Introduction: HSBC sounds alarm in tariffs as a bad debt prescriptions rise
Hello and welcome to our rolling coverage of business in financial markets and the world’s economy.
Companies around the world are calculating the impact of Donald Trump’s Trade War, and today we’re hearing from one world of the largest banks.
HSBC Deposuit more money for bad debts this morning, reminder that economic outlook has worse due to “geopolitical tensions and deeper trade tariffs.”
HSBC Has increased its expected credit losses (EDL) to $ 900m in the first quarter of 2025, which is $ 200m higher than on January-March 2024, as he exalted his provisions for the debts going to be going on.
It helped to knock HSBC’s Profits the quarter down the quarter to $ 9.5BN, compared with 1Q 2024 (with the bank’s results are adulata by sale his business in Canada and Argentina).
HSBC also to shareholders had modeled missions in which tariffs are “significantly higher”, harm growth – and found to hurt their income and push up to the wrong debt from $ 500m.
HSBC It also warns in the latest financial results, which the US art war has increased the advisers against the global economy.
She told the Shareholders:
The risk of the global economy was abundant in a new trade policies announced by the US and Powers measures to be able to be adopted by several countries globally, including in the markets where the group works.
This uncertainty poses downside downside fear to economic growth and impacts economic prince, financial markets and business and pain. A further pende tariffs and trade tensions could lead to lower trade volumes, investment, consumer spending and, ultimately, weaker global GDP growth.
Supply chains can also be renewed pressure a piece of trade landscape, which can cause inflation to rise.
There are already signs that this slowdown is occuring – the number of vessels scheduled to reach the port of the Los Angeles next week to By nearly the third In the same period of years ago.
Agendarum
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8AM BST: Kantar Survey of UK grocery inflation increase
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10am BST: UK Treasury Committee to question Senior police to Prudential Authority
-
3pm BST: Jolts Report in US vacancies
-
3PM: US Consumer trust report
The key is at least
Electrolux cuts us outlook and uncertainty rises
Swedish appliances made electrolux is also counting the cost of Trump Truck with war.
ElectroluxIt makes white goods and family appliances, warned this morning, the demand outlook home appliances to “more uncertain”.
The company has submitted his North America Market Outlook at 2025 a “neutral” to “neutral to negative” and cut the assessment of foreign factors a “negative” to “negative” significantly negatively “.
Finally quarter Electrolux’s President and CEO Yannick Firlingsays:
The market environment is a specific increased uncertainty as a quarter of progress. In North America and Europe, the market demand was widely unchanged. However, consumer confidence declined by a quarter of the economic uncertainty and about the US trade policy developments. In Latin America, consumer demand increased margin, especially pulse in Brazil, the market characterized by the rising competitive pressure.
The result of changes in the US trade policies had a minor impact on the first quarter. It is impressive than our entire organization agent with speed and agility to mitigate and adapt to rapid-changing market environment.
Trump to reduce the impact of auto tariffs
There are white on the other handbrake turn from White House in Trade War.
President Donald Trump is expected to soften the impact of his automotive tariffs, by tweaking them so that duties on foreign-made cars are not stacked on top of other tariffs, such as those on Steel and aluminum.
Trump is also expected to be unemployed with a unemployment in a foreign parts to manufacture cars in the US.
The modified was originally reported by Wall Street Journal, and now appears to have been confirmed by management.
Commerce Secretary Howard Lutnick statement in the statement:
“President Trump is a building is important society with both domestic automakers and our great American workers”
“This deal is a major victory to the President’s trade policy by rewarding companies that manufacturers domestically, while providing the runway to the artists who express their commitment to invest in America and expand in the domestic weekend.”
US Treasury Secretary Scott Bird Waits to talk to US Press Pack post today to White House Daily Briefing – Perhaps this would be about what ….
Introduction: HSBC sounds alarm in tariffs as a bad debt prescriptions rise
Hello and welcome to our rolling coverage of business in financial markets and the world’s economy.
Companies around the world are calculating the impact of Donald Trump’s Trade War, and today we’re hearing from one world of the largest banks.
HSBC Deposuit more money for bad debts this morning, reminder that economic outlook has worse due to “geopolitical tensions and deeper trade tariffs.”
HSBC Has increased its expected credit losses (EDL) to $ 900m in the first quarter of 2025, which is $ 200m higher than on January-March 2024, as he exalted his provisions for the debts going to be going on.
It helped to knock HSBC’s Profits the quarter down the quarter to $ 9.5BN, compared with 1Q 2024 (with the bank’s results are adulata by sale his business in Canada and Argentina).
HSBC also to shareholders had modeled missions in which tariffs are “significantly higher”, harm growth – and found to hurt their income and push up to the wrong debt from $ 500m.
HSBC It also warns in the latest financial results, which the US art war has increased the advisers against the global economy.
She told the Shareholders:
The risk of the global economy was abundant in a new trade policies announced by the US and Powers measures to be able to be adopted by several countries globally, including in the markets where the group works.
This uncertainty poses downside downside fear to economic growth and impacts economic prince, financial markets and business and pain. A further pende tariffs and trade tensions could lead to lower trade volumes, investment, consumer spending and, ultimately, weaker global GDP growth.
Supply chains can also be renewed pressure a piece of trade landscape, which can cause inflation to rise.
There are already signs that this slowdown is occuring – the number of vessels scheduled to reach the port of the Los Angeles next week to By nearly the third In the same period of years ago.
Agendarum
-
8AM BST: Kantar Survey of UK grocery inflation increase
-
10am BST: UK Treasury Committee to question Senior police to Prudential Authority
-
3pm BST: Jolts Report in US vacancies
-
3PM: US Consumer trust report