Richard Macauley

Hong Kong

Editor at Bloomberg Businessweek

At Bloomberg Daybreak in Hong Kong, formerly based in Chongqing. Tweets are my own opinion, retweets not endorsements.

Articles

Stocks Advance as Trump Pauses Tech Levies

1 week ago | bloomberg.com | Richard Macauley

Good morning. European futures gain on optimism over a US pause to consumer tech tariffs. Euro-area inflation expectations dip slightly. And central London has lost 11,000 workers. Listen to the day’s top stories. European stock futures rose after Donald Trump paused additional import duties on consumer electronics, though he later said the US will place those goods in a different “tariff bucket.” Check our markets wrap here.
Euro Hits Three-Year High as Dollar Shunned

1 week ago | bloomberg.com | Richard Macauley

Good morning. This week’s dollar pain is the euro’s gain. Donald Trump acknowledges tariffs may cause problems. And we try half-proof gin. Listen to the day’s top stories. The euro strengthened to a three-year high and other haven assets rose as the dollar faced its fourth day of declines and the trade war eroded investors’ risk appetite. Meanwhile Treasuries are trading more like risky assets.
China Vows to Fight Trade War to the End

2 weeks ago | bloomberg.com | Richard Macauley

Good morning. China pledges to retaliate against Donald Trump's latest tariff threat. The EU proposes counter-levies on some US goods. And some of the world’s wealthiest people are eying take-private deals. Listen to the day’s top stories. China vowed to “fight to the end” in the trade war with the US. It allowed its currency to weaken past a key line while people familiar said Beijing urged Shein not to shift some production out of the country.
Global Stocks Tumble as Trump Remains Defiant

2 weeks ago | bloomberg.com | Richard Macauley

Good morning. Markets crater as Donald Trump remains defiant on tariffs. At least two billionaire investors push back on the levies. And A Minecraft Movie becomes the year’s biggest movie debut. Listen to the day’s top stories. A flight from global equities accelerated and investors piled into haven assets amid tariff turmoil. Donald Trump remained defiant, insisting a boom is on the horizon. Treasury Secretary Scott Bessent rejected the idea that tariffs will cause a US recession.
Global Stocks Tumble as Trump Remains Defiant

2 weeks ago | flipboard.com | Richard Macauley

NowCNN — The big question as global stock sell-offs point to another week of plunging markets in the US is how much pain President Donald Trump is prepared to inflict to test his tariff theories. Trump said Sunday evening that he’s “open to talking” to world leaders about new deals as he put a brave …
Lutnick's Plans Put US Chip Grants in Limbo

3 weeks ago | bloomberg.com | Richard Macauley

Good morning. Howard Lutnick puts US chip grants in limbo. Donald Trump will announce reciprocal tariffs tomorrow afternoon. And what's most interesting about master watchmaker Vacheron Constantin's latest timepiece—it's complicated. Listen to the day’s top stories. US Commerce Secretary Howard Lutnick signaled he may withhold grants promised in the Chip Act to push companies to invest more in the US, according to people familiar.
Stocks, Futures Drop as Tariff Concern Mounts

3 weeks ago | bloomberg.com | Richard Macauley

Good morning. There's a sinking feeling in the markets with more US tariffs due this week. Goldman Sachs sees a higher number of rate cuts by central banks in 2025 as America's levies impact global growth. And Hong Kong’s new stadium is tested by its first Rugby Sevens weekend. Listen to the day’s top stories. European futures sank along with US contracts ahead of Donald Trump’s unveiling of fresh tariffs, set for Wednesday. Equities in Asia fell while gold rose to a record and Treasuries gained.
European Futures Fall on Tariff Woes; Gold at Record

3 weeks ago | bloomberg.com | Richard Macauley

Good morning. Market gloom persists and European stock futures are lower amid concerns over Donald Trump’s reciprocal tariffs. Greenland is set to get a new leader today. And Ubisoft soars on plans to carve out a €4 billion unit. Listen to the day’s top stories. Market sentiment was gloomy on concerns about Trump’s reciprocal tariffs, set to come in to effect next week. JPMorgan Asset Management and Aberdeen are among money managers cutting back risk ahead of those announcements.
Trump Slaps 25% Tariff on All Car Imports

4 weeks ago | bloomberg.com | Richard Macauley

Good morning. Donald Trump announces a 25% levy on all car imports. European leaders gather today for a defense summit in Paris. And check out Lufthansa’s new first and business-class suites and seats. Listen to the day’s top stories. Donald Trump announced a 25% levy on all cars imports, effective next week, sending shares of automakers lower. Separately, The EU expects the US to apply a double-digit tariff rate across the bloc when Trump announces reciprocal levies on April 2, people familiar said.
UK’s Reeves Expected to Announce Spending Cuts

4 weeks ago | bloomberg.com | Richard Macauley

Good morning. UK Chancellor Rachel Reeves delivers her Spring Statement today. Donald Trump says it’s possible Vladimir Putin is dragging his feet over a ceasefire. And old-school pod counters are gaining prominence in the cocoa market. Listen to the day’s top stories. Rachel Reeves may announce a cut of about £10 billion from day-to-day government spending in today’s Spring Statement, Bloomberg Economics said. Meanwhile CPI data may show inflation held at 3% last month.