mexico and Canada in relation to China.
Around three companies are considering sales of US IG bonds Thursday, according to a Bloomberg survey
FedEx (FDX) sees Q3 adj. above forecasts and also announces 2029 forecast: Revenue of roughly USD 99bln, Operating income of USD 8bln and Operating margin of 8%
US Trade Adviser Navarro says the USMCA has significant flaws; says Mexico, Canada used as staging areas for China
Albemarle (ALB) CEO says recent price improvements in lithium do not offset challenges facing Western lithium hard rock conversion operations
US BROKER MOVES: SHOP upgraded at Mizuho and TD Cowen; INSP downgraded at Wells Fargo and Nephron
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This could escalate discussions around trade policy and impact perceptions of currency valuations, particularly the USD, as markets assess the implications for future negotiations or tariffs. Traders should watch for volatility in the related currencies and commodities as sentiment shifts around these geopolitical risks.
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