{"id":122259,"date":"2025-10-14T21:47:09","date_gmt":"2025-10-14T21:47:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/122259\/"},"modified":"2025-10-14T21:47:09","modified_gmt":"2025-10-14T21:47:09","slug":"markets-live-asx-likely-to-rise-despite-trumps-latest-threat-against-china-sending-wall-street-lower","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/122259\/","title":{"rendered":"Markets live: ASX likely to rise despite Trump’s latest threat against China sending Wall Street lower"},"content":{"rendered":"

Good morning and welcome to the ABC’s finance blog! I’ll be your guide for the next few hours.<\/p>\n

The Australian share market is on track to start its day higher (with ASX futures pointing to a 0.8% gain in early trade).<\/p>\n

That’s despite a volatile session on Wall Street as Donald Trump ratcheted up US-China trade tensions with another inflammatory social media post.<\/p>\n

The US President said his administration was thinking of terminating some trade ties with China, including in relation to cooking oil.<\/p>\n

\n

“I believe that China purposefully not buying our Soybeans, and causing difficulty for our Soybean Farmers, is an Economically Hostile Act,” Mr Trump wrote in a social media post on Tuesday afternoon (local time).<\/p>\n

“We are considering terminating business with China having to do with Cooking Oil, and other elements of Trade, as retribution.<\/p>\n

“As an example, we can easily produce Cooking Oil ourselves, we don’t need to purchase it from China.”<\/p>\n<\/blockquote>\n

Let’s take a look at how Mr Trump’s post led to Wall Street’s topsy turvy reaction.<\/p>\n

\"AThe S&P 500 swings between losses and gains on Tuesday (local time). (Google)<\/p>\n

Before Mr Trump’s post<\/b>, the S&P 500 began its day with 1.5% plunge, which turned into a 0.4% gain by the middle of the day (ie. it was a big comeback)!<\/p>\n

But after the President’s latest provocation against China<\/b>, the benchmark US stock index fell into negative territory again, ultimately closing 0.2% lower.<\/p>\n

Once again, gold was the biggest beneficiary of all this trade anxiety.<\/p>\n

The precious metal’s spot price jumped 0.8% to hit a new record high of $US4,143 an ounce.<\/p>\n

The Australian dollar, however, fell 0.5% to 64.8 US cents.<\/p>\n","protected":false},"excerpt":{"rendered":"Good morning and welcome to the ABC’s finance blog! I’ll be your guide for the next few hours.…\n","protected":false},"author":2,"featured_media":10370,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[208,3397,79,3396,212,18,1742,19,17,188,3393,9951,1084,1746,7222,211],"class_list":{"0":"post-122259","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-asx","9":"tag-aud","10":"tag-business","11":"tag-dollar","12":"tag-dow-jones","13":"tag-eire","14":"tag-gold","15":"tag-ie","16":"tag-ireland","17":"tag-markets","18":"tag-nasdaq","19":"tag-oil","20":"tag-sp","21":"tag-sp-500","22":"tag-usd","23":"tag-wall-street"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/122259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=122259"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/122259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/10370"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=122259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=122259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=122259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}